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• California’s Inland Empire Home to Nation’s “Youngest” Warehouse Inventory
10/25/22
This report provided by CBRE
The advanced age of U.S. warehouses – 43 years on average – is continuing to spur record construction activity as big e-commerce and retail distributors demand larger, more modern facilities, acc...
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• Denver’s Office Market Looking at a Slow Recovery, While the Industrial Sector Remains Strong
10/24/22
This update provided by real estate services firm Avison Young
Denver’s office market recovery continues to be in line with peer cities regarding return-to-work. The area’s office utilization rate sits at roughly 57% as of ...
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• Magma Equities and Walker & Dunlop Investment Partners Close on 820-Unit Texas Multifamily Purchase
10/19/22
Magma Equities, in its first joint venture with Walker & Dunlop Investment Partners, has acquired a two-property, 820-unit suburban value-add multifamily portfolio in Texas from Moody National Companies in an off-market trans...
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• Investor Pays $427/sf for Colorado Medical Office Building
10/19/22
Park Meadows Medical Center, a multi-tenant, 34.7k sf medical office building with a surgery center in Lone Tree, CO, sold for $14.8 mil ($427/sf) in an off-market transaction.
Located at 9218 Kimmer Dr, the three-story buil...
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• Local Investor Buys Texas Office Building
10/19/22
Heritage Premier, a 48.3k sf office building in McKinney, TX, was acquired by a local private investor. located at 1575 Heritage Drive in McKinney, TX. The three-story property, located at 1575 Heritage Dr, was 95% occupied b...
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• ViaWest Group Starts Work on 173k sf Spec Warehouse in Salt Lake City
10/18/22
ViaWest Group has broken ground on a new 172.8k sf Class A spec warehouse building in Salt Lake City, UT. Known as 5 South Commerce Center, the new development is scheduled for completion in the second quarter of 2023.
Marki...
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• Odyssey Properties Group Wraps Up 155-Unit Arizona Res Acquisition
10/17/22
L.A.-based Odyssey Properties Group has acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, for $37.25 mil ($240k/unit). Nola on 50th, which Odyssey will be rebranding as Parq ...
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• Colorado Industrial Property Gets New Owner in $13 Mil Deal
10/17/22
Plum Tree Plaza, a four-building industrial property totaling 73.2k sf in Fort Collins, CO, sold for $12.9 mil ($176/sf) in an off-market transaction. The property is located two miles from Colorado State University, three mi...
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• Canadian Buyer Spends $40 Mil on AZ Retail Center
10/17/22
Laveen Park Place, a Class A, 109.2k sf retail shopping center in the Phoenix metro area, was acquired for $40.3 mil ($369/sf) by Tradewinds Capital LP, a private investor out of Alberta, Canada. The seller was LB 59th LLC, a...
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• Vegas Area Multifamily Community Sold by Haven Realty Capital
10/14/22
Quinn Apartment Homes, a 237-unit garden-style multifamily community located in Las Vegas, was purchased by a Los Angeles-based real estate firm. The property was sold by Haven Realty Capital.
Built in 1991, the two-story co...
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• Colliers Acquiring Controlling Interest in Arcadia Management Group
10/14/22
Real estate services firm Colliers will acquire a controlling interest in Arcadia Management Group Inc, a leading commercial real estate property management firm focused in the Southwest U.S. Arcadia’s senior leadership will ...
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• San Diego Investment Entity Picks Up AZ Office Building in $14 Mil Deal
10/14/22
Tempe Commerce Center, a 65.9k sf flex office property in Tempe, AZ, sold for $14.15 mil, or $215/sf. The single-story, multi-tenant building, located at 7420 S Kyrene Rd, was 53% leased at the time of sale to a mix of commer...
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• MCA Realty Spends $12.4 Mil on AZ Retail Center
10/13/22
MCA Realty has purchased Hillside Sedona Shopping Center, a 35k sf retail center in Sedona, AZ, for $12.45 mil ($355/sf) in an off-market deal. The buy represents MCA Realty’s first acquisition in the Sedona submarket.
Buil...
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• Saunders Commercial Development Company and Winslow Investments Break Ground on 1 msf CO Industrial Project
10/13/22
Saunders Commercial Development Company and Winslow Investments have broken ground on Boyd Lake Commerce Center, an industrial manufacturing and distribution project in Loveland (Fort Collins), CO totaling 1 msf when fully bu...
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• Investor Partnership Closes on $17 Mil Phoenix Warehouse Buy
10/12/22
A 115.3k sf industrial warehouse in Phoenix sold to a private investor for $17.25 mil, or about $150/sf. The seller of the property, located at 4202 W. Washington St, was James Greaves of G2 Capital. Although purchased vacant...
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• Phoenix Res Buy Financed with $29 Mil Freddie Mac Loan
10/12/22
Cala Paradise Valley Apartments, a 168-unit multifamily property in Phoenix, was acquired by a private real estate investment partnership. The deal was financed with a $29.3 mil loan arranged by Gantry.
The garden-style comp...
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• Griffis Residential Spends $115 Mil on Colorado Multifamily Community
10/11/22
In an institutional multifamily investment deal out of Colorado, Griffis Residential acquired Peakview Apartments, a 304-unit community in Centennial, for $115 mil, or $378k/unit. The property was sold by Denver-based EverWes...
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• Arizona Development Site Snapped Up in $4 Mil Buy
10/11/22
A 4.18-acre development land parcel in Buckeye, AZ traded for $3.975 mil. The site, located at the northeast corner of Watson Rd and Sundance Pkwy, is expected to be used for construction of a medical office project.
Hammes ...
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• Investor Spends $19 Mil on Portion of Arizona Retail Center
10/11/22
A SoCal investor paid $18.9 mil for a 67.7k sf portion of Greenfield Gateway, a 349.1k sf ($279/sf) retail shopping center located at the southwest corner of Greenfield Rd and US Hwy 60 in Mesa, AZ. Greenfield Gateway is co-a...
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• Medline Leases 710k sf Facility in Salt Lake City
10/10/22
Medline inked a lease for a new 710k sf facility in Salt Lake City. Terms of the deal were not disclosed.
The facility, located at 264 South 5750 West is slated for completion in the fourth quarter. Medline plans to occupy t...
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