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• Investor Exchanges into Three-Property, $17.7 Mil Retail Buy
12/01/22
A 1031 exchange investor closed on a three-property retail acquisition totaling $17.725 mil. The assets included: a new construction Tire Works-occupied asset in Henderson, NV; a new construction Service King Collision Repair...
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• New 281-Unit Res Community in Lakewood, CO is Finished
12/01/22
Traverse Apartments, a 281-unit, Class A apartment community in Lakewood, CO, has opened its doors to the public. Located between downtown Denver and the Rockies, an area experiencing a housing shortage, Traverse Apartments i...
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• Maximus Federal Services Renews 149k sf Phoenix Space
11/30/22
Maximus Federal Services has inked a renewal lease for its 149.2k sf space in Phoenix. The five-and-a-half-year extension is for the entire three-story, Desert Canyon building, located at 2411 West Peoria Ave.
2411 West Peor...
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• Avanti Residential Buys 382-Unit Phoenix Res Community for $65 Mil
11/30/22
Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65 mil, or $170k/unit. Recognized for its chic and colorful exterior with a coveted American Soc...
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• MAG Capital Partners Buys Full Block of Industrial Properties in Lubbock, TX
11/30/22
In a sale leaseback transaction, MAG Capital Partners LLC acquired several industrial properties totaling 66.7k sf along I-27 that occupy an entire city block in central Lubbock, TX. Home to Lubbock Electric Co, the site comp...
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• TA Realty Picks Up 340k sf Denver Industrial Portfolio
11/29/22
TA Realty acquired the Airport Central Portfolio, a two-building industrial portfolio totaling 341k sf near Denver International Airport in Denver. The assets were purchased from institutional investors advised by J.P. Morgan...
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• Principal Global Investors Buys State of the Art Logistics Facility in Salt Lake City
11/29/22
Principal Global Investors has acquired Pacific Summit Logistics Center, a recently completed, 824.3k sf industrial facility in Salt Lake City. The facility, located at 885 N John Cannon Dr, was built and sold by Pacific Indu...
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• Schuman Companies Acquires 169k sf Loveland Outlets’ North Parcel for $15 Mil
11/28/22
Schuman Companies acquired the 169k sf Loveland Outlets’ north parcel in Loveland, CO in a $15 mil deal. The buyer, who plans to close on the south parcel at a later date, is repositioning the property into retail, office and...
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• Phoenix Office Building Gets New Owner in $14.55 Mil Transaction
11/28/22
A joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties LLC paid $14.55 mil for a 42k sf ($346/sf) office building in Phoenix. Located at 6225 North 24th Street, the three-story building is...
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• Prologis Buys Industrial Dev Site in Phoenix’ Deer Valley Area
11/23/22
Global industrial real estate leader Prologis has a 7.95-acre, infill land parcel in Phoenix for $8.65 mil. The site was sold in an off-market deal by Wadsworth Development.
The firm plans to develop two industrial building...
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• Patriot Real Estate Holdings Buys 111k sf Class A Office Asset in Vegas
11/22/22
Nashville, TN-based Patriot Real Estate Holdings, in conjunction with Las Vegas-based Moonwater Capital, purchased Marnell Corporate Center V (“MCC5”), a 111k sf, five-story Class A office building in Las Vegas. Built in 2007...
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• Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
11/18/22
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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• Texas Res Project Lands $56 Mil in Financing
11/18/22
Construction of a new, 350-unit garden-style apartment complex in Bexar County, TX is set to move forward now that $56 mil of financing has been secured for the project. The financing covers 98.2% of the total cost of the pro...
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• Gulfstream Aerospace Corp Leases 59k sf Hangar Space Adjacent to Phoenix-Mesa Gateway Airport
11/17/22
Georgia-based Gulfstream Aerospace Corp has inked a long-term lease for a 58.7k sf hangar space next to the Phoenix-Mesa Gateway Airport in Mesa, AZ. The facility is located at 6341 South Downwind Circle and is adjacent to th...
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• CentrePoint Properties Spends $11 Mil on Colorado Shopping Center
11/15/22
Willow Run, a 91.6k sf shopping center in Westminster, CO, was acquired by CentrePoint Properties for $10.9 mil ($119/sf). The seller was Willow Run Investors, LLC, an entity operated by Gart Properties, who had purchased the...
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• 200-Unit Arizona Build-to-Rent Community Breaks Ground
11/14/22
Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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• Phoenix Office Building Traded in $11 Mil Deal
11/11/22
Black Canyon Commerce Center – Building A, a 62.8k sf, multi-tenant office building in Phoenix, was acquired by Washington-based Evergreen Associates LLC for $11.2 mil, or $178/sf. Located at 2101 West Peoria Ave, the single-...
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• Xcel Energy Acquires 10 Acres in Colorado for 40k sf Build-to-Suit
11/10/22
Xcel Energy acquired 10 acres at HighPoint Elevated, a 5 msf industrial park in development in Aurora, CO, from the project’s developers—Hyde Development and Mortenson—for $2.7 mil. Hyde and Mortenson will partner on the cons...
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• Denver Res Community Fetches $378k/Unit
11/09/22
Corsican Apartments, an 82-unit high-rise multifamily community in Denver’s Cheesman Park neighborhood, sold for $31 mil ($378k/unit). Built in 1968, the property is located at 1330 Gaylord St.
Corsican has one- and two-bedr...
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• Retail/Medical Center in Vegas Trades for $298/sf
11/09/22
Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.
Anc...
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