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• Drawbridge Realty Trust Invests $17 Mil in Texas Office Asset
12/04/13
Drawbridge Realty Trust has acquired Stonecreek Park, a 76.9k sf office property in Austin, Texas, for $16.9 mil, or around $220/sf. The asset, located at 3300 Duval Rd, was sold by Lionstone Group.
The two-story, Class ...
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• TEXAS - Hines Lands Property Management Duties for 375k sf Houston Office Tower
12/03/13
Silver Peak and Cameron Real Estate have awarded the property management duties for 1001 McKinney in Houston to Hines. The tower is a 23-story building located on the corner of McKinney and Main in the heart of the city’s dow...
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• MVP Completes $6 Mil Buy of 22k sf Vegas Office Building
12/03/13
MVP REIT Inc has completed the final of six commercial office building acquisitions located within a Las Vegas office park. The 22k sf office building was purchased for $6.1 mil ($277/sf) in a transaction that closed on Nov. ...
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• MIG Real Estate Closes 90k sf AZ Office Buy
12/03/13
MIG Real Estate has purchased Arcadia Gateway Center, an 89.8k sf, Class A office building in Phoenix. Arcadia Gateway Center is located at 4222 East Thomas Rd, about midway between downtown Phoenix and downtown Scottsdale. T...
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• Santa Fe Resort Property Acquired by Venture Between PCCP LLC and 1754 Properties
12/03/13
A joint venture between PCCP LLC and 1754 Properties LLC has acquired La Posada de Santa Fe Resort and Spa in downtown Santa Fe, New Mexico. The 158-room La Posada hotel was an REO acquisition from Ektornet. The price was not...
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• Phoenix Team at Johnson Capital Arranges $7.5 Mil on Three AZ Apartment Properties
11/27/13
Neal Churney, CCIM, Dave Susank and Adam Finkel in Johnson Capital’s Phoenix office, have arranged three loans totaling $7.5 mil secured by three different apartment assets located in Sierra Vista, AZ.
The properties contai...
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• TEXAS - Johnson Capital Arranges $7.8 Mil Refi on Houston Apartment Property
11/25/13
Scott Graber, Managing Director in Johnson Capital’s Denver office, has arranged a $7.84 mil FHA Section 223(a)(7) loan to refinance a 238–unit apartment complex located in Houston, TX.
The property, the Vineyard Trace Apar...
Price: $4.99
Executive Subscriber Price: Free
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• Phoenix Office of Johnson Capital Arranges $99 Mil in Multifamily Loans During 3rd Qtr 2013
11/22/13
The Phoenix office of Johnson Capital, led by Dave Susank, Neal Churney, CCIM and Don Burnes, arranged 16 different loans for $99 mil secured by multifamily properties during the third quarter of 2013. Year-to-date, the offic...
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• CO Retail Property Sells for $229/sf
11/21/13
A 16.4k sf, multi-tenant shopping center in Monument, CO sold for $3.76 mil ($229/sf). Located at 556-590 W. Hwy 105, the center was built in 1995 and is situated on 1.62 acres. Anchored by Safeway (not a part of the sale), t...
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Executive Subscriber Price: Free
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• MIG Real Estate Closes Its First Buy in Salt Lake City Area
11/21/13
Newport Beach-based MIG Real Estate just closed on its first acquisition in the Salt Lake City area, purchasing Mountain View Corporate Center, an 84.4k sf, Class A office building in Murray, Utah.
Located at 756 & 764 East...
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Executive Subscriber Price: Free
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• Strategic Storage Trust Spends $64 Mil on Two Portfolios
11/20/13
In separate transactions, Strategic Storage Trust Inc (SSTI) – a publicly registered non-traded REIT investing in self-storage properties – recently purchased five self-storage properties located in the greater Dallas/Fort Wo...
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• Westminster, CO Retail Asset Goes for $10.8 Mil
11/19/13
Denver-based Gart Investment Company closed on a newsworthy CO retail buy, paying $10.8 mil for Willow Run Shopping Center, a 95.8k sf ($113/sf) retail center in Westminster, CO, a suburb northwest of Denver. Built in 2000 on...
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Executive Subscriber Price: Free
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• AZ Apartment Community Fetches $33 Mil
11/19/13
Villamora, a 289-unit apartment community in Chandler, AZ, recently sold for $32.9 mil ($113.8k/unit). The property is located at 2150 South Arizona Ave.
Built in 2001, the two-story, garden-style apartment community offers...
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• TEXAS - Steadfast Income REIT Purchases 1,692-Unit Res Portfolio in Houston
11/18/13
Steadfast Income REIT Inc completed a six-property portfolio acquisition in Houston representing 1,692 apartment units. The portfolio was acquired in two phases that closed on October 10 and November 7 of this year. The REIT ...
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• TEXAS - 1031 Investor Exchanges into 220-Unit TX Apartment Asset
11/14/13
The Creek on Park Place, a 220-unit apartment complex in the Mid-Cities area of Texas between Dallas and Fort Worth, was acquired by a 1031-exchange investor from the West Coast. The terms of the sale were not released.
Buil...
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Executive Subscriber Price: Free
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• Dallas/Ft Worth Apartment Market Strengthening but Looming Development May Temper Demand
11/11/13
Here’s a brief review of the Dallas/Fort Worth apartment market, provided to us by national investment real estate services firm Marcus & Millichap:
The robust local economy will afford apartment owners a few more quarters o...
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• Investor Refis Two Vegas Retail Centers
11/07/13
Quantum Capital Partners has arranged new loans to refinance two retail properties in Las Vegas for a private investor. The recent financings consist of a $1.04 mil loan for El Mercado, a 12k sf, L-shaped retail center in eas...
Price: $4.99
Executive Subscriber Price: Free
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• Hines’ 24th at Camelback II Tower Achieves LEED Platinum Certification
11/06/13
Hines’ 24th at Camelback II office tower has achieved Platinum certification under the U.S. Green Building Council's LEED for Existing Buildings (EB) Rating System. The property, owned by Hines and an East Coast pension fun...
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• TEXAS - Johnson Capital Arranges $11.7 Mil on Austin Multifamily Property
11/05/13
Jason Pumpelly, Managing Director in Johnson Capital’s Dallas office, has arranged $11.72 mil in acquisition financing for a 198-unit apartment complex in Austin, TX.
The property, Cascades Apartments, is located on Algarit...
Price: $4.99
Executive Subscriber Price: Free
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• Buchanan Street Partners Spends $52 Mil on AZ Properties
11/05/13
Buchanan Street Partners purchased a 446k sf commercial real estate portfolio from Carlson Real Estate Company for $52.6 mil ($118/sf). The 10-building portfolio was acquired in four separate transactions and includes a mix o...
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