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• Grocery-Anchored Retail Center in Las Vegas Sells for $20 Mil
12/22/15
Smith’s Shopping Center, a 108.7k sf, grocery-anchored retail plaza located in Las Vegas, was purchased for $20 mil ($184/sf) by Sterling Organization, a Palm Beach, FL-based real estate investment firm. The asset was sold by...
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• Passco Companies Completes $52.5 Mil AZ Res Buy
12/21/15
In a recent AZ residential investment, Passco Companies LLC purchased a 218-unit, multifamily community in Scottsdale for $52.5 mil ($241k/unit). The project, located at 8444 E. Indian School Rd, north of McDowell Rd and adja...
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• Parallel Capital Partners Pays $126 Mil for Phoenix Mixed-Use Campus
12/18/15
Continuing to expand its downtown Phoenix presence, San Diego-based Parallel Capital Partners, in a joint venture with Angelo, Gordon and Co, has acquired Arizona Center, a Class A, 16-acre mixed-use campus in downtown Phoeni...
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• TruAmerica and Capri Capital Team Up in $105 Mil CO Res Buy
12/18/15
TruAmerica Multifamily has closed on another institutional multifamily buy in Colorado. In this latest deal, the company, in partnership with Capri Capital Partners LLC, paid $105 mil for Veranda Highpointe Apartments, a 362-...
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• MIG Real Estate Buys 244k sf Colorado Biz Park
12/14/15
MIG Real Estate has acquired Dry Creek Business Park, a 244k sf, 15-building flex business park in Centennial, CO. Dry Creek Business Park is located at 7300-7348 South Alton Way, between Arapahoe Rd and Dry Creek Rd in the t...
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• Renovation of CO Office Property Transforms Class B Space into a Modern, Class A Environment
12/09/15
Elion Partners completed a capital improvement program at 5889 Greenwood Plaza Blvd, a 90k sf office property in Greenwood Village, CO. The significant, state-of-the-art renovations transformed the Class B suburban office pro...
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• Transwestern Lands Leasing Assignment for Spec Office Project in San Antonio
12/09/15
Transwestern’s San Antonio office was awarded the leasing assignment for VISTA Corporate Center, a spec, Class A office development in San Antonio. The project, located at 13805 Interstate 10 W., is the only recent Class A or...
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• WINLEE Development Picks Up Retail Development Site in Chandler, AZ
12/08/15
A 3.25-acre retail development site in Chandler, AZ was purchased by Chandler Viridian Retail LLC, formed by WINLEE Development (a division of Phoenix-based Winfield Lee Investments, Peter Nelson and Gary Emery, principals). ...
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• Unique Retail Property in Phoenix Trades Hands
12/08/15
SimonCRE purchased the 1917 OS Stapley Buildings, a 36k sf, multi-building property located in the up and coming Lower-Grand Avenue Business District in downtown Phoenix. The asset was sold by Abromovitz Grand Avenue Partners...
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• Texas Medical Office Project Awarded LEED® Gold Certification
12/08/15
Phase I of Katy Medical Plaza in Katy, TX has been awarded LEED® Gold certification by the U.S. Green Building Council (USGBC) in the Leadership in Energy and Environmental Design (LEED) for Core and Shell™ green building rat...
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• Houston Office High-Rise Certified LEED Platinum
12/07/15
717 Texas, a 33-story, 696.4k sf office tower located in Houston's downtown theater district, has been certified at the Platinum level under the U.S. Green Building Council's (USGBC) LEED Volume Certification (LEED VC) Progra...
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• SimonCRE Picks Up Retail Property near Arizona State University
12/04/15
SimonCRE paid $1.83 mil for 3.3k sf, freestanding retail building in the heart of the Arizona State University trade area. The building, located at 105 W. University, sits just west of the intersection of Mill Ave and Univers...
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• Buchanan Street Partners Buys AZ Office Asset
12/02/15
In a recent AZ office property acquisition, Buchanan Street Partners purchased Paradise Valley Corporate Center, a 198k sf building in Scottsdale. The asset is located at 4835 East Cactus Rd, on the east side of Tatum Blvd.
...
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• Team of 17 Industrial Pros from TNRG Join Houston Office of Lee & Associates
12/02/15
A group of 17 industrial specialists of The National Realty Group (TNRG) have joined Lee & Associates Houston, boosting Lee’s brokerage presence in the local and regional industrial market.
With this addition, the...
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• Gelt Buys 564-Unit, CO Res Property from TruAmerica for $74 Mil
12/02/15
Los Angeles-based Gelt Inc has purchased 3300 Tamarac, a 564-unit apartment community in Denver, CO, for $74 mil ($131.2k/unit). The property was acquired from Los Angeles-based TruAmerica Multifamily.
Built in 1977 and situ...
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• Draftsmen & Craftsmen
12/01/15
LGE Design Build has recently completed constructing the $4.5 mil Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES). The ACES, a state approved school, is the largest private provider of special ed...
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• MedProperties Buys 56k sf of Medical Properties in Arizona
11/25/15
MedProperties, out of Northbrook, IL, purchased Thunderbird Wellness Centre, a Class A, 56.4k sf medical and wellness complex in Peoria, AZ. The institutional-quality property was sold by Vancouver, BC-based Second City Real ...
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• Phoenix Realty Group and Blackstone Close $570 Mil National Multifamily Buy
11/24/15
Phoenix Realty Group (PRG) and Blackstone Real Estate Partners VIII have teamed up in the acquisition of a 16-property, 3,800-unit multifamily portfolio valued at approximately $570 mil. The properties are located in the Los ...
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• The Bascom Group Gets Nevada Portfolio in Sync with Purchase of Timberlake
11/23/15
The Bascom Group has acquired Timberlake, a 308-unit apartment community in Henderson, NV. Built in 1997, Timberlake is located at 80 South Gibson Rd, just off I-215, east of the Las Vegas Strip.
Timberlake consists of a mix...
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• Weidner Investment Services Spends $16 Mil on 90-Unit Phoenix Multifamily Asset
11/20/15
In a case study example of Phoenix’s stalled-to-stable multifamily recovery, Cobalt on 32nd Street, a previously stalled but now completed and stabilized multifamily asset, traded hands for $16.2 mil, or $180k/unit. The prope...
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