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• Frontier Equity Buys 177k Office Building in Forth Worth
10/03/17
One Ridgmar Centre, a 177.2k sf, Class A office building in Fort Worth, TX, was purchased by Frontier Equity. The price was not disclosed.
One Ridgmar Centre is located at 6500 W. Fwy, in the Southwest Fort Worth office subm...
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• Nicola Crosby Spends Over $14 Mil on Phoenix Area Industrial Park
10/02/17
In a recent Phoenix industrial buy, Nicola Crosby purchased Pinnacle Peak Commerce Center, a 93.7k sf, state-of-the-art flex/industrial complex, for $14.2 mil ($152/sf). Pinnacle Peak Commerce Center is located at 23751 North...
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• Hines Breaks Ground on 250k sf Class A Office Project in Chandler, AZ
9/28/17
Hines has broken ground on the Offices at Chandler Viridian, a six-story, 250k sf Class A office building located at 3133 West Frye Rd, at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center in Chandler...
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• Bascom Arizona Ventures Spends $70 Mil on Over 800 Units in the State
9/27/17
Bascom Arizona Ventures has purchased a three-property, 812-unit portfolio of multifamily assets in Southern Arizona in a transaction valued at $70.2 mil. The properties are:
• Summit Vista, 288 units, Tucson
• Cres...
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• Clark County Department of Aviation Collects $28.3 Mil from the Sale of Two Commercial Assets
9/26/17
Clark County Department of Aviation recently sold two commercial properties in Las Vegas for a combined price of $28.3 mil. The assets were sold through Ten-X Commercial’s Live Bid transaction platform.
One of the sales was...
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• Multifamily community in Mesa, AZ Goes for $50k/Unit
9/26/17
Sonoran Palms, a 206-unit multifamily property in Mesa, AZ, traded hands for $10.3 mil, or $50k/unit. The property is located at 900 N. Country Club Dr.
Sonoran Palms consists of studio- and one-bedroom floorplans ranging fr...
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• Phoenix Industrial Building Traded in $16 Mil Transaction
9/26/17
Foster City-based Bailard purchased a 188.1k sf industrial building in Phoenix for $16.1 mil ($86/sf). The state-of-the-art industrial/flex building, situated on 11.3 acres at 7822 S. 46th St, is 100% leased to BAE Systems.
...
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• Robbins Electra Picks Up 344-Unit TX Res Asset
9/25/17
Robbins Electra purchased Pecan Springs, a 344-unit luxury multifamily property located in Northwest San Antonio, TX. The price was not disclosed.
The apartment complex is located near UTSA Blvd above the Interstate 10/Loop ...
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• Vegas Medical Office Property trades in $4.8 Mil Deal
9/22/17
Las Vegas Tech Center Plaza, a 57.9k sf medical office property in Las Vegas, sold for $4.75 mil ($82/sf).
The multi-building property is located at 2901-2931 N. Tenaya Way. It is situated across the street from Mountain Vi...
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• Vegas Office Building Traded in $13.75 Mil Deal
9/21/17
City Center West A, a 105.8k sf office property in Las Vegas, traded hands in a $13.75 mil ($130/sf) transaction. The buyer was RFII Acquisitions LLC.
The building is located at 7201 W. Lake Mead Blvd. It is adjacent to U.S...
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• AZ Industrial Portfolio Trades in $24 Mil Transaction
9/18/17
TA Realty paid $24.5 mil for a 266.6k sf ($92/sf) industrial portfolio in the AZ cities of Scottsdale, Arizona and Tempe. The portfolio, comprised of four industrial/flex assets, was sold by The Hewson Company.
The propertie...
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• Historic Medical Office Property in Phoenix Trades in Recent $5 Mil Deal
9/15/17
Grunow Memorial Medical Center, a 51.2k sf, two-story medical office building in Phoenix, AZ, was acquired by Meridian in a recent $5 mil ($98/sf) deal. The building, located at 926 East McDowell Rd, was sold by PacVentures, ...
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• Barker Pacific Group Buys 307k sf AZ Office Property
9/14/17
A Barker Pacific Group entity closed on an Arizona office buy, paying $23 mil ($74/sf) for Mesa Financial Plaza, a 16-story, Class A office building located in the heart of the Fiesta District in Mesa. The asset was sold by M...
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• Former Sausage Factory Transformed into Creative Office and Retail Space
9/13/17
San Diego-based Pathfinder Partners LLC and Denver-based Winfield Partners LLC have completed $7.4 mil in renovations to the historic Gold Star Sausage Co factory. The property is located at 28th and Walnut Streets in the hea...
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• DiNapoli Capital Partners Buys 400 Res Units in Las Vegas
9/12/17
DiNapoli Capital Partners has obtained $44.6 mil in acquisition financing for the recent purchase of The Palms at Peccole Ranch Apartment Homes, a 404-unit, garden-style apartment community in Las Vegas. The property is locat...
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• KB Homes, Lennar Homes and Meritage Homes Buy 61 Acres at Marbella Ranch in Glendale, AZ
9/07/17
Three national home builders -- KB Homes, Lennar Homes and Meritage Homes -- purchased 61 acres at Marbella Ranch in Glendale, AZ for $5.19 mil. The site located at the northwest corner of El Mirage Rd and Glendale Ave, was s...
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• Vegas Retail Center Trades for $41 Mil
9/05/17
McCarran Marketplace, a 585.2k sf shopping center in Las Vegas, sold for $41 mil. The property is located at 5825 S Eastern Ave, south of Russell Rd and adjacent to the east side of McCarran International Airport.
McCarran M...
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• CO Investor Spends Over $30 Mil on Two Denver Multifamily Properties
9/05/17
Jeff Sanders, a Boulder-based investor with Mountain View Capital LLC, acquired two Denver-area multifamily properties with a combined 429 units in deals totaling $30.9 mil ($72k/unit).
One of the properties, Coronado Crossi...
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• Tempe Res Property Trades in $25 Mil Deal
9/01/17
An entity formed by Laguna Point Properties LLC paid $25.7 mil for Anzio Apartment Homes, a 240-unit ($107k/unit), Class B multifamily property in Tempe, AZ. The asset, located at 1330 West Broadway Rd, was sold by WWC VII LL...
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• IPT Acquisitions Pays $10.7 Mil for AZ Distribution Facility
8/31/17
Denver-based IPT Acquisitions LLC paid $10.75 mil for a 91.2k sf ($118/sf) logistics center in Paradise Valley, AZ. The property, located at 550 E. Elliot Rd, was sold by Globe Management Company.
The state-of-the-art, last ...
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