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• Commercial Real Estate Financing Briefs
5/31/24
CBRE CAPITAL MARKETS - Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE's Capital Markets Debt and Structured Finance team secured a $44 mil refi loan on Queen Creek Commerce...
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• Florida Investor Exchanges into Two Texas Brakes Plus Properties
5/31/24
Two single-tenant net-leased properties occupied by Brakes Plus in North Richland Hills and Killeen, Texas, traded hands in separate transactions. They were both acquired by a Florida-based private 1031 exchange investor.
On...
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• TruAmerica Picks Up 288-Unit Res Community in Ogden, UT
5/31/24
TruAmerica Multifamily has acquired The Falls at Canyon Rim, a 288-unit multifamily property located in South Ogden, UT, approximately 25 miles north of Salt Lake City. The price was not immediately given out.
The Falls at C...
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• Younan Properties Buys Phoenix Office High-Rise in $25 Mil Transaction
5/30/24
A 350k sf, high-rise office building in the heart of Midtown Phoenix was acquired by Younan Properties in a $24.5 mil ($70/sf) transaction. The property, 3200 Central, is fully renovated and offers new ownership an immediate ...
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• Vegas Area Office Property Fetches $570/sf
5/30/24
A 4.2k sf, single-story office building in Las Vegas traded hands in a recent $2.4 mil ($571/sf) transaction. The property’s existing floor plan provides exceptional efficiency and flexibility for a variety of uses.
The buil...
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• Anthem Development and ATX Acquisitions Team Up in Dallas Res Buy
5/30/24
A strategic joint venture partnership between Anthem Development and ATX Acquisitions has acquired Eleven600 Apartments, a 216-unit apartment building located at 11600 Audelia Road in Dallas, TX. The price was not disclosed.
...
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• CapRock Partners Acquires 244k sf Industrial Asset in Mesa, AZ
5/29/24
CapRock Partners has purchased Longbow Industrial Park, a new two-building, Class A industrial complex totaling 244.3k sf in Mesa, AZ. The 14.5-acre property was sold by a private investor.
Longbow Industrial Park is an effi...
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• Commercial Real Estate Financing Briefs
5/28/24
CBRE CAPITAL MARKETS - Mark McGovern, Brian Cruz, Morgon Fraser and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a $22.65 mil refi loan on Fiesta Plaza, a 187.3k sf, grocery-anchored retail...
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• Cardinal Group Buys 204-Unit University of Oklahoma Student Housing Property
5/28/24
Denver-based Cardinal Group has purchased The Flats at Norman, a 204-unit, 612-bed student housing asset in Norman, OK. The property, located at 730 Stinson St, is a prominent residence serving students at the University of O...
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• Midway’s East River Receives 2024 Scenic Star Award by Scenic Houston
5/23/24
Midway’s East River has been awarded the prestigious 2024 Scenic Star Award by Scenic Houston. This accolade recognizes East River's commitment to enhancing the visual quality of Houston's public spaces through innovative and...
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• Tempe Res Development Finishes Construction
5/23/24
Vero, a 199-unit, seven-story multifamily development in Tempe, AZ, has been completed. The project, located at 651 E. 6th St. in Tempe’s Novus Innovation Corridor, was developed by Transwestern Development Company (TDC®) and...
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• Denver Golf Club Acquired by NY-Based LCP Group
5/21/24
Green Valley Ranch Golf Club, a high-end, daily fee facility situated in northeast Denver, has traded hands. The buyer was LCP Group, a White Plains, NY-based real estate investment manager and advisor.
Built in 2001, Green ...
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• AZ Office Property Gets New Owner in $5.4 Mil Deal
5/17/24
A Class A, two-story 31.4k sf office building in Glendale, AZ sold for $5.375 mil ($171/sf). The freestanding building was vacant at time of sale.
Located at 5656 W Talavi Blvd, the property is situated in a dense urban infi...
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• Rockefeller Group Starts Work on Two Build-to-Rent Communities in Phoenix
5/15/24
Rockefeller Group has broken ground on Corsica Villas, two build-to-rent (BTR) communities totaling 152 townhomes in South Phoenix, the company’s first BTR communities in Arizona. Rockefeller Group has selected Mosaic, the na...
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• Newly Constructed AZ Logistics Center Sold in Two Deals Totaling $118.6 Mil
5/14/24
Tucson Commerce Center, a collection of three brand new Class A industrial/logistics buildings totaling 806.6k sf on approximately 47.5 acres in Tucson, AZ, traded hands in two deals with separate buyers totaling $118.65 mil ...
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• Time Equities Inc Buys 145-Unit Student Housing Asset in Huntsville, TX
5/14/24
Time Equities Inc has acquired The Armory, a student housing property located near Sam Houston State University (SHSU) in Huntsville, TX. The property, which features 145 units and 502 beds, was sold by Stonemont Financial, a...
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• Hines and Trez Capital Start Work on 600-Acre Master-Planned Community in Texas
5/14/24
Hines and Trez Capital have broken ground on Northspur, a 700-acre master-planned community located east of Dallas in the city of Terrell, TX. Northspur will consist of approximately 1,500 single-family homes with a variety o...
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• Hines and Clearwater Living Senior Housing Fund V Team Up with an Institutional Partner to Recapitalize and Rebrand a Luxury Senior Living Facility in Houston
5/13/24
Hines, Clearwater Living Senior Housing Fund V (a Clearwater Living investment vehicle) and an institutional investor have formed a joint venture to successfully recapitalize and rebrand Clearwater at The Heights in Houston. ...
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• Colorado Medical Office Building Gets New Owner
5/13/24
A Chicago-based institutional fund purchased Orchard Park Medical Center, a two-story, 75.6k sf medical office building in Westminster, CO, a suburb of Denver. The price was not disclosed.
Located at 14190 Orchard Pkwy, on t...
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• CA Investor Spends $4.2 Mil on Chick-fil-A Ground Lease in Arizona
5/13/24
The ground lease for a 4.5k sf, newly developed single-tenant property occupied by Chick-fil-A in Queen Creek, AZ traded for $4.22 mil. It was sold by a private developer.
Situated on 1.48 acres, the property recently opened...
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