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• New 1.75 msf Logistics Development Gets Underway in Phoenix’s Loop 303 Corridor
8/18/22
Merit Partners, First Industrial Realty Trust and Diamond Realty Investments have broken ground on Phase One of C|303, a Class A modern industrial logistics park situated in the heart of metro Phoenix’s Loop 303 industrial co...
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• Federal Realty Investment Trust Closes $53 Mil Office Buy in Scottsdale
8/17/22
Federal Realty Investment Trust paid $53.6 mil for Scottsdale Forum, a 214k sf ($251/sf), Class A office building in Scottsdale, AZ. The property was sold by CapRidge Partners.
Recently renovated, Scottsdale Forum is a trop...
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• Investors Nab Two Colorado Springs Retail Centers in $13.85 Mil Worth of Deals
8/17/22
Two shopping centers in Colorado Springs, CO traded hands in separate deals totaling $13.85 mil. A Colorado-based private investor acquired Springs Ranch Shopping Center for $8.3 mil, while a San Diego-based 1031 exchange inv...
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• Development Site in the Denver Tech Center Submarket Goes for $23 Mil
8/15/22
A 6.31-acre site in the heart of the Denver Tech Center submarket traded hands for $23 mil. The land, which was sold by a joint venture between EverWest and Independencia Asset Management, will be used for the planned develop...
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• New 217-Unit TX Apartment Complex Purchased by The Jacobson Company
8/12/22
In an off-market deal, The Jacobson Company purchased Atlantica at Burleson, a new, 217-unit Class A multifamily community in the Fort Worth, TX submarket of Burleson. The property is located at located at 285 SE John Jones D...
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• Investor Exchanges into 82k sf AZ Retail Property
8/12/22
A CA-based 1031 exchange investor paid $12.27 mil for Fiesta Mercado Shopping Center, an 82.4k sf ($149/sf), grocery-anchored property in Tucson, AZ. The property is located at 2930 to 2980 S. 6th Ave, just east of the conflu...
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• MAG Capital Partners Buys Utah Cold Storage Facility
8/12/22
MAG Capital Partners LLC purchased a 62.9k sf cold storage facility in Ogden, UT. The property, located at 130 West 28th St, is tenanted by Western Gateway Storage Corp. Terms of the sale were undisclosed.
Situated on 1.34 a...
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• Archway Buys Res Complex in the Dallas Area
8/12/22
Archway Equities acquired Toscana Apartments, a 192-unit multifamily property in Carrolton, TX, one of the fastest growing suburbs in Dallas. The property was sold by HLC Equity.
The purchase represents Archway’s second ap...
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• Phoenix Multifamily Property Sells for $36.5 Mil
8/11/22
Paradise Palms, a 130-unit, value-add multifamily community situated in the Biltmore/Uptown submarket of Phoenix, traded hands for $36.5 mil, or $281k/unit. The property was sold by Ogden Capital Partners LLC.
Constructed in...
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• Target Leases New 141k sf Class A Distribution Facility in Central Denver
8/10/22
Target Corporation has leased a brand new, 141.5k sf Class A industrial/distribution building in Central Denver. The building, located at 6300 North Broadway, is owned by Prologis and named Prologis Broadway Distribution Cent...
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• Davlyn Investments Spends $65 Mil on Vegas Res Community
8/10/22
Davlyn Investments has purchased Rancho Destino, a 184-unit, luxury, multifamily community situated on 9.1 acres at 4355 S Durango Dr in Las Vegas, for $65.5 mil ($356k/unit). The property, which has been re-branded “Aviara,...
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• Denver Buyer Spends $111 Mil on Tempe Multifamily Portfolio
8/09/22
A two-property, 369-unit multifamily portfolio in the Southeast Valley of Phoenix, sold for $111.75 mil ($303/sf). The buyer was Denver-based Jason McCool. It was sold by a joint venture between Avanti Residential and KKR Re...
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• Vacant Building in Downtown Salt Lake City Trades in $3 Mil Deal
8/09/22
Salt Lake City-based Lee Development Group paid $3 mil for a vacant, 22.9k sf warehouse/office building located on just under one-half acre of land at 47 E. 700 S. in downtown Salt Lake City. The buyer plans to redevelop the ...
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• Colorado Single-Tenant Industrial Asset Gets New Owner in $4.2 Mil Deal
8/05/22
A 16.3k sf, single-tenant industrial building on 7.24 acres in Windsor (Fort Collins), CO sold for $4.17 mil ($256/sf) in an off-market deal. The property was purchased by Pioneer Land Company LLC, which was fulfilling a 1031...
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• Recently Constructed Phoenix Office Building Sells for $573/sf
8/05/22
Camelback Collective, a recently constructed, 115.8k sf Class A office building in Phoenix, was acquired by Oklahoma City-based Humphreys Capital in a $66.35 mil transaction. The property was over 95% leased at the time of sa...
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• Phoenix Res High-Rise Traded in $93 Mil Transaction
8/04/22
44 Monroe, a 184-unit, luxury multifamily community in Phoenix, has traded for $93.5 mil ($508k/unit). Built in 2008, the property is located at 44 W. Monroe St, south of I-10 at Central Ave in the heart of the city’s downtow...
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• DB Capital Management and Equity Partner Thrive FP Acquire 100-Unit Apartment Property in the Salt Lake City Area
8/04/22
DB Capital Management and equity partner Thrive FP have acquired Autumn Glen, a 100-unit apartment community in the Salt Lake City submarket of Taylorsville, UT. It is DB Capital’s fifth purchase in the Salt Lake City MSA ove...
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• Schnitzer Properties Buys 225k sf Phoenix Industrial Complex
8/01/22
Westech Business Center I & II, a seven-building 225.3k sf light industrial complex in Phoenix, was acquired by Portland, OR-based Schnitzer Properties, formerly Harsch Investment Properties. The property was sold by LBA Logi...
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• Decron Properties Acquires Phoenix-Area Res Community in $91 Mil Deal
7/29/22
Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 mil, or $421k/unit.
Completed earlier in 2022, The Wyatt offers a mix of one-, two-and t...
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• EKN Development to Start Work on Dual-Branded Fairfield Inn and TownePlace Suites in Tempe, AZ
7/28/22
EKN Development Group has secured $24.5 mil in construction financing for the development of the dual-branded Fairfield Inn and TownePlace Suites, a 148-key, select-service hotel in Tempe, AZ.
The four-story property will fe...
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