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• 29th Street Capital Picks Up 124-Unit Res Asset in Arizona
5/30/23
29th Street Capital (29SC) acquired Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ. The price was not disclosed.
Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A loca...
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• Tempur-Pedic Leases 322k sf AZ Distribution Facility
5/26/23
Tempur-Pedic, the mattress and pillow maker, has inked a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. The lease brings the $60 mil, state-of-the-art warehouse and distribution project...
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• New 580-Unit Multifamily Development Completed in Salt Lake City
5/25/23
Post District Residences, a new 580-unit multifamily development in Salt Lake City, has been completed. Located at 575 South 300 West, the project features state-of-the-art amenities and a prime location.
Post District Resid...
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• AZ Spec Industrial Facility Traded in $81.7 Mil Transaction
5/24/23
A Cohen Asset Management Inc affiliate acquired a newly constructed, 599.5k sf Class A industrial building in Glendale, AZ in an $81.7 mil ($136/sf) transaction. It was sold by US Capital Development.
The facility, known as ...
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• Food for the Hungry Takes 30k sf at Renaissance Square in Phoenix
5/22/23
International humanitarian organization Food for the Hungry has completed a lease at Renaissance Square that will consolidate its three downtown Phoenix office locations into a single global corporate headquarters, occupying ...
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• Albuquerque Res Community Lands $45 Mil Freddie Mac Refi
5/19/23
Union 505 Apartments, a 572-unit residential community in Albuquerque, NM, was refinanced with a new loan for $45.5 mil. The property is located at 801 Locust Place NE.
The community offers studio, loft, one- and two-bedroom...
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• Rockefeller Group Purchases Seven Acres in North Las Vegas for Industrial Development
5/19/23
Rockefeller Group has purchased seven acres of land in the North Las Vegas area of Clark County, NV for the development of two speculative industrial buildings totaling 145.6k sf. The land was sold by R A Plaza LLC for $8.5 ...
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• Goodyear, AZ Multifamily Property Refinanced with $41.6 Mil Freddie Mac Loan
5/18/23
Lunaire Apartments, a 240-unit res community in Goodyear, AZ, landed new financing of $41.6 mil. The property is located at 949 S. Goodyear Blvd, just south of I-10, within the Phoenix MSA. It is owned by 29th Street Capital....
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• Lowe’s Leases 78k sf at Spec Industrial Project in Texas
5/18/23
Landmark Companies is currently in the pre-lease phase of Landmark at the Meadows, a Class A industrial warehouse project under development in Mesquite, TX, a suburb of the Dallas/Fort Worth area. The two-building speculative...
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• Cypress West Partners Buys 30k sf AZ Medical Office Building
5/17/23
Cypress West Partners purchased a 30k sf, single-story medical office building in Mesa, AZ. The 100% vacant building, located at 6309 East Baywood, was sold by a group of local physicians who originally developed the building...
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• Davlyn Investments Closes $67 Mil Res Buy in Las Vegas
5/16/23
Davlyn Investments closed on the purchase of Spectrum, a 252-unit, luxury multi-family community in Las Vegas, for $67 mil, or $265.9k/unit. The property was sold by The Bascom Group, who acquired the asset in late 2016 for $...
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• EverWest Real Estate Investors Picks Up 195k sf Industrial Property in Denver’s North Central Submarket
5/11/23
EverWest Real Estate Investors has purchased Central Connection in Denver’s popular North Central infill submarket from a joint venture of Comunale Properties and institutional investors advised by J.P. Morgan Asset Managemen...
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• Vegas Warehouse Facility Sells for $190/sf
5/10/23
A 19.5k sf industrial warehouse in Las Vegas traded for $3.7 mil, or $190/sf. The property, located at 3020 S. Valley View, was acquired by Next Century Rebar LLC.
The property was built in 1970 and is situated within the We...
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• Denver Area Res Asset Lands $65 Mil in New Financing
5/09/23
Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
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• Perkins Coie Leases 31k sf Phoenix Office Space
5/09/23
Perkins Coie, a Seattle-based law firm, has signed a long-term lease for a new 31k sf office location in Phoenix. The firm’s new space is at Camelback Esplanade, a Class A project located at 2525 East Camelback Rd in central ...
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• Magma Equities and Macquarie Asset Management Entity Buy 285-Unit TX Multifamily Property
5/09/23
Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, TX, was acquired by Magma Equities and a global real estate fund managed by Macquarie Asset Management. The propert...
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• Mark IV Capital Looking to Grow Its Industrial Presence in Five States
5/08/23
Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developm...
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• Greystar Real Estate Partners Starts Work on AZ Industrial Park
5/05/23
Greystar Real Estate Partners has broken ground on Caliber by Greystar, a three-building, Class A industrial park in Peoria, AZ. The project is the first element to break ground at Greystar’s Peoria Place, a $500 mil mixed-us...
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• Ferguson Enterprises Leases New 135k sf Industrial Facility in Thornton, CO
5/05/23
Ferguson Enterprises has signed a long-term lease for a full 135k sf building at 25 North, a 70-acre master-planned industrial development in Thornton, CO. The facility is part of the project’s Phase II, currently under const...
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• Commercial Real Estate Financing Briefs
5/04/23
TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
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