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• Phoenix Industrial Asset Trades in $4.75 Mil Deal
3/02/17
A 36.9k sf, industrial property in Phoenix sold for $4.75 mil, or $129/sf. The property, located at 1733 W. Parkside Lane, east of I-17 and north of Hwy 101, was acquired by Los Angeles-based West End Hotel LLC.
The single-t...
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• LA Investor Pays $645/sf for Reno Retail Asset
3/01/17
A Los Angeles-based private investor purchased a newly constructed, two-tenant net-lease retail property in Reno, NV for $4.9 mil. The 7.6k sf ($645/sf) building, located at 6350 S. Virginia St, is occupied by Jos. A. Bank an...
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• Lyon Living Lands Loans of $388 Mil on CA and CO Res Portfolio
2/28/17
Lyon Living has obtained $388.421 mil in combined financing for a seven-property multi-housing portfolio totaling 2,152 units in Orange County, CA and Colorado. The seven separate loans were arranged by HFF and funded through...
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• Riva Ridge Development Invests $26 Mil in Acquisition of Phoenix Office Asset
2/27/17
Houston-based Riva Ridge Development purchased CBIZ Plaza, a 266.2k sf office property in Phoenix, for $26 mil. Located at 3101 and 3111 N. Central Ave, the asset was 78% occupied at the time of the sale.
CBIZ Plaza consists...
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• Lease for 180k sf Facility Adds Some Zazzle to Reno Industrial Market
2/24/17
Zazzle Inc, an e-commerce company that allows designers and customers to create their own products, agreed to a 10-year lease for a 180.8k sf industrial facility at South Valley Commerce Center in Reno, NV.
The property, lo...
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• MCA Realty Spends $18.3 Mil on Two Vegas-Area Assets
2/17/17
MCA Realty recently acquired two assets totaling 175.5k sf in the Las Vegas market in deals worth a combined $18.3 mil. The acquisitions were for the Harmon Warehouse Center, a 145.5k sf, multi-tenant industrial building in S...
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• Legacy Partners and USAA Real Estate Company Break Ground on Luxury Res Project in Denver
2/17/17
Legacy Partners and USAA Real Estate Company have broken ground on TriVista on Speer, a 2.3-acre luxury apartment development in Denver. The project, previously known as Legacy on Speer, will offer 322 units over seven floors...
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• First Phase of Phoenix Office Property Redevelopment Project Almost Complete
2/15/17
In development news out of Phoenix, the $20 mil redo of the Sky Harbor Towers office complex is nearing completion of its first phase. The 13.6-acre, two-building office campus located at the intersection of Interstate 10 and...
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• Transwestern Development Co and Allstate Teaming Up to Build 345-Unit Res Community in Phoenix
2/15/17
Transwestern Development Co and Allstate acquired a 3.2-acre site in Phoenix, where they plan to develop a 345-unit multifamily community. The project, tentatively called City Center on the Park, is scheduled to break ground ...
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• Vegas Retail Center Traded for $100/sf
2/14/17
Agora Realty and Management recently purchased a 100.9k sf, grocery-anchored shopping center in Las Vegas, in a deal valued at $10.25 mil ($101.50/sf). The property, which sits on over nine acrea at 1941 N. Decatur Blvd, at L...
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• Major Development Opportunity in Dallas / Ft. Worth Hits the Market
2/09/17
Here’s news of a unique development opportunity that’s come on the market in the Dallas/Ft. Worth area. Parkland Health & Hospital System has listed its former Parkland Memorial Hospital campus, comprised of five adjacent sit...
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• Meridian Capital Group Arranges $15 Mil for Purchase of AZ Apartment Property
2/08/17
Meridian Capital Group recently arranged $15.5 mil in acquisition money for the purchase of Tatum Place, a 164-unit multifamily property in Scottsdale, AZ. Tatum Place, located at 16801 North 49th St, is a two-story property ...
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• Denver Office Building Achieves LEED Platinum Certification
2/07/17
1515 Wynkoop, an eight-story, 306.8k sf office building in Denver, has earned Platinum certification under the U.S. Green Building Council's (USGBC) LEED® rating system for Existing Buildings. Completed in 2009, 1515 Wynkoop ...
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• Clear Sky Capital Buys 164-Unit Res Asset in Arizona
2/06/17
Clear Sky Capital recently purchased Tatum Place, a 164-unit multifamily property in Scottsdale, AZ. The acquisition was funded with a $15.5 mil loan arranged by Meridian Capital Group.
Tatum Place, located at 16801 North 49...
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• Buchanan Street Partners Picks Up Office Assets in Denver and Houston
2/03/17
OC-based Buchanan Street Partners has closed on two west coast office buys, in Denver and Houston. The properties total 384k sf in combined size.
In Denver, Buchanan Street Partners purchased 5613 DTC, a 224k sf, transit-ori...
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• Nevada Res Community Traded in $35 Mil Deal
2/02/17
LandCap Investment Partners LLC and its capital partner, Strand Corporation, have acquired Marina Village Apartments, a 240-unit apartment community in Sparks, NV, for $35 mil ($146k/unit) in an off-market transaction. The ac...
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• California Investor Buys 167-Unit Res Asset in Utah
2/01/17
An unnamed CA-based investor has purchased The Gate at Canyon Ridge, a 167-unit multifamily property located in Ogden, UT.
The Gate at Canyon Ridge consists of one- and two-bedroom units that range in size between 600 sf ...
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• 340k sf Texas Biz Park Trades Hands
1/31/17
Mason Creek Business Center, a four-building, 339.9k sf industrial property in Katy, TX, was acquired by an unnamed investor. The Class A property, located at 21201 – 21501 Park Row Dr, was sold by a partnership between., act...
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• Hines and Cambria hotels & suites underway on a 136-room hotel project in Chandler, AZ
1/30/17
In an update about a new West Coast hotel development from the end of 2016, Hines and Cambria hotels & suites broke ground on Chandler Viridian, a 136-room project in Chandler, AZ slated to open later this year.
The project ...
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• Housing Trust Group to Build 325-Unit Res Project in Mesa, AZ
1/30/17
Housing Trust Group, based in Coconut Grove, FL, has obtained a $47.2 mil (HUD) 221(d)(4) construction loan for development of Aviva, a Class A+ multifamily project in Mesa, AZ. Aviva marks the first project for the firm in t...
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