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• Recent Leasing Activity at Las Vegas’ Hughes Airport Center Totals 12 Deals for Over $8.5 Mil
6/07/16
In recent Las Vegas leasing activity, there have been 12 transactions valued at $8.56 mil at a portfolio of properties owned by a joint venture of Oaktree Capital and CIP Real Estate and located within Hughes Airport Center. ...
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• Commercial Real Estate Financing Briefs
6/06/16
NEWMARK REALTY CAPITAL -- Mark Ritchie, Jeff Wilcox, Charlie Kokernak and Armen Hadjimanoukian with Newmark Realty Capital Inc have arranged $38 mil in permanent financing for 85 Bluxome, a 57k sf, Class A office building in ...
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• Phoenix City Council Approves New Zoning for 130 Acres around the Metrocenter Mall
6/06/16
The Phoenix City Council has unanimously approved a Planned Unit Development (PUD) application for 130 acres in and around the iconic Metrocenter Mall development, located on Interstate 17 between Peoria and Dunlap roads in P...
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• Transwestern Development to Break Ground on 310k sf Spec Office Project in Richardson, TX
6/06/16
Transwestern Development Co is about to break ground on 3400 @ CityLine, a 310k sf, speculative office building in Richardson, TX. Located at 3400 N. Central Expressway, the Class A building is adjacent to the 183-acre CityLi...
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• Salt Lake Community College Breaks Ground on 121k sf Facility for Technical Education Purposes
6/03/16
Salt Lake Community College (SLCC) has just broken ground on its Westpointe Career and Technical Education Center near the Salt Lake City International Airport. The Utah Legislature during its 2016 session approved the $42.9 ...
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• CapRidge Partners Closes 180k sf Austin, TX Office Buy
6/01/16
CapRidge Partners has acquired Lakewood on the Park, a 180.6k sf, suburban office campus in Austin’s Northwest submarket. The property was sold by Equity Commonwealth.
Located at 7600 Capital of Texas Highway (Loop 360), t...
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• Presson Corp Buys 300k sf Industrial Property in Phoenix
5/31/16
Presson Corporation recently acquired Jackson Street Industrial, a 307.2k sf industrial property covering four city blocks in central Phoenix. The property was sold by Tiernay Properties Inc.
Built in the 1920s, the property...
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• BKM Capital Partners Spends $24 Mil on AZ Industrial Portfolio
5/24/16
In a recent industrial buy out of Arizona, BKM Capital Partners has acquired the RREEF Tempe portfolio, a 305.5k sf, three-property portfolio in the growing submarket of Tempe. The assets were sold by Deutsche/RREEF and the C...
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• Weidner Apartment Homes Buys 514-Unit AZ Res Community
5/20/16
Weidner Apartment Homes purchased Desert Horizon Apartments, a 514-unit apartment community located at 16636 North 58th Street in Scottsdale, AZ. The acquisition was financed with a $53.5 mil loan arranged by CBRE Capital Mar...
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• Gilbert, AZ Retail Center Purchased with $14 Mil Loan
5/20/16
CIRE Equity has obtained $14.3 mil in financing for the acquisition and repositioning of Val Vista Towne Center, a 94k sf shopping center located in Gilbert, AZ. Seth Grossman and Sarah Kuebler of Meridian Capital Group arran...
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• American Realty Advisors Buys 300-Unit CO Res Property
5/20/16
American Realty Advisors has acquired a newly-constructed, 314-unit multifamily property located in the Union Station submarket of Downtown Denver. The price was not disclosed.
The building also features 58k sf of ground fl...
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• Phillips Edison Grocery Center REIT II Buys Grocery-Anchored Centers in Three States
5/19/16
Phillips Edison Grocery Center REIT II Inc has acquired three grocery-anchored shopping centers in Texas, California and Georgia.
In California, Edison bought Broadway Pavilion, a 142.9k sf grocery store-anchored shopping ce...
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• Investor Buys 50k sf TX Building Leased to San Antonio Pre-K Education Center
5/19/16
A SoCal-based private REIT acquired a 50.2k sf building in San Antonio that is NNN-leased to the City of San Antonio Pre-K Education Center. The 5.4-acre site is located at 1235 Old Highway 90 W, just three miles north of Joi...
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• Bancroft Capital Buys 152k sf CO Office Asset
5/19/16
In a recent Colorado office buy, Bancroft Capital purchased Highlands Ranch I and II, a 152.6k sf property in Highlands Ranch. Constructed in 2001, the property sits on 10 acres at 630 – 640 Plaza Dr, west of Broadway and sou...
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• Phoenix Industrial Portfolio Trades in $66 Mil Sale
5/18/16
Exeter Property Group purchased a three-property industrial portfolio in the Phoenix Metro area for $66 mil. The assets, which are leased to six tenants and total 937.7k sf ($70/sf) of space, were sold by Duke Realty Corporat...
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• Buchanan Street Partners Closes 196k sf Dallas Area Office Buy
5/18/16
Bluffview Towers, a 196.4k sf office property adjacent to Dallas Love Field Airport was acquired by Buchanan Street Partners. The two-building property, which was sold Commercial Developments International (CDI), marks Buchan...
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• Dakem & Associates Developing New Facility in Pahrump for DaVita Healthcare Partners
5/16/16
DaVita | HealthCare Partners will occupy and operate a new, 57k sf medical office facility in the growing Nevada town of Pahrump, when it opens next year. The project is being constructed on a 7.26-acre land site that Thousan...
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• CPP to Rehabilitate and Preserve 205 Affordable Housing Units in New Mexico
5/13/16
Community Preservation Partners (CPP) has begun renovations on six New Mexico affordable housing complexes, totaling 205 units, owned by Western States Housing Corporation. The transaction closed in April, with work expected ...
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• Accruent Inks Relocation/Consolidation Lease for 104k sf in Austin
5/09/16
Accruent agreed to a consolidation/relocation lease for 104.4k sf of space at the Domain, a mixed-use complex in Austin, TX. The firm, a leading real estate and facilities management software company, is currently located at ...
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• TruAmerica Multifamily and Investcorp Close $57 Mil Phoenix Res Buy
5/04/16
TruAmerica Multifamily and institutional capital partner Investcorp have acquired Little Cottonwoods, a 379-unit multifamily community in Tempe, AZ for $56.7 mil ($150k/unit). This is the third and largest multifamily investm...
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