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• Northstar Picks Up 204k sf Suburban Denver Office Property
11/17/09
Northstar Commercial Partners (NCP) acquired Cherry Creek Place II, a six-story, 204k sf multi-tenant office property located at 3190 South Vaughn Way, just off I-225 at Parker Rd in Aurora, CO, a Denver suburb about 15 miles...
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• Trigild Hires Michael Dorris and Jules Sherwood
11/11/09
Michael Dorris and Jules Sherwood have been hired as senior project managers at San Diego-based Trigild, the distressed property management and loan recovery specialists. Dorris and Sherwood will work closely with senior mana...
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• Unfinished Res Development Tract Outside of Denver Sells
11/10/09
In a notable distressed res development buy in Colorado, an investment entity called Arcadia Holdings at CC Highlands LLC acquired the Country Club (CC) Highlands residential tract, covering about 30 acres in Westminster, abo...
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• CIP Signs $17 Mil in Leases at Vegas Biz Park
11/05/09
Irvine-based CIP Real Estate has seen a significant amount of recent activity at its Hughes Airport Center property in Las Vegas, having locked up 21 leases with a combined value of over $17 mil and for over 350k sf of space....
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• Recent Phoenix Comps Include a Warehouse Sale and an Office Lease
11/02/09
Here are a couple of recent Phoenix deal comps for those of you who like to keep up with activity from the Grand Canyon state. We’ll start with an industrial sale as a 48.1k sf warehouse property sold for $1 mil. The property...
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• APAC Leases 100k sf Tucson Industrial Facility
10/29/09
APAC Customer Services Inc signed a 10-year lease for a 101.4k sf industrial building in Tucson. The building is located at 2929 E. Corona Rd, south of Valencia Rd at the edge of Tucson International Airport. Financial terms ...
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• Declining Fundamentals Still Plague Metro Phoenix Office Market
10/14/09
The Phoenix office of Transwestern has just released its 3rd Quarter 2009 report on the metro region, which shows that weak demand continues to push vacancy higher as rental rates fall 8% from their Q1 2008 peak. Here is a go...
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• Equipment Manufacturer Charts New Course after 15-Acre NV Land Buy
10/09/09
Ohio-based Chart Industries Inc, a leading global manufacturer of equipment used in the production, storage and end-use of hydrocarbon and industrial gases, has acquired a 15-acre site at 1995 Peru Dr in the Nevada town of Mc...
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• JCLA Gets Workout Assignment for Distressed Colorado Resort Property
10/08/09
Johnson Capital Lodging Advisory (JCLA), the hospitality workout division of Johnson Capital Special Servicing (JCSS), has been named the court-appointed manager of a distressed, 5-star, luxury condominium and hotel developme...
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• CBRE Arranges $16 Mil Loan Mod/Extension for Albuquerque Resort
10/08/09
CBRE Hotels has arranged a $16 mil loan modification and extension of the 280-room Radisson Albuquerque Hotel & Waterpark on behalf of American Property Hospitality Management (APHM). The new financing allows for the indoor ...
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Executive Subscriber Price: Free
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• CBRE Restructures Senior Money on Tucson Resort Property
10/02/09
In an Arizona refi transaction, CBRE Hotels has restructured the senior mortgage loan for the Westward Look Resort and Spa in Tucson, on behalf of American Property Hospitality Management (APHM). Working with the investor, CB...
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• Arizona Financing Briefs
9/22/09
Here’s an update on a couple of recent $3 mil financing transactions from Arizona, in the towns of Mesa and Gilbert. Both transactions were arranged by Newmark Realty Capital.
We’ll start in Mesa, where Newmark arranged perm...
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• Major AZ Lifestyle Center is Refinanced
9/16/09
Mark McGovern and Jeff Rice of CBRE Capital Markets recently arranged the refinancing of Biltmore Fashion Park, a 548k sf outdoor lifestyle mall in Phoenix, AZ. Located in the city’s Camelback Corridor, at the corner of East ...
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• Portfolio of Seven Phoenix-Area Distressed Multifamily Properties Offered for Sale
9/15/09
In what may rank as one of the largest offerings of distressed multifamily properties ever listed for sale in the western US, a portfolio consisting of seven communities with 2,759 total units in the Phoenix metropolitan area...
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• PCCP Picks Up 1.2 msf TX Industrial Park for $30 Mil
9/11/09
SoCal-based PCCP LLC has acquired 121 Lakepointe Crossing, a three-building, 1.2 msf class-A industrial property located in Lewisville, Texas, from Opus West for $29.9 mil ($24/sf). The sale of the asset was completed at an A...
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• Alaskan Investment Partnership Acquires 330k sf Reno Industrial Property
9/10/09
A fully-leased, 330k sf industrial property in Reno, NV traded hands in a recent investment buy. The property, located at 4910 Longley Lane, north of Mccarran Blvd at the south end of Reno-Tahoe international Airport, was sol...
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• Canyon Capital and Spectrum Group Acquire Greek Isles
8/20/09
Affiliates of Canyon Capital Realty Advisors (“Canyon”) and Spectrum Group Management LLC (“Spectrum”) have completed the foreclosure process on the Greek Isles Hotel and Casino located just off the Strip in Las Vegas and wil...
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• Pair of Vegas Del Taco Properties Fetch $3.75 Mil
8/17/09
Two Las Vegas retail properties occupied by Del Taco sold for a total of $3.75 mil ($731/sf). Dennis Vaccaro and Matthew Mousavi of Faris Lee Investments represented the sellers, Innovative Property Partners LLC and Visionary...
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• Western National Expands to Phoenix with Four New Management Contracts
8/13/09
Western National Property Management has boosted its management presence throughout the west with the addition of four new apartment community management contracts totaling 854 units in Phoenix. These new contracts represent ...
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• Recent Phoenix Medical Office Leases Total Up to Almost 30k sf of Space
8/12/09
We’ve got some recent medical office leasing activity in Phoenix to report, most notably Apogee Medical Group’s five-year renewal for 10.8k sf of space on the top floor of Esplanade II, a 235.1k sf office building at 2525 Ea...
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