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The Calida Group Begins Construction on 360-Unit Henderson Res Project 8/07/14 Construction has begun on Elysian at The District, an upscale, 360-unit rental community in Henderson, NV. The project, a development of The Calida Group of Las Vegas, was designed by KTGY Group Inc, Architecture + Planning.
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Vegas Industrial Asset Trades for Over $7 Mil 8/07/14 Escondido Industrial Park, a 153k sf industrial property in Las Vegas, recently sold for $7.3 mil ($48/sf). The distribution and warehouse facility, located immediately south of McCarran International Airport, was purchased b...
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Investor Pays Over $11 Mil for Two Walgreen’s Properties 8/05/14 Los Angeles Car Wash Corporation has acquired two Walgreen’s retail properties in separate transactions totaling $11.2 mil. The properties are located in Federal Way, WA and El Paso, TX.
One of the acquisitions was for a 14....
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Johnson Capital Arranges $21.7 Mil on Two AZ Multifamily Properties 7/31/14 Neal Churney, CCIM, Senior Vice President, and Adam Finkel, Vice President, in Johnson Capital’s Phoenix office, have arranged $21.7 mil in refinance loans for the owner of two multifamily properties located in Phoenix AZ. Th...
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Dallas-Area Office Building Trades Hands 7/31/14 A partnership of Stanton Road Capital LLC and Vancouver-based Second City Real Estate purchased a 159k sf office building in the Freeport submarket of Dallas, in an off-market deal. The property, located at 3660 Regent Blvd, ...
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Bascom and Oaktree Get The Edge on the Henderson Multifamily Market 7/31/14 Bascom and Oaktree Capital Management have teamed up in their second large multifamily buy in the past few months, having acquired The Edge at Traverse Point, a 296-unit, Class A apartment community in Henderson, NV. The prop...
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Former PetSmart Building in Houston to Be Redeveloped into a Hotel 7/30/14 Prosperity Hospitality Group purchased a 24k sf, former PetSmart building in Houston for $4.98 mil ($207 psf). The freestanding building is located at 10500 Katy Fwy, adjacent to Houston Community College.
Built in 1992, th...
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Dornin Investment Group Completes 123k sf Texas Office Buy 7/24/14 In a recent Texas office buy, Dornin Investment Group purchased Kirkwood Atrium Office Park, a two-building, Class B office property totaling 122.7k sf of space in Houston’s prestigious Energy Corridor office submarket. The b...
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LA Investor Finances AZ Acquisitions with Six Loans Totaling $17.6 Mil 7/24/14 Meridian Capital Group LLC arranged six loans totaling $17.6 mil in acquisition and permanent financing for six multifamily properties and one retail property located in Tempe, AZ. The five-year loans, provided by an east coa...
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Colorado Springs Apartment Community Trades at $48k/Unit 7/22/14 Alikar Gardens, a 124-unit apartment complex located three-and-a-half miles southeast of downtown Colorado Springs, recently sold in a deal valued at $6 mil, or $48.4k/unit. Built in 1970, Alikar Gardens I situated on a 2.9-a...
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Reno Apartment Community Sells for $72k/Unit 7/21/14 A CA-based private investor involved in a 1031 exchange paid $9 mil for Talus Point Apartment Community, a 125-unit ($72k/unit) multifamily property in Reno, NV. The property sold at a 5.8% actual and 7% proforma cap rate.
T...
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Cassidy Turley Awarded Leasing Assignment for 336k sf AZ Retail Center 7/16/14 La Jolla-based CIRE Equity has awarded the leasing assignment for Pecan Promenade to Cassidy Turley. Located at the northeast corner of 99th Ave and Lower Buckeye Rd in Tolleson, AZ, Pecan Promenade is a retail power center c...
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TA Associates Spends $75 Mil on Two-Property AZ Multifamily Portfolio 7/15/14 A two-property multifamily portfolio in Arizona recently sold for $75.45 mil. The assets are Pinnacle Terrace, a 300-unit apartment complex in Chandler that sold for $39.2 mil ($131k/unit) and Pinnacle at Union Hills, a 264-u...
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Work Started on New 300k sf Houston Office Project 7/14/14 Construction has gotten underway on Westway Plaza, a five-story, 312k sf office project located at the northwest corner of Sam Houston Tollway and Clay Rd in Houston. The project, being built by an affiliate of Transwestern D...
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Buchanan Street Partners Buys 180k sf AZ Office Building 7/11/14 Stapley Corporate Center, a two-building, Class A office property in Mesa, AZ, was purchased by OC-based Buchanan Street Partners in a $32.5 mil deal from a couple of weeks or so ago. The transaction reflects Buchanan Street’...
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Phoenix Res Property Sells for $90k/Unit 7/10/14 Washington-based Atrium Apartments LLC paid $1.9 mil for Shorewood Apartments, a 21-unit ($90.5k/unit) community located in the midtown neighborhood of Phoenix, AZ, just north of downtown. The property was sold by San Diego-b...
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Gladstone Commercial Corporation Buys 125k sf HQ Building in Colorado 7/10/14 Gladstone Commercial Corporation purchased a 124.8k sf building in the Denver suburb of Aurora, CO. The building serves as the HQ/warehouse/manufacturing/distribution facility for Barton Supply, a privately owned portfolio co...
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Whitestone REIT Wraps Up 70k sf Fort Worth Retail Buy 7/09/14 Whitestone REIT purchased Heritage Trace Plaza, a 70.4k sf, Class A community center in Fort Worth, TX. The property is 98% leased and is anchored by Texas Health Resources. The acquisition marks Whitestone's 61st property, a...
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Partners Capital Venture Picks Up 165k sf Vegas-Area Retail Center 7/08/14 A joint venture of Partners Capital and its affiliates have acquired Crossroads at Sunset Shopping Center, a 165k sf retail center located in the Las Vegas submarket of Henderson, NV. Anchored by Sports Authority, Toys R Us, ...
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Canadian-Based Investment Entity Buys 384-Unit AZ Apartment Community 7/07/14 Colter Park, a 384-unit apartment community in Phoenix, AZ, was acquired by a limited partnership formed by The Sheiner Group of Westmount, Quebec, Canada. The terms of the sale were not disclosed.
The property is located at...
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