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• Denver Metro Office Market Moving Toward Stabilization
1/28/25
Real estate services firm CBRE recently released its Q4 2024 office and industrial figures for the Denver Metro area. Below is a quick summary of the highlights from each of the reports.
Denver Office Figures Q4 2024
The ...
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• Tower Capital Arranges $100 Mil in Construction Financing for Two Sunbelt BTR Developments
1/28/25
Tower Capital arranged nearly $100 mil in construction financing for the development of two build-to-rent (BTR) communities in Phoenix and Dallas, on behalf of two separate borrowers. Tower Capital’s Kyle McDonough, George Ma...
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• Rockefeller Group Finishes Work on North Las Vegas Industrial Project
1/27/25
Rockefeller Group has completed construction of Cheyenne Industrial Park, a two-building, 145.6k sf industrial complex in North Las Vegas. The project, located at 3130 N. Lamb Blvd and 4375 E. Cheyenne Ave, will accommodate i...
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• Cryogenic Industries Buys 58k sf Vegas Industrial Property
1/27/25
In a Las Vegas sale, Cryogenic Industries Inc paid $10.35 mil for a 58.2k sf ($178/sf) industrial building. The property sits on 2.86 acres at 4620 Eaker in North Las Vegas.
The facility features 50.5k sf of industrial wareh...
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• Grocery-Anchored Center in Phoenix Goes for $150/sf
1/24/25
In a recent shopping center trade out of Phoenix, Junam Enterprises Inc purchased Rancho Encanto, a 70.4k sf, grocery-anchored center, for $10.55 mil ($150/sf). The property is located at 3434 West Greenway Rd, just west of I...
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• Phoenix Class Multifamily Community Acquired by IMT Capital and an affiliate, IMT Residential
1/24/25
Marquis at Desert Ridge, a 370-unit Class A multifamily community located in the Desert Ridge neighborhood in north Phoenix, was acquired by IMT Capital, a Los Angeles-based privately held real estate investment firm, togethe...
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• New 420k sf AZ Industrial Facility Completed for Parts Town Unlimited
1/23/25
Illinois-based Parts Town Unlimited recently inked a lease for a new 420.5k sf industrial facility, at C|303 industrial park in Glendale, AZ. The state-of-the-art building was built by Phoenix-based Stevens-Leinweber Construc...
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• The Koll Company Buys 142k sf Industrial Facility in Aurora, CO
1/23/25
The Koll Company purchased the RK Mission Critical building in Aurora, CO in a $15.8 mil, all-cash deal. The 142.4k sf ($111/sf), single-tenant industrial building, honored as ‘The Outstanding Building of the Year’ by BOMA fo...
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• CapRock Partners Starts Work on Phase 2 of 3.4 msf AZ Spec Industrial Project
1/23/25
CapRock Partners has broken ground on CapRock West 202 Logistics Phase 2, the final phase of a 183-acre, 3.4 msf state-of-the-art speculative industrial development in the Southwest Phoenix submarket. Phase 2 will consist of ...
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• Colorado Medical Outpatient Building Trades
1/22/25
Longmont Medical Campus, a 104.4k sf medical outpatient building located at 1551 Professional Lane in Longmont, CO, traded hands. The price was not disclosed.
The two-story multi-tenant facility was originally built in 2002 ...
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• Erskine Property Group Spends $6.2 Mil on AZ Office/Flex Asset
1/22/25
In an Arizona office buy, Erskine Property Group LLC paid $6.2 mil for Arrowhead Professional Plaza, a 35.7k sf, ($174/sf) single-story office/flex building in Peoria. Located at 9051 W Kelton Lane, the multi-tenant building ...
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• Houston Office Market Sees Negative Absorption in Fourth Quarter 2024
1/21/25
This report provided by real estate services firm Avison Young
Houston’s office market experienced a setback in the fourth quarter of 2024, with total net absorption turning to negative 664k sf, erasing the gains in the prio...
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• Work Finished on 310-Unit AZ Res Development
1/21/25
Construction has been completed on Northbend, a 310-unit res development featuring three garden-style apartment buildings in Tempe, AZ. McShane Construction Company built the project on behalf of the developers, Banyan Reside...
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• Logisticus Group Leases New 483k sf Facility at Park303 in Glendale, AZ
1/20/25
Third party logistics firm Logisticus Group LLC has fully leased the 483.3k sf Phase 2 Building B at Park303 logistics park, a three-building, state-of-the-art industrial development by Lincoln Property Company in Glendale, A...
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• NexMetro Recapitalizes $300 Mil Build-to-Rent Portfolio
1/16/25
NexMetro Communities has recapitalized a $300 mil build-to-rent portfolio across Phoenix and Denver. The new financing structure includes $160 mil in insurance capital invested and managed by Blackstone, plus a preferred equi...
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• Phoenix Industrial Asset Bought for $27 Mil
1/16/25
A 188.1k sf manufacturing and distribution building in Phoenix sold for $27 mil ($144/sf). The buyer was i3 Interests. The asset was sold by Bailard, who purchased the building in September 2017 and has since completed its bu...
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• Vegas Retail Center Sells in $50 Mil Deal
1/15/25
Mountain’s Edge Marketplace, a 115k sf, neighborhood shopping center in Las Vegas, was acquired by an accomplished out-of-state investor for $50.3 mil, or $437 per square foot. The asset, shadow-anchored by Albertsons, is sit...
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• Private Investor Spends Over $7 Mil on Tempe, AZ Industrial Property
1/15/25
A 39.8k sf manufacturing and distribution industrial building in Tempe, AZ traded hands in a $7.3 mil ($183/sf) deal. The property is located at 1326 West Fairmont Drive.
The asset acquired is centrally located in Tempe, wit...
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• High Street Residential and Mitsui Fudosan America Start Work on 215-Unit Res Project in Scottsdale
1/15/25
High Street Residential (HSR) and JV partner Mitsui Fudosan America (MFA) have broken ground on a 215-unit, Class A, luxury residential community in Scottsdale, AZ. The project, which will have a formal name announced as cons...
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• Overton Moore Properties and Invesco Real Estate Begin Work on Three-Building AZ Industrial Project
1/13/25
Overton Moore Properties and Invesco Real Estate have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689k sf. on 35.5 acres at the former site of the Big Surf Water...
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