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• The Bascom Group Pays $32.6 Mil for Denver Apartment Community
1/04/13
The Bascom Group has purchased Loretto Heights, a 312-unit multifamily asset in Denver, CO, for $32.6 mil, or $104.5k/unit. Acquisition financing of $27.2 mil was arranged by Brian Eisendrath of CBRE's Capital Markets group a...
Price: $4.99
Executive Subscriber Price: Free
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• Germany’s GLL Real Estate Partners Acquires Phoenix Office Asset
1/03/13
GLL Real Estate Partners, a German-based real estate investment entity, purchased Papago Spectrum, a 159.8k sf office building in Phoenix, AZ. The Class A, multi-tenant building sits at the geographic center of the Phoenix me...
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• OC Investor Buys AZ Apartment Community
12/28/12
In a recent multifamily buy from Mesa, AZ, Insite Properties LLC paid $8.65 mil for The Trails East Apartments, a 209-unit ($41.4k/unit) community located at 1653 Harris Dr.
The property, built in 1983, consists of 112 one-...
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• Pathfinder Partners Closes 8th Colorado Investment
12/21/12
San Diego-based Pathfinder Partners, LLC has purchased two of the four buildings within the Garrison Business Park – a fully-leased, class B, flex industrial and office complex in Lakewood, CO. The transaction marks Pathfinde...
Price: $4.99
Executive Subscriber Price: Free
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• Tempe, AZ Apartment Property Goes for $3.6 Mil
12/19/12
A 91-unit multifamily property located at1224 and 1222 Lemon Ave in Tempe, AZ sold for $3.6 mil, or $39.6k/unit. The property, which consists of the Fiesta Park and George Ann Apartments, is located in a prime area of Tempe, ...
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• Buchanan Street Partners Purchases 89k sf Scottsdale Property
12/18/12
Buchanan Street Partners acquired a 66.8k sf office/flex building in Scottsdale, AZ from H-B Perimeter LLC. Terms of the sale were undisclosed. Buchanan’s acquisition of the Perimeter Center building comes as the Scottsdale A...
Price: $4.99
Executive Subscriber Price: Free
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• ViaWest Picks Up 140k sf of Chandler, AZ Office Space
12/14/12
ViaWest Group recently acquired two commercial office buildings and five office condominium buildings totaling 139.8k sf of space within the “Chandler Midway Corporate Center” located at Chandler Blvd and Kyrene Rd in Chandle...
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• Phoenix Multifamily Asset Trades in $31 Mil Deal
12/13/12
Mountain Park, a 240-unit multifamily community in suburban Phoenix, recently sold for $30.85 mil, or approximately $128.5k/unit.
Located at 4221 East Ray Rd, the property comprises 230.5k sf, which equates to a price of rou...
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• Executive Suites Operator Leases 35k sf Scottsdale Building
12/12/12
Vision Offices Executive Suites L.P. agreed to a 10-year, $5.9 mil lease of a 35.2k sf ($1.40/sf/mo) building in Scottsdale, AZ. The property is located at 9375 East Shea Blvd, just east of the 101 Loop.
Vision Offices is a...
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• Phoenix Multifamily Property Sold for $30 Mil
12/06/12
La Palma, a 548-unit apartment complex in Phoenix, was purchased for $30.1 mil ($55k/unit) by Seattle-based Weidner Investment Services. Built in in 1984, the property sits on 27.6 acres on West Bell Rd, near 7th Ave.
La Pal...
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• Avison Young Opens New Office in Denver
12/05/12
Avison Young, Canada’s largest independently-owned commercial real estate services company, has opened a new office in Denver, CO, marking the company’s 21st market outside of Canada and an additional step in the firm’s ongoi...
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• MIG Real Estate Converts Phoenix Hotel to Hampton Inn
12/03/12
MIG Real Estate has completed a $1.8 mil conversion of the Hotel Highland in Phoenix to the Hampton Inn brand. Renovations of the new Hampton Inn Phoenix-Biltmore include major upgrades to the hotel’s lobby, breakfast lounge ...
Price: $4.99
Executive Subscriber Price: Free
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• Scottsdale Health Center Building Sells for $3.3 Mil
11/30/12
An 11.4k sf freestanding Arrowhead Health Center building in Scottsdale, AZ sold for $3.3 mil ($289/sf) in a recent sale/leaseback deal. Located at 2629 N. Scottsdale Rd, the property is a new strategic satellite facility for...
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• Construction Underway on 281-Unit Res Community in Denver’s Union Station Neighborhood
11/28/12
Construction has begun on Alta City House, a five-story, 281-unit luxury apartment community in the heart of Denver’s bustling Union Station neighborhood. The project, one of the most ambitious and most-watched urban redevelo...
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• Vegas Mixed-Use Park Goes for $7 Mil
11/27/12
Decatur Crossings III, a 112.3k sf mixed-use property in Las Vegas, was acquired for $7 mil ($62/sf) by Ready Mix Opportunity Group LLC. The project, which consists of two, two-story office/flex buildings, was approximately 4...
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• BH Properties Picks Up 260k sf Industrial Facility in Tucson
11/21/12
A BH Properties affiliate has purchased the former Pella Corporation building (also known as the Aero Business Park) in Tucson, AZ for $5.2 mil, or $20/sf. Built in 1985, the 260k sf manufacturing and warehouse facility is lo...
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• East Coast Firm Purchases 125k sf Phoenix Industrial Facility
11/15/12
An East Coast-based manufacturer and distributor of make-up, costumes and accessories has purchased a 125k sf industrial building in Phoenix. The buyer, Buckeye 59th Ave LLC, will use this property as its distribution facilit...
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• Scottsdale Retail Center Trades for $39 Mil
11/13/12
We’ve got two recent AZ retail sales to report, one a $39 mil buy in Scottsdale and the other an $8 mil deal in Glendale. Together they contain about 163k sf of total space.
In Scottsdale, Global Retail Investors, out of Bet...
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• Lender-Owned Phoenix Retail Center Trades for Over $15 Mil
11/12/12
Houston-based Whitestone REIT closed on a Phoenix retail acquisition, paying $15.37 mil for Fountain Square, a 118.2k sf ($130/sf) lender-owned shopping plaza. The property was originally developed in 1986 by Charles Keating ...
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• U of A Student Housing Property Sells for $67 Mil
11/12/12
Education Realty Trust (EdR) has purchased The District on 5th Avenue, a new 208-unit, student housing community located approximately one-half mile from the University of Arizona in Tucson. The 764-bed complex sold for $67 m...
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