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• Commercial Real Estate Financing Briefs
5/10/17
NORTHMARQ CAPITAL -- Gardiner Champlin and Marty Meagher with NorthMarq Capital arranged the $61.2 mil refinance of three garden apartment complexes totaling 488 units owned by a local private family office. The properties ar...
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• Borrower Refinances Four Multifamily Properties in the Dallas Area
5/09/17
Hunt Mortgage Group has provided Fannie Mae and Freddie Mac loans to refinance four multifamily properties located in the Dallas metropolitan statistical area. The loans were structured for the same sponsor and total $36.7 m...
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• Bell Partners Pays $78 Mil for 306-Unit Res Asset in Colorado
5/08/17
Bell Partners Inc, out of Greensboro, NC, has acquired Alta Cherry Hills, a Class AAA, 306-unit asset in the Denver suburb of Englewood, CO, for $78 mil ($255k/unit). The property occupies a 4.56-acre site at 3650 South Broad...
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• CO Hotel Property Sells for $9.7 Mil
5/08/17
Holiday Inn Express & Suites Gunnison, a 107-room hospitality property located in Gunnison, CO, sold for $9.72 mil, ($90.8k/room).
Holiday Inn Express & Suites Gunnison is located at 910 East Tomichi Ave, adjacent to Wester...
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• AZ Office Building Traded for $27.6 Mil
5/05/17
Gramercy Property Trust, in partnership with TPG, purchased of Nexus @ ASU Research Park, a 123.9k sf, Class A office building in Tempe, AZ for $27.6 mil, or $223/sf. The asset was sold by a joint venture between Phoenix-bas...
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• Sterling Organization Picks Up 175k sf Retail Center in Texas
5/03/17
Sterling Organization purchased Creekwalk Village, a 174.5k sf shopping center located in Plano, TX, for $24.5 mil, or $140/sf. The property was purchased from 29 Tenants in Common (“TIC”) owners via Sterling Organization’s i...
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• Transwestern Awarded Leasing Assignment for TX Office Property
5/02/17
The leasing assignment for Oak Park Office Center III, a 151k sf office property in Houston’s Westchase submarket, was awarded to Transwestern. The building, located at 6001 Rogerdale, is owned by111 Realty OPO LLC.
Oak Park...
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• TruAmerica Multifamily and Magnolia Real Estate Fund Pay $53 Mil for CO Res Property
5/02/17
TruAmerica Multifamily and Magnolia Real Estate Fund have acquired Fox Creek, a 287-unit apartment community in Thornton, CO, in an off-market transaction valued at $53 mil ($184.7k/unit). Fox Creek is the sixth multifamily ...
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• Arrimus Capital Acquires 465-Bed Student Housing Property in Texas
5/01/17
Newport Beach-based Arrimus Capital has acquired Campus Vue, a 465-bed, Class A student housing property adjacent to the University of Houston in Houston, TX. It was sold by Fountain Residential Properties. A price was not di...
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• Cornerstone Senior Living Spends $12.5 Mil on TX Assisted Living and Memory Care Facility
4/28/17
Cornerstone Senior Living purchased Three Forks of Forney, a Class A assisted living and memory care community in Forney, TX, for $12.5 mil. The 60-unit, 72-bed facility was sold by Healthcap Partners.
Three Forks of Forney ...
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• Vegas Retail Asset Sells in $7.9 Mil Deal
4/26/17
The Canzoneri Family Trust paid $7.85 mil for Sahara Rainbow Center, a 54.9k sf ($143/sf) retail center in Las Vegas. The property was sold by Ominet Sahara LLC.
The property is located at 2350 S. Rainbow Blvd, near the corn...
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• Tuscon Multifamily Property Trades for $91k/Unit
4/26/17
Casa Madera, an 80-unit res property in Tucson, AZ, sold for $7.3 mil, or $91.3k/unit. The property is located at 7374 North Mona Lisa Rd, north of Ina Rd and east of I-10.
Built in 1995, the property offers a mix of one-, t...
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• The Wolff Company Lands $55 Mil Loan on Recently Built CO Res Complex
4/21/17
Walker & Dunlop Inc originated a $55.4 mil interim loan on behalf of The Wolff Company for 8000 Uptown Apartments, a recently constructed Class A multifamily complex in Broomfield, CO. The transaction was funded through Walke...
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• Residential Townhome Project in Tempe, AZ to Get Underway with $8.6 Mil in Construction Money
4/18/17
Buchanan Street Partners closed an $8.6 mil loan for construction of The Roosevelt, a 32-unit residential townhome development in Tempe, AZ. The project, located at 225 South Roosevelt St in Tempe, will be developed by a join...
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• Multi-Tenant Retail Asset in Katy, TX Fetches $547/sf
4/18/17
A newly developed, 8.5k sf multi-tenant retail property within Grand Crossing, a mixed-use development in Katy, TX, has sold for $4.65 mil, or $547/sf. Built in 2016, the property is situated on two acres of land at 23641 Kat...
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• NewMark Merrill Companies Recapitalizes Two Retail Centers
4/14/17
NewMark Merrill Companies has completed recapitalizations totaling $26.6 mil of two of its retail centers. The transactions consisted of a $19.1 mil refi of Bristol Warner Village, located in Santa Ana, and a $7.5 mil refinan...
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• New Mexico Hotel Property Trades Hands in $4.35 Mil Sale
4/13/17
Ramada Las Cruces Hotel & Conference Center, a 114-room hospitality property located in Las Cruces, NM, sold for $4.35 mil ($38.2k/room). The property is located at 201 East University Ave, adjacent to Las Cruces Convention ...
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• Next Phase at West Dallas Development to Consist of 324-Unit Res Project
4/07/17
Stonelake Capital Partners has announced the latest development plans for Trinity Green, a $250 mil, 25-acre, urban residential district located along Singleton Ave in West Dallas. At full build-out, Trinity Green will includ...
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• Colorado Ski Resort Sells for $145 Mil
4/06/17
In a recent hospitality deal out of Colorado, Ashford Prime has purchased the Park Hyatt Resort & Spa, a 190-room property in Beaver Creek, for $145.5 mil. The asset, located at 136 E. Thomas Place, was sold by an internation...
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• Trio of AZ Self-Storage Properties Fetch $8.6 Mil
4/06/17
Business Property Trust has sold three self-storage facilities in Tempe, AZ for $8.6 mil. The three properties include: AA Bargain I & II Self-Storage Portfolio at 1700 E. Curry Road and 816 N. Scottsdale Road, and Tempe Bar...
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