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• Pathfinder Partners Collects $16 Mil from Sales of Two Re-Branded Multifamily Properties
5/28/15
Pathfinder Partners LLC has sold two newly rebranded and renovated multifamily properties in Seattle and Phoenix for more than $16 mil in separate transactions with different buyers. San Diego-based Pathfinder specializes in ...
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• Griffin Capital Essential Asset REIT II Closes Phoenix Corp Property Buy
5/27/15
In a Phoenix investment deal, Griffin Capital Essential Asset REIT II Inc purchased a 300k sf, data center building and a 213.4k sf, four-story office building that are leased to American Express Travel Related Services Compa...
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• Buchanan Street Partners Closes 164k sf Texas Office Buy
5/26/15
In a recent Texas office buy, Buchanan Street Partners purchased San Pedro Plaza, a 163.8k sf building in San Antonio. The price was not disclosed.
San Pedro Plaza is located at 7330 San Pedro Ave, in the North Central Marke...
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• Colorado Office Asset Goes for $326/sf
5/22/15
In a recent Colorado office buy, Newport Beach-based KBS Real Estate Investment Trust III purchased Village Center Station, a 234.9k sf, LEED Gold-certified building in Greenwood Village, for $76.7 mil ($326/sf). The nine-st...
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• 183-Unit Seniors Complex is Bascom Group’s Eighth Las Vegas Valley Purchase over the Past 20 Months
5/22/15
The Bascom Group LLC acquired Boulder Palms Senior Apartments, a 183-unit residential complex in Las Vegas. The property, located at 4350 Boulder Hwy, traded for $10.35 mil, or $56.5k/unit.
Completed in 1997, Boulder Palms ...
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• Phoenix Res Complex Trades in $8.7 Mil Deal
5/21/15
Aura at Midtown, a 96-unit apartment complex in Phoenix, sold for $8.69 mil, which works out to $90.5k/unit. Located inside Encanto Village at 3623 North 5th Ave, the property was purchased by Capital Real Estate.
The proper...
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• 60-Acre Vegas Site Offered for Sale
5/20/15
We’ve learned of a 60-acre parcel in Las Vegas that has been listed for sale. The land is located on the northeast corner of Harmon Ave and Koval Lane, within the city’s famed resort corridor between Planet Hollywood Resort &...
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• ViaWest Group Acquires Multi-Tenant Industrial Property in Phoenix
5/19/15
ViaWest Group paid $3.07 mil for Riverside Industrial, a 72k sf ($43/sf) multi-tenant industrial building in Phoenix. The building, located at 77 N. 45th Ave, in the heart of southwest Phoenix, was sold by El Segundo-based Co...
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• Arizona Multifamily Community Trades in $47 Mil Deal
5/15/15
Stone Canyon, a 392-unit community in Mesa, AZ, was purchased for $47 mil ($120k/unit) by O.R.R. Mesa 1 LLC. Built in 2000 on 23.7 acres, the property is located off U.S. Route 60 at 5210 East Hampton Ave.
Stone Canyon is n...
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• Smart & Final Inks Anchor Lease at Phoenix Shopping Center
5/13/15
Smart & Final Extra has inked a 15-year lease for a 28.2k sf anchor space at Pueblo Point, a 54.4k sf shopping center in Phoenix. The property, located at 13823 N. Tatum Blvd, is owned by Westwood Financial Corp, one of the l...
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• Phoenix Apartment Community Sells for $59k/Unit
5/11/15
Tesoro, a 150-unit apartment property in Phoenix, was purchased for $8.9 mil ($59.3k/unit) by Werner Investments. Tesoro is located at 8603 North 22nd Ave, less than one-half mile west of the future Valley Metro light rail No...
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• Investor Buys 233-Unit TX Multifamily Asset
5/06/15
Glen Willows Apartments, a 233-unit apartment complex in Corpus Christi, TX, was purchased by an unnamed limited liability investor. The price was not disclosed.
Built in 1973 on 10.3 acres, Glen Willows Apartments is locate...
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• Younicos AG Leases 32k sf of Austin, TX Office Space
5/05/15
Younicos AG has inked a seven-year lease for 32.5k sf in Austin, TX. Younicos AG, a global leader for intelligent storage and grid solutions within the clean energy industry, will be using this space as its United States head...
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• Westwood Financial Closes on 95k sf Texas Retail Buy
5/05/15
Legacy Ranch, a 95k sf neighborhood shopping center in Frisco, TX, was purchased by Westwood Financial Corp. The property was acquired from Folsom Companies. The price was not disclosed.
The property, located at 4851 Legacy ...
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• Hines Begins Work on 950k sf Biz Park in Southwest Houston
5/01/15
Hines has acquired approximately 75 acres of land in southwest Houston on which they intend to develop Beltway Southwest Business Park, a Class A, master-planned business park capable of accommodating approximately 950k sf of...
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• Dividend Capital Diversified Property Fund Makes $69 Mil TX Office Buy
4/30/15
Inc (DPF) has acquired the City View Portfolio, a collection of four multi-tenant office buildings in Austin, TX, for $68.75 mil. DPF funded the acquisition through cash on hand and availability under its revolving credit fac...
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• Dallas / Forth Worth Office Property Trades Hands
4/29/15
Coliseum Storage Associates LLC, a California limited liability company, purchased a 96.5k sf, single-tenant office building in the Dallas/Fort Worth area that is 100 percent leased by Avaya Inc. The terms of the sale were no...
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• Easterly Government Properties Picks Up 115k sf HQ Building in Lakewood, CO
4/29/15
Easterly Government Properties Inc recently acquired the 115.7k sf Western Area Power Administration (WAPA) HQ building in Lakewood, CO for $20.25 mil, or around $175/sf. Built in 1999 on 5.7 acres and 100 percent occupied b...
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• Freedom Financial Network LLC Inks Lease for Half of Redeveloped AZ Office Project
4/23/15
Freedom Financial Network LLC (FFN) inked a lease for one of two 45k sf buildings that make up Tempe 10/60 Corporate Center, a recently redeveloped office project in Tempe, AZ. The lease will allow FFN to expand its neighbori...
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• Fort Worth Industrial Asset Sells
4/23/15
Riverbend Center, a 188.4k sf, industrial/flex property in Fort Worth, traded hands between investors. The property is located at 2301 – 2435 Gravel Dr and 7401 – 7445 Pebble Dr, west of I-820 and south of Airport Fwy. The pr...
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