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• Lincoln Property Company to Develop 1.8 msf of Office Space at Tempe, AZ Master-Planned Community
3/12/15
Lincoln Property Company (LPC) has been selected to develop the first phase of Class A and mixed-use office space for The Grand at Papago Park Center, situated in the heart of downtown Tempe, AZ. The 60-acre, urban mixed-use ...
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• Huntington Industrial Partners and Artemis Real Estate Partners Begin Work on 350k sf, Dallas-Area Industrial Project
3/11/15
Denver-based Huntington Industrial Partners and Artemis Real Estate Partners, a Washington, D.C. metropolitan area-based real estate investment manager, have begun construction on DFW Airport North Distribution Center II, an ...
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• Laurus Corp Pays $19 Mil for 94k sf Mixed-Use Project in Scottsdale
3/09/15
LA-based Laurus Corp paid $18.7 mil for Canyon Village, a 93.9k sf ($199/sf) mixed-use project within the DC Ranch masterplanned community in Scottsdale, AZ. The property, situated on on 5.6 acres at 18801, 18835, 18867 and 1...
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• Mark One Capital Arranges $11.7 Mil for Two Net-Leased Financing Deals
3/09/15
Mark One Capital, a leading provider of capital markets expertise with access to highly competitive commercial real estate loan products,
Mark One Capital has arranged $11.7 mil in separate loans for two net-leased properti...
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• Dorsey Lane is Watt’s Happening in Tempe, AZ
3/06/15
Dorsey Lane, a 51-unit, for-sale upscale urban living townhome project in central Tempe, AZ, has just broken ground. Dorsey Lane is being developed by Watt Communities of Arizona, a division of SoCal-based Watt Communities.
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• MG Properties Group Closes 270-Unit AZ Res Buy
3/05/15
San Diego-based MG Properties Group has wrapped up another major multifamily buy. In this latest deal, the compny paid $36.2 mil for Trillium Papago Apartments, a 270-unit ($134k/unit) complex in Phoenix, AZ.
Built in 2007, ...
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• Dallas Apartment Community Trades Hands
3/04/15
Mandalay Palms, a 45-building, 600-unit apartment property in Dallas, was sold by an El Paso-based investment company. The terms of the sale were not released.
Built in 1985, Mandalay Palms sits on 25.5 acres at 7501 Chester...
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• Phoenix Office Property Sells for $183 Mil in Institutional Investment Deal
2/27/15
We’ve got a major institutional office buy out of Phoenix to report, as a Crown Properties Inc-led entity has acquired the Apollo Corporate Headquarters campus, a 599.7k sf, single-tenant complex, for $183 mil ($305/sf). The...
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• Hines and Novak Brothers Break Ground on Hotel Development in Georgetown, TX
2/25/15
Hines and its joint venture partner, Novak Brothers, have broken ground on The Sheraton Georgetown Texas Hotel and Conference Center in Georgetown, TX. Construction on the project is expected to be completed in summer 2016.
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• AZ Manufactured Home Community Trades for Almost $24 Mil
2/25/15
Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe, AZ, recently sold for $23.85 mil. The deal works out to $66.4k per space at a 6.25 percent cap with a 43.75 percent expense l...
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• MIG Real Estate Completes Mixed-Use Buy in Austin, TX
2/24/15
Newport Beach-based MIG Real Estate recently closed on a large property buy in Austin, TX. The firm purchased Midtown Commons at Crestview Station, a mixed-use project consisting of 562 res units and 58.9k sf of commercial sp...
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• Investors Spend Nearly $10 Mil on Two AZ Retail Buys
2/24/15
Two multi-tenant retail centers in Gilbert, AZ, a submarket of Phoenix, sold for a combined transaction value of $9.86 mil. The properties, totaling 68.2k sf ($145/sf) in size, were sold by affiliates of LNR Partners.
One of...
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• ViaWest Group Picks Up 50k sf AZ Office Property
2/23/15
ViaWest Group has boosted its portfolio with the recent purchase of a 49.5k sf multi-tenant office building in Tempe, AZ. The property, ConneXion (previously referred to as Transamerica Research Center), is located at 7855 S....
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• Houston-Area Residential Community Trades Hands
2/20/15
Hartford Park Apartment Homes, a 328-unit multifamily community located four miles from the Energy Corridor in Houston’s Westchase District, was purchased by Omninet Capital. The terms of the sale were not released.
B...
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• Velocis Picks Up 175k sf Office Property in Scottsdale
2/19/15
Camelback Square, a three-story, 174.9k sf office property in Scottsdale, AZ, was acquired by Velocis, a private equity real estate fund. The asset, situated in the heart of the city’s Old Town, was sold by Lincoln Property C...
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• Wood Partners Breaks Ground on Dallas Res Development
2/19/15
In residential development news out of Dallas, TX, Wood Partners LLC has broken ground on Alta Yorktown, a six-acre, 226-unit multifamily rental community one mile west of the city’s downtown. Next to the hip new Trinity Grov...
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• Alhambra Developer Buys 344 Res Lots at Lake Las Vegas
2/18/15
Here’s news of a sizable residential land buy in the Vegas area, as Alhambra-based developer RY Properties and its investment partners purchased 344 partially improved lots on 127 acres at the former site of The Falls Golf Co...
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• Transwestern Investment Group Picks Up Scottsdale, AZ Office Property
2/18/15
Lincoln Town Centre, a 226.1k sf office building in Scottsdale, AZ, was acquired by Transwestern Investment Group on behalf of its TSP Value and Income Fund. Built in 1999, the property is located at 4150 N. Drinkwater Blvd, ...
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• Transwestern-Led Venture Breaks Ground on Mixed-Use Project in East Austin
2/17/15
Here’s news of a new mixed-use development just getting underway in Austin, TX. The project, being built by Transwestern Development Co and its partners, is a two-building project situated on a 4.2-acre site at 1621 and 1645 ...
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• Bascom / Oaktree Venture Buys 480-Unit TX Apartment Community
2/13/15
The Timber Links, a 480-unit apartment community in Denton, TX, was acquired by a $250 mil venture by Bascom and funds managed by Oaktree Capital Management L.P. The buyers have an extensive renovation planned for the propert...
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