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• Harvard Investments and Lincoln Property Company to Build 250k sf of Office Space in Phoenix
6/16/14
Harvard Investments and Lincoln Property Company (LPC) will team up for development of the second and final phase of Riverview Point, a Class A office project directly adjacent to the 250-acre Mesa Riverview mixed-use propert...
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• Mesa, AZ Seniors Community Financed with $6.5 Mil from a National Lender
6/13/14
Campbell-Hogue & Associates Inc obtained $6.5 mil in financing for Discovery Point, a 183-unit, independent living community in Mesa, AZ. The seven-year, fixed-rate loan was arranged by and HFF team led by managing director C...
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• OC Investor Pays $200/sf for Sun City Retail Property
6/13/14
Kanjibhai Ghadia of Anaheim paid $1.3 mil for Grand Retail Plaza, a 6.4k sf ($203/sf), multi-tenant strip center in Sun City, AZ. The property, located at 9827 W. Grand Ave, was sold by ViaWest Group. It was 100% leased at ti...
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• Wood Partners Begins Work on 313-Unit Dallas Res Project
6/12/14
Wood Partners L.L.C has begun construction on Alta Farmers Market, a 313-unit apartment community on 4.7 acres near the Dallas Farmers Market in downtown Dallas. Wood Partners expects construction to be completed in late 2015...
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• Phoenix Office Property Sells for $5.2 Mil
6/11/14
A Scottsdale, AZ-based private investment entity has purchased Northbank Office Building, a two-story, 31.2k sf suburban office building in Phoenix, for $5.2 mil ($167/sf). The multi-tenant property, located at 5110 North 40t...
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• Institutional Apartment Buy in Reno Priced at $55 Mil
6/06/14
In a recent institutional apartment buy in Reno, NV, RPM Co has purchased The Alexander at South Virginia, a luxury multifamily property set against the spectacular backdrop of the Sierra Nevada with unobstructed views of Mou...
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• Parallel Capital Partners Inks $25 Mil of Renewal Deals at Phoenix Office Tower
6/05/14
In downtown Phoenix leasing news, Parallel Capital Partners has recently inked renewal deals for about 100k sf at its US Bank Center office property. The deals have a combined value of over $25 mil. This activity follows a ne...
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• Pathfinder Partners Cooks Up Redevelopment Plan for Butterball Turkey Plant in CO
6/04/14
The former processing plant for Butterball Turkey in Longmont, CO was purchased by a venture of Pathfinder Partners and 150 Main LLC for $4.5 mil. The acquisition consists of seven parcels of land on 27.5 acres with 326k sf o...
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• Clear Sky Capital Buys 252-Unit AZ Multifamily Property
6/03/14
Clear Sky Capital recently purchased The Lodge Apartments, a 252-unit, Class A apartment complex in Flagstaff, AZ. The asset was acquired from The Lodge Luxury Apartments, LLC (Bassham Family Trust) for $31.85 mil ($126k/unit...
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• Transwestern Lands Leasing Assignment for New Houston Office Project
6/03/14
Transwestern was awarded the leasing assignment for a 203.3k sf, Class A office building in Houston. The building is part of Mid Main, a 214.6k sf, mixed-use project being developed by RHS Interests Inc.
The eight-story off...
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• Las Vegas Shopping Center Sells for $30 Mil
6/02/14
Southwest Marketplace, a 115.7k sf, Class A shopping center in Las Vegas, was acquired by Philips Edison for $30.4 mil ($263/sf). Located at the signalized intersection of Rainbow Blvd and Windmill Lane, Southwest Marketplace...
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• Henderson, NV Apartment Sale Sets Records
6/02/14
San Francisco-based Hamilton Zanze recently bought Elysian Parc, a 164-unit luxury apartment complex in Henderson, NV, for $26 mil. The transaction came in at a record price of $158.5k/unit and a record $152/sf for the Las Ve...
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• NorthMarq Capital Arranges $74 Mil on Three Multifamily Properties
5/27/14
NorthMarq Capital arranged refinancing deals on three multifamily properties in separate deals totaling more than $74 mil. The transactions, arranged by NorthMarq’s Marty Meagher and Gardiner Champlin, are for properties in S...
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• Cardinal Group Cos Leases 11k sf of Denver Office Space
5/27/14
Cardinal Group Cos has leased 11.3k sf of office space at Mountain Towers, a 19-story office building in Denver. The 209.8k sf property, located at 4100 E. Mississippi Ave, is owned by Northridge Capital, based in Washington ...
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• AZ Seniors Manufactured Housing Community Goes for $7.35 Mil
5/27/14
Peoria Mobile Estates, a senior (55+) manufactured housing community in Peoria, AZ, Was purchased for $7.35 mil by an Arizona-based company that owns and operates a dozen other manufactured housing communities. It was sold b...
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• Real Estate Capital Partners Acquires 248-Unit Phoenix Res Asset
5/27/14
Real Estate Capital Partners (“RECP”) recently acquired Crestone at Shadow Mountain Apartments, a 248-unit multifamily community in North Phoenix, for $27.2 mil ($109.7k/unit). It was sold by P.B. Bell, who will remain in-pla...
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• Boulder, CO Office/Retail Building Sells for $233/sf
5/22/14
Hilltop Plaza, a 25.8k sf office/retail property in Boulder, CO, sold for around $6 mil ($233/sf). Located at 1310 College Ave, just west of Broadway St, the asset was sold by an affiliate of Green Courte Partners LLC to an u...
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• Holualoa Companies Collects $26.5 Mil from AZ Retail Disposition
5/21/14
Hayden Station, a 107.5k sf, mixed-use office and retail property in Tempe, AZ was acquired by Mill Avenue Office LLC for $26.5 mil, or $247/sf. The property, located on the southwest corner of Mill Ave and 3rd St, was sold b...
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• Resmark, Westfield and Greystar Start Work on 344-Unit AZ Res Community
5/20/14
A new joint venture between Resmark Apartment Living, Westfield and Greystar has broken ground on a 344-residence apartment community in Desert Ridge, AZ, about 11 miles north of Scottsdale. The project is on a 15-acre site a...
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• Investors Trade 236-Unit Phoenix Multifamily Community
5/16/14
Tuscany Pointe Apartments, a 236-unit multifamily community in Phoenix, AZ, recently sold for $10.1 mil, or about $42.8k/unit. The property is located on 8.3 acres at 14830 North Black Canyon Hwy between the North Interstate ...
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