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• Harrison Development Closes Value-Add Industrial Buy in Arizona
11/01/17
Harrison Development L.L.C. has taken advantage of a value-add investment opportunity within Arizona’s Casa Grande industrial market, having paid $13.6 mil for Central Arizona Distribution Center, a 581k sf building that is c...
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• CBRE Global Investors Buys 175k sf AZ Industrial Asset
10/31/17
CBRE Global Investors has acquired Tempe Logistics Center, a 175.3k sf industrial building located in the Southeast Valley submarket of Phoenix, on behalf of Allstate, as part of its investment portfolio. The asset is fully l...
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• Bascom Arizona Ventures Spends $148 Mil on Over 700 Units in Scottsdale
10/30/17
Bascom Arizona Ventures has acquired two AZ luxury apartment communities totaling 724 units for $148 mil, or $204.4k per unit. Located in the highly desirable Kierland master-planned community of North Scottsdale, the proper...
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• Harbor Associates and Goldman Sachs Spend $17.6 Mil on Historic Building in Downtown Denver
10/26/17
Harbor Associates LLC has acquired a 115k sf, historic commercial building in downtown Denver for $17.64 mil ($153/sf) in an off-market, all-cash deal. The property, located at 821 17th St, at the corner with Champa St, consi...
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• Phoenix Res Asset Picked Up for $55k/Unit
10/26/17
Courtyard at Encanto, a 160-unit multifamily property in Phoenix, sold for $8.8 mil, or $55k/unit. The property is located at 2322 West Thomas Rd.
The garden-style apartment community consists of studio and one-bedroom floor...
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• Nevada Retail Property Fetches $21.5 Mil
10/25/17
Green Valley Town Center, a 194.8k sf mixed-use center in Henderson, NV, sold for $21.5 mil ($110/sf). The property, purchased by Henderson Town Center LLC, is part of a regional real estate portfolio being sold by American ...
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• Multifamily Property at the Foot of Vail Ski Resort Lands New $21.8 Mil Fannie Mae Loan
10/25/17
Gorman & Company Inc has refinanced Lion’s Ridge Apartment Homes, a 114-unit multifamily property at the foot of Vail Ski Resort in Vail, CO. The $21.75 mil Fannie Mae loan was structured by Walker & Dunlop Inc.
Lion’s Ridge...
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• Phoenix Industrial Portfolio at 100% Occupancy After Latest Signing
10/24/17
Reywest Commerce Center, a two-building, $18.7 mil Phoenix industrial portfolio purchased by Colony NorthStar in May, has achieved 100% occupancy in less than four months, thanks to a final lease for 58.3k sf with retail secu...
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• International Appetite for U.S. Industrial Real Estate Surges
10/23/17
Strong fundamentals, the growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S., according to the latest research from CBRE.
Foreign investors ha...
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• Drury Development Corp Picks Up Arlington, TX Site for Hotel
10/20/17
Drury Development Corp acquired a 9.24-acre, mixed-use, zoned tract of land in Arlington, TX for development of a full-service hotel. The project, located west of the Lincoln Square retail center, will include a 268-room Drur...
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• Equus Capital Partners and iStar Inc Pay $53 Mil for AZ Office Asset
10/20/17
In a recent office campus buy in Arizona, a venture between Equus Capital Partners and iStar Inc purchased McDowell Mountain Business Park, a 255.6k sf property in Scottsdale, for $53.15 mil ($208/sf). McDowell Mountain Busin...
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• Two Phoenix Retail Properties Sell in Deals Totaling $3.4 Mil
10/19/17
Two north Phoenix retail buildings traded hands in recent deals totaling $3.4 mil. The two single-tenant, free-standing buildings, with a combined 21.5k sf of space, were sold by MCR Dunlap LLC. They were 100% occupied at the...
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• AZ Home Depot Property Acquired for $11.7 Mil
10/18/17
Realty Income Properties has purchased the 107.7k sf Home Depot at Hayden Plaza in Phoenix for $11.76 mil, or $109/sf. Located on the northwest corner of Cave Creek Rd and Cactus Rd, The Home Depot is a highly visible site si...
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• AZ Res Property Traded for $11k/Unit
10/18/17
Tempe Vista, a 186-unit apartment communityin Tempe, AZ, was purchased by Denver-based Capital Real Estate LLC for $20.5 mil ($110.2k/unit). The property, located at 2045 E. Broadway Rd, was sold by Phoenix-based 2045 Broadwa...
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• Utah Retail Center Trades for $33 Mil
10/17/17
Red Rock Commons, a fully occupied 134.2k sf retail center in Saint George, UT, traded hands for $33.2 mil ($247/sf). Some of the center’s tenants include Dick’s Sporting Goods, Old Navy, Petsmart, Ulta Salon and The Gap.
Bu...
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• Colorado Retail Center Sells for $48 Mil
10/13/17
Hutensky Capital Partners III LLC paid $48 mil for Northglenn Marketplace, a 439k sf, community center in Northglenn, CO, within the Denver MSA. Built in 1999 and located at 10578 Melody Dr, the center is situated on just ove...
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• High-End Denver Res Tower Fetches $649k per Unit
10/11/17
Steele Creek, a Denver multifamily property with 218 units, traded hands in a recent deal valued at $141.5 mil, or $649k per unit. The 12-story, ultra-luxury apartment community is located at 3222 East 1st Ave, in the city’s ...
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• Dallas Investor Buys AZ Retail Center
10/11/17
Dallas-based Covington Plaza LLC paid $10.2 mil for Covington Plaza, a Bashas’ grocery-anchored shopping center in Phoenix. The asset, located at the southeast corner of 7th St and Union Hills Dr, was sold by an entity formed...
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• Here’s the Skinny on Recent Slim Chickens Buy in Texas
10/10/17
Arkansas-based Frost Commercial LLC paid $3.35 mil for a recently developed, 3.8k sf ($882/sf) single-tenant retail property in the city of Helotes, a suburb of San Antonio, TX. The property is occupied by Slim Chickens, an e...
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• Vegas Office Campus Trades in $78 Mil Deal
10/05/17
In a sizable office investment buy out of Las Vegas, PCCP LLC and The Brookhollow Group teamed up in the purchase of Centra Point, a nine-building, Class A campus totaling 383.7k sf. The properties, located at 8311-8395 W. Su...
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