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• Vegas Veterans Administration Building Sells for Over $26 Mil
10/01/15
The Veterans Administration Building, a 35k sf office building in Las Vegas, has sold at a price of $26.75 mil ($764/sf). The building, located at 3968 Rancho Drive, east of the 95 Fwy and south of Craig Rd, is fully occupied...
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• Single-Tenant Lifetime Fitness Property in Summerlin Sells for Over $50 Mil
9/30/15
A 145k sf, single-tenant retail property in Summerlin, NV that is NNN-leased to Lifetime Fitness sold for $51 mil, or around $352/sf. We’re told this is the highest price paid for a single-tenant retail asset this year, on a ...
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• MCA Realty Boosts Vegas Portfolio with Four Recent Acquisitions
9/29/15
MCA Realty recently acquired four industrial properties in Las Vegas. With these latest deals, the firm’s portfolio now encompasses a total of 14 properties and well over 600k sf in the region.
“The Las Vegas market has demo...
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• 230k sf Power Center in Henderson, NV Listed for Sale
9/25/15
Sunmark Plaza, a 232k sf, best-in-class power center in Henderson, NV, has been listed for sale. Built in 2001, Sunmark Plaza is located at 611 Marks St, at the northwest corner of Marks and Sunset Rd.
Sunmark Plaza feature...
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• TruAmerica Multifamily and Investcorp Close $70 Mil Denver Area Apartment Buy
9/25/15
The Cherry Creek Club, a 561-unit apartment home community in Denver’s Cherry Creek submarket, was purchased for $71 mil ($127k/unit) by TruAmerica Multifamily and its institutional capital partner, Investcorp.
Built in 1974...
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• The Bascom Group and Oaktree Capital Management Purchase Upscale Res Community in the Vegas Metro Area
9/23/15
Vantage, a 110-unit premier luxury rental community in the Las Vegas Metro area, was acquired by a $300 mil venture between The Bascom Group LLC and funds managed by Oaktree Capital Management, L.P. in a $39 mil transaction. ...
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• Colorado Retail Buy is Golden
9/22/15
Interplaza West Shopping Center, a Class A, 31.7k sf retail center in Golden, CO, was acquired by an investor for $8.65 mil, or about $273/sf. The property, located at 17120-17132 West Colfax Ave, south of 6th Ave and east of...
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• Tempe, AZ Self-Storage Facility Sells for $6.7 Mil
9/18/15
HG Capital and its operating partner, Hibernia Capital Advisors, sold a 52k sf self-storage facility in Tempe, AZ for $6.7 mil, or $129/sf. The partnership acquired what was at the time an under-managed asset back in Septembe...
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• Pathfinder Partners Picks Up 64 Units at Vegas Res Tower Development
9/17/15
Pathfinder Partners LLC recently boosted its multifamily portfolio with the purchase of 64 units in Sky Las Vegas – a 42-story, 409-unit luxury condominium community in Las Vegas. The property, constructed in 2007, is located...
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• Watt Communities of Arizona Picks Up Phoenix Dev Site for New Res Project
9/17/15
Watt Communities of Arizona recently closed on a $2.47 mil purchase of 3.43 acres in Phoenix for development of an urban infill residential project. To be called View 32, the planned development is located just north of the n...
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• Westwood Financial Corp Collects $14 Mil from Arizona Sale
9/17/15
Arrowhead Plaza, an 84.6k sf retail center in Glendale, AZ, was purchased for $14 mil ($166/sf) by an investor that also owns the adjacent center. Arrowhead Plaza, located at 20165 N. 67th Ave, was sold by Westwood Financial ...
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• Phoenix MOB Portfolio Trades in $141 Mil Deal
9/17/15
Here’s the news about a major medical office property buy in Phoenix, as Physicians Realty Trust, a self-managed healthcare real estate company, has acquired the Integrated Medical Services portfolio for $141 mil. The transac...
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• Phillips Edison & Company Collects $13 Mil from Sales of Two Retail Assets
9/16/15
Cincinnati, OH-based institutional investment firm Phillips Edison & Company recently sold two shopping centers totaling 250k sf in the Western US in transactions with a combined value of roughly $13 mil.
In Blaine, WA, the ...
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• Sierra Capital Buys 175-Unit Senior Housing Facility in Mesa, AZ
9/14/15
Sierra Capital purchased Courtyard Towers, a 175-unit seniors housing property in Mesa, AZ, for $20.86 mil ($119.2k/unit). The independent living, assisted living and memory care community, in operation since 1997, was sold b...
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• Standard Management Company Pays $27 Mil for Vegas Area Residential Community
9/14/15
Standard Management Company (SMC) has purchased Parc West Apartments, a 248-unit residential property in the Summerlin submarket of Las Vegas, for $27.3 mil, or about $110k/unit.
Built in 1989, the community is situated on ...
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• Wood Partners Breaks Ground on New Res Project in Downtown Phoenix
9/11/15
Wood Partners LLC has broken ground on Alta Fillmore, a 4.1-acre multifamily community in the heart of downtown Phoenix that will offer 230 units with superior amenities and high-end finishes. The project, located on Fillmore...
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• Randy Baird, Jud Clements and Robby Rieke Join Cushman & Wakefield
9/11/15
The Dallas-based industrial investment sales trio of Randy Baird, Jud Clements and Robby Rieke have joined Cushman & Wakefield’s national industrial investment sales team, out of Dallas.
The Baird, Clements, Rieke team join...
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• Rance King Properties Closes 213-Unit Res Buy in Henderson, NV
9/10/15
Rance King Properties Inc recently purchased Alexan Black Mountain, a 213-unit multifamily property located in Henderson, NV. Built in 2013, Alexan Black Mountain consists of seven buildings located at 320 Conestoga Way.
Ale...
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• Whitestone REIT Adds Corner Asset to an Existing AZ Retail Property
9/09/15
Whitestone REIT has acquired a hard corner at its Gilbert Tuscany Village property in Gilbert, AZ for $1.7 mil. The corner, which is located at the busy intersection of Guadalupe Rd and North Higley Rd, contains a never occup...
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• Stitch Fix Sews Up 365k sf Phoenix Industrial Facility
9/04/15
Stitch Fix recently inked a lease for a new, 365k sf distribution center in Phoenix. The facility, located on West Lower Buckeye Rd, will open in November 2015 and will help the company scale operations and better serve clien...
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