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Institutional Investor Buys 312-Unit Houston Multifamily Complex 3/14/14 Mediterra at Westchase Apartments, a 312-unit multifamily complex in Houston’s Westchase submarket, was acquired by an institutional investor from California. The terms of the sale were not released.
Built in 1980 on 10.4 ac...
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Greenway Investment Company Buys 78k sf TX Retail Property 3/14/14 Greenway Investment Company has purchased Denton Town Center, a 77.6k sf shopping center in Denton, TX, about 40 miles northwest of Dallas. The property is located southeast of the intersection of Interstate 35 East and Loop ...
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American Bureau of Shipping Inks 259k sf Expansion/Renewal Lease at Greenspoint Place 3/13/14 American Bureau of Shipping (ABS) has agreed to an expansion/renewal lease at Greenspoint Place, a 2 msf, office/retail campus in Houston, TX. ABS has bumped its existing 228.3k sf of space by an additional 30.5k sf, for a t...
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HMS Holdings Signs First Office Deal at New 500k sf Vegas Mixed-Use Development 3/13/14 HMS Holdings Corp recently inked the first major office lease at The Gramercy, a 500k sf, mixed-use development currently under construction on 20 acres just west of the 215 beltway at Russell Rd in the southwest Las Vegas va...
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Baron Properties Spends $30 Mil on AZ Apartment Community 3/12/14 Alta Park West, a 260-unit, 252.6k sf luxury apartment community in Peoria, AZ, was purchased by Greenwood Village, CO-based Baron Properties for $30.05 mil, or $115.5k/unit. Greenwood Village is a suburb located about 15 mil...
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MIG Real Estate Completes 168-Unit CO Multifamily Buy 3/12/14 In a recent Denver area multifamily buy, Newport Beach-based MIG Real Estate purchased Copper Terrace Apartments, a 168-unit apartment home community in the Denver Technological Center submarket. The property is located at 65...
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Flextronics Renews 151k sf TX R&D Facility 3/11/14 Flextronics International USA Inc recently agreed to renew its 151.4k sf of R&D space in Plano, TX. The facility is located at 600 Shiloh Rd and is among several facilities Flextronics operates in North America, located in th...
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Whata Deal for Whataburger Site in TX 3/11/14 MJG Properties Ltd purchased the ground leased investment of a 2.7k sf retail pad located at 12311 Nacogdoches Rd, in the Northern Hills area of San Antonio, TX, for $1.75 mil. The property is the site of a brand new Whatabu...
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72-Unit Denver Multifamily Property Sells for $86k/Unit 3/10/14 Federal Square Village Apartments, a 72-unit multifamily property in Denver, was purchased by FSV LLC for $6.175 mil, or $85.8k/unit. The property, located at 3050 W. Floyd Ave, was 97 percent occupied at the time of sale, wi...
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Cohen Asset Management Buys 395k sf AZ Industrial Asset 3/07/14 Cohen Asset Management has acquired 43rd Avenue Logistics Center, a new state-of-the-art, 394.8k sf industrial facility located in Phoenix, AZ. The asset was purchased in an off-market transaction using joint venture equity f...
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Renovation Work Completed at 384k sf Vegas-Area Retail Center 3/07/14 Vestar has completed renovation work at The District at Green Valley Ranch, a 384.1k sf landmark retail property minutes from Las Vegas in Henderson, NV. The project includes such tenants as Whole Foods, West Elm, William So...
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Hines' Houston Office High-Rise Gets Underway 3/06/14 Hines has started construction on 609 Main at Texas, a 48-story, 1.05 msf office tower at the corner of Main and Texas streets in Downtown Houston, on the Main Street rail line. Construction is expected to take 36 months, wi...
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BH Properties Closes on another AZ Retail Buy 3/05/14 SoCal-based BH Properties has acquired its fourth retail property in Arizona, adding to its expanding portfolio in the region. The firm purchased Ross Plaza, a 64.7k sf neighborhood center in North Phoenix, for $3 mil ($46/s...
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Southwest Value Partners Pays Over $50 Mil for 152-Acre Biz Park in Chandler, AZ 2/28/14 San Diego-based Southwest Value Partners (SVP) has purchased Continuum, a 152-acre, master-planned business park in Chandler, AZ, for $51.75 mil. Continuum, an office and technology business park, is located in the Price Corr...
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The Laramar Group Has a Lot of Verve 2/28/14 The Laramar Group has been selected as property manager of Verve, a new 285-unit high-rise luxury rental building in the downtown Denver core. The property is owned by Amstar and was developed by The Opus Group.
Verve consis...
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Advenir Completes Its Third Multifamily Buy in the Dallas/Fort Worth Metroplex in the Past Six Months 2/27/14 Advenir has acquired Advenir@Mission Ranch, a 295-unit, Class A project in Mesquite, TX. The property, purchased from California-based Virtu Investments, was formerly named Mission Ranch. It is Advenir’s third apartment buy i...
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Thomas Land and Development LLC Gets Funding for Fifth Phase of RIM Power Center in San Antonio 2/26/14 Thomas Land and Development LLC (Thomas) has obtained a $55.2 mil senior construction loan to finance the fifth phase of the RIM, a highly successful power center located in San Antonio, TX. The loan was provided by Canyon Ca...
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CA-Based Custom Truck Manufacturer Buys 141k sf Industrial Property in Texas 2/26/14 Valew Truck Bodies, a custom truck manufacturer, has purchased a 141.1k sf industrial property at 4688 State Hwy 16 in Graham, TX. Adelanto, CA-based Valew purchased the two Class A buildings for its first ever manufacturing ...
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Alberta Development Partners to Build Mixed-Use Project in Tempe, AZ 2/21/14 Alberta Development Partners obtained $5.7 mil in financing to acquire and entitle a 1.86-acre mixed-use development land site in Tempe, AZ. The site is located on the northwest corner of University Dr and Ash Ave, within the...
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Vacant Fort Worth Office Building Recapitalized with New $41 Mil Loan 2/20/14 In a recent Texas office financing deal, PCCP LLC has provided a $41.5 mil senior loan for the recapitalization and lease-up of One City Place, a vacant 314k sf Class A office building in downtown Fort Worth, to an affiliate ...
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