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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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• EastGroup Properties Inc Picks Up 519k sf AZ Industrial Park in $83 Mil Deal
1/13/25
In a notable AZ industrial trade, EastGroup Properties Inc paid $83 mil for Akimel Gateway, a 519.1k sf ($160/sf) industrial park in Chandler. The asset was sold by Trammell Crow Company (TCC) and CBRE IM.
Situated at 17500 ...
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• Arizona Industrial Portfolio Trades in Record-Setting $168 Mil Deal
1/10/25
Irvine-based CIP Real Estate acquired Broadway 101 Commerce Park, an 809.2k sf, Class A industrial park in Mesa, AZ for $168.3 mil ($208/sf). The multi-tenant park consists of 11 buildings on 53 acres.
We’re told the sale se...
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• Montecito Medical Real Estate Spends $30 Mil on AZ Medical Office Property
1/10/25
Montecito Medical Real Estate purchased Chandler Medical Pavilion, a fully leased outpatient medical building totaling 65.9k sf of space in Chandler, AZ. The property traded for $30 mil, or about $455/sf.
Chandler Medical Pa...
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• Tower 16 Capital Partners Buys 167-Unit Build-to-Rent Community in Phoenix
1/09/25
San Diego-based Tower 16 Capital Partners has acquired Yardly McDowell, a 167-unit, Build-to-Rent (“BTR”) multifamily property located in Phoenix’s West Valley, for $46.5 mil ($278.4k/unit). The purchase marks the firm’s nint...
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• Vegas Industrial Asset Picked Up in $12.5 Mil Deal
1/07/25
A private investor paid $12.5 mil for Edmond Russell Triangle, a 50.1k sf ($250/sf) industrial building in Las Vegas. The property, located at 5780 Edmond St, is fully occupied by Loomis U.S.
Chris Lexis, James Griffis and J...
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• Single-Tenant Salt Lake City Warehouse Trades
1/07/25
A freestanding 40.7k sf industrial warehouse with 2.25 acres of yard in Salt Lake City traded hands in an end of year deal. The price was not immediately disclosed.
Built in 2016 and located at 3255 West 500 South, the singl...
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• LaSalle Investment Management Buys 536k sf AZ Industrial Property
1/07/25
LaSalle Investment Management acquired Tempe Commerce Park, a five-building industrial complex totaling 536.1k sf of spaced in Tempe, AZ. Although the price was not given out, we hear that the property traded for about $112 m...
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• Industrial Asset in North Las Vegas Sells for $232/sf
1/07/25
A California investor purchased Cartier Industrial Center, a 74.7k sf industrial building in North Las Vegas, for $17.34 mil ($232/sf) in an off-market trade. The single-tenant building, located at 2635 Lamb Blvd, is fully oc...
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