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• Whitestone REIT Spends $25 Mil on AZ Retail Center
6/20/23
Whitestone REIT has purchased Arcadia Towne Center, a 70k sf grocery center located at 4730 E. Indian School Rd in Phoenix. The asset was sold by LNR Partners in a $25.3 mil deal.
The center expands Whitestone’s footprint in...
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• CordenPharma Leases 61k sf Life Sciences Property in Boulder, CO
6/19/23
CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, CO. The company will occupy 61.1k sf across both floors at 2300 55th St.
2300 55th Street was built out for advanced technolog...
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• New Mexico Retail Center Hits the Market at Just Under $16 Mil
6/16/23
Here’s news of a retail property that has just been put on the market. The property, Cottonwood Collection, is a 157.9k sf structure that is 100% occupied by Hobby Lobby, Home Life Furniture, and Mor Furniture. The asset, an ...
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• New Mixed-Use Center in Verrado, AZ Breaks Ground
6/16/23
Sunrise Market, a Class A, 35k sf mixed-use center in Verrado, AZ, has broken ground. Located at the southeast corner of Village St and Sunrise Lane, the center is anticipated to complete construction in January 2024.
The c...
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• The McBride Cohen Company Secures $385 Mil in Debt and Equity for Construction of AZ Mixed-Use Project
6/14/23
The McBride Cohen Company has secured $385 mil in debt and equity for the construction of South Pier at Tempe Town Lake Phase I, a 737.6k sf, waterfront, trophy mixed-use project in Tempe, AZ. The development will include 724...
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• Landmark Companies Lands $45 Mil for TX Res Development
6/14/23
Landmark Companies has secured $45 mil in construction financing for Arden at Corinth, a 296-unit multifamily project in Corinth, TX. The total project cost is $63.3 mil.
The project, a ground-up, Class A res development co...
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• Investor Lands $53 Mil Loan on AZ Retail Center
6/12/23
An unnamed private investor has obtained $53.4 mil permanent loan to retire construction debt for the first phase of a multi-phase retail project. The project, The Village at Prasada, is a 700k sf retail power center located ...
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• San Diego Investor Zeros in on AZ Industrial Portfolio
6/09/23
A San Diego-based investor purchased a two-building industrial/flex office portfolio totaling 158.5k sf of space in Tempe, AZ. Located at 1100 and 1150 W Grove Pkwy, the buildings are approximately 67% leased combined.
1100...
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• Schuman Companies Spends $12.3 Mil on South Parcel at Loveland Yards in Colorado
6/09/23
Schuman Companies acquired the 146.1k sf south parcel at Loveland Yards in Loveland, CO for $12.3 mil. The purchase completes Schuman Companies’ acquisition of the former Loveland Outlets site, after buying the north parcel i...
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• Recent Signings Bring Denver Business Park to Full Occupancy
6/09/23
There have been two new signings at Eastpark 70, a 1.35 msf, Class A master-planned business park in metro Denver’s Airport submarket, bringing the campus to full occupancy. Performance Contracting leased the entirety of Buil...
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• Empire Group Obtains $120 Mil in Financing on Two AZ Build-to-Rent Projects
6/08/23
Scottsdale, AZ-based Empire Group has secured $120.5 mil in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer...
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• Axle on Demand Pre-Leases 126k sf of Industrial Space at Glendale, AZ Development
6/08/23
Axle on Demand has agreed to a 126.1k sf pre-lease at Echo Park 303 in Glendale, AZ. The transaction represents Axle on Demand’s sixth metro Phoenix location and fills more than half of Echo Park 303’s Building A almost four ...
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• Concepts Inc Buys 54k sf Phoenix Retail Center
6/07/23
Concepts Inc purchased Ahwatukee Mercado, a 54k sf retail center in Phoenix. Located at 4747 East Elliot Rd, the 95% leased center is shadow-anchored by a Safeway Grocery Store. The price was not disclosed.
The property incl...
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• Recent Spate of Lease Signings Brings Salt Lake City Office Building to 100% Occupancy
6/07/23
The have been four lease signings at 222 South Main Street, a 22-story Class A office building in Salt Lake City, bringing the building to 100% direct occupancy. The property is owned by KBS.
CBRE’s Scott Wilmarth and Nadia...
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• Rockefeller Group Acquires Two Res Development Sites in Arizona
6/07/23
Rockefeller Group has acquired two sites for the development of 152 build-to-rent townhomes. The two sites, approximately 1.75 miles apart, total 16.5 acres and are located in Phoenix’s booming South Mountain corridor. Ground...
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• Summit Hotel Properties Buys 120-Key Hotel Property in Scottsdale, AZ
6/06/23
Summit Hotel Properties has purchased a 120-key Residence Inn by Marriott hotel asset in north Scottsdale, AZ. Located at 17011 N Scottsdale Rd, the property was built in 2002 but renovated in 2018. The price was not disclos...
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• New Mountainside Fitness-Leased Retail Building in the Phoenix Area Secures $7.65 Mil in Financing
6/02/23
A new 40k sf retail building in the greater Phoenix area that is 100% leased to Mountainside Fitness, a health club operator with 19 Phoenix Region locations, has been financed with $7.65 million of construction-to-permanent ...
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• Stonelake Capital Partners Wraps Up $18 Mil AZ Industrial Buy
6/01/23
Stonelake Capital Partners has purchased University Logistics Park, an 86.4k sf, multi-tenant industrial project in Phoenix, in an $18.1 mil ($210/sf) transaction. The asset was sold by 20 Mule Team Holdings LLC.
Located at ...
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• Portfolio of Nine Properties in Downtown Las Vegas Listed for Sale
5/31/23
A portfolio of nine properties in the Fremont East District of downtown Las Vegas has been put on the market. The portfolio, which consists of a portion of the Estate of Tony Hsieh, a late American internet entrepreneur, Zapp...
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• Auto Dealership Entity Buys 65k sf Retail Property in Fort Collins, CO
5/31/23
An entity affiliated with Fort Collins-based Dellenbach Chevrolet Inc purchased a 65.5k sf retail property in Fort Collins, CO for $9.25 mil ($141/sf) in an off-market transaction. The property is located at 200 W. Foothills ...
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