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• Las Vegas Office Tower Financed with $50 Mil Bridge Loan
3/24/15
Angelo, Gordon & Co and City Center Realty Partners LLC have obtained $50 mil in bridge loan financing for Bank of America Plaza, a 16-story, Class A office tower in Las Vegas, NV. Located at 300 South 4th St, the 270.2k sf o...
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• Transwestern Investment Group Acquires Fort Worth Office Building
3/23/15
Transwestern Investment Group has acquired 550 Bailey, a 122.8k sf, seven-story office building in Fort Worth, TX, on behalf of Diversified International Partners. The price was not disclosed.
The property is currently 98 pe...
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• Phoenix Office Building Trades for $18 Mil
3/20/15
Heckethorn Towers LLC has purchased Security Title Plaza, a 219k sf office building in Phoenix, for $18 mil, or $82/sf. Built in 1983, the 12-story tower is located on 4.2 acres at 3636 N. Central Ave, at the southwest corner...
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• Solstar Investment Buys Pair of Vegas Area Hotel Properties
3/19/15
Solstar Investments LLC, out of Los Angeles, recently closed on the acquisition of two hotel properties in Henderson, NV, a suburb of Las Vegas. The purchase consisted of the 120-room Marriott SpringHill Suites Hotel and the ...
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• ITT Technical Institute Renews Its Phoenix Office Space
3/18/15
ITT Technical Institute agreed to a five-year renewal of its 18k sf office space at at West 101 Business Center in Phoenix. The project, referred to as West 101 Business Center, is comprised of three Class A office buildings ...
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• Invesco Real Estate Spends $172 mil on Denver Lower Downtown Office Asset
3/17/15
In a major Denver office buy, Dallas-based Invesco Real Estate acquired a 306.8k sf building at 1515 Wynkoop St, in the city’s Lower Downtown area. Although an exact price was not given out, industry sources say the eight-sto...
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• Silverwing Development Obtains $17.7 Mil in Freddie Mac Financing on 188-Unit Reno Res Project
3/16/15
Silverwing Development Corporation has obtained $17.745 mil in financing for The Bungalows at Sky Vista, a newly-built, 188-unit, Class A multi-housing community located in Reno, NV. The new loan was funded through Freddie Ma...
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• Santa Barbara Investor n Their Element with Reno Apartment Buy
3/13/15
A Santa Barbara-based buyer paid $15 mil, or $72.8k/unit, for The Element, a 206-unit, garden-style apartment community in Reno, NV. The Element is located at 825 Delucchi Lane, east of I-580 and south of McCarran Blvd.
The ...
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Executive Subscriber Price: Free
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• Lincoln Property Company and Goldman Sachs Buy Scottsdale Office Asset
3/13/15
Lincoln Property Company continues to be one of the most active office property owner/developers in Arizona. In this latest news, the company has teamed up with Goldman Sachs in the purchase of Promenade Corporate Center, a t...
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• Lincoln Property Company to Develop 1.8 msf of Office Space at Tempe, AZ Master-Planned Community
3/12/15
Lincoln Property Company (LPC) has been selected to develop the first phase of Class A and mixed-use office space for The Grand at Papago Park Center, situated in the heart of downtown Tempe, AZ. The 60-acre, urban mixed-use ...
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• Huntington Industrial Partners and Artemis Real Estate Partners Begin Work on 350k sf, Dallas-Area Industrial Project
3/11/15
Denver-based Huntington Industrial Partners and Artemis Real Estate Partners, a Washington, D.C. metropolitan area-based real estate investment manager, have begun construction on DFW Airport North Distribution Center II, an ...
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Executive Subscriber Price: Free
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• Laurus Corp Pays $19 Mil for 94k sf Mixed-Use Project in Scottsdale
3/09/15
LA-based Laurus Corp paid $18.7 mil for Canyon Village, a 93.9k sf ($199/sf) mixed-use project within the DC Ranch masterplanned community in Scottsdale, AZ. The property, situated on on 5.6 acres at 18801, 18835, 18867 and 1...
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• Mark One Capital Arranges $11.7 Mil for Two Net-Leased Financing Deals
3/09/15
Mark One Capital, a leading provider of capital markets expertise with access to highly competitive commercial real estate loan products,
Mark One Capital has arranged $11.7 mil in separate loans for two net-leased properti...
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• Dorsey Lane is Watt’s Happening in Tempe, AZ
3/06/15
Dorsey Lane, a 51-unit, for-sale upscale urban living townhome project in central Tempe, AZ, has just broken ground. Dorsey Lane is being developed by Watt Communities of Arizona, a division of SoCal-based Watt Communities.
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• MG Properties Group Closes 270-Unit AZ Res Buy
3/05/15
San Diego-based MG Properties Group has wrapped up another major multifamily buy. In this latest deal, the compny paid $36.2 mil for Trillium Papago Apartments, a 270-unit ($134k/unit) complex in Phoenix, AZ.
Built in 2007, ...
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• Dallas Apartment Community Trades Hands
3/04/15
Mandalay Palms, a 45-building, 600-unit apartment property in Dallas, was sold by an El Paso-based investment company. The terms of the sale were not released.
Built in 1985, Mandalay Palms sits on 25.5 acres at 7501 Chester...
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• Phoenix Office Property Sells for $183 Mil in Institutional Investment Deal
2/27/15
We’ve got a major institutional office buy out of Phoenix to report, as a Crown Properties Inc-led entity has acquired the Apollo Corporate Headquarters campus, a 599.7k sf, single-tenant complex, for $183 mil ($305/sf). The...
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• Hines and Novak Brothers Break Ground on Hotel Development in Georgetown, TX
2/25/15
Hines and its joint venture partner, Novak Brothers, have broken ground on The Sheraton Georgetown Texas Hotel and Conference Center in Georgetown, TX. Construction on the project is expected to be completed in summer 2016.
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Executive Subscriber Price: Free
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• AZ Manufactured Home Community Trades for Almost $24 Mil
2/25/15
Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe, AZ, recently sold for $23.85 mil. The deal works out to $66.4k per space at a 6.25 percent cap with a 43.75 percent expense l...
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• MIG Real Estate Completes Mixed-Use Buy in Austin, TX
2/24/15
Newport Beach-based MIG Real Estate recently closed on a large property buy in Austin, TX. The firm purchased Midtown Commons at Crestview Station, a mixed-use project consisting of 562 res units and 58.9k sf of commercial sp...
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