|
• Rimkus Consulting Group Inks Long-Term Lease for 50k sf of Houston Office Space
4/22/24
Rimkus Consulting Group Inc has agreed to a long-term lease for 50.4k sf of office space in Houston. Located at 12140 Wickchester Lane, the 171.5k sf building formerly known as Woodbranch Plaza III, has been renamed as Rimkus...
|
• Phoenix Multifamily Property Comps at $194k/Unit
4/19/24
Arcadia Gardens, a 76-unit apartment community in Phoenix, traded hands in a recent $14.75 mil ($194k/unit) deal. Originally built in 1969 as a hotel, the property, located at 3101 N 32nd St, was readapted to multifamily use ...
|
• LBA Logistics Buys Third and Final Building at 1.26 msf Salt Lake City Industrial Development
4/19/24
LBA Logistics has purchased the third and final asset at Mountain View Industrial Park, a newly developed three-building, multi-phase warehouse/distribution project totaling approximately 1.26 msf in Salt Lake City. The lates...
|
• Phoenix Industrial Market Sees 10 msf of New Deliveries in the 1st Quarter 2024
4/18/24
This report provided by real estate services firm Avison Young
The first quarter of 2024 saw a whopping 10 msf of new industrial product come on the market in Phoenix, surpassing the previous quarter's figures. Over the past...
|
• Decron Properties Picks Up Res Community in $69 Mil Transaction
4/18/24
Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, AZ, for $69 mil.
The acquisition was the upleg of a 1031 exchange following the firm’s disposition of t...
|
• Commercial Real Estate Financing Briefs
4/18/24
GANTRY - Blake Hering and Crischell Bacarro with Gantry arranged a $40.5 mil permanent loan to retire construction financing for a recently completed and now stabilized Class A apartment project in Albany, OR. The 264-unit co...
|
• Cypress West Partners and TPG Angelo Gordon Form Joint Venture to Acquire Up to $300 Mil in Medical Office Properties
4/17/24
Cypress West Partners and TPG Angelo Gordon have formed a programmatic joint venture, which has the ability to acquire up to $300 mil in medical office assets across the Sunbelt region over the next two years. The venture wil...
|
• Partners Capital and CNR Retail to Convert Older Vegas-Area Office Complex into a Lifestyle Retail Center
4/17/24
Partners Capital and CNR Retail have finalized design plans to convert an aging 100k sf office complex in Las Vegas’ Green Valley Ranch neighborhood into an artisanal food-driven, open-air lifestyle retail center. The propert...
|
• Commencement Bank Inks Lease for New 18k sf HQ Space in Downtown Tacoma, WA
4/16/24
Commencement Bank signed a long-term lease for 18k sf of HQ space in downtown Tacoma, WA. The bank will relocate its existing headquarters from 1102 Commerce St to their new full floor space at 1313 Broadway. Terms of the dea...
|
• The Bascom Group Picks Up 72-Unit Senior Housing Property in Nevada
4/15/24
The Bascom Group LLC has acquired Homestead at Boulder City, a 72-unit, senior housing property in Boulder City, NV, for $3.05 mil ($42.4k/unit). Built in 1999, Homestead is located at 1401 Medical Park Dr, south of Adams Bl...
|
• Forefront Commercial Real Estate Buys 627k sf Industrial Portfolio in Dallas
4/12/24
Forefront Commercial Real Estate has purchased Dallas Infill Portfolio, a four-building, 627.3k sf industrial portfolio located within the Northwest Dallas submarket. The portfolio was 100% leased to 13 tenants at the time of...
|
• AZ Shopping Center Fetches $319/sf
4/11/24
Houston-based Whitestone REIT has purchased Scottsdale Commons, a Class A, 69.5k sf shopping center in Scottsdale, AZ, for $22.15 mil ($319/sf). The asset was sold by Trojan Development Associates III LLC, and Whitestone REIT...
|
• Endeavor Real Estate Group-Managed Fund Buys 120k sf TX Office Asset
4/11/24
Plaza on the Lake, a 120.8k sf office asset in Southwest Austin, was acquired by an entity affiliated with Endeavor Opportunity Partners III, a discretionary fund managed by Endeavor Real Estate Group. The price was not give...
|
• Commercial Real Estate Financing Briefs
4/09/24
GANTRY - Tony Kaufmann and Joe Foley with Gantry have arranged non-cross collateralized permanent loans totaling $30 mil for one sponsor to refinance two adjacent, Tempe, AZ industrial properties encompassing 298.3k sf of spa...
|
• Brookfield Properties has Started Work on 600k sf AZ Industrial Project
4/08/24
Brookfield Properties has begun work on Camelback 303 Logistics Center, a LEED-certified, two-building industrial development totaling 616.1k sf of space. The project is being built by Stevens-Leinweber Construction (SLC).
T...
|
• New 359-Unit Houston Res Development has Opened to the Public
4/05/24
The Laura, a new 359-unit apartment development in Houston, has opened to the public. The project is part of the first phase at Midway’s East River campus that is transforming Houston's waterfront east of downtown into a bust...
|
• Phoenix Office Rental Rates Rise, Despite Increasing Vacancy Rates
4/05/24
Market Highlights
• New availability rates continue to grow, currently at 21%.
• Leasing activity fell 35% YOY to 1.95M SF.
• Sales volume fell 8% YOY to 1.2M SF.
Market Drivers
• Leasing activity fell for the fourth conse...
|
• Texas Hotel Asset Refinanced with New First for $19.5 Mil
4/04/24
Valencia Hotel Group has obtained $19.5 mil of first mortgage debt to refinance the Texican Court hotel in Irving, TX.
The non-recourse five-year, fixed-rate loan was arranged by Sonnenblick-Eichner Company and funded by ...
|
• HPI Holdings Buys Houston Light Industrial Asset
4/04/24
Clay Crossing Business Center, a four-building, 222,8k sf light industrial property in Houston, was acquired by HPI Holdings II LLC. The price was not disclosed.
Built between 2000 and 2002, Clay Crossing features 16-foot t...
|
• Discover Financial Services Inks Expansion/Extension Lease for 47k sf in Phoenix
4/02/24
Discover Financial Services inked an expansion/extension lease for a total of 47k sf of office space at The Grove at Black Canyon, a Class A office building owned by Drawbridge Realty in Phoenix. The Grove at Black Canyon is ...
|
Return to the Texas/Southwest area
