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Scottsdale Health Center Building Sells for $3.3 Mil 11/30/12 An 11.4k sf freestanding Arrowhead Health Center building in Scottsdale, AZ sold for $3.3 mil ($289/sf) in a recent sale/leaseback deal. Located at 2629 N. Scottsdale Rd, the property is a new strategic satellite facility for...
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Construction Underway on 281-Unit Res Community in Denver’s Union Station Neighborhood 11/28/12 Construction has begun on Alta City House, a five-story, 281-unit luxury apartment community in the heart of Denver’s bustling Union Station neighborhood. The project, one of the most ambitious and most-watched urban redevelo...
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Vegas Mixed-Use Park Goes for $7 Mil 11/27/12 Decatur Crossings III, a 112.3k sf mixed-use property in Las Vegas, was acquired for $7 mil ($62/sf) by Ready Mix Opportunity Group LLC. The project, which consists of two, two-story office/flex buildings, was approximately 4...
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BH Properties Picks Up 260k sf Industrial Facility in Tucson 11/21/12 A BH Properties affiliate has purchased the former Pella Corporation building (also known as the Aero Business Park) in Tucson, AZ for $5.2 mil, or $20/sf. Built in 1985, the 260k sf manufacturing and warehouse facility is lo...
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East Coast Firm Purchases 125k sf Phoenix Industrial Facility 11/15/12 An East Coast-based manufacturer and distributor of make-up, costumes and accessories has purchased a 125k sf industrial building in Phoenix. The buyer, Buckeye 59th Ave LLC, will use this property as its distribution facilit...
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Scottsdale Retail Center Trades for $39 Mil 11/13/12 We’ve got two recent AZ retail sales to report, one a $39 mil buy in Scottsdale and the other an $8 mil deal in Glendale. Together they contain about 163k sf of total space.
In Scottsdale, Global Retail Investors, out of Bet...
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Lender-Owned Phoenix Retail Center Trades for Over $15 Mil 11/12/12 Houston-based Whitestone REIT closed on a Phoenix retail acquisition, paying $15.37 mil for Fountain Square, a 118.2k sf ($130/sf) lender-owned shopping plaza. The property was originally developed in 1986 by Charles Keating ...
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U of A Student Housing Property Sells for $67 Mil 11/12/12 Education Realty Trust (EdR) has purchased The District on 5th Avenue, a new 208-unit, student housing community located approximately one-half mile from the University of Arizona in Tucson. The 764-bed complex sold for $67 m...
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Johnson Capital Arranges $22 Mil in Development Money for New Mexico Apartment Project 11/08/12 Ron Davis, Vice President in Johnson Capital’s Dallas office, has arranged a $22.4 mil loan for the development of a new 192-unit luxury apartment community in the master-planned golf community of Sonoma Ranch in Las Cruces, ...
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Englewood, CO Office Building Awarded LEED Gold Certification 10/29/12 400 Inverness, a four-story, 124.4k sf, Class A office building located at 400 Inverness Pkwy in Englewood, a suburb southeast of Denver, has been awarded LEED Gold Certification for energy efficiency and sustainability. The ...
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Archway Holdings Corp Completes $20 Mil AZ Medical Office Buy 10/18/12 Archway Holdings Corp, a healthcare real estate investment firm, has purchased Arrowhead Health Center, a 103.2k sf medical office property in Glendale, AZ, for $20 mil ($194/sf). The asset was sold by Ventas REIT, the larges...
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$2 Mil Equity Investment Enables Refi of Vegas Light Industrial Park 10/17/12 Morrison Street Capital made a $2 mil structured equity investment in Valley View Industrial Park, a 196.3k sf light industrial business park located in Las Vegas. The structured equity in this transaction was used to recapit...
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Lucent Capital Arranges $23 Mil on AZ Office Property 10/11/12 Lucent Capital has arranged $22.75 mil in senior financing on behalf of Wolff Urban Development and American Capital for the recapitalization of its leasehold interest in Scottsdale Center, a Class A office building in Scotts...
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Broadreach Cross-Collateralizes Two Denver Office Buildings with $59 Mil 10/08/12 Broadreach Capital has obtained $59 mil in financing cross-collateralized by two Denver, CO-area office buildings which were acquired by the Palo Alto-based private equity firm in 2007. The financing was provided by Mesa West...
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Hines and Oaktree Partner Up in 1.1 msf Vegas Office Buy 10/03/12 Hines has teamed up with a subsidiary of real estate funds managed by Oaktree Capital Management, L.P. (Oaktree) to purchase a portfolio of office buildings in Las Vegas from General Growth Properties. This is the sixth ventu...
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Crow Holdings Lands $24 Mil in Financing for 155k sf AZ Retail Center 9/28/12 A private real estate fund advised by Crow Holdings Capital Partners LLC has obtained a $23.2 mil loan for the purchase of Scottsdale Horizon, a 154.8k sf neighborhood shopping center in Scottsdale, AZ. The five-year, fixed-r...
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Buchanan Street Partners and Lowe Enterprises Close 193k sf CO Office Buy 9/25/12 In a big Colorado office buy, Buchanan Street Partners and Lowe Enterprise have teamed up in a venture that acquired Parkridge 4, a 192.8k sf, Class A office property in the city of Lone Tree. Built in 2001, the six-story bui...
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Johnson Capital’s Neal Churney Places Eight Loans Totaling Over $25 Mil 9/24/12 Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has this quarter closed eight different financing transactions totaling $25 mil for eight different property owners. The properties are a combinat...
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Crow Holdings Acquires 68k sf CO Retail Center 9/21/12 A private real estate fund advised by Crow Holdings Capital Partners L.L.C has purchased The Whole Foods Center, a 68.3k sf, two-tenant retail center in Fort Collins, Colorado. The buyer assumed an existing CMBS loan.
Whole ...
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Kennedy Wilson and Partners Purchase 209k sf Retail Center in Utah 9/19/12 A Kennedy-Wilson-led investment partnership acquired a 209.3k sf, multi-tenant retail center in Orem, Utah. This purchase follows two other, recent retail real estate purchases by the company and its investment partners, incl...
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