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• TEXAS - Dornin Acquires Two Value Add Office Buildings in Houston, TX
10/14/13
Dornin Investment Group has acquired two well located, Class B office buildings located in the prestigious Energy Corridor office submarket in Houston. The buildings, totaling 165k sf, were purchased in an off-market transact...
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• Johnson Capital Arranges $4 Mil for Phoenix Apt
10/14/13
Neal Churney, CCIM, and Dave Susank in Johnson Capital’s Phoenix office, have arranged a $4.1 mil refi loan for a multifamily property in Phoenix, AZ. The property, called Desert Springs, contains 135 units. Built in 1985, th...
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• TEXAS - Vegas Investment Group Acquires 344-Unit Texas Multifamily Asset
10/09/13
In a large Texas multifamily buy, a Las Vegas-based investment firm purchased Coppermill Apartments, a 344-unit apartment complex on San Antonio’s northwest side. The terms of the sale were not released.
Coppermill Apartment...
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• TEXAS - Wood Partners Begins Work on 249-Unit Res Development in Dallas
10/08/13
Wood Partners has broken ground on a $36.3 mil, four-story apartment community adjacent to a Dallas Area Rapid Transit light rail station. The project, Alta Maple Station, is expected to be completed in early 2015.
Alta Map...
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• TEXAS - Steadfast REIT Boosts Portfolio by Over 1,000 Apt Units
10/07/13
Steadfast Income REIT Inc has purchased three apartment communities totaling 1,046 units in separate transactions for a combined price of $96.9 mil. These latest acquisitions, Watermark at Indian Lake Village in Nashville, Br...
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• TEXAS - Corpus Christi Multifamily Property Trades Hands
10/04/13
An Austin, TX-based buyer has acquired Baypoint Resort, a 350-unit luxury multifamily complex located minutes from Corpus Christi Bay in Corpus Christi, Texas. Built in 1998 on approximately 30 acres, the property is located ...
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• Sares*Regis Closes 156-Unit Denver Apt Buy
10/03/13
Sares*Regis Multifamily Fund acquired Arabella, a 156-unit multifamily community in Denver, CO. The asset, located in the center of the Denver Tech Center, an 850-acre business hub south of downtown with more than 25 msf of o...
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• TEXAS - Spec's Wine Spirits and Distribution Center in Lowry Crossing Sells
10/02/13
A California investor purchased Spec's Wine Spirits and Distribution Center, a 14.3k sf, net-leased property located off University Dr in Lowry Crossing, TX.
Alvin Mansour of The Mansour Group represented the seller, a deve...
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• Investor Hits Bullseye with Buckeye AZ Multifamily Buy
10/02/13
Main Street Lofts at Verrado, a Class A, 45-unit condo-quality multifamily property located at the center of the Verrado master-planned community in Buckeye, AZ, was purchased by Waitt Verrado LLC for $4.73 mil ($105k/unit). ...
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• Mesa West Funds Two CO Deals Totaling $84 Mil
10/01/13
In separate transactions Mesa West Capital has funded two loans totaling $84 mil in non-recourse, first mortgage debt for the acquisition of the Hyatt Regency Denver Tech Center in Denver, CO and the refinancing of the Park H...
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• Vegas Office/Retail Asset Trades Hands
9/30/13
E-Grand Ventures LLC has purchased a 137k sf, Las Vegas retail/office building located at the Mall at Grand Canyon in an all-cash transaction. The property, located at 4245 S. Grand Canyon Pkwy, was sold by Karlin Grand Canyo...
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• TEXAS - MIG Real Estate Closes 240-Unit Res Buy in the Houston Metro Area
9/26/13
OC-based MIG Real Estate recently acquired Pine Creek Ranch, a 240-unit apartment home community in the Houston metro. Situated on 12 acres of land at 3600 College Park Drive in The Woodlands, Pine Creek Ranch is in one of th...
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• Hughes Center in Las Vegas Purchased by Blackstone for $347 Mil
9/23/13
Hughes Center is home to several major tenants, including Gordon Silver, Ameristar, Wells Fargo Bank, Venetian, Boyd Gaming, Snell & Wilmer, and Lewis and Roca, LLP. The project also includes several restaurants: Del Frisco’s...
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• Bascom Completes 336-Unit Vegas Multifamily Acquisition
9/20/13
The Bascom Group closed on an institutional-quality multifamily buy in Las Vegas, paying $36.575 mil for Broadstone Montecito, a 336-unit Class-A garden-style community located at 9745 Grand Teton Dr, east of Grand Canyon Dr ...
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• Boulder City, NV Self-Storage Facility Purchased for $5 Mil
9/20/13
Red Mountain Storage, a 112k sf, self-storage facility in Boulder City, NV, recently sold for $5.2 mil, which equates to $46.52/sf. The property was acquired by a real estate investment trust.
Red Mountain Storage was origin...
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• TEXAS - Parallel Capital Partners Picks Up 850k sf of Office Space in Irving, TX
9/16/13
Parallel Capital Partners Inc has acquired Urban Towers in Irving, Texas – two Class A high-rise office towers – from CB Richard Ellis Strategic Partners U.S. The concrete and steel mirrored glass complex totals more than 850...
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• TEXAS - Tyler Retail Building Goes for Over $300/sf
9/13/13
Ravenwood Towers Inc purchased a 14.8k sf retail building occupied by Walgreens in Tyler, TX, for $4.5 mil ($304/sf). The building is located at 1620 S. Broadway, south of Front St.
Chuck Klein and Kevin Held of Cassidy Turl...
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• Cassidy Turley Affiliates in AZ, CO, NoCal and San Diego Now Fully Owned by the Company
9/13/13
Former Cassidy Turley affiliates in Arizona, Colorado, Northern California and San Diego are now fully owned by the company. This unified ownership structure fits with the firm’s objectives set three years ago when the firm l...
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• Salt Lake City Office Portfolio Acquired with $54 Mil in Financing
9/12/13
In a large Utah financing deal, HFF has arranged a $53.9 mil on a four-property, Class A office portfolio totaling 440,7k sf in Salt Lake City. The borrower was a venture between a subsidiary of a fund managed by Oaktree Capi...
Price: $4.99
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• Moss Adams Inks Lease for 19k sf of Office Space in Albuquerque, NM
9/09/13
Moss Adams LLP agreed to a lease for 19k sf of space at Two Park Square, a 182.9k sf office building located in the heart of uptown in Albuquerque, NM.
Recently relocating from a nearby property, Moss Adams was able to con...
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