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• SKB and Arc Capital Partners Spend $19 Mil on Two AZ Industrial Facilities
11/25/24
A joint venture between Portland-based SKB and Los Angeles-based Arc Capital Partners acquired two advanced manufacturing buildings totaling 194k sf in Gilbert, AZ for $19.05 mil ($98/sf).
The freestanding buildings, locate...
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• Okland Capital Starts Work on 68k sf AZ Medical Office Project
11/22/24
Okland Capital has broken ground on Celebration Medical Center, a new 68k sf Class A medical office development in Gilbert, AZ.
The three-story state-of-the-art project is located at 3275 South Mercy Rd. Gilbert’s ongoing po...
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• Gateway Classic Cars Inks Lease for 44k sf at New Caliber Industrial Project in Peoria, AZ
11/22/24
Gateway Classic Cars is the first tenant to sign a lease at Caliber, a three-building, 411.9k sf Class A industrial development in Peoria, AZ. The project is a development of Greystar.
Under the lease, Gateway Classic Cars o...
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• Bendetti Purchases Two TX Industrial Assets Totaling 114k sf
11/21/24
Bendetti has acquired a two-property industrial portfolio totaling 114.4k sf in Arlington, TX. The portfolio is strategically positioned in within the Dallas-Fort Worth industrial submarket, an infill location with significa...
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• Phoenix Medical Office Vacancy Rises Slightly as Sector Sees Second Consecutive Quarter of Negative Net Absorption
11/20/24
This report was provided by real estate services firm Kidder Mathews
Market Highlights
• Total medical office inventory: 17.1 msf
• Medical office space leased in 3Q24: 207.5k sf
• 3Q24 sales volume: $115.1 mil
Leasing A...
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• INDUS Realty Trust Buys 393k sf Distribution Facility in Phoenix’s Airport Submarket
11/20/24
Phoenix Airport Logistics, a 393.5k sf, Class A warehouse/distribution building in Phoenix’s sought-after Airport submarket, was acquired by INDUS Realty Trust Inc, a U.S.-based logistics real estate business. Located at 333...
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• Owner/User Buys 12k sf Commercial Property in Central Phoenix
11/20/24
A three-building, 12.4k sf commercial property in central Phoenix traded for $1.99 mil ($160/sf) in an all-cash deal. The high-visibility property is located at 1815 – 1827 E. Indian School Rd along a bustling main street th...
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• High Street Residential Starts Work on 419-Unit AZ Res Development
11/19/24
High Street Residential has broken ground on a three-story, 419-unit Class A multifamily community in Hawes Crossing, a 1,100-acre master-planned community in Mesa, AZ. The project is expected to open in the summer of 2026.
...
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• AvalonBay Communities Picks Up 126-Unit TX Multifamily Property
11/18/24
AvalonBay Communities closed on a notable Texas res buy, acquiring Brisa Townhomes, a 126-unit townhome community located at 4810 Brisa Way in Bee Cave, just west of Austin. The community has been renamed Avalon Townhomes at ...
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• Provident Realty Advisors Buys 800k sf Texas Office Complex
11/14/24
In a Texas office buy, Provident Realty Advisors purchased Lakeside Campus, a recently renovated, Class A property spanning 807.4k sf of space in the city of Richardson. The property, located at 2201 and 2221 Lakeside Blvd, w...
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• Woodside Health Development Closes $21 Mil Medical Office Buy in Phoenix
11/14/24
Woodside Health Development, LLC purchased Paradise Valley Plaza, a three-building, 100.2k sf multi-tenant office and medical complex in Phoenix, for $20.9 mil ($208/sf). Headquartered in Cleveland, OH, Woodside Health is a p...
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• The Oddie District in Nevada to be Repurposed
11/13/24
The Oddie District, a mixed-use retail center/artist colony/business incubator property in Northern Nevada, will be re-purposed under the direction of architecture/design firm Nadel Architecture + Planning.
Currently a commu...
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• Fuzzy’s Tacos in Colorado Goes for $678/sf
11/12/24
A 5.2k sf, Class A retail property in Colorado Springs, CO that is fully leased to Fuzzy’s Taco Shop, was acquired by Patterson Living Trust for $3.5 mil, or $678/sf. The property is located at 1375 Interquest Pkwy.
Fuzzy’s ...
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• Hyde Development and Mortenson Properties Buy 787k sf Salt Lake City Industrial Portfolio
11/12/24
Hyde Development and Mortenson Properties have teamed up in the purchase of the Salt Lake City Industrial Portfolio, a nine-building, 787k sf infill portfolio. The price was not disclosed.
The Portfolio is comprised of five ...
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• Wood Investments Companies Secures New Loan for $20 Mil on Montana Retail Center
11/11/24
Wood Investments Companies Inc has obtained a $20.3 mil permanent loan for Helena Skyway Regional Shopping Center, a 164.1k sf retail property in Helena, MT. The financing was provided by Wells Fargo.
Helena Skyway Regional ...
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• MCA Realty Pays $133/sf for Las Vegas Industrial Property
11/07/24
In a Las Vegas industrial purchase, MCA Realty paid $4.25 mil in an off-market transaction for a 32k sf ($133/sf) uilding at 2124 Industrial Rd. The single-tenant property was acquired within the firm’s MCA Realty Industrial ...
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• Three-Building Office Campus in Carrollton, Texas Trades
11/06/24
In a quick brief on a Texas office sale, International Business Park 8, 9 and 10, a three-building, 304k sf office campus located along the Dallas North Tollway in Carrollton, TX, traded hands. The campus is 79% leased to a d...
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• Construction Underway on 233k sf Industrial Project in Goodyear, AZ
11/06/24
Construction is underway on Merit Partners Inc’s Tex Industrial, a 17.2-acre project that will bring two new Class A, mid-size industrial buildings totaling about 233k sf to Merit’s PV303 master-planned business park in Goody...
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• InterCapital Group and Pamera North America Close 300-Unit Res Buy in Denver’s Uptown Neighborhood
11/05/24
One City Block, a 302-unit apartment community in Denver’s Uptown neighborhood, was acquired by InterCapital Group and Pamera North America. The property was 95% occupied at the time of sale. Although the price was not given ...
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• Denver Multifamily Market Ends 3rd Quarter with a 94% Occupancy Rate
11/04/24
Here’s a quick 3rd quarter 2024 snapshot of Denver’s multifamily market, thanks to research provided by CBRE.
Denver Multifamily Figures Q3 2024
• The Denver multifamily market ended Q3 2024 with an occupancy rate of 94.0%...
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