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Greystone Provides $96 Mil in Acquisition Money for Multifamily Buy 4/23/15 Greystone has provided a $95.8 mil CMBS loan for the acquisition of a six-property multifamily portfolio on behalf of a Midwest-based borrower. The loan was originated by Greystone’s Robert Russell.
Comprising 1,856 total un...
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Colorado Residential Community Sells for Record-Setting $250 Mil Price 4/22/15 In a record-setting Colorado apartment buy, Greensboro, NC-based Bell Partners has purchased Horizons at Rock Creek, a 1,206-unit, resort-style community in the town of Superior, for roughly $250 mil ($207k/unit). The asset ...
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Lincoln Property Company and Oaktree Capital Management Complete $58 Mil Phoenix Office Buy 4/21/15 Lincoln Property Company and Oaktree Capital Management L.P. have teamed up in the $58 mil purchase of Biltmore Commerce Center, a Class A, institutional-quality office building located in the heart of Phoenix’s coveted Camel...
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Trio of Signings Brings TX Retail Center to 95% Leased 4/17/15 Three retailers have signed new leases totaling 86k sf at Northwest Village Shopping Center, a regional power center in Longview, TX. The leases include:
• Big Lots took 36k sf and is expected to open in fall 2015. Karen M...
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High Demand for Tech Space Driving OC Office Market 4/17/15 Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent” which ranks 50 U.S. markets according to th...
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AZ Retail Center Trades for $108/sf 4/16/15 Payson Village Center, a 140k sf, grocery-anchored retail center in Payson, AZ, was purchased by Progression Real Estate Investments for $15.075 mil ($108/sf). The property was sold by Hirani Oil Foundation.
The center sits ...
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ColRich Communities Purchases 357-Unit CO Res Complex 4/15/15 ColRich Communities has acquired Sandpiper Apartments, a 357-unit multifamily community in Westminster, CO. The purchase was funded with a $26.6 mil acquisition loan arranged by Walker & Dunlop Inc.
Originally constructed in...
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Trio of CVS Sales Total to $17 Mil 4/15/15 Three newly constructed, single-tenant properties NNN-leased by CVS Pharmacy sold in separate transactions totaling $17 mil. The properties are located in Conroe and Buda, TX, and in New Orleans.
Matthew Mousavi and Patrick...
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NorthMarq Capital Arranges $6 Mil Refi on CO Office Property 4/09/15 NorthMarq Capital has arranged $6 mil in refi money on The Presidio, an 81.2k sf office property in Colorado Springs. The property is located at 1155 Kelly Johnson Blvd, south of the intersection of I-25 and Academy Blvd.
T...
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SmartStop Acquires AZ Self-Storage Facility 4/08/15 SmartStop Self Storage (SmartStop®) recently spent $4.4 mil to purchase a self- storage facility totaling approximately 350 units and approximately 32.4k sf in Tempe, AZ. The facility will be managed by SmartStop® and re-bran...
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The ConAm Group Picks Up 296-Unit CO Res Asset 4/08/15 The ConAm Group has acquired PeakView Place, a 296-unit apartment community in the city of Englewood, CO, which is within the heart of Denver’s largest employment center, the 850-acre Denver Technological Center (DTC). The pr...
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Brue Capital Partners Buys Private Mountain Golf Community in Colorado 4/02/15 Brue Capital Partners has purchased Adam’s Rib Ranch, an expansive, private mountain golf community and working ranch in Colorado’s Vail Valley. The price was not disclosed.
Surrounded by vast protected open space, Adam’s Ri...
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Ridge Development Planning to Start Work on Fort Worth Industrial Project 4/01/15 Ridge Development is planning to construct a two-building industrial park on 47 acres in north Fort Worth to be called Railhead Industrial Park. The development is owned by a joint venture between Ridge Development and LaSall...
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SoCal-Based Investors Trade Utah Retail Property 3/30/15 A trophy, 13.6k sf multi-tenant retail property in Provo, UT was purchased by a private investor out of Los Angeles. The property, situated at the entrance to Brigham Young University, was sold by Peninsula Retail Partners of...
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Sparks, NV Apartment Property Fetches $19 Mil 3/27/15 Standard Management Co has purchased Spring Villas Townhomes, a 160-unit apartment community located in Sparks, NV, in a recent $18.7 mil ($116.9k/unit) transaction. The cap rate is 5.31 percent.
Built in 1978 on 13 acres, ...
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Texas Retail Property Gets Refinanced with $3.3 Mil Loan 3/26/15 David Hamilton, Vice President in Pacific Southwest Realty Services’ San Diego office, has arranged a $3.3 mil loan secured by a 36k sf retail property in Ft. Worth, TX.
The fixed-rate loan has a 15-year term with a 25-year ...
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The Bascom Group and Oaktree Capital Management Acquire 288-Unit Asset in Las Vegas Area 3/26/15 Villa Serena, a 288-unit apartment property in Henderson, NV, was acquired by a $300 mil venture between The Bascom Group LLC and funds managed by Oaktree Capital Management L.P. The property, located at 325 North Gibson Rd,...
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Eagle Group Funds Two Short-Term Loans for Over $5 Mil 3/26/15 Eagle Group Finance has provided $5.1 mil in short-term loans on a creative office building in Phoenix, AZ and an industrial building near Reno, NV. The deals were transacted in two separate financings, both funded within thr...
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Newmark Realty Capital Arranges $10.6 Mil on AZ Office Building 3/25/15 Newmark Realty Capital Inc has arranged $10.6 mil in permanent financing for a two-story, Class A office building in Chandler, AZ. The property is a multi-tenant, LEED-certified building totaling 68.4k sf and located within...
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Trio of Recent Signings Total Over 150k sf at Spec Phoenix Industrial Park 3/24/15 Three recent lease signings total over 150k sf of space commitments for the first phase of Airport I-10, a spec industrial park under development in Phoenix. DLS Worldwide, DHL and Pilot Freight Services are the latest compan...
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