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• Armstrong Capital Development Buys 22k sf Phoenix Retail Asset
3/11/25
Denver-based Armstrong Capital Development acquired Arcadia Court, a fully-leased, 22.2k sf infill shopping center with a drive-thru pad in Phoenix, for $9.65 mil ($435/sf). The property is located at 2303 N 44th St, in the c...
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• Mark IV Capital Starts Work on Second Phase at 4,300-Acre NV Industrial Project
3/11/25
Mark IV Capital has begun work on the second phase at Victory Logistics District, a 4,300-acre industrial development in Fernley, NV. The multi-phase project has nearly 2 msf of Class A distribution space completed to date an...
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• Echo Real Estate Capital Picks Up 70k sf Denver Medical Office Property
3/10/25
Echo Real Estate Capital acquired Rampart Medical Campus, a 70.6k sf, two-building portfolio of medical outpatient buildings in Denver. The price was not given out.
The buildings are located at 125 and 130 Rampart Way in Den...
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• DWG Capital Partners Buys 79k sf TX Industrial Campus
3/10/25
DWG Capital Partners has acquired a 78.6k sf, 27.8-acre industrial manufacturing campus in Cameron, TX via a sale-leaseback transaction with The Butler Weldments Corporation. The price was not disclosed.
Privately held Butle...
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• AZ Office Campus Trades Between Private Investors in $23.5 Mil Deal
3/07/25
The Forum at Gilbert Ranch, a 97k sf, Class A office campus in Gilbert, AZ, was acquired by a private high-net-worth 1031 investor in a recent $23.48 mil ($242/sf) deal. The property sits on 6.56 acres at 1472, 1482, 1528, an...
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• AZ Industrial Facility Trades for $16.8 Mil
3/06/25
An 82.3k sf industrial facility in Tempe, AZ sold for $16.8 mil, or $204/sf. The property was sold by Diversified Healthcare Trust.
Built in 1981, the infill property sits on 5.33 acres along Priest Drive at 1415 West Third ...
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• Commercial Real Estate Financing Briefs
3/05/25
SLATT CAPITAL - Makenzie W. Campbell, John Darrow and Dominic Sestito with Slatt Capital arranged financing for the Villas at Bella Vista, a 43-unit Build-to-Rent (BTR) townhome project recently constructed in San Antonio, Te...
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• Owner/User Spends $14.4 Mil on Tempe, AZ Commercial Building
3/05/25
A 75.3k sf building in Tempe, AZ was purchased by SIN 360 Dental in a $14.4 mil transaction. A 40.9k sf back-office space within the building has been converted to 20k sf of office space and 20.9k sf of air-conditioned wareho...
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• CBRE Opens New Arizona Office
2/28/25
Real estate services firm CBRE has just opened a new office in Tucson, AZ. The company will be relocating from its long-time location off North Campbell Ave to its new space at 2502 East River Rd, just east of Campbell Ave.
...
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• Vegas Industrial Building Goes for $277/sf
2/27/25
A 28.4k sf industrial property in Las Vegas traded in a recent deal worth $7.875 mil, or $277/sf. The property is located at 3670 West Oquendo Rd, just west of I-15 and Harry Reid International Airport.
The highly secure bui...
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• Work Finished on Spec Suite Project at AZ Office Campus
2/27/25
Vero Capital has completed the construction of five spec suites at INISIO at Kierland, a two-building, 240.4k sf office campus located at 16430 N. Scottdale Rd and 16260 N. 71st in Scottsdale, AZ. Additionally, the firm has s...
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• LBA Logistics Buys 220k sf Industrial Facility in Glendale, AZ
2/26/25
LBA Logistics has acquired Echo Park 303 – Building A, a newly built, 220.2k sf Class A industrial building on 13.7 acres in Glendale, AZ. The structure is 100% leased to HubStarr Logistics.
Situated in Phoenix’s booming Loo...
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• BH Properties Closes on 374k sf Texas Biz Park Buy
2/26/25
BH Properties has purchased Legacy R&D, a 374.1k sf, business park situated in the thriving Legacy submarket of Plano. The price was not disclosed.
Legacy R&D, a seven-building business campus, occupies a prime 40-acre site ...
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• Salt Lake City Office Tower Sees 78k sf of Lease Signings in 2024
2/26/25
Second + State, a 13-story, 203.6k sf Class A office building in downtown Salt Lake City, UT, saw over 78k sf of lease signings by 10 tenants during 2024. The property is owned by KBS.
The newly signed tenants include: Squi...
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• AZ Portfolio Refinanced with Five Loans Totaling $24 Mil
2/24/25
A five-property portfolio of stabilized assets in Phoenix, Gilbert and Tempe, AZ was refinanced with a series of permanent loans totaling $24 mil. The portfolio includes a Phoenix office building that is 100%-leased to a stat...
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• Ryan Plummer Rejoins Newmark as Executive Managing Director of the Firm’s Private Capital Group
2/21/25
Ryan Plummer has joined real estate services firm Newmark as Executive Managing Director of the company’s growing Private Capital Group. Plummer rejoins Newmark to play a key role in advancing the firm’s advisory services for...
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• NexMetro Portfolio of Eight Assets Recapitalized with $66 Mil of Preferred Equity and $206 Mil of Agency Money
2/21/25
A portfolio of eight NexMetro assets has been recapitalized with Stockbridge investing $65.9 mil of preferred equity along with existing assumable agency financing of $206 mil. The transaction allows NexMetro to return capita...
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• Continental Realty Group Entity Pays $230k/Unit for AZ Res Community
2/19/25
Copper Point Apartments, a 107-unit multifamily community in Mesa, AZ, was purchased for $24.65 mil ($230.4k/unit) by Continental Realty Group, through its subsidiary Continental Realty Assets Ltd ("CRA"), a Denver-based mult...
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• MAG Capital Partners Buys Phoenix Industrial Building
2/19/25
MAG Capital Partners has purchased a 40k sf industrial building in Phoenix that is fully occupied by tenants Sunrun and Kaboomracks. The infill property sits on 3.14 acres at 2848 Sweetwater Ave.
The property is in the north...
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• Commercial Real Estate Financing Briefs
2/17/25
JLL CAPITAL MARKETS -- Jason Carlos with JLL Capital Markets arranged a $16.5 mil senior loan for Sterling Grove, a newly constructed Safeway-anchored retail center in Surprise, AZ. Developed in 2023 by Common Bond Developmen...
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