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• Freestanding Retail Building Near ASU Campus Purchased for New Blaze Pizza Location
11/19/15
SimonCRE acquired a 3.3k sf, freestanding retail building in the heart of the ASU trade area for $1.83 mil. The building, located at 105 W. University, just west of the intersection of Mill Ave and University Dr, was sold by ...
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• Vegas Office Building Trades in $18 Mil Deal
11/18/15
Westcliff Tower, an eight-story, 81.3k sf office building in Las Vegas, sold for $18.25 mil ($225/SF). The building is located at 6900 Westcliff Drive, just off of Rainbow Blvd near the US95 and Summerlin Pkwy.
The property ...
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• Bancroft Capital Completes 124k sf Colorado Office Buy
11/18/15
Bancroft Capital closed on the purchase of Sixth Avenue West, a 124.5k sf, Class A office building in Golden, CO. Located at 350 Indiana St, the property was sold by a joint venture between Diversified International Partners,...
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• Aerostar Leases 55k sf Phoenix Facility
11/16/15
Aerostar Aerospace Manufacturing inked a seven-year lease for a 55.3k sf industrial/manufacturing building in Phoenix. The building is at 2688 East Rose Garden Lane, east of I-17 and north of Loop 101.
The building is locate...
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• HFF Arranges $5.75 Mil Refi Loan on Idaho Hilton Garden Inn
11/16/15
HFF recently arranged $5.75 mil in senior lien financing for the Hilton Garden Inn Boise/Eagle, a 98-room, lodge-style Hilton-branded hotel on the banks of the Boise River in Eagle, Idaho. The borrower is a partnership of Joh...
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• Buchanan Street Partners Picks Up 370k sf TX Office Campus
11/13/15
Tollway Plaza, a 370k sf office campus in Dallas, TX, was acquired by Buchanan Street Partners. The asset, located at 15950 and 16000 North Dallas Pkwy, represents Buchanan Street’s third purchase in the Greater Dallas area t...
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• Partially Completed Project on the Las Vegas Strip Offered for Sale
11/12/15
Fontainebleau Las Vegas, a partially completed hotel casino project on the Las Vegas Strip, has been listed for sale. The project represents an original investment in land and improvements of more than $2 bil.
The developme...
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• Westwood Financial Corp Spends $7.6 Mil on Phoenix Area Retail Property
11/09/15
Westwood Financial Corp (WFC) has purchased Avondale Fiesta shopping center, a 34.1k sf, Kroger shadow-anchored retail center in Avondale, AZ. The property sold for $7.6 mil, or around $223/sf.
Built in 2004, Avondale Fiest...
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• New Medical Office Building Planned for Heights Neighborhood in Houston
11/06/15
Transwestern has been retained by local developer 927 Stude LLC to provide leasing services for Heights Central, a proposed 15k sf, medical office building in Houston. Planned for the northwest corner of Studewood and Omar st...
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• The Bascom Group and Oaktree Capital Management Team Up in $50 Mil Denver Res Buy
11/05/15
Axis at Nine Mile Station, a 336-unit multifamily community in Denver, was acquired by a venture between The Bascom Group and Oaktree Capital Management. The property was sold for $50.25 mil ($149.6k/unit) by Security Propert...
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• Hines Sells Retail Pad at North Scottsdale Office Project
11/04/15
Arizona State Credit Union and Cole Investment Group purchased a 1.45-acre retail pad at Kierland One, an office building in the North Scottsdale Airpark submarket. It was sold by Texas-based Hines.
Arizona State Credit ...
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• TruAmerica Multifamily Adds to Its Salt Lake City Portfolio with Purchase of Two Communities Totaling 926 Units
10/30/15
TruAmerica Multifamily has wrapped up another institutional-quality multifamily buy in Salt Lake City, picking up two properties for $102 mil, in a venture with The Guardian Life Insurance Company of America. This latest acqu...
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• Las Vegas Office and Retail Asset Fetches Over $18 Mil
10/29/15
In a recent investment comp from Las Vegas, a 53.7k sf office and retail property changed hands at a price of $18.4 mil, or $343/sf. The property, known as Fort Apache Commons, was 100% leased at the close of escrow.
Fort Ap...
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• Vestar Buys 384k sf Vegas-Area Mixed Use Center
10/27/15
Vestar has acquired The District at Green Valley Ranch, a 383.7k sf, mixed-use, retail and office center in the Las Vegas suburb of Henderson. Anchored by a 51.3k sf Whole Foods Market, The District at Green Valley Ranch, or ...
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• 3,000-Room Hotel Portfolio Changes Hands
10/21/15
Hall Equities Group, out of Walnut Creek, recently purchased a 29-property hotel portfolio located in Alabama, Arizona, Florida, Kansas, Michigan, Minnesota, Missouri, North Carolina, Oklahoma and Wisconsin. The portfolio, wh...
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• TruAmerica Multifamily Spends $47.5 Mil on 290-Unit AZ Res Community
10/19/15
TruAmerica Multifamily, in partnership with an institutional investor, recently wrapped up an Arizona apartment buy, paying $47.5 mil for Trevi, a 290-unit ($164k/unit) community in Chandler. The asset was sold by Phoenix-bas...
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• MG Properties Group Spends $68 Mil on 722 Res Units in Reno
10/15/15
San Diego-based MG Properties Group recently closed on the purchase of a two-property, 722-unit multihousing portfolio in Reno, NV for a total price of $68.1 mil, or $94.3k/unit. The portfolio was sold through Auction.com, th...
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• BKM Capital Partners Spends $26 Mil on AZ Biz Park
10/14/15
In a recent investment buy out of Phoenix, BKM Capital Partners has acquired the Koll Cotton Center, a seven-building, 225.4k sf industrial business park in Phoenix, for $26 mil ($115/sf). The property was sold by real estate...
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• Drawbridge Realty Spends $37 Mil on 200k sf of Denver Corporate Real Estate Space
10/06/15
San Francisco-based Drawbridge Realty LLC has acquired two buildings totaling 208k sf in the Denver area for $37 mil, or about $178/sf. The buildings are located at 5970 Greenwood Plaza Blvd and 8051 E. Maplewood Ave, in the ...
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• Vegas Area Retail Center Trades for $2.9 Mil
10/02/15
In a recent retail acquisition from Las Vegas, an investor purchased Coffee Bean & Tea Leaf Drive Thru and Shops, an 11.8k sf, multi-tenant shopping center, for $2.85 mil ($242/sf) in an all-cash deal. The property is located...
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