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Principal Global Investors Buys State of the Art Logistics Facility in Salt Lake City 11/29/22 Principal Global Investors has acquired Pacific Summit Logistics Center, a recently completed, 824.3k sf industrial facility in Salt Lake City. The facility, located at 885 N John Cannon Dr, was built and sold by Pacific Indu...
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Schuman Companies Acquires 169k sf Loveland Outlets’ North Parcel for $15 Mil 11/28/22 Schuman Companies acquired the 169k sf Loveland Outlets’ north parcel in Loveland, CO in a $15 mil deal. The buyer, who plans to close on the south parcel at a later date, is repositioning the property into retail, office and...
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Phoenix Office Building Gets New Owner in $14.55 Mil Transaction 11/28/22 A joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties LLC paid $14.55 mil for a 42k sf ($346/sf) office building in Phoenix. Located at 6225 North 24th Street, the three-story building is...
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Prologis Buys Industrial Dev Site in Phoenix’ Deer Valley Area 11/23/22 Global industrial real estate leader Prologis has a 7.95-acre, infill land parcel in Phoenix for $8.65 mil. The site was sold in an off-market deal by Wadsworth Development.
The firm plans to develop two industrial building...
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Patriot Real Estate Holdings Buys 111k sf Class A Office Asset in Vegas 11/22/22 Nashville, TN-based Patriot Real Estate Holdings, in conjunction with Las Vegas-based Moonwater Capital, purchased Marnell Corporate Center V (“MCC5”), a 111k sf, five-story Class A office building in Las Vegas. Built in 2007...
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Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil 11/18/22 Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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Texas Res Project Lands $56 Mil in Financing 11/18/22 Construction of a new, 350-unit garden-style apartment complex in Bexar County, TX is set to move forward now that $56 mil of financing has been secured for the project. The financing covers 98.2% of the total cost of the pro...
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Gulfstream Aerospace Corp Leases 59k sf Hangar Space Adjacent to Phoenix-Mesa Gateway Airport 11/17/22 Georgia-based Gulfstream Aerospace Corp has inked a long-term lease for a 58.7k sf hangar space next to the Phoenix-Mesa Gateway Airport in Mesa, AZ. The facility is located at 6341 South Downwind Circle and is adjacent to th...
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CentrePoint Properties Spends $11 Mil on Colorado Shopping Center 11/15/22 Willow Run, a 91.6k sf shopping center in Westminster, CO, was acquired by CentrePoint Properties for $10.9 mil ($119/sf). The seller was Willow Run Investors, LLC, an entity operated by Gart Properties, who had purchased the...
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200-Unit Arizona Build-to-Rent Community Breaks Ground 11/14/22 Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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Phoenix Office Building Traded in $11 Mil Deal 11/11/22 Black Canyon Commerce Center – Building A, a 62.8k sf, multi-tenant office building in Phoenix, was acquired by Washington-based Evergreen Associates LLC for $11.2 mil, or $178/sf. Located at 2101 West Peoria Ave, the single-...
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Xcel Energy Acquires 10 Acres in Colorado for 40k sf Build-to-Suit 11/10/22 Xcel Energy acquired 10 acres at HighPoint Elevated, a 5 msf industrial park in development in Aurora, CO, from the project’s developers—Hyde Development and Mortenson—for $2.7 mil. Hyde and Mortenson will partner on the cons...
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Denver Res Community Fetches $378k/Unit 11/09/22 Corsican Apartments, an 82-unit high-rise multifamily community in Denver’s Cheesman Park neighborhood, sold for $31 mil ($378k/unit). Built in 1968, the property is located at 1330 Gaylord St.
Corsican has one- and two-bedr...
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Retail/Medical Center in Vegas Trades for $298/sf 11/09/22 Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.
Anc...
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Colorado Res Property Recapitalized in $32 Mil Deal 11/09/22 River Run Apartments, a 117-unit multifamily community in Avon, CO, was recapitalized in a $32 mil financing deal. The property, strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver ...
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Westport Properties to Develop New Industrial Facility in Henderson, NV 11/08/22 Westport Properties plans to develop a new, 81.5k sf industrial facility on a recently acquired land parcel in Henderson, NV. The company will begin construction in the first quarter of 2023.
The building, located at the cor...
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Prologis to Expand Aurora, CO Biz Park by an Additional 1 msf 11/08/22 Prologis Park 70, an existing 5.7 msf industrial park in Aurora, CO, will grow by nearly 1 msf following the acquisition of a 55-acre land parcel by park owner and developer Prologis.
Prologis plans to break ground on the ...
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Agora Realty and Management Starts Work on 29-Acre Mixed-Use Project in North Las Vegas 11/07/22 Agora Realty and Management has broken ground on a 29-acre mixed-use master-planned commercial district in the heart of downtown North Las Vegas. The redevelopment project, being called North Las Vegas Village, is strategical...
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Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver 11/04/22 Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
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Seven-Property Self-Storage Portfolio Traded 11/04/22 A seven-property self-storage portfolio in Arizona and Minnesota traded hands. The primarily Southwest and Midwest portfolio totals 606.2k sf sf of covered RV/Boat parking, and 20.4k sf of uncovered parking, totaling 5,890 un...
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