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Institutional Apartment Buy in Reno Priced at $55 Mil 6/06/14 In a recent institutional apartment buy in Reno, NV, RPM Co has purchased The Alexander at South Virginia, a luxury multifamily property set against the spectacular backdrop of the Sierra Nevada with unobstructed views of Mou...
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Parallel Capital Partners Inks $25 Mil of Renewal Deals at Phoenix Office Tower 6/05/14 In downtown Phoenix leasing news, Parallel Capital Partners has recently inked renewal deals for about 100k sf at its US Bank Center office property. The deals have a combined value of over $25 mil. This activity follows a ne...
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Pathfinder Partners Cooks Up Redevelopment Plan for Butterball Turkey Plant in CO 6/04/14 The former processing plant for Butterball Turkey in Longmont, CO was purchased by a venture of Pathfinder Partners and 150 Main LLC for $4.5 mil. The acquisition consists of seven parcels of land on 27.5 acres with 326k sf o...
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Clear Sky Capital Buys 252-Unit AZ Multifamily Property 6/03/14 Clear Sky Capital recently purchased The Lodge Apartments, a 252-unit, Class A apartment complex in Flagstaff, AZ. The asset was acquired from The Lodge Luxury Apartments, LLC (Bassham Family Trust) for $31.85 mil ($126k/unit...
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Transwestern Lands Leasing Assignment for New Houston Office Project 6/03/14 Transwestern was awarded the leasing assignment for a 203.3k sf, Class A office building in Houston. The building is part of Mid Main, a 214.6k sf, mixed-use project being developed by RHS Interests Inc.
The eight-story off...
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Las Vegas Shopping Center Sells for $30 Mil 6/02/14 Southwest Marketplace, a 115.7k sf, Class A shopping center in Las Vegas, was acquired by Philips Edison for $30.4 mil ($263/sf). Located at the signalized intersection of Rainbow Blvd and Windmill Lane, Southwest Marketplace...
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Henderson, NV Apartment Sale Sets Records 6/02/14 San Francisco-based Hamilton Zanze recently bought Elysian Parc, a 164-unit luxury apartment complex in Henderson, NV, for $26 mil. The transaction came in at a record price of $158.5k/unit and a record $152/sf for the Las Ve...
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NorthMarq Capital Arranges $74 Mil on Three Multifamily Properties 5/27/14 NorthMarq Capital arranged refinancing deals on three multifamily properties in separate deals totaling more than $74 mil. The transactions, arranged by NorthMarq’s Marty Meagher and Gardiner Champlin, are for properties in S...
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Cardinal Group Cos Leases 11k sf of Denver Office Space 5/27/14 Cardinal Group Cos has leased 11.3k sf of office space at Mountain Towers, a 19-story office building in Denver. The 209.8k sf property, located at 4100 E. Mississippi Ave, is owned by Northridge Capital, based in Washington ...
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AZ Seniors Manufactured Housing Community Goes for $7.35 Mil 5/27/14 Peoria Mobile Estates, a senior (55+) manufactured housing community in Peoria, AZ, Was purchased for $7.35 mil by an Arizona-based company that owns and operates a dozen other manufactured housing communities. It was sold b...
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Real Estate Capital Partners Acquires 248-Unit Phoenix Res Asset 5/27/14 Real Estate Capital Partners (“RECP”) recently acquired Crestone at Shadow Mountain Apartments, a 248-unit multifamily community in North Phoenix, for $27.2 mil ($109.7k/unit). It was sold by P.B. Bell, who will remain in-pla...
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Boulder, CO Office/Retail Building Sells for $233/sf 5/22/14 Hilltop Plaza, a 25.8k sf office/retail property in Boulder, CO, sold for around $6 mil ($233/sf). Located at 1310 College Ave, just west of Broadway St, the asset was sold by an affiliate of Green Courte Partners LLC to an u...
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Holualoa Companies Collects $26.5 Mil from AZ Retail Disposition 5/21/14 Hayden Station, a 107.5k sf, mixed-use office and retail property in Tempe, AZ was acquired by Mill Avenue Office LLC for $26.5 mil, or $247/sf. The property, located on the southwest corner of Mill Ave and 3rd St, was sold b...
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Resmark, Westfield and Greystar Start Work on 344-Unit AZ Res Community 5/20/14 A new joint venture between Resmark Apartment Living, Westfield and Greystar has broken ground on a 344-residence apartment community in Desert Ridge, AZ, about 11 miles north of Scottsdale. The project is on a 15-acre site a...
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Investors Trade 236-Unit Phoenix Multifamily Community 5/16/14 Tuscany Pointe Apartments, a 236-unit multifamily community in Phoenix, AZ, recently sold for $10.1 mil, or about $42.8k/unit. The property is located on 8.3 acres at 14830 North Black Canyon Hwy between the North Interstate ...
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Unico Refinances 325k sf CO Office Property 5/15/14 Unico has obtained $28 mil in refi money for Harlequin Plaza, a 324.8k sf suburban office building in Greenwood Village, CO. Tom Wilson, Eric Tupler and Kristian Lichtenfels of HFF arranged the new loan.
Harle...
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Phoenix Industrial Property Sells for $9 Mil 5/12/14 DCT Industrial Trust purchased 5th Street Industrial, a 110k sf industrial building at 3405-3445 S. 5th St in Phoenix, AZ. The property was sold by Clarion Partners for $9 mil, or $82/sf.
Located west of the I-10 in the hear...
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Vegas Retail Asset Sells for $11 Mil 5/09/14 First Allied Corporation recently purchased a 60.1k sf portion of Spring Valley Town Center in Las Vegas. The retail asset was acquired from David Jewkes of Integris Realty Services, who acted as court appointed receiver on b...
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Lowe Enterprises Investors Purchases 366k sf Denver Office Property 5/08/14 Lowe Enterprises Investors (LEI) has acquired Stanford Place II, a 366.2k sf, Class A office building in Denver on behalf of an investment client. The transaction value was not given out.
Built in 1982, the 17-story buildin...
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MCA Realty Closes on Three Vegas Acquisitions 5/08/14 MCA Realty recently acquired three properties in the Las Vegas market. The purchases, which included a 114.8k sf multi-tenant industrial business park, a 27.2k sf multi-tenant industrial business park and a 20k sf single-tena...
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