|
• Commercial Real Estate Financing Briefs
3/11/24
MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
|
• The Bascom Group Buys 96-Unit Res Property in New Mexico
3/11/24
The Bascom Group LLC has acquired San Miguel Court Apartments, a 96-unit multifamily community in Santa Fe, New Mexico. The price was disclosed.
Built in 1974 built, San Miguel Court Apartments is a garden-style multifamily ...
|
• IDEAL Capital Group Buys Phoenix Area Multifamily Community for $108 Mil
3/11/24
IDEAL Capital Group purchased Sentio, a 325-unit, LEED® Silver, Class A multifamily community in North Phoenix, in a $108 mil ($332.3k/unit) transaction. The property, located at 3600 W Happy Valley Rd in Glendale, was sold b...
|
• Canadian Firm Spends $24 Mil on 115k sf Industrial Facility Near Phoenix Sky Harbor International Airport
3/08/24
Canada-based MDC Realty Advisors (MDC) purchased a 114.9k sf, Class A industrial facility in Phoenix for $24.3 mil in a sale/leaseback transaction. The current occupant, American Refrigerator Supplies Inc, sold the freestandi...
|
• Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke Join JLL Capital Markets
3/07/24
Senior Managing Directors Brian Smuckler and Jeff Seaman and Senior Directors Derek Smigiel and Bryson Fricke have joined JLL Capital Markets’ multi-housing investment sales advisory team in Phoenix.
The team will focus on ...
|
• Peak Development Partners and Kristian Cotta of Hungry Investments Buy 5.5-Acre AZ Development Site
3/07/24
Peak Development Partners and Kristian Cotta of Hungry Investments have acquired a 5.5-acre parcel of land located at the corner of Chandler Blvd and Cooper Rd in Chandler, AZ from NGAI Family Trust. The price was not disclos...
|
• Phoenix Retail Trade Works Out to $287/sf
3/06/24
In a recent Arizona retail sales comp, a 5.6k sf, four-tenant shopping center property in Phoenix was purchased for $1.61 mil ($287/sf) by North Creek LLC.
The center is located at 12831-12839 N Cave Creek Rd, at the signal...
|
• Clark County Spends $10.4 Mil on Vacant Hospital Building in Las Vegas
3/06/24
A recently constructed, 17.1k sf, 24-bed psychiatric hospital building in Las Vegas was acquired by Clark County in Nevada in a $10.4 mil ($608/sf) transaction. The building was completed in 2021 but has never been fully occu...
|
• New Rental Home Project in Goodyear, AZ is Finished
3/06/24
TerraLane at Canyon Trails South, a 297-residence rental home project in Goodyear, AZ has been completed. It is being developed by.
TerraLane at Canyon Trails South is located at 25 North 173rd Ave, less than a mile south of...
|
• Balfour Pacific Capital and Stone View Holdings Pick Up Two Res Communities in Phoenix
3/05/24
Balfour Pacific Capital and Stone View Holdings have acquired a two-property portfolio of build-to-rent multifamily communities in Phoenix. The deal was financed with a two-year, $37.25 mil bridge acquisition loan to allow fo...
|
• Legacy Partners and Bridge Investment Group Wrap Up Work on Texas Res Community
3/05/24
Legacy Partners and Bridge Investment Group have completed work on Ovation at Galatyn Park, a 361-residence apartment community in the northeastern Dallas suburb of Richardson, TX.
Designed by WDG, Ovation at Galatyn Park i...
|
• SLX Development Picks Up 14 Acres in McKinney, TX
3/04/24
SLX Development purchased a 14-acre parcel of land in McKinney, TX. SLX is in the planning stages to develop a mixed-use property on the site, located at the corner of El Dorado Pkwy and Stonebridge Dr.
The land was sold by ...
|
• Local Investment Group Buys 16k sf Retail Center in TX
3/04/24
Shops at The Gate in Frisco, a 16k sf, Class A retail center in Frisco, TX, was acquired by 3 Pillars Equity, a Frisco-based investment group. The price was not given out.
Built in 2021, the property consists of two building...
|
• Tower 16 Capital Partners Closes $43 Mil Multifamily Buy in Reno
2/29/24
San Diego-based Tower 16 Capital Partners has acquired The Deco at Victorian Square, a 209-unit multifamily property located in Reno, NV, in a $43 mil ($206k/unit) transaction.
Built in 2021, The Deco is located at 955 Avenu...
|
• Spec Industrial Project in Denver is Nearing Completion
2/28/24
Construction is nearing completion on Point Central Business Park, a 157.5k sf, speculative industrial project on over 9.5 acres in Denver. The project, a development of StarPoint Properties, broke ground last summer and is s...
|
• LaForce Leases 34k sf Space at Boyd Lake Commerce Center in Loveland, CO
2/27/24
LaForce agreed to a long-term lease for 33.7k sf, or approximately one-third, of Building One at Boyd Lake Commerce Center (BLCC), a brand new 100k sf, Class A industrial and distribution building constructed on a spec basis ...
|
• Midway Breaks Ground on New 320k sf Office Tower at CITYCENTRE in Houston
2/26/24
Houston-based Midway has broken ground on CITYCENTRE Six, a 19-story, 320k sf Class A office tower in Houston. CITYCENTRE Six’s anchor tenant will be Dow, a global materials science company that leased roughly 200k sf of the ...
|
• New 483-Unit Res Community Completed in Northeast Austin
2/26/24
Camber Ranch, a new 483-unit apartment community in Austin, TX, has been completed with the first residents moving in. Designed by Humphreys & Partners, the multifamily project is a development of Legacy Partners and Bridge I...
|
• Hines to Develop Two Self-Storage Facilities in Texas
2/23/24
Hines plans to develop two new Class A self-storage facilities in Texas -- Custer Self-Storage in Frisco, and Jupiter Self-Storage in Garland -- later this year. Both state-of-the-art, multi-level facilities will feature maso...
|
• Arizona State School for the Deaf and Blind Inks Office Lease in Phoenix
2/20/24
Arizona State School for the Deaf and Blind (“ASDB”) agreed to a lease for 9.3k sf of space at The West on Dunlap office project in Phoenix. The organization will use the space, located at 2445 W. Dunlap, for administrative p...
|
Return to the Texas/Southwest area
