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• CCRM Fertility Leases 20k sf at Austin, TX Class A Building
10/10/23
CCRM Fertility, a global pioneer in fertility treatment, research, and science, has signed a long-term lease for 20k sf at Drawbridge Realty’s newly completed Uplands Corporate Center II at 5301 Southwest Pkwy in Austin, TX. ...
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• Headwinds Persist in Phoenix Office Recovery
10/09/23
This report was provided by real estate services firm JLL
The latest numbers on the Phoenix office market as provided by the Phoenix Office of JLL point to a continued rise in negative net absorption and sublease inventory. ...
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• Commercial Real Estate Financing Briefs
10/06/23
NORTHMARQ - Northmarq’s Aaron Beck, Wyatt Campbell and Conor Freeman, in partnership with Mikee Anderson-Mitterling of Ballast CRE, secured a $46.5 mil refinance for Union Apartments, a 170-unit apartment community in Chula V...
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• Dallas Class A Office Property Sees Two New Lease Signings
10/05/23
There has been two lease signings totaling 38.5k sf of space at Providence Towers, a 524.1k sf, LEED Gold-certified Class A office building in Dallas, TX. The property, located at 5001 Spring Valley Rd, is owned by KBS, one o...
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• Retail Center in Aurora, CO Gets New Owner after $20 Mil Sale
10/04/23
Summer Valley Shopping Center, a 95.7k sf retail center located at the northeast corner of E Quincy Ave and S Buckley Rd in Aurora, CO, traded for $20.4 mil ($213/sf). Anchored by Vasa Fitness and Dollar Tree, the property is...
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• New Tempe Res Development 50% Leased at Completion
10/04/23
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has completed construction on Smith & Rio, a 310-unit residential community in Tempe, AZ. Located in Tempe’s vibrant downtown, just south of ...
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• AZ Medical Office Building Fetches $380/sf
10/03/23
In a recent medical office trade in Arizona, Hammes Partners paid $23.3 mil for Ironwood Medical Pavilion II, an on-campus, 61.3k sf foot ($380/sf) medical office building in Queen Creek, AZ, within Phoenix’s Southeast Valley...
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• Private Investment Entity Pays $10 Mil for Two Retail Assets in Colorado Springs
10/03/23
A private real estate trust acquired two retail properties in northern Colorado Springs, near the intersection of Interstate 25 and E. Woodmen Rd, for a combined price of $9.98 mil as part of a 1031 exchange. The properties w...
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• Vegas Area Office Building Lands New Owner in $21 Mil Trade
10/02/23
A 68.3k sf office building in the Summerlin neighborhood of Las Vegas traded hands in a recent $21.1 mil ($309/sf) transaction. The buyer was Tomchi Group LLC.
Located at 10750 W. Charleston Blvd, the two-story building, bui...
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• AHV Communities Completes New Built-to-Rent Development in San Antonio
10/02/23
AHV Communities has begun leasing at Frame Med Center, a new built-to-rent development in San Antonio. Designed with a Scandinavian Farmhouse aesthetic, Frame Med Center encompasses a collection of 174 duplex rental homes wit...
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• Moonstar Hospitality Buys 107-Key Asset in Phoenix for $18 Mil
9/29/23
Salt Lake City, UT-based Moonstar Hospitality LLC is the new owner of a 107-room Fairfield Inn & Suites by Marriott hotel asset in Phoenix after completing an $18 mil ($168k/unit) purchase of the property. The asset, located ...
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• Clark County Pays $8.6 Mil for 36k sf Building in Downtown Las Vegas
9/29/23
A 36k sf, quasi-retail/industrial building in downtown Las Vegas was acquired by Clark County in an $8.64 mil ($240/sf), full-price transaction. The property is located at 300 S. Martin Luther King Blvd, adjacent to the Las V...
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• CapRock Partners Buys 85 Acres in North Las Vegas for 1.48 msf Logistics Project
9/29/23
CapRock Partners acquired 85 acres of unimproved land in North Las Vegas for the future development of CapRock Highlander Logistics Center, a new Class A, LEED-certified logistics complex. The development will be comprised of...
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• DWG Capital Partners Acquires 73k sf AZ Industrial Facility for $10 Mil
9/28/23
DWG Capital Partners purchased a 72.8k sf manufacturing and distribution facility in Mesa, AZ for $10 mil ($137/sf) in a sale-leaseback transaction. The property, located at 260 S. Hibbert St, is fully occupied by custom engi...
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• Montana FedEx Ground Facility Trades as Part of a 1031 Exchange
9/28/23
A 200k sf, distribution center for FedEx Ground in Belgrade, MT was purchased for $47.7 mil by California Gateway, a private family entity as part of a 1031 exchange. The property, a build-to-suit development, is located at 2...
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• Community Preservation Partners Acquires Two Res Communities in Albuquerque, NM with Plans to Preserve their Affordable Housing Status
9/27/23
Community Preservation Partners (CPP) has purchased two developments in Albuquerque, NM for $22.3 mil, with plans to renovate and maintain them as affordable housing. The projects, Mountain View II and III, were built in 1967...
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• Rockefeller Group Picks Up 35 Acres in Thornton, CO for Industrial Project
9/27/23
Rockefeller Group has purchased a 35.6-acre parcel in Thornton, CO for the development of a three-building, 453.6k sf industrial park. The project – 25 Commerce Park - broke ground this week with completion expected in Q1 20...
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• ViaWest Group Lands $96.5 Mil in Construction Money for AZ Logistics Project
9/27/23
ViaWest Group has obtained $96.5 mil in construction financing for The Base, Phase I, a seven-building logistics development totalling 1.2 msf in Glendale, AZ. The financing was arranged by JLL Capital Markets and funded by b...
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• Single-Tenant Kohl’s Store in Texas Gets new Owner for $14.6 Mil
9/26/23
A 55k sf, single-tenant retail property occupied by Kohl’s in Katy, TX was acquired by an out-of-state 1031 exchange buyer for $14.65 mil ($266/sf). The property, located at 25735 Nelson Way, was sold prior to completion of c...
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• Martens Development Company Spends $19 Mil on 44 Acres in AZ for Industrial Development
9/26/23
Martens Development Company picked up a fully entitled 44-acre industrial development site in Mesa, AZ for $19.1 mil. The site, positioned at the southeast corner of Ellsworth Rd and Willis Rd.
Martens plans to build a new s...
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