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• RealCo and Patrinely Group Break Ground on 128k sf TX Office Building
1/08/14
USAA Real Estate Company (“RealCo”) and its development partner, Patrinely Group LLC, have broken ground on WestRidge at La Cantera, a 128k sf office building on La Cantera Pkwy within the master-planned La Cantera developmen...
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• TEXAS - Hudson Capital Investments Buys 200-Unit Texas Multifamily Property
1/02/14
Hudson Capital Investments, out of Charleston, SC, has purchased The Palms at Cinco Ranch, a 200-unit, 218.4k sf multifamily apartment complex in Richmond, TX, approximately 15 miles southwest of Houston. The terms of the sal...
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• CIM Group Opens Downtown Las Vegas Hotel/Entertainment Project
1/02/14
Downtown Grand Las Vegas, a modern boutique hotel, casino, and entertainment destination in downtown Las Vegas, recently opened to the public, in November of 2013. Downtown Grand features 634 hotel rooms in two towers—the 18...
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• Johnson Capital Trio Arrange $7.5 Mil on Two Phoenix Apartment Assets
12/26/13
Neal Churney, CCIM, Dave Susank and Adam Finkel in Johnson Capital’s Phoenix office, have arranged two loans totaling $7.55 mil secured by two different apartment assets in the greater Phoenix area. The properties contain a ...
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Executive Subscriber Price: Free
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• Lowe Enterprises and J.P. Morgan Asset Management Acquire Two AZ Office Assets
12/24/13
Lowe Enterprises and J.P. Morgan Asset Management have teamed up in the purchase of a two-building, 327.3k sf portfolio of suburban office properties in Phoenix and Scottsdale, AZ. One of the properties, 5090 40th Street, is...
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• Dornin Investment Group Closes on 98k sf Vegas Office Buy
12/23/13
Dornin Investment Group recently closed on the purchase of a 97.9k sf, Class A office building in Las Vegas. The institutional-quality property, located at 3755 Breakthrough Way, was sold by American Nevada Company.
Locate...
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• Berkeley Point Provides $63 Mil in Acquisition Money for Three Houston-Area Apartment Properties
12/20/13
Berkeley Point recently provided a $63 mil loan for the acquisition of three apartment communities in the Cypress-Fairbanks area, on the northwest side of the greater Houston metro area. The properties are Carrington Place, C...
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• Phoenix Office Property Trades Hands for $8.5 Mil
12/20/13
Country Club Manor, an 89.2k sf, Class A office property in Phoenix, sold for $8.5 mil, or about $95/sf. Located at 1221 and 1313 E. Osborn Rd, the asset was purchased by Santa Monica-based Hyperion Fund as an REO property.
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• NewQuest Epic Investments Forms Retail Investment Venture
12/18/13
NewQuest Epic Investments has closed on a $75 mil joint venture with a $4 bil private equity real estate firm to purchase value-add grocery-anchored and power retail properties. The $75 mil equity placement is to be deployed ...
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• TEXAS - Advenir Closes Second Multifamily Buy in Dallas/Fort Worth Suburb of Mansfield
12/10/13
Advenir has acquired Advenir@Walnut Creek, a 256-unit, Class A multifamily community in Mansfield, Texas, an upscale, high-growth suburban community just southwest of Dallas. The asset, which represents Advenir’s second nota...
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• CA Investor Buys Texas Retail Center
12/10/13
The Village at Kyle, a 26.1k sf retail center in Kyle, TX, sold for $8.07 mil ($309/sf). Built in 2010, the property is located at 5695 Kyle Pkwy, between San Antonio and Austin on Interstate 35. The center is leased to AT&T,...
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• RiverRock Real Estate Group Lands Management Assignment for 630k sf Denver-Area
12/09/13
AEW Capital Management (AEW) has awarded RiverRock Real Estate Group the management assignment for a 630k sf of portfolio office and industrial space located in Denver and surrounding communities. This is the second new AEW ...
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• Work Underway on New Specialty Retail Center in Dallas/Fort Worth Suburb
12/09/13
Development has started on Park Village, a 190k sf specialty retail center located on 22 acres in the affluent Dallas/Fort Worth suburb of Southlake, Texas. The project is being developed by The Woodmont Company, in partners...
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Executive Subscriber Price: Free
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• Drawbridge Realty Trust Invests $17 Mil in Texas Office Asset
12/04/13
Drawbridge Realty Trust has acquired Stonecreek Park, a 76.9k sf office property in Austin, Texas, for $16.9 mil, or around $220/sf. The asset, located at 3300 Duval Rd, was sold by Lionstone Group.
The two-story, Class ...
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• TEXAS - Hines Lands Property Management Duties for 375k sf Houston Office Tower
12/03/13
Silver Peak and Cameron Real Estate have awarded the property management duties for 1001 McKinney in Houston to Hines. The tower is a 23-story building located on the corner of McKinney and Main in the heart of the city’s dow...
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• MVP Completes $6 Mil Buy of 22k sf Vegas Office Building
12/03/13
MVP REIT Inc has completed the final of six commercial office building acquisitions located within a Las Vegas office park. The 22k sf office building was purchased for $6.1 mil ($277/sf) in a transaction that closed on Nov. ...
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• MIG Real Estate Closes 90k sf AZ Office Buy
12/03/13
MIG Real Estate has purchased Arcadia Gateway Center, an 89.8k sf, Class A office building in Phoenix. Arcadia Gateway Center is located at 4222 East Thomas Rd, about midway between downtown Phoenix and downtown Scottsdale. T...
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• Santa Fe Resort Property Acquired by Venture Between PCCP LLC and 1754 Properties
12/03/13
A joint venture between PCCP LLC and 1754 Properties LLC has acquired La Posada de Santa Fe Resort and Spa in downtown Santa Fe, New Mexico. The 158-room La Posada hotel was an REO acquisition from Ektornet. The price was not...
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• Phoenix Team at Johnson Capital Arranges $7.5 Mil on Three AZ Apartment Properties
11/27/13
Neal Churney, CCIM, Dave Susank and Adam Finkel in Johnson Capital’s Phoenix office, have arranged three loans totaling $7.5 mil secured by three different apartment assets located in Sierra Vista, AZ.
The properties contai...
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Executive Subscriber Price: Free
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• TEXAS - Johnson Capital Arranges $7.8 Mil Refi on Houston Apartment Property
11/25/13
Scott Graber, Managing Director in Johnson Capital’s Denver office, has arranged a $7.84 mil FHA Section 223(a)(7) loan to refinance a 238–unit apartment complex located in Houston, TX.
The property, the Vineyard Trace Apar...
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