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Beech Street Capital Arranges $9 Mil Freddie Mac Loan on Longmont, CO Apartment Property 4/25/14 Beech Street Capital provided a $9.1 mil Freddie Mac CME loan to refinance Grandview Meadows Phase III, a 96-unit garden-style apartment complex in Longmont, CO. The borrower was M. Timm Development Inc, a real estate develo...
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Stockdale Capital Partners Buys 409k sf of TX Office Property 4/25/14 Stockdale Capital Partners has purchased Sugar Creek I and II, a 409.2k sf office park in Sugar Land, TX. The asset was sold by Granite Properties and MetLife. The price was not disclosed.
The office property was 96.1% occup...
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Johnson Capital Arranges $9.4 Mil on AZ Res Community 4/18/14 Neal Churney, CCIM, Senior Vice President, and Adam Finkel, Vice President, in Johnson Capital’s Phoenix office, have arranged a $9.38 mil loan for a multifamily property located in Phoenix AZ.
The property, Bayside Apartmen...
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Vegas Single-Tenant Property Occupied by Lowe’s Sells for $11 Mil 4/18/14 Chicago-based First Acorn LLC paid roughly $11 mil for a 175k sf, single-tenant property in the North Las Vegas area occupied by Lowe’s Home Improvement on a NNN, zero cash flow ground lease. The lease still has 16 years rema...
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William Warren Group Spends $33 Mil on Six CO Self-Storage Assets 4/18/14 In notable self-storage deal news, William Warren Group (WWG) purchased six self-storage facilities in Colorado for $33.24 mil. The six locations consist of 353.9k sf of space and 2,692 units.
“We believe there is a signific...
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Phoenix Office Asset Trades for $25 Mil 4/14/14 Camelback Arboleda, a 178.8k sf, multi-tenant office building situated in the heart of Phoenix’s prestigious Camelback Corridor, sold for $24.9 mil, or $139/sf. The building, located at 16th St and Camelback Rd, was purchased...
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CVS Retail Property on the Las Vegas Strip Sells 4/14/14 An affiliate of Capital Square Realty Advisors LLC has purchased a 14.4k sf CVS retail property on the Las Vegas Strip. Located at 2700 S. Las Vegas Blvd, the retail facility is situated on the ground floor of Sky Las Vegas, ...
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276-Unit Tempe, AZ Res Community Refinanced with $29 Mil Loan 4/14/14 The Premiere Residential Communities has obtained $29 mil in refi money for San Marbeya Apartments, a 276-unit, Class A, luxury rental community in Tempe, AZ. The property is located at 1720 E. Broadway, less than a mile from...
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Salt Lake City Industrial Sale Comes in at $15 Mil 4/11/14 Pacific Landing III, a 345.7k sf distribution building in Salt Lake City, was bought by Exeter Property Group for $15 mil ($43/sf) in what we’re told is the largest industrial property sale in the city so far for 2014.
The b...
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Industrial Property Trust Spends $11.5 Mil on Houston Ind Facility 4/10/14 Industrial Property Trust Inc has acquired the newly constructed Century Distribution Center, a 149.5k sf distribution facility located in Houston, TX, for $11.5 mil ($77/sf). The Class A property is currently 100% leased to ...
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MIG Real Estate Picks Up 500-Unit Community Near ASU 4/09/14 Quadrangles Village, a 510-unit apartment home community adjacent to Arizona State University (ASU) in Tempe, AZ, was acquired by Newport Beach-based MIG Real Estate. The price was not disclosed.
Located at 1255 E. Universit...
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Dornin Investment Group Acquires 177k sf of Vegas Office Space 4/09/14 Dornin Investment Group has purchased three multi-tenant office buildings totaling 177k sf in Las Vegas for roughly $40 mil, or around $225/sf. The buildings are part of Marnell Corporate Center (MCC), a six-building, 493.2k ...
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HFF Arranges $14 Mil in Joint Venture Equity for AZ Condo Development 4/08/14 HFF has arranged $14 mil in joint venture equity for the development of Envy, a 90-home, mid-rise condominium project in downtown Scottsdale’s Entertainment District. The project is located on a one-acre site at 4422 North 7...
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JCR Capital Launches Third Fund 4/04/14 JCR Capital (JCR), a Denver-based finance company catering to middle market commercial real estate sponsors, has launched its third fund, the JCR Capital Commercial Real Estate Finance Fund III, LP. JCR is targeting a total...
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Buchanan Street Partners Spends $43 Mil on Pair of AZ Investments 4/02/14 Buchanan Street Partners recently wrapped up two acquisitions in the greater Phoenix, AZ area. The purchases included Vue Park West, a 260-unit luxury apartment complex in Peoria, and the 106.1k sf Mesa Corporate Center offic...
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Hines to Develop 23-Story Office Tower in Houston’s Victory Park 4/02/14 Texas-based Hines has announced plans for a new 23-story office tower in Houston’s Victory Park. The 470k sf tower will be located at 2371 Victory Ave, just north of Hines' One Victory Park development.
The Cla...
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Laurie Lyons Joins Cardinal Group Management 4/02/14 Laurie Lyons has joined Cardinal Group Management as a Principal. In her new role, Lyons will be responsible for business development, client relations and strategic consulting of property management operations.
Lyon’s nearl...
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SSTI Picks Up another 480 Self-Storage Units in Arizona 4/01/14 Strategic Storage Trust Inc (SSTI) recently acquired a 480-unit self-storage facility, located on West Chandler Blvd in Chandler, AZ, for approximately $4.9 mil ($10.2k/unit). The 51k sf facility will be re-branded under the ...
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Third Phase Started at Transit-Oriented Denver Community 3/31/14 Construction is under way on Phase III of the Vallagio at Inverness, an exciting transit-oriented master-planned development located in southeast metropolitan Denver. Developed by Metropolitan Homes Inc of Englewood, CO and d...
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Bascom Group Completes 222-Unit Vegas Apartment Acquisition 3/28/14 The Bascom Group LLC has acquired Chapel Hill, a 222-unit, garden-style apartment community in Las Vegas, for $22.47 mil ($101.2k/unit). Built in 2001, the property is located at 9620 West Russell Rd, west of Durango Dr in th...
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