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• Vegas Class A Office Building Trades Hands
7/29/11
Ameriprise Financial Inc just purchased Sunset Pilot Plaza, a 100k sf Class A office property in Las Vegas. Located at 280 Pilot Rd, the property was sold by Newport Beach-based MIG Real Estate. Terms of the transaction were ...
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• Cornerstone Picks Up Phoenix Apartment Community
7/27/11
A real estate fund advised by Cornerstone Real Estate Advisors recently purchased Level at Sixteenth, a 240-unit apartment community located at 1550 East Campbell Ave in Phoenix, AZ. Completed in 2010, Level at Sixteenth is a...
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• Tempe Role Could Become Permanent for Pathfinder Partners
7/26/11
San Diego-based Pathfinder Partners is forging a new path for the company, in Arizona. The firm has completed two notable acquisitions in the state so far this month, marking a strong entrance into the region’s multifamily ma...
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• Carlisle Properties Purchases 35k sf CO Center from Westwood Financial
7/21/11
In the latest deal news from Westwood Financial Corp, the big retail owner/operator has sold Heritage Hills Shopping Center in Lone Tree, CO to Carlisle Properties for $11.4 mil. The 34.7k sf retail center is located at 9227-...
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• Weidner Investment Services Picks Up Two Phoenix Multifamily Properties
7/20/11
A two-property, 187-unit Phoenix multifamily portfolio has sold for $4.3 mil ($23k/unit). The properties, Silktree and Palmwood Terrace, are both located in the city’s Arcadia area.
The 86-unit Silktree and 101-unit Palmwood...
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• LBG Realty Advisors and Blue Vista Sponsor Equity Fund Purchase Vegas Retail Center
7/19/11
A partnership of LBG Realty Advisors LLC and Blue Vista Sponsor Equity Fund II LLC has acquired Southwest Marketplace, a 118.3k sf shopping center in southwest Las Vegas. The property, located on South Rainbow Blvd at Windmil...
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• Majority of Retail Space at AZ Mixed-Use Project Sells for $110 Mil
7/14/11
San Diego-based Excel Trust has purchased the majority of the retail space at The Promenade in Scottsdale, for $110 mil. The Promenade is part of Scottsdale Promenade, one of the largest mixed-use developments in the Phoenix,...
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• MIG Real Estate Closes $20 Mil AZ Buy
7/08/11
OC-based MIG Real Estate just closed on a sizable Arizona acquisition, Scottsdale Centre, a 164k sf property located at 7373 B. Scottsdale Rd in Scottsdale. The asset, which was sold by Arden Realty, traded for $20.8 mil ($12...
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• Bascom Group and Koelbel and Company Obtain $167 Mil in New Financing on 1,500-Unit Denver Res Community
7/08/11
Here’s the scoop on a major Colorado financing transaction, as HFF arranged $167 mil in first trust deed and mezzanine financing for The Breakers Resort, a six-village, 1,523-unit, Class A multi-housing community in Denver. T...
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• Vegas Office Complex Sells for Just Over $9 Mil
7/01/11
Westcliff Plaza, a 134.9k sf mixed-use office development in Las Vegas, traded hands in a recent transaction valued at $9.2 mil, or $68/sf. Located at 201-401 North Buffalo Dr, less than one mile from Hwy 95, the property was...
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• NoCal Investors Spend $30 Mil on Phoenix Retail Center
6/30/11
A Los Altos-based real estate investment entity has purchased Tatum Point Shopping Center, a 173.5k sf Walmart-anchored shopping center in Phoenix, for $30 mil ($173/sf). We’re told that the transaction represents the highest...
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• American Realty Advisors Affiliate Buys 300k sf Denver Office Property
6/30/11
In a big Denver office buy, an affiliate of a commingled fund managed by American Realty Advisors has acquired 1515 Wynkoop, an eight-story, 300k sf building in the heart of the city’s Lower Downtown (LoDo) neighborhood. Loca...
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• Westwood Financial Able to Afford a Lot of Happy Meals after Selling Off 28 Former McDonalds Corp Properties
6/30/11
Westwood Financial Corp has sold 28 former McDonald’s Corp-owned properties across the country. The assets are part of a 68-asset portfolio the company purchased in September 2010. The sold assets span 20 states and comprise ...
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• Boxer Properties Purchases 152k sf Phoenix Office Property
6/28/11
Houston-based Boxer Properties has purchased Lakeside Center, a 152.6k sf multi-tenant office park in Phoenix, for $5.44 mil ($36/sf). The property, which was roughly 50% leased at the time of the sale, is located at 11221-11...
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• Karlin Grabs a Pair of Arizona Retail Properties
6/28/11
Los Angeles-based Karlin Real Estate acquired a retail portfolio comprised of two Phoenix, AZ-area shopping centers following the firm's purchase of the non performing loans on the collateral, announced Managing Director Matt...
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• Johnson Capital Arranges Acquisition Financing for 40-Unit Colorado Property
6/24/11
Johnson Capital’s David Treadwell, out of the firm’s Denver office, has recently arranged a $1.145 mil debt placement for the acquisition of a 40-unit multifamily property in Brighton, CO. The borrower is a local investor who...
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• HFF Arranges $11 Mil on Nevada Multifamily Property
6/22/11
HFF has secured $10.92 mil in financing for The Waterford, a 240-unit multi-housing community in Sparks, Nevada. The complex is owned by a venture made up of Silverwing Development, AJU Investments and the Strand Group of Com...
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• Camelback Corridor Apartment Complex Commands $5.3 Mil
6/21/11
Highland Gardens, a 161-unit apartment complex at 4728 N. 15 th St. in Phoenix, AZ, has traded for $5.3 million ($32,919 per unit). The buyer is Highland Equity Partners LLC, a company formed by ARC Southwest Inc. in Tempe, H...
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• MIG Real Estate Acquires 18-Bldg, 100K SF Office Park in Las Vegas
6/17/11
MIG Real Estate, the Newport Beach, Calif.-based real estate investment company formerly known as Stoneridge Capital Partners, has acquired Pines Corporate Center, a 100k sf, 18-building office park in Las Vegas. Terms of the...
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• Trigild Named Receiver for an Additional 1 msf of Space
6/17/11
Trigild, a San Diego-based distressed real estate, loan recovery and real estate specialist, has added 11 commercial office and industrial properties nationwide to its portfolio of distressed commercial real estate. As the co...
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