|
• Colorado Investment Entity Acquires 1,154 Res Units in Texas
5/10/18
A Colorado-based investment group purchased a three-property multifamily portfolio totaling 1,154 units in Lubbock, TX. The price was not disclosed.
The properties in the portfolio are:
• Dominion Apartments -- a gated, 260...
|
• Former Sausage Factory Sells for over $300/sf
5/10/18
The historic Gold Star Sausage Factory building, a five-building, 48k sf former factory property in the heart of Denver’s emerging River North (RiNo) district, was acquired by an unnamed investor for $14.85 mil ($309/sf). The...
|
• Second Phase Completed at 276-Unit Westminster, CO Res Development
5/10/18
Phase II of Legacy on the Promenade, a multi-phase, 276-unit residential project in Westminster, CO, has been completed. The 37 finished units that comprise Phase II have an average size of 923 sf.
This phase also features ...
|
• Private Investor Buys Single-Tenant Industrial Asset in Texas
5/09/18
A private investor from San Francisco paid $5.63 mil for a 96k sf ($59/sf) industrial property in San Antonio, TX. The buyer had sold a Walgreens-occupied property in Texas to trade into this well-located industrial building ...
|
• Las Vegas Office Building Sells for $13.5 Mil
5/09/18
A 41.2k sf office property in Las Vegas sold in a recent transaction worth $13.5 mil, or $328/sf. The property, located at 11500 Southern Highlands Pkwy, was purchased by Tokyo-based ASO Nevada LLC.
Southern Highlands Prepar...
|
• Brixton Capital Buys 216-Unit TX Res Asset
5/07/18
Brixton Capital purchased the Sawgrass Apartments, a 216-unit multifamily property in Corpus Christi, TX. The property, located at 6301 Meadowvista Dr, marks Brixton’s second acquisition of 2018. The price was not disclosed.
...
|
• Unique Entertainment Project Breaks Ground in Las Vegas
5/04/18
Work has begun on AREA15, a new retail, art and entertainment complex set to open in late 2019. AREA15, a joint venture between real estate development firm Fisher Brothers and creative agency Beneville Studios, both of New Y...
|
• Transwestern Awarded 6.5 msf Management Assignmen
5/04/18
Washington Capital Management, on behalf of its client, has selected Transwestern to provide property management and project/construction management services for nearly 6.5 msf of office and industrial assignments in Southern...
|
• AZ Resort Refinanced with $63.5 Mil Loan
5/04/18
Scottsdale Plaza Resort, a 404-room, full-service resort hotel in Scottsdale, AZ, was refinanced with a new $63.5 mil loan.
Owned and operated by the borrower, Scottsdale Plaza Resort LLC, since it opened in 1976, the Scott...
|
• Phoenix Res Property Traded at $123k/Unit
5/02/18
Rincon Partners has purchased Madison Grove, a 171-unit, Class A multifamily complex in Phoenix, AZ, for $21.45 mil ($122.8k/unit). The property, located at 7045 N. 7th St, also features a resort-style pool, state-of-the-art ...
|
• Ursa Major Technologies Inks Lease for HQ Space in Colorado
4/30/18
Ursa Major Technologies has signed a long-term lease for 15k sf to anchor Mass Equities Inc’s (MEQ) first building at, “Park 4040,” MEQ’s new, creative flex/office park in Frederick, CO. Located at 4040 Salazar Way, fronting ...
|
• Commercial Real Estate Financing Briefs
4/27/18
GREYSTONE - Simon Herrmann, Todd Vitzthum, and Cody Field with Greystone has provided a $28.5 mil Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento, CA. Located at 7826 Center Pkwy, Carmel Pointe is a gar...
|
• L5 Investments, MLA Properties and BH Equities Team Up in 360-Unit Phoenix Multifamily
4/26/18
Cielo Apartments, a 360-unit apartment community in Phoenix, was acquired for $27.2 mil ($75.6k/unit) by a partnership between L5 Investments, MLA Properties and BH Equities. The complex was 91% occupied at the time of closin...
|
• Venture Pays Over $5 Mil for Res Development Site in Midtown Phoenix
4/24/18
A venture between Las Vegas-based Fore Property Co and HQ Capital in New York City, has acquired a 1.98-acre, transit-oriented development site in midtown Phoenix for $5.15 mil. The site is located on Central Ave between Colu...
|
• Utah Jack in the Box Sells for $682/sf
4/23/18
A 3.3k sf, single-tenant retail property in Utah that is NNN-leased to a Jack in the Box franchisee sold for $2.25 mil, or $682/sf. The buyer was a NoCal-based private investor completing the upleg of a 1031 exchange.
Built ...
|
• 190-Room CO Hotel Trades for $11 Mil
4/19/18
Denver's Best Inn & Suites, a 190-room hospitality property located in Denver, sold for $11 mil, or about $58k/room. The property is located at 4590 Quebec St, about eight miles from downtown Denver.
Denver's Best Inn & Sui...
|
• Mostly Vacant AZ Office Property Sells for $69/sf
4/18/18
One Camelback, an 11-story, 203.1k sf office property in Phoenix, traded hands in a recent $14 mil ($69/sf) transaction. The property was almost vacant, with just 3.4% occupancy, at the time of sale. It was acquired by six te...
|
• AZ Assisted Living Facility Refinanced with $17 Mil in Freddie Mac Money
4/18/18
American Care Concepts has obtained a $17 mil Freddie Mac loan for American Orchards, a community offering assisted living and memory care services in Gilbert, AZ.
Completed in June 2016, American Orchards consists of two di...
|
• Investor Spends $48 Mil for 209k sf of Office Space in Las Vegas
4/17/18
Four office buildings totaling 209k sf of space in Las Vegas sold for a price of $47.9 mil ($229/sf). The buildings are located at 1120-1180 N. Town Center Dr, between Canyon Run Drive and Covington Cross Dr.
Charles Moore, ...
|
• Samsung Relocating to Over 200k sf in Plano, TX
4/16/18
Samsung Electronics America Inc has signed a lease for 216k sf at Legacy Central in Plano, TX. The firm will relocate its Richardson headquarters to fully occupy Building 4, located at 6625 Declaration Ave, within the Legacy ...
|
Return to the Texas/Southwest area
