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Industrial Property Trust Closes Normal $12.5 Mil, AZ Purchase 11/11/14 Industrial Property Trust purchased Normal Junction Distribution Center, a two-building, 140.3k sf distribution center in Tempe, AZ, for $12.452 mil ($89/sf), free and clear of existing debt. The asset was sold by American Re...
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Abacus Real Estate Buys 240-Unit Phoenix Apartment Complex 11/10/14 In a sale from about a month ago, NY-based Abacus Real Estate purchased Level at Sixteenth, a 240-unit apartment complex in Phoenix, for about $41.1 mil The property, located on more than four acres at 1550 East Campbell Ave,...
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Whitestone REIT Spends $48 Mil on Two AZ Retail Centers 11/10/14 Whitestone REIT recently completed two retail center buys in Chandler, AZ in deals that totaled $48 mil. The acquisitions were of Fulton Ranch Towne Center for $29.3 mil and The Promenade at Fulton Ranch for $18.6 mil.
The ...
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The Bascom Group and Oaktree Capital Management Close $40 Mil AZ Res Buy 11/06/14 Indigo Creek Apartments, a 408-unit luxury community located in Glendale, AZ, was acquired by a $250 mil venture between The Bascom Group and Oaktree Capital Management for $40.5 mil ($99.3k/unit). The buyer intends to recapi...
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Parallel Capital Partners Closes $23 Mil Denver Office Buy 11/06/14 Marking its first acquisition in the Denver market, San Diego-based Parallel Capital Partners Inc has acquired a three-building, 355.3k sf Class B office complex in southeast Denver for $23 mil ($65/sf). The asset, Tamarac Pl...
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Gladstone Commercial Buys 189k sf Denver Industrial Facility 11/04/14 Gladstone Commercial Corp paid $10 mil for a 189.2k sf ($53/sf) industrial building in Denver. The property is fully leased through December 2024 to Premium Pet Health LLC, a wholly owned subsidiary of Smithfield Foods.
Pre...
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Advenir Acquires Two CO Res Communities Totaling 570 Units 11/03/14 Advenir has acquired and renamed two apartment communities in Longmont, CO ─ Advenir@Wyndam (formerly Wyndam Apartment Homes) and Advenir@Wildwood (formerly Wildwood Apartment Homes). Advenir has acquired 1,000 apartmen...
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Stalled Utah Mixed-Use Development Re-Started with $56.5 Mil in Financing 10/31/14 by Allen Wolfsheimer The Ritchie Group, out of Salt Lake City, has obtained a $56.5 mil senior loan to finance the acquisition, development and stabilization of Midtown360, a mixed-use development in Orem, UT. The financing was provided by PCCP L...
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AZ Retail Asset Acquired by Exchange Buyer for $13.7 Mil 10/31/14 A two-building, NNN-leased retail property in Peoria, AZ was purchased by El Rancho Company, a San Jose -based 1031 exchange buyer, for $13.7 mil ($268/sf). The 51.2k sf property is situated on just over five acres at 9320 W....
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DCT Industrial Trust Picks Up 355k sf AZ Portfolio 10/28/14 DCT Industrial Trust has acquired a three-property warehouse portfolio from a Chicago-based global investment manager for $26.44 mil. The properties, totaling 355.4k sf, are all located in Tempe, AZ.
The portfolio includes: ...
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Rally House Leases New Location in Dallas 10/28/14 Rally House has signed a 10-year lease for a 6.2k sf location at WFC’s Old Town Shopping Center, located on Greenville Ave and Lovers Lane in Dallas, which opened on August 29. The center is owned by national owner/operator W...
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Indian Bend Hotel Group Spends $10.4 Mil on Hampton Inn & Suites Scottsdale-Riverwalk 10/28/14 Indian Bend Hotel Group LLC paid $10.4 mil for the Hampton Inn & Suites Scottsdale-Riverwalk, a 101-key limited service hotel located at 9550 E. Indian Bend Rd in Scottsdale. The acquisition was funded with a $7 mil bridge lo...
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Northwestern Mutual Awards 2 msf NV Industrial Management Assignment to Voit Real Estate Services 10/24/14 Northwestern Mutual has awarded property management and repositioning services for two Reno, NV portfolios totaling more than 2 msf to Voit Real Estate Services.
The properties in this assignment include the 1.3 msf Sparks I...
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Transwestern Development Buys Residential Development Site at Fort Worth Master-Planned Project 10/24/14 Transwestern Development Co has purchased approximately five acres in Fort Worth, TX for The Grove at Waterside, a 385-unit, luxury multifamily development scheduled to break ground in first-quarter 2015. The residential comm...
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CO Office Building Trades Hands 10/23/14 Plaza Colorado, an 89.2k sf, mid-rise office building in Greenwood Village, CO, was purchased by Elion Partners, a privately held real estate investment firm based in Aventura, FL. The property, located at 5889 S. Greenwood P...
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Transwestern Lands Leasing Assignment for Valley Ranch Commerce District 10/22/14 The Signorelli Company has awarded the leasing assignment for Valley Ranch Commerce District in Texas to Greg Tilton of Transwestern. Valley Ranch Commerce District is a new office park development that will be located at the...
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Bascom Group Completes 112-Unit Colorado Apartment Buy 10/21/14 The Bascom Group has closed another apartment buy in Colorado, having paid $8.45 mil for Skyline View, a 112-unit ($75.4k/unit) community in Aurora, a Denver submarket. The acquisition of Skyline View marks 31 multifamily acq...
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Centric Commercial Joins CORFAC International 10/21/14 Austin, TX-based Centric Commercial has joined CORFAC International (www.corfac.com) as the network's fourth Texas firm in the Lone Star State.
Led by Founder/Principal Craig Couch and Principal Russell Todd, Centric Commerc...
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Titan SenQuest Acquires Two Texas Senior Living Properties 10/20/14 Titan SenQuest Senior Living has boosted its Texas senior living portfolio with the recent acquisitions of two properties containing a combined 116 units. The senior communities are Governor’s Ridge Retirement & Assisted Livi...
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Hines Wraps Up 25-Acre Land Buy for Chandler, AZ Mixed-Use Development 10/16/14 Hines has acquired a 25.5-acre site in Chandler, AZ for a mixed-use development to be called Chandler Viridian. The property is on the northwest corner of the Loop 101/Loop 202 interchange, adjacent to the Chandler Fashion Ce...
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