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• EverWest Real Estate Partners and Independencia Asset Management Team Up in 262k sf Utah Office Buy
4/05/17
In a recent office sale out of Utah, a joint venture between EverWest Real Estate Partners and Independencia Asset Management has purchased South Towne Corporate Center, a two-building, Class A property totaling 262.2k sf in ...
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• Res Development Site in Downtown Phoenix Fetches $6.6 Mil
4/05/17
Clark Street Holdings LLC paid $6.62 mil for just over 1.3 acres of development land in the heart of downtown Phoenix. The buyer plans to use the land for a yet-to-be-named residential high-rise development project.
Located ...
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• Investor Utilizes $62 Mil in Fannie Mae Money for the Purchase of Two Multifamily Properties and the Refi of a Third Asset, All in Texas
4/05/17
Hunt Mortgage Group recently provided three Fannie Mae loans totaling $62.6 mil to the same borrower for the acquisition of two multifamily properties and the refi of a third property, all in Texas. The acquisitions are locat...
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• First Quarter 2017 Review of Phoenix Retail Market
4/04/17
The Phoenix retail market kicked off 2017 with strong leasing activity, rising net absorption, and steady rental rates, according to the latest research from real estate services firm Kidder Mathews. Total vacancy decreased b...
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• Phoenix Site Acquired for Assisted Living Facility Development
4/04/17
Dallas-based McFarlin Group paid $2.7 mil for a 6.87-acre land parcel in Phoenix for the development of a senior assisted living and memory care community. The fully entitled parcel is located at N. 91st Ave and W. Thomas Rd,...
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• Fort Worth, TX Deal Re-Cap
4/04/17
SALES
• Moorman Meador sold a 57.9k sf building at 2301 and 2351 S.E. Loop 820 and 5150 Campus Drive in Fort Worth to Cidema Three Limited Partnership. Todd Hawpe and Jeff Givens with Transwestern represented the seller.
•...
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• Hunt Mortgage Group Provides $21 Mil Fannie Mae Loan on AZ Res Community
4/03/17
Hunt Mortgage Group provided a $21.5 mil Fannie Mae loan to refinance a multifamily property located in Casa Grande, AZ. The property, Desert Sands Apartment Homes, is a 323-unit, garden-style complex located at 720 West O’Ne...
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• Two North Scottsdale Office Buildings Fetch Over $12 Mil
4/03/17
San Diego-based Heritage Partners picked up two North Scottsdale office buildings for $12.13 mil. The properties, located at 8322 E. Hartford Dr and 8324 E. Hartford Dr within the Perimeter Center business park, were sold by...
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• Hines Acquires 2.2 msf Underwood Distribution Center in LaPorte, TX
4/03/17
Hines has acquired Underwood Distribution Center, a Class A industrial park located in the heart of the Southeast submarket near the Port of Houston in LaPorte, TX, from BlackRock. Financials on the deal were not disclosed.
...
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• Rockies Lodging Capital Buys Two CO Hotel Properties
3/27/17
Colorado-based Rockies Lodging Capital has purchased a 113-room Residence Inn and 112-room Courtyard located at 1127 and 1200 Oakridge Drive in Fort Collins, CO. The price was not disclosed.
These strategically located Marri...
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• Investor Pays $17.5 Mil for Phoenix Multifamily Asset
3/23/17
Clarendon Park, a 138-unit apartment community in Phoenix, traded hands in a recent sale worth $17.5 mil, or $127k/unit. The property, located at 222 W. Clarendon Ave, was acquired by Phoenix-based Rincon Partners LLC.
Buil...
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• Vegas Multifamily Property Sells for $113k/Unit
3/17/17
Conejo Villas Apartment Homes, a 252-unit multifamily property in Las Vegas, traded hands for $28.5 mil, or $113k/unit. The property is located at 5060 W. Hacienda Ave, just west of Decatur Blvd.
Built in 1999, Conejo Villas...
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• Trojan Storage Spends $6.6 Mil on Burbank Property for Conversion to Self-Storage
3/15/17
Trojan Storage recently purchased a 40k sf industrial building on approximately 1.5 acres of land in Burbank with plans to convert the property into a self-storage facility. The firm paid $6.6 mil for the land, located at 101...
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• Greystone Arranges $37 Mil in Fannie Mae Refi Money on TX res Community
3/13/17
Southlake, TX-based Integrated Real Estate Group recently obtained $37 mil in Fannie Mae DUS® refinancing on Enclave at Westport, a 339-unit, Class A multifamily community in the Dallas / Fort Worth Metroplex area. The proper...
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• Walker & Dunlop Arranges $75 Mil in Freddie Mac Money on Four Res Properties
3/10/17
Walker & Dunlop Inc structured loans totaling $75.6 mil with Freddie Mac for four multifamily properties located in AZ and TX. The assets are all Class B, garden-style apartment complexes.
The portfolio’s four loans were str...
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• Security Properties Completes 342-Unit Multifamily Buy in Las Vegas
3/09/17
Security Properties purchased Orchard Club, a 342-unit affordable multifamily property in Las Vegas, for $27.2 mil, or $79.5k/unit. Orchard Club is a garden-style community comprised of a mixture of family and senior, income-...
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• Phoenix Res Property Traded in $12 Mil Deal
3/07/17
R&V Management Corporation purchased The Monarch, a 120-unit multifamily property in Phoenix, for $12.05 mil, or $100.4k/unit. The property is located at 77 West Coolidge St, in the highly sought after Uptown neighborhood in ...
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• BKM Capital Partners Picks Up 227k sf Phoenix Biz Park
3/07/17
BKM Capital Partners recently acquired Northwest Business Center, an 11-building, 227.6k sf multi-tenant light industrial business park in Phoenix, for $17.2 mil ($75/sf). Northwest Business Center is located at 2310-2440 Wes...
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• Hines Signs Two at Office Building in Denver’s LoDo Neighborhood
3/03/17
We’ve got two new leases to report at 1601 Wewatta, a Class A, 300k sf office building located in the Union Station Neighborhood of Lower Downtown (LoDo) Denver. The asset is owned by Hines, Jordon Perlmutter & Co. and instit...
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• Vegas Retail Asset Trades for $300/sf
3/02/17
In a notable retail investment buy out of Las Vegas, a NoCal-based private investor paid $17.5 mil for Flamingo Maryland Shopping Center, a 57.7k sf, Target-anchored retail center near the Las Vegas Strip in Las Vegas. The as...
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