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• Commercial Real Estate Financing Briefs
5/04/16
GREYSTONE - Greystone has provided two Fannie Mae DUS® loans totaling $45.6 mil for the refinancing of multifamily properties totaling 1,009 units in Phoenix, AZ. Both loans, originated by Greystone’s Tony Spaeth, carry ident...
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• Birtcher Anderson Realty and JCR Capital Acquire 312k sf Phoenix Biz Park Portfolio
5/03/16
A venture of San Juan Capistrano-based Birtcher Anderson Realty, in conjunction with JCR Capital of Denver, has acquired three business parks in the Phoenix area totaling 312.2k sf from Presson Properties for approximately $2...
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• Vestar Awarded Management of Two AZ Retail Centers
5/03/16
Vestar has been awarded the management assignment for two AZ retail centers. The properties are Superstition Springs Center, a 186.8k sf community retail center in Mesa, and Ancala Village, a 173.2k sf community retail center...
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• SteelWave to Move Forward on Res Projects in Westchester, CA and Aurora, CO
5/02/16
SteelWave has acquired development sites in Aurora, CO and Westchester, CA for two new multifamily projects. The company, formerly Legacy Partners Commercial, was for years traditionally focused in the commercial realm. Howev...
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• The Bascom Group and Oaktree Capital Management Buy 4,918-Unit Vegas Res Portfolio
4/29/16
Houston-based Camden Property Trust has collected $630 mil from the sale of its Las Vegas multifamily portfolio, consisting of 15 properties with a combined 4,918 units. The portfolio included a single retail center and about...
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• Symphony Commercial Closes $16 Mil Texas Office Buy
4/22/16
In a recent office investment buy out of Texas, Symphony Commercial paid $16 mil for a 202.6k sf ($79/sf), three-building office park located 4002-4006 Belt Line Rd in Addison, near Dallas.
The property was sold by Adler Rea...
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• Sterling Real Estate Holdings Buys 145-Unit Texas Res Property
4/22/16
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners (PREP), has acquired Chestnut Park Apartments, a 145-unit apartment complex in San Antonio. The property is si...
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• Hines and Oaktree Capital Management Purchase Vegas Office Building
4/21/16
Hines and Oaktree Capital Management L.P. have teamed up in another office buy, picking up 2500 N. Buffalo Drive, a two-story office building in Las Vegas. Completed in 2002, the property is 49 percent leased to Nevada Title ...
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• Towers Watson Leases New, 91k sf Facility in the Phoenix Area
4/21/16
Towers Watson, a global healthcare consulting firm, is expanding into the Phoenix market with the lease of a new, 91k sf facility in the prestigious Papago Park Center in Tempe. The property, located at 1144 West Washington S...
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• Phoenix Office Complex Sees Trio of Recent Lease Signings
4/19/16
There have been three recent leases totaling 20.7k sf at Anchor Centre, a two-building, Class A office complex located in Phoenix’s Camelback Corridor. The asset is owned by Newport Beach-based KBS Real Estate Investment Trus...
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• Bascom Group Closes $65 Mil Res Buy in Las Vegas
4/18/16
The Bascom Group LLC has acquired Lyric Apartments, a newly constructed 376-unit luxury apartment community in Las Vegas, for $65.35 mil ($174k/unit). Located at 304 E. Silverado Ranch Blvd, Lyric represents Bascom’s eleventh...
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• ReyLenn Properties Secures Construction Financing for 285-Unit Res Project in Colorado
4/15/16
ReyLenn Properties LLC has obtained equity and construction financing for the development of, a 285-unit, Class A multi-housing community in the Highlands Ranch community of Denver, CO. Due for completion in 2018, Solana Luce...
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• SAP America Inks Pre-Lease Commitment for Full Floor at AZ Office Development
4/12/16
SAP America has agreed to a pre-lease commitment for the top floor of the first building at the office component portion of The Grand at Papago Park Center development in Tempe, AZ. SAP, a leading enterprise application softw...
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• Heslin Holdings Wraps Up a Busy First Quarter 2016
4/08/16
Heslin Holdings Inc completed a number of transactions during the first quarter of 2016. These deals included: the acquisition of a retail center in Tigard, OR; the acquisition of a multi-tenant industrial property in Fontana...
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• AZ Multifamily Comp Comes in at $59k/Unit
4/08/16
In a recent multifamily sales comp from Glendale, AZ, a Phoenix-based investor paid $15.35 mil for Sonoma Terrace, a 260-unit ($59k/unit), Class B property. Built in 1979, the property is located at 5220 W. Northern Ave.
Son...
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• BKM Capital Partners Invests $34 Mil in Phoenix Industrial Assets
4/05/16
BKM Capital Partners picked up four industrial business parks encompassing 442.2k sf in the Phoenix metro area for a combined price of $34.45 mil ($78/sf). The firm, which recently announced the final close of its debut inst...
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• Avison Young Acquires The GPE Companies in Phoenix
4/05/16
Real estate services firm Avison Young has acquired Phoenix, AZ-based GPE Management Services LLC and GPE Commercial Advisors LLC, entities doing business as The GPE Companies. The acquisition represents Avison Young’s first ...
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• InvenTrust Properties Corp Buys 538k sf TX Retail Center
4/05/16
Oakbrook, IL-based InvenTrust Properties Corp purchased The Shops at the Galleria, a fully occupied, 537.7k sf regional Power Center in Bee Cave, TX, outside of Austin. The asset was sold by Christopher Commercial Inc.
The ...
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• Meridian Capital Group Arranges $10.5 Mil Refi Loan on AZ Multifamily Property
4/04/16
Meridian Capital Group arranged $10.5 mil in refi money on Spring Meadow Apartments, a 271-unit multifamily property in Glendale, AZ. Located near I-17 and Arizona State Route 101, the property features numerous amenities inc...
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• Pathfinder Partners Picks Up 90 Condo Res Units in Upscale Phoenix Development
3/31/16
San Diego-based Pathfinder Partners LLC has acquired 90 units in Aderra Condominiums – a 312-unit upscale community in Phoenix, for $15 mil ($167k/unit). The property is located at 11640 North Tatum Blvd, in the city’s exclus...
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