| Alton Industries Buys 19 Acres in Henderson, NV
Alton Industries closed on the acquisition of an 18.93-acre land parcel located on Whitney Mesa Dr near Sunset Blvd and Mountain Vista St in Henderson, NV. The $13.6 mil transaction consisted of a land assemblage totaling thr...
| Pedcor Companies Picks Up 11 Acres in Buckeye, AZ for Development
Pedcor Companies purchased a 10.9-acre land parcel located in Buckeye, AZ for $7.93 mil. The site is within an opportunity zone and is slated for the development of a 204-unit garden-style multifamily project. Pedcor is an In...
| BKM Capital Partners and TerraCore Capital Buy 88k sf Vegas Industrial Property
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, has acquired Decatur Business Center in Las Vegas for $25.9 mil. The 88.2k sf ($294/sf) light industrial property was sold by Terry York Properties...
| Lincoln Property Company Starts Work on 1.59 msf Vegas-Area Industrial Development
Lincoln Property Company’s Southwest division, LPC Desert West, broke ground on Windsor Commerce Park, an eight-building, 86-acre Class A industrial project and LPC’s first-ever ground-up industrial endeavor in the state of N...
| Wood Partners to Develop 650-Unit Multifamily Project in Bastrop, TX
Atlanta-based Wood Partners picked up 26 acres of land in Texas for development of a 650-unit multifamily project. The site, located at Hwy 71 and FM 969 in Bastrop, is within a 75-acre mixed-use development by Pearl River Co...
| 575-Key Arizona Hotel Property Trades in $110 Mil Deal
Southwest Value Partners purchased JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort in Tucson, AZ, in a $110 mil transaction. The property, located at 3800 West Starr Pass Blvd, was sold by Fortress Investment Gro...
| Phoenix Office Market Slow, But Holding Up Better than Other Cities
This report provided by real estate services firm Avison Young
While office rental rates fell slightly for both class B and C buildings in Phoenix, average rents increased for class A space as demand for trophy office proper...
| New 250k sf Building Breaks Ground at SkyBridge Arizona Development in Mesa
Close on the heels of its 250k sf “Building 109” groundbreaking, SkyBridge Arizona has started construction on a second 250k sf building, “Building 108.” Together, the buildings bring the active Class A industrial constructio...
| Redcar Fund Management Closes Second Fund with $418 Mil in Equity Commitments
Redcar Fund Management has closed on Redcar Fund II (“Fund II”) with $418 mil in equity commitments. Through its successful debut Fund I, which closed in January 2020, Redcar acquired 15 assets which will total 1.4 msf upon c...
| Stockdale Capital Partners to Spend $20 Mil Converting Scottsdale Building to Life Sciences Facility
Stockdale Capital Partners plans to spend $20 mil on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, AZ into a fully lab-enabled life science facility. The renovation will also include seve...
| Trammell Crow Company and CBRE Investment Management Acquires 192 Acres in Mesa, AZ
Trammell Crow Company (TCC) and CBRE Investment Management have acquired a 192-acre development site in Mesa, AZ. The master site will be divided into ‘shovel-ready’ lots that will range from 12 acres, up to the full 192-acre...
| MG Properties Completes $67 Mil Res Buy in Colorado
MG Properties closed on the purchase of Ridge at Castle Rock Apartments, a 204-unit res community in Castle Rock, a Colorado town located south of downtown Denver, for $67.15 mil ($329k/unit). The property, formerly known as ...
| Echo Real Estate Capital Inc and Grandview Partners to Build 676k sf Spec Industrial Project in Arizona
Echo Real Estate Capital Inc and Grandview Partners plan to develop a 676.2k sf spec industrial project in Glendale, AZ to be called Northern Parkway Logistics Center. Construction of the project is being financed with a $53....
| Houston Office Market Fundamentals Remain Soft but Showing Signs of Improvement
This update provided by real estate services firm Avison Young
Houston’s economy is coming off a remarkable year with record job growth in 2022, but office market fundamentals remain soft, according to Avison Young’s just-re...
| IndiCap and Invesco Begin Construction of 1.5 msf Phoenix Area Industrial Project
IndiCap and Invesco have broken ground on Virgin Industrial Park, a five-building, 1.5 msf, Class A industrial project being constructed in the booming Loop 303 Corridor, in metro Phoenix’s West Valley.
Construction on Virg...
| Mesa, AZ Industrial Project Trades in $25 Mil Transaction
Libitzky Property Companies has acquired Gateway Technology Commerce Center, a two-building, 138.7k sf Class A industrial project in Mesa, AZ, for $25.4 mil ($183/sf). The property was sold by MIG Real Estate LLC.
| Brixton Capital Buys 144-Unit Apartment Community in San Antonio
Brixton Capital has acquired The Atlee, a 144-unit, 157.5k sf multifamily community in the Olmos Park submarket of San Antonio, TX. The price was not disclosed.
The Atlee, located at 402 Holland Ave, features premier interi...
| Legacy Partners and The Resmark Companies Break Ground on 336-Unit TX Apartment Project
Legacy Partners and joint venture partner The Resmark Companies have broken ground on Legacy Gateway, a new 336-residence apartment community coming to Forney, TX.
The 14-acre site for Legacy Gateway is located at 1205 Gat...
| Stonelake Capital Partners Completes $38 Mil AZ Industrial Buy
Stonelake Capital Partners has purchased a 249.9k sf, Class A industrial asset in Tolleson, AZ for $38.2 mil ($153/sf). Situated in Phoenix’s sought-after West Valley market, the property is 100% leased to Circle K, which ope...
| Cypress West Partners Starts Work on AZ Medical Office Building
Cypress West Partners has begun work on a 22k sf, Class A medical office development in Queen Creek, AZ. Located at the intersection of Signal Butte Rd and Ocottillo Rd, the new single-story building is just two miles south o...