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April 18, 2024
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TEXAS/SOUTHWEST NEWS
Archive
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• Phoenix Medical Office Campus Trades
11/14/23
Paradise Valley Professional Campus, a nine-building, 56.3k sf medical office campus in Phoenix, traded hands. The property, located at 16620 North 40th St, features nine standalone one-story medical offices on 5.62 acres. ...
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• Whole Foods Signs Deal for New 137k sf Distribution Facility in Colorado
11/13/23
Whole Foods Market has inked a build-to-suit deal for a 137k sf distribution facility at HighPoint Elevated, a Class A industrial park currently under construction near Denver International Airport in Aurora, CO. The industr...
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• Hines and MBK Rental Living Get Started on Luxury Res Community in Colorado Springs, CO
11/10/23
Hines and MBK Rental Living plan to develop a Class A, for-rent residential community in the Briargate neighborhood of Colorado Springs, CO. The project, Retreat at Mountainside, will be comprised of 284 residences across mul...
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• I-40 TradePort Corridor Awarded $974k to Develop Network of Clean Energy Logistics Hubs on the West Coast
11/10/23
The U.S. Department of Transportation has awarded $974k to the I-40 TradePort Corridor, an 805-mile, multi-state coalition to develop a network of clean energy logistics hubs as an integral part of the nationís supply chain s...
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• Demolition of The Yardstick Site Presents Prime Redevelopment Opportunity in Downtown Salt Lake City
11/09/23
Demolition has begun at The Yardstick property in downtown Salt Lake City, UT. The site, covering 0.6 acres at 50-52 East 300 South, in the heart of the cityís central business district, is being offered as a new 60-year grou...
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• Crosse Partners Spends $10.9 Mil on Colorado Industrial Park
11/08/23
Crosse Partners purchased Moncrieff Business Center, a 101.4k sf warehouse distribution center in Aurora, CO for $10.9 mil, or $107/sf. The asset was sold by an affiliate of Zurich Alternative Asset Management. Located at 14...
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• MG Properties Wraps up $95 Mil Denver Multifamily Buy
11/06/23
MG Properties recently acquired 4400 Syracuse Apartments, a newly built, 316-unit luxury midrise community located in one of Denverís most desirable, dynamic, and growing submarkets, in a $95 mil ($300k/unit) transaction. Th...
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• CentrePoint Properties Buys 99k sf CO Biz Park
11/03/23
CentrePoint Properties, a Denver-based commercial real estate investment firm, paid $16.65 mil for two industrial parks totaling 98.6k sf ($169/sf) across four buildings in Longmont, CO. The properties are located at 1501-15...
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• 2.2 msf Texas Mixed-Use Campus Trades Hands
11/02/23
CityLine, a 2.2 msf mixed-use property comprised of four purpose-built office buildings in Richardson, TX, traded hands. The property, occupied by State Farm, includes 120k sf of retail space and a 42k sf medical office build...
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• Parklane Development Group and Miramar Industrial Partners Complete Work on 1.2 msf AZ Logistics Project
10/31/23
Parklane Development Group and Miramar Industrial Partners have completed work on Southern Industrial Center, an award-winning, 1.2 msf, speculative Class A industrial project located at the southeast corner of Southern Ave a...
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• Phoenix Industrial Asset Lands New Owner in $7.2 Mil Trade
10/31/23
A 28.5k sf industrial complex in Phoenix was acquired by The Sacket Family Trust for $7.2 mil ($253/sf) in a recent transaction. The property was sold by Stos Partners, who acquired the asset in March 2022 for $4.5 mil. The ...
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• Dominium Finishes One Phoenix Housing Project While Breaking Ground on Two Others
10/30/23
Dominium has been busy with three housing projects in Phoenix. The firm held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family ...
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• Milhaus and Banyan Residential to Build 320-Unit Phoenix Multifamily Project
10/30/23
Milhaus and Banyan Residential are set to move forward with a new 320-unit residential development in Phoenix. The project, Alanna, will be built with design-assist construction services from McShane Construction Company. Lo...
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• Scottsdale Office Campus Being Redeveloped into a Destination Workplace
10/30/23
Vero Capital is re-branding and redeveloping Kierland I & II, a two-building office campus totaling 410k sf in Scottsdale. The construction work is planned for completion in third quarter 2024. Reimagined as Inisio at Kierla...
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• ViaWest Group Breaks Ground on Final Phase of AZ Industrial Development
10/27/23
ViaWest Group has broken ground on the final phase of the firmís Goodyear Crossing Industrial Park, a Class A industrial development located at the southwest corner of Sarival Ave and West Elwood St, just southwest of Phoenix...
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• Fox Factory Leases 112k sf AZ Industrial Property
10/27/23
Fox Factory Inc signed a lease for a 112k sf industrial building in the northwest Phoenix, AZ submarket of Deer Valley. The deal has a total consideration of more than $12 mil Ė said to be one of the largest lease deals in th...
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• Caspian Investments Buys 280k sf Utah Industrial Facility
10/26/23
In a Utah industrial buy, Caspian Investments LLC purchased a 280.8k sf, Class A distribution center in Spanish Fork. The building is fully occupied by Young Living Essential Oils. The facility is located at 3065 N. 200 E. a...
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• California Investor Picks Up Majority of AZ Multi-Tenant Biz Campus
10/26/23
The majority of Arrowhead Ranch Business Park, a six-building, 18-unit flex/industrial campus in Peoria, AZ, was purchased for $12.68 mil by a California-based private buyer in a 1031 exchange. The transaction consisted of 11...
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• Sperry Equities Buys 95k sf Retail Center in Phoenix
10/25/23
Sperry Equities LLC acquired North Mountain Village, a 94.5k sf retail center in North Phoenix for an undisclosed price. At the time of sale, the property had an 86% occupancy rate consisting of national and regional tenants,...
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• Community Preservation Partners and The Hampstead Companies Pick Up 112-Unit Multifamily Property in Layton, UT
10/25/23
CPP (Community Preservation Partners), in a venture with The Hampstead Companies, purchased Skyline View Apartments, a 112-unit multifamily property in Layton, UT. Skyline View Apartments is comprised of eight two-story...
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