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• PCCP LLC and Griffis Residential Venture Buys 332-Unit CO Res Property
12/22/16
A joint venture between PCCP LLC and Griffis Residential has acquired a 332-unit residential community in Littleton, CO known as Monterey Apartments. The joint venture is renovating the asset, located at 4601 S Balsam Way, a...
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• Hines Picks Up 684k sf Phoenix Industrial Park
12/16/16
Hines has acquired Southwest Industrial Center, a Class A industrial park located in the heart of the Southwest Valley submarket in Phoenix, from Hillwood Property Trust. The price was not disclosed.
The project consists of ...
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• CBRE Duo Brokers Office and Retail Sales in Las Vegas
12/13/16
Here’s the scoop on a couple of recent sale transactions from Las Vegas, one an office buy and the other a retail trade. In both transactions, the sellers were represented by Charles Moore and Marlene Fujita-Winkel out of CBR...
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• ColRich Multifamily Venture Pays $94 Mil for Newly Constructed, 416-Unit Res Community in Utah
12/13/16
A ColRich Multifamily-led venture recently closed on the $93.9 mil acquisition for Cobblegate at Quarry Bend, a newly constructed 416-unit multifamily community in the Salt Lake City suburb of Sandy, UT. The transaction was f...
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• Vegas Luxury Res Property Sells for Over $200k/Unit
12/08/16
Loft 5, a 241-unit ($213.7k/unit) luxury multifamily asset in Las Vegas was sold in a recent $51.5 mil transaction. The property was purchased by Steppe Bros Loft 5 LLC.
Located off I-15 just 10 minutes from the Las Vegas St...
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• Franklin Street Properties Closes $154 Mil Denver Office Buy
12/06/16
Franklin Street Properties Corp has acquired Dominion Towers, a two-building, 613.5k sf office complex in downtown Denver, for $154 mil, or about $250/sf. Located at 600 17th St, the property consists of two interconnected 19...
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• Angelo, Gordon & Co Refis Two Vegas Res Properties with $27 Mil in Fannie Mae Money
12/01/16
Angelo, Gordon & Co recently financed two multifamily properties in Las Vegas with $27 mil in Fannie Mae money arranged by Meridian Capital Group.
The properties, Tower at Tropicana, located at 6575 West Tropicana Ave, and G...
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• Hayman Properties Buys 135k sf Office Building in Downtown Denver
11/29/16
Hayman Properties LLC has acquired Parkway Office Centre, a 134.6k sf, Class B office building in Denver. Built in 1982 and later renovated in 2008, Parkway Office Centre is located at 1391 N. Speer Blvd, at Colfax Ave in the...
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• Phoenix Development Site Sells for $4.6 Mil
11/25/16
A 6.48-acre development site in Phoenix sold for $4.575 mil. Prior to the sale, the buyer obtained approval from the City of Phoenix to develop a 240-unit apartment complex.
The property is located at 4633 East Van Buren. Th...
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• Houston Res Portfolio Refinanced with $92 Mil Loan
11/22/16
Willowick Venture Ltd has secured $92 mil in refinancing on Willowick Park, a 552-unit luxury apartment community in Houston, TX. The properties included in the transaction are:
• Aria at Willowick Park – 325 units.
• ...
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• Dorning Investment Group Locks Up $50 Mil in New Money on Properties in Denver and San Antonio
11/21/16
Dornin Investment Group has restructured its debt on an office building in Denver, CO and an office/flex building in San Antonio, TX. The new financing, which was arranged by MetroGroup Realty Finance, consists of two loans ...
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• Parallel Capital Partners Spends $20 Mil on AZ Office Asset
11/15/16
San Diego-based Parallel Capital Partners has acquired Kierland Corporate Center, a 78.3k sf, Class A office complex in Scottsdale, for $20 mil, or $255/sf. The property was sold by Bataa/Kierland II LLC.
Bult in 2009, Kierl...
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• Phoenix Office Tower Bought by DPC Companies
11/14/16
Colorado-based DPC Companies has purchased Great American Tower, a landmark high-rise office building in the heart of Phoenix’s Midtown office submarket, in a deal said to be worth around $49 mil ($142/sf). The 24-story, 344....
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• Oak Coast Properties Spends $129 Mil on 959-Unit Res Asset in Denver
11/11/16
In a major multifamily acquisition out of Denver, Oak Coast Properties purchased Pembrooke on the Green Apartments, a 959-unit community located in the southeast quadrant of the city, which is experiencing record population g...
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• Renaissance Square Named Outstanding Building of the Year by BOMA of Greater Phoenix
11/10/16
Renaissance Square, a 965.5k sf, Class A office complex in Phoenix, was recognized by the Building Owners and Managers Association (BOMA) of Greater Phoenix with its highest honor, The Outstanding Building of the Year Award (...
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• Transwestern Investment Group Closes its TSP Value and Income Fund I
11/09/16
Transwestern Investment Group has closed its TSP Value and Income Fund I, with total commitments of approximately $160 mil.
“Our guiding philosophy is to provide investors the least risky path to achieve value-add returns,”...
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• Reno Area Industrial Portfolio Purchased by Dalfen America for $55 Mil
11/07/16
In recent industrial deal news out of Nevada, Dalfen America Corp has purchased a five-building, 1.25 msf industrial portfolio in Sparks for $55.3 mil ($44/sf). The seller was Global Logistic Partners (GLP), a leading provide...
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• Westcore Properties Buys Reno, NV Industrial Portfolio
11/04/16
Westcore Properties has acquired a 1.17 msf industrial property portfolio in Reno, NV from an institutional owner for approximately $54.5 mil ($46.50/sf). The acquisition marks Westcore’s entry into the Reno marketplace.
“Re...
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• Corporate Properties Trust I LP Acquires 2.2 msf Mixed-Use Project Outside of Dallas
11/02/16
Corporate Properties Trust I LP has closed on the acquisition of a 2.2 msf, mixed-use project outside of Dallas, TX in a sale-leaseback with State Farm Auto Insurance Co. Corporate Properties Trust I LP is a partnership of Tr...
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• Phoenix Mixed-Use Campus to Undergo $25 Mil Renovation
11/01/16
Parallel Capital Partners, which acquired Arizona Center in a joint venture with Angelo, Gordon and Co late last year, will soon embark on a $25 mil renovation of the Class A, 16-acre mixed-use campus in downtown Phoenix. The...
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