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• Work Begins on New $45 Mil Mixed-Use Project in Salt Lake City
9/18/12
Parley’s Partners of Salt Lake City, Utah has begun construction on Birkhill on Main, a new upscale, eco-friendly, transit-oriented apartment community in Murray, Utah, eight miles south of Salt Lake City. The 6.2-acre, multi...
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• Johnson Capital Arranges $23 Mil in Refi Money on 88k sf Mixed-Use Property
9/17/12
Scott Monroe, Senior Vice President at Johnson Capital, has arranged a $23 mil refinance loan secured by a new mixed-use complex in Austin, TX.
The property was built in 2009 by a major regional retail developer based in A...
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• Phoenix Single-Tenant Bank Property Fetches Over $2,200/sf
9/14/12
A single-tenant, retail property NNN leased to Wells Fargo Bank in Phoenix, AZ sold for $9.15 mil. The transaction works out to $2,231/sf, the highest PPSF for a bank-occupied property in 2012 nationwide. It also set a new na...
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• U-Haul Picks Up Tucson AZ Self-Storage Property
9/05/12
AMERCO Real Estate Company, the parent company of U-Haul, acquired a 36k sf self-storage property in Tucson, AZ for $1.7 mil. U-Haul will add the property, located at 6755 East Golf Links Rd, to their extensive list of owned ...
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• Bascom Closes $27 Mil AZ Multifamily Buy
9/04/12
Here’s the scoop on a recent institutional multifamily acquisition in Arizona, as Bascom Arizona Ventures purchased Coldwater Springs Apartments, a 301-unit community located in Avondale, AZ, for $27.2 mil, or $90.4k/unit. Co...
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• Philips Edison-Arc spends $12.7 Mil on Tucson Retail Asset
8/31/12
Shopping center REIT Philips Edison-Arc has purchased an 83.6k sf portion of Broadway Plaza Shopping Center, a 464.9k sf multi-tenant retail asset located at 7701-7895 E Broadway Blvd in Tucson, AZ. The asset sold for $12.7 m...
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• DDR Closes $123 Mil AZ Retail Buy
8/23/12
In a major retail acquisition, DDR Corp purchased The Tucson Spectrum Shopping Center, a 709.8k sf regional center in Tucson, AZ, for $123.4 mil. The acquisition also included seven developable finished retail pads of both Ph...
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• PCCP Purchases 50% Interest in 307-Unit Phoenix Apt Community
8/22/12
PCCP LLC purchased a 50 percent syndicated interest in a senior construction loan secured by Belara Apartments, a 307‐unit Class A apartment community located north of the Deer Valley submarket in the city of Phoenix. B...
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• Communication Test Design Leases 239k sf of AZ Ind Space
8/17/12
In a big AZ industrial lease, Communication Test Design inked an eight-year deal for 238.5k sf of space at Westside Business Park in the city of Tolleson, roughly 12 miles directly west of Phoenix. The transaction accounts fo...
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• Three-Property Low Income Housing Portfolio in Reno Goes for $9.3 Mil
8/16/12
A three-property, 293-unit Section 42 Low Income Housing Tax Credit (LIHTC) portfolio in Reno sold for $9.3 mil ($31.7k/unit). Combined, the properties -- Skyline, Skyview and Southridge -- encompass a total of 233.5k sf of s...
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• Westport Capital Partners Closes AZ Mixed-Use Buy
8/16/12
Westport Capital Partners LLC recently purchased Agave Center, a five-building, 220k sf mixed-use property in Tempe, AZ. The acquisition consists of three single-story office buildings, one two-story office building, a flex i...
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• Woodbury Strategic Partners Fund Closes 105k sf Retail Buy in Utah
8/13/12
Woodbury Strategic Partners Fund has purchased Midvale Plaza, a 105.2k sf retail strip in Midvale, Utah, approximately 13 miles south of Salt Lake City. The terms of the sale were not disclosed.
The property is located at 73...
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• Phoenix Office Property Achieves Energy Star Certification
8/06/12
City Square, a Class A office property located in midtown Phoenix, has achieved Energy Star certification for its three high-rise office towers. Energy Star is a national program that distinguishes the property as one of the ...
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• BH Properties Completes 280-Unit AZ Multifamily Buy
8/02/12
BH Properties has acquired Smoke Tree Apartments, a 280-unit multifamily property in Phoenix, AZ, for approximately $7.25 mil ($25.9k/unit). The property is the company’s seventh apartment acquisition in the Phoenix area in t...
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• Single-Tenant Vegas Property Sells for Over $400/sf
7/31/12
A NNN-leased, single-tenant retail property in Las Vegas recently sold for $5.5 mil, or about $417/sf, in an all-cash deal. The 13.2k sf asset, situated on 1.35 acres at 4211 Paradise Rd, is fully occupied by Destination XL, ...
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• NorthMarq Arranges $21 Mil on CO and UT Apartment Complexes
7/30/12
NorthMarq arranged combined first mortgage refinancings in the amount of $21.25 mil for two market-rate multifamily properties containing a total of 354 units. NorthMarq’s Mark Grace arranged the deals, on properties in Colo...
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• Unique AZ Mountain Resort Hits the Market
7/27/12
We just learned of a unique resort property listing to hit the market, as Eastdil Secured and C-III Realty Services have been retained as advisors for the owner in the sale of the Pointe Hilton Tapatio Cliffs Resort, a 584-su...
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• Phoenix Circle K Gas Property Fetches Over $700/sf
7/23/12
A single-tenant, NNN leased retail property occupied by a Circle K Gas & Convenience store in Phoenix, AZ sold for $2.285 mil ($737/sf). Built in 1987, the property totals 3.1k sf and is located at 1901 West Cactus Rd, east o...
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• Holland Partners Finances CO Multifamily Asset with $34.5 Mil
7/23/12
Vancouver, WA-based Holland Partner Group has obtained $34.5 mil in financing for Legacy Heights, a 384-unit apartment property in Federal Heights, CO. The Freddie Mac money was arranged by Jim Rice, Executive Vice President,...
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• Phoenix Office Tower Earns LEED® for Existing Building – Operations and Maintenance certification
7/13/12
2800 Tower, a 21-story, 364.5k sf office tower in Midtown Phoenix, has achieved LEED® for Existing Building – Operations and Maintenance certification, ending a one-year chase for the prestigious sustainability prize from the...
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