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• Stockdale Capital Partners Spends $32 Mil on Phoenix Area Medical Property Portfolio
2/14/24
Stockdale Capital Partners purchased a strategically located outpatient medical building portfolio totaling 80.3k sf in a $32 mil transaction. The portfolio consists of three Banner Health Centers located in the high-growth, ...
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• Arizona Mobile Home Park Project Lands $13 Mil Construction Loan
2/14/24
Victoria Farms, a to-be-built 305-pad mobile home park (MHP) community in Lake Havasu City, is closer to completion as the project’s developer has secured a new $13 mil construction loan for the development. Lake Havasu City,...
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• Gelt Venture Partners Buys 252 Units in Denver for $68 Mil
2/14/24
Gelt Venture Partners LLC (GVP) has acquired Allure Apartments, a 252-unit apartment property in Denver, for $68.25 mil ($271k/unit). The property is located at 1300 S. Willow St, on the northeast side of Hwy 83.
Built in 2...
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• EastGroup Properties Inc Buys 230k sf Vegas Biz Park From CapRock and Ares Management Real Estate in a $55 Mil Deal
2/13/24
EastGroup Properties Inc closed on the acquisition of Spanish Ridge Industrial Park, a 230.9k sf multi-tenant industrial property in Las Vegas, in a $54.8 mil ($237/sf) transaction. The property, consisting of three state-of-...
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• Utah PetSuites Building Trades for $5.3 Mil
2/13/24
A newly constructed, 11k sf property in Herriman, UT that is occupied by PetSuites traded for $5.34 mil ($485/sf). The property is situated on approximately 1.2 acres at 5116 Denali Park Dr.
The new PetSuites site opened in ...
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• Affiliates of Harbor Group International Close $132 Mil Purchase of Two Denver-Area Res Communities
2/09/24
Affiliates of Harbor Group International LLC purchased two multifamily communities in the metro Denver area totaling 434 units in a deal worth $132.5 mil ($305k/unit).
The sale included The Prospector Modern Apartments at ...
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• Las Vegas Office Building Acquired in $2.8 Mil Sale
2/09/24
An 18k sf, two-story office building in Las Vegas traded for $2.8 mil ($156/sf). Located at 6100 Elton Ave, the building can accommodate a variety of layout configurations, allowing an owner-user to occupy or a single or mult...
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• AZ Retail Center Gets New Owner in $8 Mil Deal
2/08/24
The Marketplace at Signal Butte, a 116.4k sf retail center in Mesa, AZ, sold for $8 mil ($69/sf). The property, built in 1997, currently houses seven tenants on triple net leases.
Located at 10623 East Main Street, Marketpla...
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• ViaWest Group Acquires 428k sf AZ Industrial Portfolio
2/08/24
ViaWest Group has completed the acquisition of a 428.4k sf industrial portfolio totaling 428,427 square feet in Gilbert, AZ. With average rents currently positioned 30% below market rates and an average of three years of rema...
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• Commercial Real Estate Financing Briefs
2/08/24
GEORGE SMITH PARTNERS – Steve Bram, David Pascale, Allison Higgins and Nick Rogers with George Smith Partners arranged $15.4 mil in bridge financing for a medical office building in Tarzana that recently underwent a $5 mil+ r...
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• Maricopa County Buys 94k sf Office Building in Phoenix
2/08/24
Elevate at Dunlap, a four-story, 93.7k sf single-tenant office building in Phoenix, was purchased by Maricopa County in an $11.3 mil ($120/sf) transaction. The center, located at 2233 West Dunlap Ave, was unoccupied at the ti...
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• MCA Realty Picks Up 70k sf Colorado Industrial Property
2/07/24
In a recent industrial buy out of Colorado, MCA Realty Inc paid $9.2 mil for Commerce Center I, a three-building 70.3k sf ($131/sf) industrial business park in Aurora. The property, located at 15200 East 33rd Place, 15250 Eas...
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• Remedy Medical Properties and Kayne Anderson Real Estate Buy Four-Property Medical Property Portfolio for $86 Mil
2/07/24
Remedy Medical Properties and Kayne Anderson Real Estate have acquired a collection of four mission-critical medical properties totalling over 181k sf located in Phoenix, AZ, Southern Florida and the Chicago area. The propert...
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• Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development
2/02/24
Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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• New Upscale Apartment Project in Phoenix Sells for $531k/Unit
2/01/24
ARCADIA VIEWS, a newly constructed 16-unit luxury apartment community in Phoenix, was acquired by a Las Vegas-based investment entity for $8.5 mil ($531k/unit). Built in 2023, the new Class A, eco-friendly multifamily develop...
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• Goldenrod Companies and Reserve Capital Partners Buy 300k sf Office Asset in Texas
1/31/24
Goldenrod Companies and Reserve Capital Partners acquired Collins Crossings, a 300.9k sf office building located along North Central Expressway in Richardson, TX. The price was not disclosed.
Collins Crossing is an 11-story,...
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• LA Investor Spends $9.5 Mil on Retail Center in North Las Vegas
1/31/24
A Los Angeles-based private investor paid $9.5 mil for Deer Springs Shoppes, a 28.2k sf ($337/sf) retail center in North Las Vegas. The three-building property, located at 640 and 680 E. Deer Springs, and 675 Dorrell Lane, is...
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• Phase One of New 200k sf CO Industrial Project is Fully Leased
1/30/24
Phase I of Elevation25, a two-building, 203.7k sf Class A industrial development situated on 12 acres in Mead, CO, is fully leased. Leanin’ Tree, an independent greeting card company, signed a 10-year, full-building lease tot...
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• BKM Capital Partners Buys 123k sf Denver Industrial Building
1/30/24
BKM Capital Partners has acquired West 6th Center, a 122.8k sf small-bay industrial building in Denver, for $10.75 mil ($87.50/sf). The facility is fully occupied by three companies.
BKM will invest $7 mil into a value-add r...
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• Newly Constructed 243k sf Industrial Facility in Salt Lake City Trades
1/30/24
A newly constructed, 243.2k sf Class A industrial building on just under 32 acres in Salt Lake City, UT was acquired by a global investment manager. The asset – Building C - comprises part of the new Mountain View Industrial ...
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