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• Community Preservation Partners Picks Up Great Falls, MT Res Community with Plans to Renovate and Maintain as Affordable Housing
7/10/24
CPP (Community Preservation Partners) has acquired Elmore Roberts, a 60-unit multifamily property in Great Falls, MT, with plans renovate the asset and maintain it as an affordable housing project. Located at 6 6th Stre...
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• CapRock Partners Buys 700k sf Industrial Warehouse in the Reno, NV Area
7/09/24
CapRock Partners has acquired 3200 USA Parkway, a 707k sf, cross-dock industrial warehouse in Sparks, NV. The Class A distribution building is within the Tahoe-Reno Industrial Center ("TRIC"), a premier industrial park within...
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• The Haagen Company Refinances AZ Power Center with New Loan for $29 Mil
7/08/24
The Haagen Company obtained a $29.2 mil permanent loan to refinance Goodyear Centerpointe, a 320k sf retail power center in Goodyear, AZ, a suburb of Phoenix. The center, located at 15277-15475 W. McDowell Rd, features an inl...
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• Houston’s Trophy Office Assets Leading Recovery with Strong Absorption Gains
7/08/24
This report provided by real estate services firm Avison Young
Avison Young’s just released Second Quarter 2024 Office Market Report for Houston shows office market fundamentals are slowly improving as the top end of the mar...
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• High-End Denver Res Community Sells for $640k/Unit
7/05/24
Epp & Sons Inc has acquired One19 Cherry Creek, a 36-unit multifamily community in Denver, in a $23.05 mil transaction. That works out to a price of $640k per unit for the high-end res project.
Located at 119 S. Harrison St ...
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• RXR and Korman Communities Acquire New 400-Unit Luxury Res Development in Phoenix
7/02/24
A venture between RXR and Korman Communities acquired The Blake, a 400-unit luxury multifamily community in Phoenix. The property was sold by a venture between StreetLights Residential and an affiliate of RED Development.
Th...
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• DXD Capital Unveils 794-Unit Self Storage Facility in Las Vegas
7/01/24
DXD Capital, a self storage private equity investor, has opened a brand new, Class A, climate-controlled storage facility in Las Vegas. The facility has 794 individual storage units totaling 73.3k sf of space.
Located at 754...
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• TruAmerica Multifamily Picks Up 234-Unit Vegas Area Apartment Project
6/28/24
TruAmerica Multifamily has purchased Parkway Townhomes, a 234-townhome property in Henderson, NV. The asset, located 2675 Windmill Pkwy, marks TruAmerica's 15th active property in the Las Vegas MSA.
Built in 1995, Parkway T...
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• Mill Creek Residential Buys 290-Unit TX Res Community
6/28/24
Boca Raton-based Mill Creek Residential acquired The Park on Brodie Lane, a 290-unit multifamily asset located at 6607 Brodie Lane in Austin, TX. The price was not disclosed.
Situated across 39 acres, The Park on Brodie Lan...
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• Schnitzer Properties Starts Work on 295k sf Industrial Project in Goodyear, AZ
6/28/24
Portland-based Schnitzer Properties has started construction on Palm Valley Commerce Center, a 294.8k sf, Class A industrial project in Goodyear, AZ. Located at Auto Drive and 137th Ave in the rapidly expanding Phoenix-Goodye...
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• Salt Lake City Office Tower Sees Jump in Lease Signings in First Half of 2024
6/27/24
One Seventy South Main, a 16-story Class A office tower totaling 260.3k sf in the heart of downtown Salt Lake City, UT, has seen a jump in recent leasing activity with four new signings for a combined 34.5k sf of space in the...
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• Nexstar Homes Buys 40-Acre Development Site in Phoenix
6/24/24
Nexstar Homes paid $4 mil for a 40-acre development site in Phoenix in an off-market transaction. The property is located at the northwest corner to south of the southwest corner of 7th St and Carefree Hwy.
The site is one o...
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• Stos Partners Spends $4.4 Mil on Phoenix Industrial Property
6/24/24
Stos Partners has acquired a 35k sf industrial complex in Phoenix for $4.45 mil ($127/sf). The asset sits on 1.45 acres at 2325 W. Cypress St.
The property is situated near the interchange of the I-10 and I-17 Freeways, prov...
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• 400-Unit Phoenix Res Development Lands $120 Mil in Construction Money
6/24/24
VeLa Development Partners has obtained $120 mil in construction financing for the development of Ray Phoenix, a 401-unit, 26-story multi-family residential building located in downtown Phoenix. The financing was arranged by J...
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• Lincoln Property Boosts Amenities at New AZ Office Project to Better Meet Current Tenant Needs
6/21/24
Lincoln Property Company plans to include an expanded amenity package and move-in-ready speculative office space at Union Building One, the first of four Class A office buildings they are developing in partnership with Harvar...
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• Portfolio of Six Gas Stations in Las Vegas and Phoenix Fetches $39 Mil
6/21/24
LV Petroleum LLC has sold a portfolio of six gas station properties in the Phoenix and Las Vegas metros to separate buyers in deals totaling $39 mil. The seller will lease-back all of the properties with 20-year, absolute tri...
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• Colorado Springs Multifamily Trade Comps at $146k/Unit
6/20/24
Cottonwood Creek Apartments, a 24-unit apartment community in Northeast Colorado Springs, CO, traded hands in a recent $3.5 mil ($145.8k/unit) deal. Located at 1419-1431 Imperial Rd, the 18k sf garden apartment community is d...
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• Bob Mills Furniture Leases 114k sf TX Facility
6/20/24
Oklahoma-based retailer Bob Mills Furniture has signed a new, long-term lease for a 114.4k sf facility at Schertz Corporate Center in Schertz, TX. The property, located at 17975 IH-35 N, will serve as a both a distribution wa...
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• Texas TXB Store Property Sells for $1,400/sf
6/19/24
A Virginia-based 1031 exchange buyer paid $9.11 mil for a 6.5k sf ($1,400/sf), newly developed convenience store property in Texas occupied by TXB. The property was sold by a Southeastern U.S.-based private developer.
Situat...
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• Denver-Boulder Ranks in Top 25 US Markets Across Three Subsectors of Life Sciences Industry Talent
6/18/24
This report provided by real estate services firm CBRE
Denver-Boulder ranks in the top 25 markets for life sciences talent in all three industry segments measured in CBRE’s annual U.S. Life Sciences Talent Trends report. The...
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