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• Newmark Realty Capital Arranges $8.5 Mil for AZ Retail Center
1/17/14
Newmark Realty Capital Inc has arranged $8.5 mil in permanent financing for Sun Shadow Square, an 84k sf retail center located in Sun City, AZ. The financing was arranged by Newmark’s Timothy Storey through one of the firm’s ...
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• MIG Real Estate Completes 336-Unit TX Multifamily Buy
1/15/14
Newport Beach-based MIG Real Estate has wrapped a large Texas multifamily buy, having acquired Adagio Swenson Farms, a 336-unit apartment home community in the Far North submarket of Austin, Texas.
Adagio Swenson Farms repr...
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• Pathfinder Partners Closes Its 10th Colorado Acquisition
1/15/14
San Diego-based Pathfinder Partners LLC and Denver-based The Craft Companies LLC have partnered in the purchase of King Lofts, a newly constructed, three-story, 18-unit condominium building above 2.7k sf of ground-floor retai...
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• North Las Vegas Retail Center Trades for $10 Mil
1/14/14
Craig Promenade, an 86.4k sf shopping center in North Las Vegas, traded hands in a transaction valued at $10.1 mil ($117/sf). The property, located at 525-785 W. Craig Rd, was purchased by RREF II-KI Promenade LLC, a joint ve...
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• McCann Realty Partners Starts Work on 350-Unit Houston Res Project
1/09/14
McCann Realty Partners LLC has started construction on Radius at Shadow Creek Ranch Apartments, a 350-unit development in the Pearland submarket of Houston, TX. The property is located in the Shadow Creek Ranch development on...
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• Vestar and UBS Global Asset Managed Fund Team Up in $123 Mil CO Retail Buy
1/09/14
In a big Colorado retail buy, a joint venture between Vestar, and a fund advised by UBS Global Asset Management has acquired Orchard Town Center, a 914k sf, open-air regional retail center located in Westminster, CO. The asse...
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• Voit Real Estate Services Completes 320k sf AZ Biz Park Buy
1/08/14
Voit Real Estate Services has purchased Warner Business Center in Tempe, AZ. The acquisition consists of seven buildings of Class A office and industrial space, totaling 320k sf. The property is located on a 25.2-acre parcel ...
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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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• 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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