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• Lincoln Property Company Starts Work on 1 msf Tucson, AZ Industrial Project
9/25/24
Lincoln Property Company has broken ground on Phase I of I-10 International, a Class A industrial project that, upon completion, will total more than 1 msf of space on 79 acres in the Tucson, AZ airport submarket.
The $75 mi...
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• Premier Workspaces Successfully Repositions Competitor Location in Frisco, TX
9/25/24
Premier Workspaces®, the Irvine-based flexible workspace leader, has opened a new location in Frisco, TX. The space was formerly operated by Common Desk, a WeWork company.
The new coworking office space is in the prestigiou...
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• TRU Bowl Superfood Bar Secures Two More Locations in Arizona
9/25/24
Two new TRU Bowl Superfood Bar locations are coming to Arizona. Franchise owners David and Cyndi Schoenecker, who had already set up an initial Arizona store in Gilbert for the California-based chain, have agreed to deals for...
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• Multifamily Property in Henderson, NV Trades for $45 Mil
9/25/24
Prism Multifamily Group has acquired Cascade Apartments, a 261-unit multifamily property in Henderson, NV, for $45.5 mil, or $174.3k/unit. The buyer plans to complete a property renovation plan to better capitalize on the gro...
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• AZ Seniors Housing Portfolio Lands $96 Mil Refi Loan
9/24/24
Douglaston Development and The Hampton Group Inc have obtained $96.5 mil in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan area...
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• Tricon Residential Wrapping Up Work on Two Build-to-Rent Communities in Texas
9/23/24
Tricon Residential celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-ba...
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• Stonelake Capital Partners Buys 80k sf of Industrial Space in Phoenix’s Deer Valley Submarket
9/20/24
Dallas-based Stonelake Capital Partners recently acquired an infill industrial portfolio comprising two small-bay buildings totaling 80k sf of space in Phoenix’s Deer Valley submarket. The price was not given out.
Situated a...
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• Sherman Residential Spends $72 Mil on Its First Phoenix Res Acquisition in 15 Years
9/19/24
Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 mil for Vela on Camelback, a 237-unit ($304k/unit) Class A community located at 4949 N. 7th St in the city’s Camelback Corridor submarket. ...
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• Stos Partners Picks Up 95k sf of Industrial Assets in Phoenix
9/18/24
Stos Partners recently closed on the purchase of a 5.3-acre property in Phoenix that includes two freestanding industrial warehouse buildings totaling 94.8k sf of space. The buildings are located at 236 and 240 North 48th Ave...
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• Colorado Grease Monkey Fetches $580/sf
9/18/24
A single-tenant property occupied by Grease Monkey in Lakewood, CO sold for $2.435 mil in a deal that had a cap rate of 6.40%. This is the lowest reported cap rate for a single-tenant Grease Monkey in Colorado in the past two...
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• 104-Unit Res Community in South Central Austin, TX Trades
9/17/24
Thornton Flats, a 104-unit boutique multifamily in South Central Austin, TX, was acquired by Jesse Mamuhewa and David McCutchan of Resolute Capital Partners. The price was not disclosed.
Built in 2017, Thornton Flats is loca...
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• New Colorado Building Leased to The Learning Experience Sells for Over $500/sf
9/17/24
A 10k sf, new construction structure occupied by The Learning Experience in Firestone, CO traded for $5.45 mil ($545/sf). There is a new 15-year lease in place.
Built in 2023, the building sits on 1.13 acres at 10935 Colorad...
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• BKM Capital Partners Spends $21 Mil on 153k sf Vegas Biz Campus
9/17/24
BKM Capital Partners has acquired Escondido Business Park, a two-building, 153.4k sf multi-tenant light industrial park in the Airport submarket of Las Vegas, for $21.3 mil ($139/sf). The small-bay property will be upgraded a...
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• CaliberCos Buys 312k sf Phoenix Office Campus
9/17/24
Scottsdale-based CaliberCos Inc purchased Canyon Corporate Plaza, a 311.7k sf, Class A office campus in Phoenix. The asset was sold by ViaWest Group, who purchased the complex in a joint-venture with New York-based Taconic Ca...
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• Mark IV Capital Receives LEED Certification for Recently Completed 815k sf Industrial Facility in Nevada
9/12/24
Mark IV Capital’s recently constructed Building A, a Class A, 815.2k sf industrial asset at Victory Logistics District in Fernley, NV, has received Leadership in Energy and Environmental Design (LEED) certification from the U...
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• Agora Realty and Management Nearing Completion of 42k sf Medical Office Building in North Las Vegas
9/12/24
Construction of a state-of-the-art, 42k sf medical office building at the heart of the now underway NLV Gateway downtown redevelopment is nearing completion. The facility, located at 1941 N. Jefferson St, is being developed b...
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• Rectangle Investment Management Buys 40k sf Industrial Building in Phoenix
9/10/24
Denver-based Rectangle Investment Management (“Rectangle”) has acquired a 39.6k sf industrial building at 20 S. 69th Ave in Phoenix. The price was not disclosed.
The property is fully leased to Action Gypsum Supply, a key re...
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• Dallas Chick-fil-A Ground Lease Goes for $3.7 Mil
9/02/24
A Dallas-based private 1031 exchange investor paid $3.735 mil for the ground lease purchase of a newly developed Chick-fil-A property in Dallas. Built in 2023, the 4.7k sf restaurant sits on 1.525 acres at 3502 W. Camp Wisdom...
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• Helix Properties Buys 77k sf AZ Medical Office Building
8/29/24
Helix Properties purchased Gateway Medical Center, a 77.4k sf, multi-tenant medical office building in Phoenix, for $7.2 mil, or $93/sf. The two-story structure, located at 690 N Cofco Center Court, was approximately 35% leas...
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• AZ Retail Center Trades in $51 Mil Transaction
8/27/24
Casas Adobes Plaza, a 92.3k sf, Whole Foods-anchored shopping center in Tucson, AZ, traded hands for $51 mil, or $553/sf. The asset was sold by First Washington Realty.
Originally built in 1953 and remodeled in 2014, Casas A...
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