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December 9, 2023
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TEXAS/SOUTHWEST NEWS
Archive
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• Colorado Industrial Building sells for $195/sf
12/27/22
A 24.9k sf, freestanding industrial building located in the Gateway Business Park in Johnstown (Fort Collins), CO sold for $4.85 mil ($195/sf). The property is 100% leased to a single tenant, an undisclosed company in the Gas...
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• Commercial Real Estate Financing Briefs
12/23/22
Cushman & Wakefield -- Lovett Industrial has secured $23.26 mil in construction financing for Broadway Logistics Center, a 201.3k sf, best-in-class industrial project in northwest Denver. The property is located in the city’s...
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• Class 36k sf Industrial Facility Under Construction in Loveland, CO
12/22/22
Airpark North, a brand new Class A industrial project has broken ground in Loveland, CO. The 36k sf facility is owned and being developed by the master developer of Airpark, BH Developers, and a prominent GC, Evergreen Indust...
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• Logistics Plus Leases New 1.16 msf Facility in Arizona
12/22/22
In a big AZ industrial lease, Logistics Plus Inc signed a deal for a 1.16 msf building at the Sarival Logistics Center industrial development in Glendale. The building was constructed on a speculative basis and represents the...
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• Community Preservation Partners Spends $29 Mil on 143-Unit Multifamily Property in Aurora, CO
12/21/22
Community Preservation Partners’ (CPP) latest acquisition was of Windsor Court, a 143-unit res property in Aurora, CO, in a $29.3 mil deal. The three-story garden-style development offers one- and two-bedroom apartments desig...
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• Tucson Retail Center Goes for $225/sf
12/21/22
Silverbell Plaza, a 97.5k sf retail center in Tucson, AZ, sold for $22 mil, or $225/sf. The property is located at 2480-2500 N. Silverbell Rd and 2106-2180 W. Grant Rd. Situated on 8.45 acres, the property was 97% occupied a...
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• Maryland Firm Buys 13 Acres in Manor, Texas for Res Project
12/20/22
Maryland-based DD&B Construction purchased a 13.2-acre land parcel located at E Hwy 290 and Gregg Manor Rd in Manor, TX. The site is planned for an approximately 200-unit multifamily project with up to 20k sf of retail space....
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• The Bascom Group Picks Up 346-Unit Res Community in Houston
12/19/22
The Bascom Group has acquired Montierra, a 346-unit community in Houston. Built in 2003, Montierra is located at 2345 Sage Rd, in the city’s Uptown/Galleria submarket. The price was not disclosed. Developed by Sueba USA, kno...
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• New Multifamily Management Firm CloudTen Residential Opens Its Doors
12/16/22
CloudTen Residential, a newly launched multifamily management firm, is now open and operating a growing portfolio in Arizona, Nevada, Oregon and Washington. The company, headquartered in Reno, NV, currently has 130 employees....
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• Mosaic and Atlantic Jasper Building First Build-to-Rent Neighborhood in Northern Arizona Master-Planned Community
12/15/22
Mosaic and Atlantic Jasper have broken ground on The Flats at Jasper, a new build-to-rent (BTR) community within the nationally-recognized Jasper master-planned community in Prescott Valley, AZ. Atlantic Jasper, developer of ...
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• Citywide Commercial Real Estate Spends $7 Mil on Phoenix Industrial Portfolio
12/15/22
Phoenix-based Citywide Commercial Real Estate has acquired a five-building, 86.3k sf industrial portfolio within Thunderbird Business Park in Phoenix for $7 mil ($81/sf). The portfolio, located on just over seven acres at the...
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• Stos Partners Buys One Industrial Facility and Sells Another in Deals Totaling Almost $35 Mil
12/09/22
Stos Partners has closed two industrial deals totaling $34.85 mil. The transactions consist of an 86.7k sf acquisition in Escondido and an 82.5k sf disposition in Phoenix. The transactions bring the firm’s total 2022 deal vol...
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• Crescent Real Estate LLC Completes $180 Mil Disposition of 1 msf Colorado Springs Office Portfolio
12/08/22
Crescent Real Estate LLC has collected a total of $180 mil from the strategic disposition of a 1.02 msf, Class A office portfolio in Colorado Springs, CO to multiple buyers over the past four years. The portfolio comprises 13...
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• New Jersey Investor Spends $6.8 Mil on Phoenix Retail Property
12/08/22
Westridge Shopping Center, a 58.7k sf retail center in Phoenix, was acquired by Westridge Phoenix AZ LLC, a New Jersey-based investor, for $6.825 mil ($116/sf). The seller was DPM Westridge Shopping Center LLC. Located at 7...
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• Three-Building Utah Biz Campus Purchased by Hearthstone Capital
12/07/22
San Diego-based Hearthstone Capital Next Step has acquired Next Step Business Park, a three-building, 75.9k sf industrial park in Springville, UT. The property was sold by Regents Park Brixton LLC. Located at 317 N. 2000 W, ...
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• Vegas Industrial/Flex Building Sells for $319/sf
12/06/22
A 5.8k sf, concrete tilt-up industrial/flex commercial building in Las Vegas sold for $1.85 mil, or $319/sf. The building, located at 5040 West Post Rd, traded in a deal with an extremely short due diligence and closing perio...
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• 48-Acre Colorado Site Sells for Just Under $10 Mil
12/05/22
A 48-acre, multi-building and land parcel that is fully leased to SiteOne Landscape Supply LLC in Windsor, CO sold for $9.85 mil. The buyer was IA Windsor LLC. Located at 6166 Weld County Road 74 / Harmony Rd, the property p...
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• La-Z-Boy to Make Itself at Home at Colorado Biz Park
12/02/22
La-Z-Boy Incorporated signed a long-term lease for 66.7k sf of space in Building I of Ascent Commerce Center, a newly built spec Class A warehouse and distribution development in Commerce City, CO. Located at Tower Rd and Ea...
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• Colorado Mobile Home Park Purchased for $3.13 Mil by The Yampa Valley Housing Authority
12/02/22
Whitehaven mobile home park, a 28-lot mobile home park in Steamboat Springs, CO, was purchased for $3.125 mil by The Yampa Valley Housing Authority on behalf of the residents of Whitehaven. The acquisition marks the second ac...
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• Vici Properties Acquires Blackstone’s Interest in Two Hotels on the Vegas Strip
12/02/22
Blackstone Real Estate Income Trust Inc (BREIT) and VICI Properties Inc (VICI) have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and...
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