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• Arizona Industrial Project Secures $42.7 Mil in Construction Financing
2/02/23
SkyPlus Development Corp has obtained $42.7 mil in construction financing for two industrial buildings that will be part of Skybridge Arizona's master-planned development adjacent to the Phoenix-Mesa Gateway Airport in Mesa, ...
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• Avanti Residential and Trinity Investors Recapitalize Colorado Res Community
2/02/23
Avanti Residential has partnered with Trinity Investors in the $45 mil acquisition and recapitalization of Sunset Peak Apartment Homes, a 184-unit multi-family community located north of downtown Denver in Thornton, CO. The p...
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• Investor Pays $290/sf for Tempe Office Building
2/02/23
A 9.5k sf office building in Tempe traded hands in a $2.75 mil ($290/sf) transaction. The property, located at 2120 South McClintock Dr, south of East Broadway Rd on the corner of South McClintock Dr and East El Parquet Dr, w...
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• Trio of New Buildings Completed at 64-Acre Arizona Biz Park
2/01/23
Construction has been completed on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, AZ. The facil...
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• Anthem Development Lands $63 Mil in Joint Venture Equity and Debt for TX Res Development
2/01/23
Anthem Development has obtained $63 mil of joint venture equity and debt for the acquisition and development of Lofts iThirty, a planned 340-unit luxury multifamily property located on 10.4 acres at the Northwest corner of Br...
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• M&M Thrift Management Company Leases 19k sf at New CO Industrial Project
2/01/23
M&M Thrift Management Company LLC inked a 66-month lease for 19.2k sf of space within Elevation25, an under-development Class A industrial park located adjacent to Interstate 25 in Mead, CO. The project owner/developer is Sil...
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• Provender Partners and StepStone Real Estate Complete $158 mil Recapitalization of 1 msf Cold Storage Portfolio
2/01/23
Provender Partners (Provender) and StepStone Real Estate (SRE) have completed a $158 mil secondary and recapitalization of a 1 msf cold storage portfolio with assets in the high-growth industrial markets of: Oakland, CA; Las ...
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• AZ Industrial Building Gets new Owner in $4.5 Mil Trade
1/31/23
A 28.5k sf industrial building in Mesa, AZ sold for $4.5 mil, or $158/sf. The property, located at 1856 North Higley Rd, south of McKellips Rd, was purchased by an out-of-state private buyer completing a 1031 exchange.
The...
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• Toronto Entity Buys 108-Room AZ Hotel
1/31/23
Toronto-based Sun Valley Hotels LLC has acquired the 108-room La Quinta Inn & Suites hotel asset in Peoria, AZ. The property is located at 16321 N 83rd Ave, just east of Hwy 101.
La Quinta features a heated outdoor pool, fit...
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• Arizona Retail Center Trades for $289/sf
1/30/23
A private investor paid $31.1 mil for River Center, a 107.5k sf ($289/sf), Whole Foods-anchored, neighborhood retail center located in Tucson. The property was sold by First Washington Realty
The Class A property is 100%-le...
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• Copper State Bolt & Nut Leases 94k sf Industrial Facility in Phoenix
1/27/23
Copper State Bolt & Nut, a manufacturer and distributor of fasteners and related products in North America, has leased a 94.2k sf industrial/warehouse facility in Phoenix. Terms of the deal were not disclosed.
The property, ...
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• Work Finished on Class A Industrial Development in Mesa, AZ
1/26/23
Construction has been completed at Elliot Gateway, a four-building logistics development in Mesa, AZ. Developed by Trammell Crow Company and CBRE Investment Management, the Class A park sits on a 40.5-acre site at 9020 East E...
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• AZ Retail Center Traded for $237/sf
1/25/23
Red Mountain Plaza, a 69.3k sf Home Depot shadow-anchored retail shopping center in Mesa, AZ, traded hands in a $16.4 mil ($237/sf) deal.’ The property sits on approximately eight acres at the northwest corner of Power Rd and...
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• Owner/User Buys 115k sf Office Building in Allen, TX
1/24/23
Allen Office Center, a 115.2k sf office building in Allen, TX was purchased by Toruk LLC. Located at 805 S. Central Exwy, the two-story property was largely vacant at the time of sale but will soon be the corporate headquarte...
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• Zeitlin Capital Pays $22 Mil for Two-Building AZ Office Portfolio
1/24/23
In a recent AZ office deal, Zeitlin Capital purchased a 136.7k sf, multi-tenant Class A office portfolio in Chandler for $22 mil, or $161/sf. The properties were sold by Mass Equities.
The portfolio consists of two two-story...
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• Vegas Industrial Market Remains in Strong Demand
1/23/23
This year-end update was provided by real estate services firm Avison Young
Las Vegas’s quality industrial product remains in high demand, with rents increasing for the tenth consecutive year, according to Avison Young’s Fou...
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• MG Properties Picks Up 312-Unit Res Community in Vegas for $81 Mil
1/20/23
MG Properties has acquired Tribeca North Apartment Homes, a 312-unit res community in North Las Vegas, for $81 mil ($260k/unit). The property is located at 3825 Craig Crossing Dr, east of Hwy 95 and north of the Vegas Strip.
...
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• Flex/Office Building in Chandler, AZ Goes for $200/sf
1/19/23
Norte at Chandler, an 85.8k sf, multi-tenant Class A flex office building in Chandler, AZ, was acquired by United Realty M.T.A. for $17.2 mil, or approximately $200 per square foot. The asset consists of a freestanding single...
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• Barings Spends $42 Mil on Recently Developed AZ Industrial Facility
1/18/23
Barings has purchased a newly built, 197k sf Class A industrial project known as Warner Commerce Center in Tempe, AZ for $42.4 mil ($215/sf). The property sits on a 18-acre infill site at 1300 and 1330 W. Warner Rd.
The prop...
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• Las Vegas Medical Office Property Sells for $360/sf
1/18/23
A 10k sf, medical office property in Las Vegas traded for $3.6 mil, or $360/sf. Built in 2008, the property is located at 6070 South Fort Apache Rd.
The property features reserved, covered parking, a large waiting room, 12 e...
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