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• Colorado Office Sale is an Epic Deal
11/04/22
An affiliate of Boston-based Albany Road Real Estate Partners has acquired Epic One, a premier Class A office building totaling 146.1k sf in Colorado Springs, CO. The five-story multi-tenant asset was approximately 87% leased...
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• AZ Industrial Sales Comp Works Out to $159/sf
11/03/22
In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves a...
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• Berkeley Partners Spends $25.5 Mil on AZ Industrial Portfolio
11/01/22
San Francisco-based Berkeley Partners purchased a 156.1k sf, light industrial portfolio located in Phoenix and Chandler, AZ for $25.5 mil ($163/sf). The portfolio comprises three buildings and was 100% leased to four tenants ...
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• Sustained Demand and Insufficient New Supply Drive Lease Premiums to New Highs in Port Markets
11/01/22
CommercialEdge 3rd Quarter 2022 National Industrial Market Report
Written by:
Eliza Theiss, Yardi Systems
Key Takeaways:
• High demand continues to push prices up in the industrial sector, with September in-place rents nea...
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• Apartment Property in Denver’s Uptown Neighborhood Goes for $8.4 Mil
10/31/22
Uptown Terrace, a 34-unit apartment community in downtown Denver’s Uptown neighborhood, traded hands in an $8.4 mil ($247k/unit) deal. The asset was purchased by Quantum Capital, as part of a 1031 exchange using out-of-state ...
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• Phoenix Office Building Trades for Over $9 Mil
10/31/22
Goodyear Financial Center, a 44.1k sf, multi-tenant office building in Goodyear, AZ, was purchased by a Seattle-based private investment entity for $9.2 mil ($209/sf). Located at 250 N Litchfield Rd in Phoenix’s West Valley ...
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• Westcore Closes $93 Mil Phoenix Industrial Buy
10/28/22
Westcore has acquired Central Logistics, a four-building, 1.09 msf industrial campus in the Central Phoenix area in a recent, $93.5 mil ($86/sf) transaction. The 24.9-acre asset was sold by Phoenix-based ViaWest Group.
Duri...
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• Seattle Investor Picks Up Retail/Creative Office Building in Phoenix
10/28/22
A Seattle-based investment company has purchased The Strip, a two-story, mixed-use, retail and creative office property in Phoenix, for $4.4 mil. Located at 4700 North 12th St, the multi-tenant development is 100% leased.
Th...
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• DB Capital Management Wraps Up $64 Mil Apartment Buy in Las Vegas
10/27/22
DB Capital Management closed on its first multifamily in Las Vegas, paying $64 mil for The Boulevard, a 296-unit apartment community located just 20 minutes from the Las Vegas Strip.
The Boulevard, which will be rebranded a...
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• Work Started on Affordable Housing Project in Hawaii
10/27/22
Work has begun on Kaulana Mahina Apartments, a 324-unit affordable housing project in Central Maui. The community is a development of a Legacy Partners-led venture that includes the AFL-CIO Building Investment Trust and other...
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• Work Completed on 300-Unit Res Project in Aurora, CO
10/27/22
Cypress Equity Investments (CEI) has completed construction on ‘Revel’, a 300-residence, transit-oriented apartment community in Aurora, CO. Located just off I-225 and within walking distance of the 2nd Ave and Abilene Statio...
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• FUSE Workspace Buys Austin Office Building
10/26/22
FUSE Workspace, a locally based coworking company, has purchased a newly developed, 19.5k sf office building in Austin, TX. Located in the Dripping Springs submarket at 7710 N FM 620 13-D in Austin, TX, the asset is part of t...
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• Salt Lake City Industrial Market Still Going Strong
10/26/22
Salt Lake City Economic Overview – 3rd Quarter 2022
This report provided by Cushman & Wakefield
Economic Overview
Nonfarm employment grew by 23,000 jobs or +3.0% year-over-year (YOY) from August 2021 through August 2022, ...
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• Two Multifamily Properties in Tucson Trade to New Owner in $65 Mil Deal
10/26/22
A portfolio of two multifamily assets in Tucson, AZ totaling 459 units was acquired by an unnamed investor for $65.15 mil, or $142k/unit. The assets were sold by San Diego-based Tower 16 Capital Partners.
Both assets receive...
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• California’s Inland Empire Home to Nation’s “Youngest” Warehouse Inventory
10/25/22
This report provided by CBRE
The advanced age of U.S. warehouses – 43 years on average – is continuing to spur record construction activity as big e-commerce and retail distributors demand larger, more modern facilities, acc...
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• Denver’s Office Market Looking at a Slow Recovery, While the Industrial Sector Remains Strong
10/24/22
This update provided by real estate services firm Avison Young
Denver’s office market recovery continues to be in line with peer cities regarding return-to-work. The area’s office utilization rate sits at roughly 57% as of ...
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• Magma Equities and Walker & Dunlop Investment Partners Close on 820-Unit Texas Multifamily Purchase
10/19/22
Magma Equities, in its first joint venture with Walker & Dunlop Investment Partners, has acquired a two-property, 820-unit suburban value-add multifamily portfolio in Texas from Moody National Companies in an off-market trans...
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• Investor Pays $427/sf for Colorado Medical Office Building
10/19/22
Park Meadows Medical Center, a multi-tenant, 34.7k sf medical office building with a surgery center in Lone Tree, CO, sold for $14.8 mil ($427/sf) in an off-market transaction.
Located at 9218 Kimmer Dr, the three-story buil...
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• Local Investor Buys Texas Office Building
10/19/22
Heritage Premier, a 48.3k sf office building in McKinney, TX, was acquired by a local private investor. located at 1575 Heritage Drive in McKinney, TX. The three-story property, located at 1575 Heritage Dr, was 95% occupied b...
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• ViaWest Group Starts Work on 173k sf Spec Warehouse in Salt Lake City
10/18/22
ViaWest Group has broken ground on a new 172.8k sf Class A spec warehouse building in Salt Lake City, UT. Known as 5 South Commerce Center, the new development is scheduled for completion in the second quarter of 2023.
Marki...
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