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• Newmark Realty Capital Arranges Purchase Money for 88k sf AZ Shopping Center
6/29/15
Newmark Realty Capital Inc has arranged acquisition financing for Northsight Village, an 88k sf, Savers-anchored shopping center situated on approximately 8.957 acres in Scottsdale, AZ. The non-recourse loan has a 10-year ter...
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• Premier Business Centers Opens Its First Las Vegas Location
6/26/15
Irvine-based Premier Business Centers has opened it first location in Las Vegas. On June 1st of this year, Premier, the largest privately owned executive office suite operator in the US, acquired the WaterMark Executive Suite...
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• Cypress West Partners Teams with MedProperties Holdings in Purchase of Two AZ Medical Office Properties
6/25/15
Cypress West Partners has purchased two high-profile medical office buildings in Scottsdale, AZ in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm headquartered ...
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• Parallel Capital Partners Closes $94 Mil Phoenix Office Buy
6/23/15
San Diego-based Parallel Capital Partners announced today it has acquired One North Central – a 20-story, trophy office building in downtown Phoenix – for $93.75 mil, or $229/sf. The 410k sf, Class A tower was acquired from O...
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• Sealy & Company Buys 900k sf Texas Industrial Portfolio
6/23/15
Sealy & Company has purchased 902.7k sf of Class A industrial assets in Texas on behalf of its investment offering, SSEP. Four buildings totaling 758.7k sf are located in El Paso, TX and the remaining building totaling 144k ...
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• MVP REIT Spends $36 Mil on Five Parking Facilities in Four States
6/22/15
MVP REIT Inc recently completed the acquisition of five parking facilities in four states for an aggregate purchase price of $36 mil. The acquisitions are comprised of parking garages and surface parking lots.
"Each of these...
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• Phoenix Industrial Portfolio Sells for $42 Mil
6/19/15
The Realty Associates Fund X, L.P. purchased the White Star Portfolio, nine industrial buildings totaling 460.7k sf situated near Phoenix Sky Harbor International Airport and the city’s interstate highway systems. The assets ...
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• Development of Houston Res Tower Funded with $55 Mil Loan
6/17/15
PCCP LLC has provided a $55.2 mil senior loan to a joint venture between The Carlyle Group and Pelican Builders for the ground-up development of The Wilshire, a 17-story, 96-unit luxury condominium project in the River Oaks s...
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• Sunbelt Enterprises Sells 1.2 msf of Properties Throughout SoCal and Las Vegas
6/17/15
Sunbelt Enterprises LLC has recently completed six property sales totaling roughly 1.18 msf, representing more than half its 2.1 msf portfolio for sale. The properties are concentrated in the Southern California and Las Vegas...
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• Griffin Capital Essential Asset REIT II Acquires Las Vegas Office Property
6/16/15
Griffin Capital Essential Asset REIT II Inc acquired MGM Corporate Center facility in Las Vegas, NV for $30.3 mil. The property is comprised of three fully renovated, 100% occupied office buildings totaling 168.3k sf, which a...
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• Walker & Dunlop Originates $4.5 Mil Refi on Reno Multifamily Property
6/15/15
Walker & Dunlop Inc originated a $4.55 mil Fannie Mae loan for the refinance of Plumas Garden Apartments, a 105-unit multifamily property located at 2850 Plumas St in Reno, NV. The borrower is a partnership affiliated with th...
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• Held Properties Acquires 97k sf AZ Office Asset
6/15/15
Held Properties has acquired Crossroads of Tempe, a 96.7k sf office complex located in Tempe, AZ. Held acquired the property for $17.18 mil, or over $177/sf, from Via West Properties LLC and Southwest Value Partners.
Locate...
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• Olympus Property Buys 312-Unit Apartment Community in San Antonio
6/12/15
Fort Worth, TX-based Olympus Property has purchased Tacara at Westover Hills, a 312-unit apartment community in San Antonio. The price was not released.
Constructed in 2014 on 13.4 acres, the community is located at 8543 Sta...
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• TruAmerica Makes First NV Buy with $50 Mil Purchase of Solis at Flamingo in Vegas
6/11/15
TruAmerica Multifamily and institutional capital partner Investcorp have acquired Solis at Flamingo, a 524-unit urban infill apartment community in Las Vegas. The asset was purchased from Alliance Residential in an off-market...
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• Investors Trade 2,470-Unit TX Res Complex
6/10/15
Broadway Square Apartments, a 2,470-unit apartment complex adjacent to the William P. Hobby Airport in Houston, was just purchased by an out-of-state investment entity. We’re told that the property is the largest single multi...
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• BH Properties Picks Up 230k sf AZ Portfolio from Buchanan Street Partners
6/10/15
LA-based BH Properties LLC recently acquired a three-property, 230.5k sf office/industrial portfolio in Arizona from Buchanan Street Partners for $22.85 mil ($99/sf). The assets traded are located in the cities of Tempe and C...
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• 216-Unit Res Community in Waco, TX Trades Hands
6/09/15
The Residence at Central Texas Marketplace, a 216-unit apartment community in Waco, TX, traded hands. The terms of the sale were not released.
Built in 2005 on 11 acres at 5210 Bagby Ave in Waco, the community is located at ...
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• Green Leaf Capital Partners Complete $22 Mil AZ Res Buy
6/03/15
Cortona at Dana Park, a 222-unit multifamily community in Mesa, AZ, sold for $22.1 mil, or about $99.6k/unit. The buyer was Green Leaf Capital Partners.
Developed by Hrebec Properties in 1986, Cortona at Dana Park is located...
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• BH Properties Acquires 287k sf Salt Lake City Industrial Facility
6/02/15
BH Properties has purchased a 287k sf industrial facility in Salt Lake City, UT in an all-cash deal that closed in 15 days. The property is located at 620 N. John Glenn Rd, north of I-80 on the west side of Salt Lake City Int...
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• Three-Building AZ Flex/Office Portfolio Sells for Over $10 Mil
6/01/15
A three-building, flex office portfolio in Phoenix traded for $10.5 mil, or $165/sf. The buildings are located in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10-percent vacan...
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