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• Westport Capital Partners Closes $16.5 Mil AZ Office Buy
3/22/12
El Segundo-based Westport Capital Partners LLC has purchased Camelback Arboleda, a 179.8k sf, multi-tenant office building in Phoenix, for $16.6 mil, or $92/sf. The building is located at 16th St and Camelback Rd, in the hear...
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• Albuquerque Apartment Community Receives $14 Mil Refi
3/22/12
Walker & Dunlop LLC provided $13.92 mil in financing for Ventana Ranch, a garden-style residential apartment community located in Albuquerque, NM. Built in 2005, Ventana Ranch is a 288-unit apartment development situated on o...
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• New Uptown Alley Recreation Venue is a Surprise Development
3/20/12
Uptown Alley LLC has acquired a 60k sf stand-alone retail building located within the Boulevard at Surprise Pointe lifestyle center in Surprise, AZ for a family entertainment and recreation venue called Uptown Alley. The p...
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• Walker & Dunlop Provides $11.8 Mil on Colorado Multifamily Refi
3/19/12
Walker & Dunlop provided $11.775 mil in financing for Grandview Meadows, a garden-style residential apartment community located in Longmont, CO. The refinance loan was structured with a 10-year term with three years interest ...
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• Bascom Finances Latest Co Apartment Buy with $25 Mil
3/16/12
In a sizable Colorado multifamily financing deal, Mesa West Capital has provided The Bascom Group with $25.25 mil in first mortgage debt for the acquisition of Hyland Park Centre, a 492-unit apartment community near Denver.
...
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• Dick’s Sporting Goods to Open New Stores in Two Utah Retail Centers
3/15/12
Dick's Sporting Goods will open stores at two Utah shopping centers owned by DDR. The new Dick's Sporting Goods locations will replace former F.Y.E. stores and result in higher and longer-term contracted rents. At the same ti...
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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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