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• Hines Global REIT II Picks Up 490k sf UT Campus
7/20/16
Hines Global REIT II Inc has acquired Cottonwood Corporate Center, a four-building, 490k sf office campus in the Salt Lake City submarket of Cottonwood, UT. The Class A complex, built between 1997 and 2000, was designed by Gi...
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• Imperial Sugar Refinery Site in Texas to Be Redeveloped into 855k sf Mixed-Use Complex
7/20/16
The 26-acre Imperial Sugar Refinery property in Sugar Land, TX has been acquired by Imperial Market Development LLC for the development of an upscale, 855k sft, mixed-use retail, office, hotel and residential project. The pro...
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• Multifamily Community in Denver’s LoHi Neighborhood Purchased for $322k/Unit
7/14/16
Highlands Park Apartments, a 125-unit multifamily community located in Denver’s Lower Highland neighborhood commonly known as LoHi, sold for $40.25 mil, or $322k/unit. Grand Peaks Properties, a Denver-based multifamily invest...
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• Three CO Retail Properties Trade in $11 Mil Worth of Deals
7/13/16
Three Colorado retail properties sold in separate transactions totaling $11.19 mil. Larry Thiel and Brad Cohen of Transwestern’s Capital Markets Group represented the seller in each transaction.
“Denver is experiencing stro...
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• Transpacific Development Company Buys 1.44 msf Distribution Facility in Texas
7/12/16
Torrance-based Transpacific Development Company (TDC) closed on a large industrial buy in Texas, acquiring a 1.44 msf, Class A distribution building in Fort Worth, which was developed and is occupied by DHL Supply Chain. The ...
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• TruAmerica Spends $80 Mil on 644-Unit AZ Res Community
7/08/16
TruAmerica Multifamily has closed its largest investment to-date in Arizona, paying $80.9 mil for Scottsdale Springs, a 644-unit ($125.6k/unit) institutional quality multifamily community in Downtown Scottsdale. TruAmerica a...
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• Redwood Capital Advisors Picks Up 220-Unit Res Asset in Colorado
7/07/16
Redwood Capital Advisors has acquired Newport Village, a 220-unit rental community situated at 8901 Colorado Blvd in Thornton, CO. The asset was sold by Seagate Newport Associates LLC. The property is located fifteen minutes ...
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• Trio of Self-Storage Sales Total Over $30 Mil
7/07/16
We’ve three separate self storage transactions to report. The deals, totaling $30.1 mil in value and 260k sf in total space, took place in San Diego County, Texarkana, TX, and Phoenix.
In San Marcos, near San Diego, Barker...
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• XPO Supply Chain Pays Over $30 Mil for Phoenix Distribution Facility
7/07/16
XPO Supply Chain Inc has opted to purchase the 552.3k sf distribution facility in the heart of Phoenix’s Southeast Valley industrial market that the firm has leased for the past three years. The company, a top-ten global prov...
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• Woodside Health/Crescendo Commercial Buys 70k sf Medical Office Property in Arizona
7/05/16
Woodside Health/Crescendo Commercial recently closed on the acquisition of Arrowhead Medical, an 11-building, 69.9k sf complex of all single-story buildings in Glendale, AZ, in a $10.94 mil deal. The asset is located at 7200 ...
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• Meridian Capital Arranges $16.6 Mil for Purchase of AZ Multifamily Property
7/01/16
Meridian Capital Group arranged $16.6 mil in acquisition financing for the purchase and repositioning of Adagio Apartments, a 208-unit multifamily property in Phoenix, AZ.
Adagio Apartments is located at 15645 North 35th Ave...
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• Transwestern Awarded Leasing Assignment for Texas Office Complex
6/29/16
Investcorp has awarded the leasing assignment for One Westchase Center in Houston to Transwestern. The 466k sf office campus is located at 10777 Westheimer. Transwestern’s Doug Little, Louann Pereira and Amanda Lee App will l...
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• Vegas Area Sprouts Market Trades in $8.4 Mil Transaction
6/24/16
A single-tenant, 57.8k sf building fully leased to Sprouts Farmers Market in Las Vegas was acquired by Irvine-based ValueRock Realty Partners in an $8.42 mil ($146/sf) transaction. The asset was sold by Haggen Property Holdin...
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• BKM Capital Partners Closes $58 Mil AZ Biz Park Buy
6/23/16
BKM Capital Partners has purchased Tempe Commerce Park, a 536k sf, five-building property in Tempe, AZ, for $58 mil ($108/sf). The asset was acquired through the firm’s BKM Industrial Value Fund I L.P.
Located at 7333 and 7...
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• Venture Spends $122 Mil on Scottsdale Office Buy
6/23/16
Wentworth Property Company LLC and Northwood Investors teamed up in a $122 mil office portfolio buy in Arizona. The venture acquired 640k sf ($190/sf) of space within the Perimeter Center business park in north Scottsdale fr...
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• Texas Medical Property Sells in $115 Mil Transaction
6/15/16
In a Texas medical property buy, St. David’s HealthCare purchased Forest Park Medical Center – Austin, a 147k sf luxury hospital along with a 79.7k sf medical office building and a 508-space parking garage in a transaction va...
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• Home Depot Net-Leased Property in Henderson, NV Sells for Over $23 Mil
6/14/16
A 102.4k sf, single-tenant property net-leased to Home Depot in Henderson, NV was acquired by an unnamed investor for $23.16 mil ($226/sf). The property, situated on just over nine acres within the Sunset Plaza Shopping Cente...
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• NY Life Entity Buys 660k sf Phoenix Industrial Project
6/10/16
A New York Life Insurance Company entity has closed on the acquisition of Phase 1 of 10 West Logistics Center in Phoenix. The sellers are Phoenix-based Wentworth Property Company and Crow Holdings Capital of Dallas, joint ve...
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• AZ Office Asset Purchased as Value Add Opportunity
6/09/16
In a recent AZ office buy, , a 60.9k sf building located at 5416 E. Baseline Rd, between Baseline Rd and the U.S. 60 in Mesa’s Superstition Corridor. Built in 2001, the two-story office building sold for $4.9 mil, or about $8...
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• Bendetti Company Completes Almost 800k sf in Nevada Industrial Acquisitions
6/08/16
The Bendetti Company recently closed on two acquisitions in Nevada, adding to its investment portfolio which now totals more than 2 msf of industrial property. The first acquisition was Southern Way, a three-building portfoli...
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