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• R.G. Miller | DCCM Signs Long-Term Deal for 29k sf of HQ space at Houston Office Building
4/01/24
R.G. Miller | DCCM has inked a long-term lease for 28.8k sf of corporate HQ space at Eldridge Oaks, a Class A, 14-story office building in Houston. The property is at 1080 Eldridge Pkwy.
R.G. Miller | DCCM, a civil engineeri...
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• Online Luggage Seller Leases 40k sf of Industrial Space in Tempe
3/29/24
Portmantos Inc signed a five-year, $2.56 mil lease for 40k sf ($1.07/sf/mo) of industrial space in Tempe, AZ. The deal is within a multi-tenant, Class A logistics property located at 1120 West Fairmont St.
The property is wi...
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• Inland Real Estate Acquisitions Affiliate Buys 484-Bed Student Housing Community in Tucson, AZ
3/28/24
An affiliate of IL-based Inland Real Estate Acquisitions purchased The Parker, a 484-bed pedestrian student housing community located across the street from the University of Arizona in Tucson, AZ. The property was sold by Ho...
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• Neighborhood Retail Center in Phoenix Refinanced with New Loan for $5.3 Mil
3/27/24
MDC Realty Advisors has refinanced Camelback East Shops, a 25.1k sf neighborhood retail center in Phoenix, AZ, with a new loan for $5.3 mil.
Located on the southeast corner of 32nd St and Camelback Rd, Camelback East Shops...
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• Commonwealth Development Corporation and WNC & Associates to Build Affordable Housing Community in Oregon
3/27/24
Commonwealth Development Corporation and WNC & Associates have teamed up to build Pacific Flats, an all-new affordable housing community in Phoenix, OR. The property will include five three-story residential buildings compris...
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• New Denver Logistics Development is 33% Preleased at Completion
3/26/24
Pivot Denver, a brand new, award-winning 472.8k sf Class A industrial logistics development in Denver has been completed and is 33.5% pre-leased, having signed three tenants totaling approximately 159k sf. The project is owne...
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• Commercial Real Estate Financing Briefs
3/25/24
CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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• Cohen Asset Management Spends Almost $22 Mil on New AZ industrial Facility
3/22/24
Cohen Asset Management has acquired Elwood Rising, a brand new, Class A spec industrial development totaling 120k sf in Goodyear, AZ. The asset was sold by Atlas Capital Partners for $21.8 mil ($182/sf).
Located in the grow...
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• Waterford Property Company, The Vistria Group and Northern Liberties Acquire 395-Unit Multifamily Community in Dallas
3/21/24
Waterford Property Company, The Vistria Group and Northern Liberties, in partnership with the Dallas Housing Finance Corporation (DHFC), have acquired Domain at Midtown Park, a 395-unit class A multifamily community located ...
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• Phoenix Lab Property Purchased for $6.3 Mil by Exchange Investor
3/20/24
A 25.6k sf lab property in Phoenix traded for $6.3 mil, or $246/sf. The property, located at 2801 South 35th St, is fully leased by Nextmune, a global animal pharmaceutical company.
The property was recently renovated to inc...
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• CapRock Partners Picks Up 319k sf Industrial Property in Arizona
3/20/24
CapRock Partners acquired Chandler Airport Business Park, a newly finished 318.7k sf, Class A industrial asset in Chandler, AZ. The property consists of four state-of-the-art freestanding warehouse buildings ranging in size f...
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• Bixby Land Company Establishes Industrial Fund
3/19/24
Bixby Land Company has established its Bixby Industrial Fund 1. The recapitalization portfolio consists of five industrial properties, two located in Mira Loma, CA, two in Phoenix, AZ and one in Atlanta, GA. Goldman Sachs Alt...
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• Westfield and Reinsurance Group of America Buys 431k sf Denver Industrial Property
3/18/24
Centerpark, a 431.2k sf, Class A industrial project in Denver, was acquired by a joint venture of Westfield, a Denver based real estate investment and development firm, and Reinsurance Group of America (RGA), a leading global...
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• Arizona Retail Sale Works Out to $66/sf
3/15/24
In a recent retail trade out of Arizona, Sun Village Fair, a 189k sf center in Chandler, was purchased for $12.5 mil ($66/sf) by Arizona Partners. The property, situated on roughly 20 acres, was sold by LNR Partners.
Sun Vil...
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• Bradford Allen Hospitality Investments Buys AZ Hotel Asset in $23.7 Mil Deal
3/15/24
Chicago based Bradford Allen Hospitality Investments purchased the 100-room Aloft Glendale at Westgate hotel in Glendale, AZ in a $23.75 mil ($237.5k/room) transaction. The four-story hospitality asset is located at 6920 N 93...
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• Oberndorf Real Estate Management Affiliate and The Bascom Group Acquire 360-Unit CO Multifamily Community
3/13/24
An affiliate of Oberndorf Real Estate Management LP and The Bascom Group LLC have acquired Hearthstone at City Center, a 360-unit multifamily community in Aurora, CO, for $74 mil ($205.5k/unit). The asset is located at 932 So...
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• Commercial Real Estate Financing Briefs
3/11/24
MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
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• The Bascom Group Buys 96-Unit Res Property in New Mexico
3/11/24
The Bascom Group LLC has acquired San Miguel Court Apartments, a 96-unit multifamily community in Santa Fe, New Mexico. The price was disclosed.
Built in 1974 built, San Miguel Court Apartments is a garden-style multifamily ...
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• IDEAL Capital Group Buys Phoenix Area Multifamily Community for $108 Mil
3/11/24
IDEAL Capital Group purchased Sentio, a 325-unit, LEEDŽ Silver, Class A multifamily community in North Phoenix, in a $108 mil ($332.3k/unit) transaction. The property, located at 3600 W Happy Valley Rd in Glendale, was sold b...
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• Canadian Firm Spends $24 Mil on 115k sf Industrial Facility Near Phoenix Sky Harbor International Airport
3/08/24
Canada-based MDC Realty Advisors (MDC) purchased a 114.9k sf, Class A industrial facility in Phoenix for $24.3 mil in a sale/leaseback transaction. The current occupant, American Refrigerator Supplies Inc, sold the freestandi...
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