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• Tucson Investor Spends Almost $17 Mil on Casa Grande Apartment Complex
4/16/10
A 323-unit apartment complex in Casa Grande, AZ was purchased by a Tucson investment entity for $16.75 mil ($51.9k/unit). The property, Desert Sands, is located at 720 West O’Neil Dr, north of I-8 and west of I-10, about 50 m...
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• Dunhill Homes Kicks Off Operations in Vegas Region
4/13/10
Dunhill Homes has initiated homebuilding operations throughout the greater Las Vegas Valley by assuming management of certain assets formerly owned by Rhodes Homes. As of April 1, Dunhill began building in the Rhodes Ranch an...
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• Muller Company Awarded Management Contract for Phoenix Office Building
4/01/10
The Muller Company was also awarded a contract to manage a 19-story, 255.5k sf office building located in Phoenix. They will be responsible for leasing and maintaining the property. Since the management contract was acquired...
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• Newmark Realty Capital Arranges Two AZ Financings Totaling $20 Mil
3/30/10
Newmark Realty Capital Inc recently handled financing for two AZ deals, one an $18 mil mobile home park refi while the other a $1.9 mil short-term loan for a Scottsdale office property.
In the larger of the transactions, New...
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• The Muller Company Picks Up Almost 2 msf of New Management Contracts
3/26/10
The Muller Company has been awarded three new management contracts totaling over 1.9 msf. DCT Industrial Trust Inc selected The Muller Company to manage its Phoenix, AZ portfolio of 14 industrial buildings totaling over 1.6 m...
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• Pac Northwest Investor Closes $27 Mil AZ Apartment Buy
3/25/10
The seller was 109th Avenue and Olive LLC, an Arizona limited liability company of Tempe, AZ. The Buyer was Weidner Investment Services Inc. Mark Forrester and Ric Holway of Hendricks & Partners were involved in brokering the...
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• OC’s KBS REIT II Closes on Another Sizable Texas Buy
3/24/10
OC-based KBS REIT II, a public, non-traded real estate investment trust, has purchased three buildings totaling 283.6k sf of Class A industrial/flex space at Plano Business Park in Plano, TX, roughly 20 miles north of downtow...
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• Pathfinder and Pittman Launch New Colorado Opportunity Fund
3/19/10
Pathfinder Partners LLC, a San Diego-based company that invests in distressed real estate and defaulted loans, has joined forces with Denver’s Pittman Development Group to launch the Pittman Pathfinder Colorado Opportunity Fu...
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• OC Firm Closes Phoenix Hotel Buy
3/18/10
Newport Beach-based Stoneridge Capital Partners has acquired the 119-room Hotel Highland in Phoenix. Located at 2310 East Highland Ave, Hotel Highland sits in the heart of Phoenix’s Biltmore District, commonly known as the Ca...
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• Tucson Comp Review
3/17/10
For those Arizona deal fans out there, we’ve got four recent comps from the popular college town of Tucson to share with you – two leases and two sales. In the first lease, A & E Flood Services took 25.2k sf of space at 1857 ...
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• Trigild Named Receiver for Phoenix Skyscraper
3/12/10
San Diego-based Trigild Inc was appointed receiver for the 24-story, 482k sf Viad Corporate Center in Phoenix. Located at 1850 N. Central Ave, east of Grand Ave and north of I-10, the office tower is encumbered by a $65 mil d...
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• AZ Investor Shapes Up with LA Fitness
2/24/10
An Arizona-based opportunity closed on a notable Inland Empire retail buy, paying $9.21 mil for a 45k sf ($205/sf) LA Fitness in the city of Highland. Located in the southeast quadrant of I-210 and Greenspot Rd, LA Fitness i...
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• Southwest Retail Briefs
2/23/10
CODY, WY (Park County) -- A new 13.7k sf Walgreens located at the signalized intersection of Sheridan Ave and 16th St in downtown Cody sold for $5.15 mil ($376/sf). Built in 2009, the Phil Sambazis and Brandon Hanks with Marc...
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• Cox Communications Las Vegas Leases 84k sf Facility
2/16/10
In one of Las Vegas’ largest industrial lease transactions since 2008, Cox Communications Las Vegas Inc signed a long-term deal for an 84.4k sf building owned by CIP Real Estate in a joint venture with Buchanan Street Partner...
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• Westcore Sees Renewed Interest at Denver Office Property
2/04/10
Recent leasing activity has brought the Wells Fargo Bank Building, a 125.4k sf office property in Denver, to 78% leased. The latest deals totaled over 8k sf of space and were with the Law Office of Matthew K. Barringer P.C., ...
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• Denver PETCO Property Trades for Near $8 Mil
1/13/10
A 23.1k sf, single-tenant PETCO-occupied property in Denver, CO changed hands in a recent $7.8 mil ($339/sf) transaction. The property is situated on 1.4 acres at 4100 E. Mexico Ave, just east of Colorado Blvd.
Built in 1993...
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• MFG’s Andrew Miller Named Receiver for 700k sf CO Retail Center
12/31/09
Andrew Miller, Principal at Denver, CO-based Miller Frishman Group (MFG), has been engaged as a court-appointed receiver for The Promenade Shops at Centerra, a 700k sf lifestyle center in northern Colorado. MFG is providing p...
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• 200-Unit Phoenix Apartment Property Sells for $10.9k/Unit
12/30/09
Camelback Vista, a 201-unit apartment community in Phoenix, was acquired by an El Paso, TX-based investor for $2.2 mil ($10.9k/unit) in a recent REO sale. The property is located at 2930 West Camelback Rd, a few blocks west o...
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• Las Vegas Medical Office Building Master Lease Worth $21 Mil
12/29/09
In a sizable Las Vegas-area transaction worth over $21 mil, MD Realty of Henderson LLC signed a 15-year master lease at Tuscano Medical Parc. The property, located at 10561 Jeffreys St, east of I-15 and south of I-215 in Hend...
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• Transwestern Lands 3.8 msf Management Assignment in Phoenix from RREEF
12/24/09
RREEF has awarded Transwestern the property management assignment for 3.8 msf of its Phoenix area portfolio, which RREEF owns on behalf of its institutional clients. Nationally, RREEF assigned Transwestern a portfolio totalin...
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