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• Archway Buys Res Complex in the Dallas Area
8/12/22
Archway Equities acquired Toscana Apartments, a 192-unit multifamily property in Carrolton, TX, one of the fastest growing suburbs in Dallas. The property was sold by HLC Equity.
The purchase represents Archway’s second ap...
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• Phoenix Multifamily Property Sells for $36.5 Mil
8/11/22
Paradise Palms, a 130-unit, value-add multifamily community situated in the Biltmore/Uptown submarket of Phoenix, traded hands for $36.5 mil, or $281k/unit. The property was sold by Ogden Capital Partners LLC.
Constructed in...
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• Target Leases New 141k sf Class A Distribution Facility in Central Denver
8/10/22
Target Corporation has leased a brand new, 141.5k sf Class A industrial/distribution building in Central Denver. The building, located at 6300 North Broadway, is owned by Prologis and named Prologis Broadway Distribution Cent...
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• Davlyn Investments Spends $65 Mil on Vegas Res Community
8/10/22
Davlyn Investments has purchased Rancho Destino, a 184-unit, luxury, multifamily community situated on 9.1 acres at 4355 S Durango Dr in Las Vegas, for $65.5 mil ($356k/unit). The property, which has been re-branded “Aviara,...
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• Denver Buyer Spends $111 Mil on Tempe Multifamily Portfolio
8/09/22
A two-property, 369-unit multifamily portfolio in the Southeast Valley of Phoenix, sold for $111.75 mil ($303/sf). The buyer was Denver-based Jason McCool. It was sold by a joint venture between Avanti Residential and KKR Re...
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• Vacant Building in Downtown Salt Lake City Trades in $3 Mil Deal
8/09/22
Salt Lake City-based Lee Development Group paid $3 mil for a vacant, 22.9k sf warehouse/office building located on just under one-half acre of land at 47 E. 700 S. in downtown Salt Lake City. The buyer plans to redevelop the ...
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• Colorado Single-Tenant Industrial Asset Gets New Owner in $4.2 Mil Deal
8/05/22
A 16.3k sf, single-tenant industrial building on 7.24 acres in Windsor (Fort Collins), CO sold for $4.17 mil ($256/sf) in an off-market deal. The property was purchased by Pioneer Land Company LLC, which was fulfilling a 1031...
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• Recently Constructed Phoenix Office Building Sells for $573/sf
8/05/22
Camelback Collective, a recently constructed, 115.8k sf Class A office building in Phoenix, was acquired by Oklahoma City-based Humphreys Capital in a $66.35 mil transaction. The property was over 95% leased at the time of sa...
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• Phoenix Res High-Rise Traded in $93 Mil Transaction
8/04/22
44 Monroe, a 184-unit, luxury multifamily community in Phoenix, has traded for $93.5 mil ($508k/unit). Built in 2008, the property is located at 44 W. Monroe St, south of I-10 at Central Ave in the heart of the city’s downtow...
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• DB Capital Management and Equity Partner Thrive FP Acquire 100-Unit Apartment Property in the Salt Lake City Area
8/04/22
DB Capital Management and equity partner Thrive FP have acquired Autumn Glen, a 100-unit apartment community in the Salt Lake City submarket of Taylorsville, UT. It is DB Capital’s fifth purchase in the Salt Lake City MSA ove...
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• Schnitzer Properties Buys 225k sf Phoenix Industrial Complex
8/01/22
Westech Business Center I & II, a seven-building 225.3k sf light industrial complex in Phoenix, was acquired by Portland, OR-based Schnitzer Properties, formerly Harsch Investment Properties. The property was sold by LBA Logi...
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• Decron Properties Acquires Phoenix-Area Res Community in $91 Mil Deal
7/29/22
Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 mil, or $421k/unit.
Completed earlier in 2022, The Wyatt offers a mix of one-, two-and t...
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• EKN Development to Start Work on Dual-Branded Fairfield Inn and TownePlace Suites in Tempe, AZ
7/28/22
EKN Development Group has secured $24.5 mil in construction financing for the development of the dual-branded Fairfield Inn and TownePlace Suites, a 148-key, select-service hotel in Tempe, AZ.
The four-story property will fe...
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• Haven Realty Capital and Apollo Global Management Affiliate Spend $22.8 Mil on Vegas BTR Project
7/28/22
Haven Realty Capital, in partnership with funds managed by an affiliate of Apollo Global Management Inc, has purchased for $22.8 mil the first phase of a build-to-rent townhome community now under construction in the Las Vega...
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• IndiCap and Invesco Announce Plans for 1.5 msf Biz Park Project in Glendale, AZ
7/27/22
IndiCap and Invesco have teamed up to develop Virgin Industrial Park, a two-phase, 110-acre Class A development in Glendale, AZ that will total more than 1.5 msf of space in five buildings. The project will bring IndiCap’s lo...
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• Mesa, AZ Industrial Campus Traded Over Six Months for $208 Mil
7/27/22
An affiliate of Cohen Asset Management has acquired The Landing 3, 4 and 5 (“The Landing”), a brand new Class A industrial development totaling 858.9k sf on over 64 acres along E Ray Rd in Mesa, AZ. The property was sold by ...
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• KB Investment and Development Company Buys 328-Unit Multifamily Property in Tempe, AZ
7/27/22
KB Investment and Development Company has acquired Skywater at Town Lake, a 328-unit multifamily community located at 601 W. Rio Salado Pkwy in Tempe, AZ. The purchase was financed with a first mortgage of $108 mil provided b...
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• Vegas Office Building Trades for $387/sf
7/27/22
A 67.1k sf, Class A LEED-certified office property in Las Vegas sold for $26 mil ($387/sf). Located at 9075 W Diablo Dr, the three-story, the multi-tenant building is 97% leased to several notable credit tenants with strong l...
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• AZ Medical Office Trade Closes at $326/sf
7/25/22
In a recent AZ medical office buy, Evergreen Medical Properties paid $8.8 mil for Plaza Town Center Professional Plaza, a 27k sf ($326/sf) property located at 9139 W Thunderbird Road in Peoria. The property was sold by Garnet...
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• Gardner Blatt Completes $291 Mil Acquisition of Three-Building Salt Lake City Industrial Portfolio
7/22/22
Gardner Batt has sold the final asset of a three-building, 547.3k sf Class A industrial portfolio comprising three newly constructed industrial/logistics buildings in the Salt Lake City Metro Area. The trio of last-mile facil...
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