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• Capital One Arranges $11 Mil in Refi Money on CO Apartment Complex
6/26/14
Capital One Multifamily Finance has provided an $11.1 mil 223(f) loan to refinance Grandview Meadows Phase II, a 120-unit, garden-style apartment complex in Longmont, CO. The fixed-rate loan has a 35-year term.
Grandview M...
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• Sands Investment Group Opens Office in Austin, TX
6/25/14
Sands Investment Group (SIG) is continuing its expansion with the opening of an office in Austin, Texas. The office is located in the heart of downtown Austin and will be led by Max Freedman and Elan Sieder, both Net Lease Ad...
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• CityPlace to Add 4 msf of Office Space Along with Retail and Housing to Springwoods Village in Houston
6/24/14
Details are shaping up for CityPlace, a 60-acre, mixed-use development formerly known as Springwoods Village Town Centre in Houston. The project, being developed by a venture made up of Patrinely Group, CDC Houston and USAA R...
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• TX Office Property Refinanced with New $29 Mil Loan
6/24/14
Lucent Capital has arranged $29.25 mil in permanent non-recourse financing secured by Met Center 10, a 345.6k sf, Class A flex office building in Austin, TX. The loan enabled the borrower, a TIC investment group formerly spon...
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• Hines to Develop 640k sf, Spec Office Tower in Denver
6/19/14
Hines plans to develop a spec 40-story office tower in Denver, CO. Located at 1144 Fifteenth, between Arapahoe and Lawrence Streets, the property will be the first office building of this height built in nearly three decades,...
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• 35k sf Houston Retail Property Sells
6/19/14
Cypresswood Kroger Center, a 34.7k sf retail center located in northwest Houston, traded hands. The center’s 55.8k sf Kroger supermarket shadow-anchor was not a part of the sale. The terms of the sale were not released.
The ...
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• Bascom Group Completes 252-Unit Acquisition in Houston
6/19/14
The Bascom Group LLC has acquired Sierra at Fall Creek, a 252-unit multifamily community located in the highly desirable master-planned community of Fall Creek in northeast Houston. Built in 2004, the property consists of 13 ...
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• Tetra Tech Inks Renewal/Expansion Lease in Golden, CO
6/18/14
Tetra Tech Inc agreed to an expansion/renewal deal for a total of 49.2k sf of space at Sixth Avenue West, located at 350 Indiana St in Golden, CO. The firm, a provider of consulting, engineering, program management, construct...
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• HFF Arranges Financing for Denver Multifamily Property
6/17/14
HFF has arranged financing and joint venture equity for One Dartmouth Place Apartments, a 418-unit garden-style multi-housing community in Denver, CO.
The new financing includes a $24.64 mil, 10-year, 4.09 percent fixed-rate...
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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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