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• Security Properties Acquires 256 Res Units in Henderson, NV
12/12/17
Security Properties purchased Martinique Bay, a 256-unit multifamily property located in Henderson, NV for $42.75 mil, or $167k/unit. With this deal, Security Pacific owns six assets totaling nearly 1,800 units in the Las Veg...
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• Denver Walgreens Property Sells for $6 Mil
12/08/17
Denver-based Governors Park Lofts LLC paid $6.05 mil for a 15k sf ($403/sf), freestanding retail property NNN-leased to Walgreens in Northglenn, CO, a city 20 miles north of downtown Denver.
Built in 2001, the property is si...
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• AZ Apartment Property Gets a New Owner after $34 Mil Transaction
12/08/17
Mission Springs, a 306-unit apartment community in Tempe, AZ, has traded in a recent $33.8 mil ($110.5k/unit) deal. The property, located at 1311 W. Baseline Rd, was purchased by 29th Street Management II LLC.
Built in 198...
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• Work is Underway on New Res Community for Active Adults in Denver
12/06/17
Avenida Partners LLC has begun construction of a new, 230-unit service-enriched rental community for active adults age 55 and better in the metro Denver. The project, Avenida Lakewood, is located just six miles from downtown ...
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• Equity Awards Office Leasing Assignment for The HC |Hughes Center® to CBRE
12/04/17
Equity Office has awarded the office leasing assignment for The HC |Hughes Center®, a 68-acre master-planned office campus in Las Vegas, to CBRE, with a team that includes Darren Lemmon, Amy Lance and Justin Witt. The asset ...
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• TX Res Community Lands New Financing of $33.4 Mil
12/04/17
MC Companies has secured a new $33.45 mil loan for The Place at Castle Hills, a 680-unit apartment community the company owns in Suburban San Antonio, TX. The Freddie Mac financing was arranged by Walker & Dunlop.
Located 13...
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• Trio of Nevada Office Assts Trade in Two Deals Totaling $37 Mil
11/30/17
Three high quality office buildings totaling 172.5k sf that comprise the Green Valley Corporate Center—North complex in Henderson, NV were sold in two separate investment transactions totaling $37.05 mil. The assets, which co...
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• Salt Lake City DHL Facility Refinanced with $3.75 Mil Loan
11/27/17
Preferred Investments has obtained $3.75 mil in financing on DHL Salt Lake City, a Class B, single-tenant industrial warehouse located in Salt Lake City, UT.
The 6.19k sf property sits on just over four acres of land, which ...
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• Menlo Equities Lands $64.5 Mil in Financing on TX Office Campus
11/21/17
Menlo Equities has obtained $64.45 mil in financing for Amber Oaks, a 543.5k sf, nine-building, Class A office campus in Austin, TX. The campus is 93% leased to tenants including Oracle, Office Depot, AECOM and Toshiba Americ...
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• New 200-Room Hotel Planned at Arizona Center in Downtown Phoenix
11/20/17
A new, 200-room AC Hotel by Marriott is planned for Arizona Center, a Class A, mixed-use property at 3rd St and Van Buren in downtown Phoenix. Arizona Center was acquired by a venture of Parallel Capital Partners and Angelo, ...
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• Pathfinder Partners Adds 140 Units to Its Denver Area Res Portfolio
11/20/17
San Diego-based Pathfinder Partners recently closed on its seventh Denver-area multifamily buy, paying $22 mil for Quail Ridge Apartments, a 140-unit ($157k/unit) multifamily community in Thornton. The property, located at 50...
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• LBA Realty has Gone Crackers
11/20/17
LBA Realty has purchased Mary’s Gone Crackers headquarters, a 423k sf, Class A manufacturing and distribution center in Reno, NV, for $29.5 mil ($70/sf). The asset was sold by CP Logistics NVCC Building A2 LLC, a joint ventur...
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• Two CO Multifamily Properties Trade in Deals Totaling Over $23 Mil
11/17/17
Two Colorado multifamily properties totaling 148 units sold in separate deals for a combined price of $23.2 mil. Tom Wanberg and John Blackshire with Transwestern represented the sellers in both transactions.
In one of the t...
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• Mass Equities Buys Development Site in Denver’s RiNo District
11/16/17
Mass Equities Inc (MEQ) has acquired a Denver development site in the city’s River North Arts District (RiNo). The purchase consists of 7.8 acres of land, including two existing buildings totaling over 219k sf of space. MEQ’s...
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• Hines to Develop Upscale Res Project with San Antonio’s The RIM
11/08/17
Hines will develop a four-story, 380k sf luxury multifamily project within The RIM retail power center in San Antonio. The development will be Hines' first multifamily project in San Antonio and its eighth in Texas.
Loca...
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• Las Vegas Res Asset Goes for $19 Mil
11/08/17
A 208-unit multifamily property in Las Vegas, sold for $19 mil ($91.3k/unit). Built in 1981, the property is located at 5400 S Maryland Pkwy, east of I-15 and McCarran International Airport, just south of Tropicana Ave.
The ...
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• Northstar Commercial Partners and Red Starr Investments to Develop 315k sf Warehouse Project in Broomfield, CO
11/07/17
Northstar Commercial Partners (NCP) has teamed up with Red Starr Investments to redevelop 800 Hoyt Street in Broomfield, CO into a $37 mil Class A industrial property. The new project is slated to consist of two warehouse bui...
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• UPS Leases 360k sf Distribution Facility in Aurora, CO
11/06/17
United Parcel Service Inc agreed to a 10-year lease for an entire 360k sf facility in Aurora, CO. The lease – UPS’ first in Aurora – is expected to lead to more than 700 new jobs once the facility is fully operational in late...
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• Baron Properties Pays $19.6 Mil for Phoenix Res Property
11/06/17
In a recent AZ multifamily buy, Baron Properties purchased Capella Place, a 150-unit apartment property in Phoenix, for $19.6 mil ($130.5k/unit). Built in two phases in 1971 and 1985, Capella Place is located at 1212 Bethany...
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• GRDM Management to Sell Portfolio of 11 RV Resorts in Texas
11/02/17
GRDM Management has awarded the sales listing for a portfolio of 11 RV resorts to CBRE Capital Markets. Ten of the RV resorts are located throughout the Greater Houston area, and the remaining property is in San Antonio. An a...
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