|
• Colorado Res Property Recapitalized in $32 Mil Deal
11/09/22
River Run Apartments, a 117-unit multifamily community in Avon, CO, was recapitalized in a $32 mil financing deal. The property, strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver ...
|
• Westport Properties to Develop New Industrial Facility in Henderson, NV
11/08/22
Westport Properties plans to develop a new, 81.5k sf industrial facility on a recently acquired land parcel in Henderson, NV. The company will begin construction in the first quarter of 2023.
The building, located at the cor...
|
• Prologis to Expand Aurora, CO Biz Park by an Additional 1 msf
11/08/22
Prologis Park 70, an existing 5.7 msf industrial park in Aurora, CO, will grow by nearly 1 msf following the acquisition of a 55-acre land parcel by park owner and developer Prologis.
Prologis plans to break ground on the ...
|
• Agora Realty and Management Starts Work on 29-Acre Mixed-Use Project in North Las Vegas
11/07/22
Agora Realty and Management has broken ground on a 29-acre mixed-use master-planned commercial district in the heart of downtown North Las Vegas. The redevelopment project, being called North Las Vegas Village, is strategical...
|
• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
|
• Seven-Property Self-Storage Portfolio Traded
11/04/22
A seven-property self-storage portfolio in Arizona and Minnesota traded hands. The primarily Southwest and Midwest portfolio totals 606.2k sf sf of covered RV/Boat parking, and 20.4k sf of uncovered parking, totaling 5,890 un...
|
• Colorado Office Sale is an Epic Deal
11/04/22
An affiliate of Boston-based Albany Road Real Estate Partners has acquired Epic One, a premier Class A office building totaling 146.1k sf in Colorado Springs, CO. The five-story multi-tenant asset was approximately 87% leased...
|
• AZ Industrial Sales Comp Works Out to $159/sf
11/03/22
In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves a...
|
• Berkeley Partners Spends $25.5 Mil on AZ Industrial Portfolio
11/01/22
San Francisco-based Berkeley Partners purchased a 156.1k sf, light industrial portfolio located in Phoenix and Chandler, AZ for $25.5 mil ($163/sf). The portfolio comprises three buildings and was 100% leased to four tenants ...
|
• Sustained Demand and Insufficient New Supply Drive Lease Premiums to New Highs in Port Markets
11/01/22
CommercialEdge 3rd Quarter 2022 National Industrial Market Report
Written by:
Eliza Theiss, Yardi Systems
Key Takeaways:
• High demand continues to push prices up in the industrial sector, with September in-place rents nea...
|
• Apartment Property in Denver’s Uptown Neighborhood Goes for $8.4 Mil
10/31/22
Uptown Terrace, a 34-unit apartment community in downtown Denver’s Uptown neighborhood, traded hands in an $8.4 mil ($247k/unit) deal. The asset was purchased by Quantum Capital, as part of a 1031 exchange using out-of-state ...
|
• Phoenix Office Building Trades for Over $9 Mil
10/31/22
Goodyear Financial Center, a 44.1k sf, multi-tenant office building in Goodyear, AZ, was purchased by a Seattle-based private investment entity for $9.2 mil ($209/sf). Located at 250 N Litchfield Rd in Phoenix’s West Valley ...
|
• Westcore Closes $93 Mil Phoenix Industrial Buy
10/28/22
Westcore has acquired Central Logistics, a four-building, 1.09 msf industrial campus in the Central Phoenix area in a recent, $93.5 mil ($86/sf) transaction. The 24.9-acre asset was sold by Phoenix-based ViaWest Group.
Duri...
|
• Seattle Investor Picks Up Retail/Creative Office Building in Phoenix
10/28/22
A Seattle-based investment company has purchased The Strip, a two-story, mixed-use, retail and creative office property in Phoenix, for $4.4 mil. Located at 4700 North 12th St, the multi-tenant development is 100% leased.
Th...
|
• DB Capital Management Wraps Up $64 Mil Apartment Buy in Las Vegas
10/27/22
DB Capital Management closed on its first multifamily in Las Vegas, paying $64 mil for The Boulevard, a 296-unit apartment community located just 20 minutes from the Las Vegas Strip.
The Boulevard, which will be rebranded a...
|
• Work Started on Affordable Housing Project in Hawaii
10/27/22
Work has begun on Kaulana Mahina Apartments, a 324-unit affordable housing project in Central Maui. The community is a development of a Legacy Partners-led venture that includes the AFL-CIO Building Investment Trust and other...
|
• Work Completed on 300-Unit Res Project in Aurora, CO
10/27/22
Cypress Equity Investments (CEI) has completed construction on ‘Revel’, a 300-residence, transit-oriented apartment community in Aurora, CO. Located just off I-225 and within walking distance of the 2nd Ave and Abilene Statio...
|
• FUSE Workspace Buys Austin Office Building
10/26/22
FUSE Workspace, a locally based coworking company, has purchased a newly developed, 19.5k sf office building in Austin, TX. Located in the Dripping Springs submarket at 7710 N FM 620 13-D in Austin, TX, the asset is part of t...
|
• Salt Lake City Industrial Market Still Going Strong
10/26/22
Salt Lake City Economic Overview – 3rd Quarter 2022
This report provided by Cushman & Wakefield
Economic Overview
Nonfarm employment grew by 23,000 jobs or +3.0% year-over-year (YOY) from August 2021 through August 2022, ...
|
• Two Multifamily Properties in Tucson Trade to New Owner in $65 Mil Deal
10/26/22
A portfolio of two multifamily assets in Tucson, AZ totaling 459 units was acquired by an unnamed investor for $65.15 mil, or $142k/unit. The assets were sold by San Diego-based Tower 16 Capital Partners.
Both assets receive...
|
Return to the Texas/Southwest area
