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• The Bascom Group and Oaktree Capital Management Close 196-Unit AZ Res Buy
10/31/16
The Bascom Group LLC and Oaktree Capital Management have teamed up in another significant west coast residential buy. In ths latest deal, a $250 mil venture between Bascom and funds managed by Oaktree has acquired Springs at ...
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• Shopoff Realty Investments Closes 36k sf TX Retail Buy
10/28/16
Shopoff Realty Investments recently purchased a 36k sf retail center in the northern Dallas suburb of Carrollton, TX. The property was acquired for approximately $8.1 mil ($225/sf) through a co-investment structure.
The pro...
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• Chuze Fitness Chooses Anchor Space at Denver Retail Center
10/25/16
Chuze Fitness has inked a lease for a new 54.6k sf health club in Denver. Chuze Fitness will serve as the new anchor for the Villa Monaco shopping center, located at the southwest corner of S. Monaco Pkwy and Evans Ave, where...
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• Luxury Res Community in Las Vegas Sells for $53.6 Mil
10/25/16
Toronto-based Starlight Investments Ltd recently closed on a Las Vegas multifamily investment, paying $53.6 mil for South Blvd, a 320-unit ($167.5k/unit) property in the city’s South Las Vegas submarket. The luxury asset was ...
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• Colorado Apartment Property Goes for $60k/Unit
10/24/16
Vistas at the Citadel, a 209-unit community in Colorado Springs, CO, was purchased by a California-based private investor for $12.65 mil ($60.5k/unit). The acquisition was the upleg of a 1031 exchange.
Located at 3955 Easy B...
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• Sparks, NV Res Community Purchased for $14.25 Mil in Value-Add Play
10/21/16
A partnership between L5 Investments and Alamo Equities has acquired Marina Gardens Apartments, a 200-unit apartment community in Sparks, NV, for $14.25 mil ($71.3k/unit). The property is situated on 11.78 acres at 550 Howard...
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• MCA Realty Pays Over $5 Mil for Vegas Industrial Asset
10/20/16
In a recent Las Vegas industrial investment, MCA Realty purchased Walnut Business Park, a 92.1k sf, business park in the city’s northern area. The transaction, viewed as a value-add opportunity, had a price tag of $5.1 mil ($...
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• KBS Realty Advisors Recapitalizes TX Office Asset with $90 Mil Loan
10/20/16
Mesa West Capital has provided KBS Realty Advisors with a $90.5 mil first mortgage loan to recapitalize its recent all-cash acquisition of Stonebridge Plaza I & II, a 386k sf, Class A office campus in Austin, TX. The asset bo...
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• CBRE Arranges $56 Mil on TX Hotel Property
10/18/16
Presidio Companies has secured a $56 mil loan for the refinance of the 429-room Sheraton Fort Worth Hotel in Fort Worth, TX. Located at 1701 Commerce Street, The Sheraton Fort Worth features 429 accommodations-custom-designe...
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• 1,500-Unit CO Res Complex Changes Ownership in a Transaction that Values the Asset at $350 Mil
10/17/16
The Breakers Resort, a 1,523-unit res complex that ranks as one of the largest properties in the state of Colorado, underwent a change of ownership, as Pensam Residential and its partners, BH Equities LLC and Wafra Capital Pa...
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• Pacifica Real Estate Group Lands $34 Mil in Financing for AZ Office Complex
10/14/16
Pacifica Real Estate Group recently secured $34 mil in senior financing for the refinance and leasing of East Gateway Centre, a 230k sf office project in the Phoenix’s 44th Street Corridor submarket. The loan was provided by ...
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• Large Potential Development Site in Nevada Being Offered for Sale
10/13/16
We’ve learned that a large land parcel in Laughlin, NV has come on the market. The parcel is approximately 2,000 acres and is located east of Needles Hwy, south of Bruce Woodbury Dr and bordered on the west and south by Casi...
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• P.B. Bell Companies Secures $116 Mil in financing on Four AZ Res Properties
10/12/16
PB Bell Companies has obtained $116.4 mil in financing on four multifamily properties in Arizona. The properties were financed in two separate loans containing two properties per loan.
The first portfolio refinance consists ...
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• iBorrow Provides Refi Money on AZ Office Property
10/11/16
Iborrow has provided a $3.9 mil loan to refinance a 41k sf, office building in Mesa, AZ. Built in 1987, the property is a two-story, single-tenant administrative office building which is fully occupied by Fresenius Management...
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• Central Development to Develop 55-Acre Encompass Business Park in Centennial, CO
10/10/16
Locally-based Central Development is developing a 55-acre, Class A office/industrial park in the CO city of Centennial. The development, to be called Encompass Business Park, is on South Blackhawk St, between East Arapahoe Rd...
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• Shopoff Realty Investments Buys 624-Unit Res Asset in las Vegas
10/10/16
Shopoff Realty Investments has acquired Sky Pointe Landing Apartments, a 624-unit residential community in northwest Las Vegas, for $72.6 mil ($116.3k/unit). The company is considering the possibility of adding a co-investor ...
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• Stanton Road Capital Completes 250k sf Office Acquisition in Texas
10/07/16
In a recent Texas office buy, Stanton Road Capital LLC (SRC), through its affiliate, SRC Airport Owner LP, purchased Airport Centre I & II, a 251.2k sf property in the Dallas/Ft. Worth area. It was sold by Allegiancy Houston ...
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• Griffin Capital Essential Asset REIT II Pays $66.5 Mil for Vegas HQ Building
10/07/16
Griffin Capital Essential Asset REIT II Inc recently closed on the purchase of a 222.3k sf, Las Vegas office property fully leased to IGT and guaranteed by the tenant’s parent company, International Game Technology PLC. Griff...
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• The Bascom Group and Oaktree Capital Management Team Up for 290-Unit AZ Res Buy
10/07/16
Springs at Silverbell Apartments, a 290-unit luxury community located in Tucson, AZ, was acquired by The Bascom Group LLC and funds managed by Oaktree Capital Management L.P. through a $250 mil venture between the two.
Basc...
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• Newmark Realty Capital Arranges $31 Mil on AZ Retail Center
10/06/16
Newmark Realty Capital Inc has arranged $31 mil in permanent financing for a 130k sf “trophy” asset located at a “Main & Main” retail intersection Tucson, AZ. The property offers a diverse shopping experience including off-...
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