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• Two Walgreens Stores Trade in Deals Totaling $13 Mil
3/14/12
Two single-tenant Walgreens stores – one in Downey and the other in Tucson – recently sold in separate deals with a combined value of more than $13 mil.
In the Downey transaction, a 12.2k sf freestanding building (with drive...
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• Phoenix Commercial Advisors Awarded Leasing for 1.3 msf Metrocenter
3/12/12
New York-based Carlyle Development Group named a new leasing and management team for the firm’s recently acquired Metrocenter, a shopping, dining and entertainment landmark in Phoenix, Ariz.
This team includes the addition o...
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• MG Properties Closes $27 Mil Reno Multifamily Buy
3/08/12
San Diego-based MG Properties Group has acquired Manzanita Gate Apartments, a 324-unit multifamily property in Reno, NV, for $27 mil ($83.3k/unit). Built in 1997, Manzanita Gate is located at 2475 Robb Dr in the foothills of ...
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• Avison Young Opens New Office in Reno
3/07/12
Avison Young, Canada’s largest independently-owned commercial real estate services company, has opened a new office in Reno, Nevada. This office marks Avison Young’s 10th location outside of Canada, the company’s second Nevad...
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• Pathfinder Venture Acquires 96-Unit Phoenix Multifamily Asset
3/02/12
Pathfinder Partners LLC has acquired, in a venture with Phoenix-based Ryan Hartman, Academy Apartments, a 96-unit, four-building multifamily property situated in Phoenix’ uptown neighborhood, for $4.075 mil. Pathfinder is a S...
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• Denver Apt Vacancies Expected to Drop to Lowest Level Since 2000
2/24/12
Expansion in Denver’s high-tech and energy sectors, along with growth in professional and business services, will support job creation sufficient to offset a three-fold increase in completions. As a result, apartment vacancy ...
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• Karlin Lands $41 Mil in New Financing on AZ and OR Retail Centers
2/16/12
Karlin Real Estate has obtained a new $41.2 mil first mortgage loan cross-collateralized by retail properties in Scottsdale, AZ and Portland, OR. The money was provided by Mesa West Capital.
The Scottsdale asset consists of ...
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• 100-Unit CO Multifamily Property Trades at $25k/Unit
2/10/12
Vista Ridge, a 103-unit apartment complex located at 420 Royalty Place in Fountain, CO, sold for $2.615 mil ($25.4k/unit) in a deal that also included approximately five additional acres of commercial zoned RC land.
Built i...
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• Archway Holdings Acquires Three AZ Medical Office Buildings
2/10/12
Beverly Hills-based Archway Holdings Corp recently closed escrow on three medical office buildings in Arizona in two separate transactions. The properties are 101 Medical Office Center (renamed Estrella Health Center) at 9250...
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• DivcoWest Closes 261k sf Texas Office Buy
2/10/12
San Francisco-based DivcoWest announced today that it DivcoWest wrapped up another notable office buy. In this latest transaction, the company purchased Prominent Pointe I & II, a two-building Class A office project totaling ...
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• US Airways Leases 62k sf Building in Tempe
2/07/12
US Airways inked a multi-year lease for a 15-year-old, 62k sf building at 8140 S Hardy Drive in Tempe, AZ. The lease, which is for US Airways’ travel reservations center, is valued at approximately $4.5 mil.
Transwestern Vi...
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• BH Properties Takes Ownership of Two AZ Apartment Communities Totaling 274 Units
2/03/12
BH Properties has gained ownership of two AZ apartment communities. The properties are the Monarch and Montego apartment communities, 120-unit and 154-unit assets located in Phoenix and Mesa. They represent the 7th and 8th ac...
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• Pathfinder Picks Up Two Denver Properties
2/03/12
San Diego-based Pathfinder Partners LLC has boosted it Denver portfolio with two recent acquisitions. One of the purchases was the Grant Street Mansion, a 23k sf, historic office building located near Capitol Hill at 1115 Gra...
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• AZ Apartment Community Trades for $24.5 mil
2/01/12
Camden Vista Valley, a 357-unit apartment community in Mesa, sold for $24.5 mil ($68.6k/unit). Built in 1986, the property is located at 922 South Longmore St.
Camden Vista Valley features 124 one-bedroom and 233 two-bedroom...
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• Denver Office of Johnson Capital Places Over $124 Mil in December 2011
1/27/12
January 27, 2012 – Denver Office of Johnson Capital Places Over $124 Mil in December 2011
Team closes 13 loans in Colorado, Texas and Oklahoma
Johnson Capital’s Denver office finished off 2011 with a flurry of activity, plac...
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• Excel Trust Spends $56 Mil on Office Component at Scottsdale Promenade
1/26/12
Excel Trust has acquired Promenade Corporate Center, a 256.2k sf office project in Scottsdale, AZ, for $56 mil ($219/sf). The property consists of two four-story Class A buildings and a three-level, 800-space parking structur...
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• Vestar Takes Over Management of Christown Spectrum Mall
1/26/12
Vestar was retained by New York-based Coventry Real Estate Partners to handle the property management of Christown Spectrum Mall, a 1.145 msf retail property located at W Bethany Home Rd and N. 19th Ave in Phoenix, AZ.
Ves...
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• Westcore Properties Secures $289 Mil in Financing to Close Out 2011
1/20/12
San Diego-based Westcore Properties closed out 2011 by securing $288.8 mil in financing for the acquisition of 2.4 msf of industrial space in California and Hawaii along with the repositioning of a 1.2 msf Denver office portf...
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• Rexford Spends $23 Mil on 319k sf Industrial Portfolio
1/19/12
SoCal-based Rexford Industrial has acquired five high quality multi-tenant industrial properties totaling 318.7k sf on behalf of the firm’s Rexford Industrial Fund V REIT (“RIF V”). The portfolio was purchased from Cornerston...
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• Westport Capital Partners Completes 150k sf AZ Office Buy
1/13/12
Westport Capital Partners LLC has purchased a 150k sf office building known as Scottsdale Financial Center II in Scottsdale, Arizona. The acquisition is on the heels of a prior acquisition of a 124k sf flex/industrial park lo...
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