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Colorado Office Building Traded in $15.7 Mil Deal 10/07/22 A 69.9k sf office building in Greenwood Village, CO was acquired by a private investor for $15.7 mil ($225/sf). The building, located at 5500 Greenwood Plaza Blvd, was sold by Focus Property Group.
5500 Greenwood is situated...
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North Palisade Partners Buys 6.4-Acre Industrial Dev Site in Nevada 10/07/22 North Palisade Partners acquired a nearly 6.4-acre site in the Reno, NV area, where it plans to develop Palisade Wild Horse Commerce Center, a 141.9k sf, Class A industrial property. The property, located at 99 Wild Horse Can...
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Bridge Logistics Properties Buys 200k sf TX Industrial Facility 10/05/22 Bridge Logistics Properties (BLP) has acquired a 203.4k sf, Class A industrial building in Grand Prairie, TX. The price was not given out.
The building, located at 804 W. Shady Grove Rd, is a recently delivered, highly funct...
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Architectural Firm MVE + Partners Opens Denver Office 10/05/22 Architecture and planning firm MVE + Partners is opening a new Denver studio as part of the firm’s steady expansion. The new office, located in the city’s vibrant Uptown neighborhood at 1900 Grant St, boosts MVE’s presence in...
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Cypress West Partners Venture Buys 32k sf Phoenix Area Medical Office Buy 9/29/22 In a recent Phoenix area medical office buy, a joint venture between Cypress West Partners and an institutional real estate advisor acquired Simon Medical Plaza, a new, 32k sf building in Laveen, AZ. The purchased was finance...
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Teakwood Real Estate Partners Buys Self-Storage Facility in Mesa, AZ 9/28/22 Teakwood Real Estate Partners has acquired a 292-unit self-storage facility in Mesa, AZ. Westport Properties will oversee management and operation of the property, located at located at 462 S. Gilbert Rd, under the US Storag...
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300-Unit Res Asset in Reno Acquired by LDK Ventures 9/26/22 LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
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AZ Multifamily Community Trades in $68 Mil Deal 9/22/22 Ponderosa Ranch, a 272-unit, value-add multifamily community in Tempe, AZ, traded to a new owner in a $68.5 mil ($251.8k/unit) transaction. The asset was sold by KKR.
Ponderosa Ranch is a 272-unit, garden-style multifamily c...
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Kingsbarn Realty Capital Spends $114 Mil on Nevada Office Portfolio 9/22/22 Kingsbarn Realty Capital acquired Green Valley Corporate Center, a six-building office portfolio totaling 347k sf in Henderson, NV, for $114.5 mil, or $330/sf. The properties were sold by from JMA Ventures LLC and Blue Vista ...
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Phoenix Office Building Traded in $61 Mil Deal 9/21/22 Bridge Investment Group closed on a Phoenix office buy, paying $61.8 mil for Camelback Center, a Class A, multi-tenant office building totaling 236.6k sf ($261/sf) of space. The property was sold by Nuveen Real Estate.
Camel...
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Two-Building Las Vegas Industrial Property Fetches $5.1 Mil 9/21/22 Two freestanding buildings totaling 14.5k sf in Las Vegas sold for $5.1 mil, or $352/sf. The buildings, built in 1989, are located at 2829 Losee Rd.
The property includes a 4.5k sf office space and a 10k sf industrial wareho...
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Community Preservation Partners Picks Up Housing Communities in CA, NM and AZ 9/20/22 Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona. The assets have a combined purchase price of $48.75 mil.
One of the properties is Park V...
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Contour Venture Secures $99 Mil to Start Work on 829k sf AZ industrial Development 9/20/22 A Contour-led venture has obtained $99 mil in construction money for Phase I development of Sossaman Park 202, a five-building industrial development totaling 828.7k sf in Mesa, AZ.
Once completed, the project will include...
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Copper State Bolt & Nut Starts Work on Distribution Center in Goodyear, AZ 9/19/22 Copper State Bolt & Nut Co has broken ground on a new 39.5k sf, Class A distribution center on five acres they acquired within the PV 303 industrial park in Goodyear, AZ. The project represents an expansion of the Phoenix-bas...
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Continental Realty Assets Ltd and MLG Capital Buy 112-Unit Res Property in Colorado 9/19/22 Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multifamily owner and operator, in partnership with Milwaukee-based MLG Capital, is pleased to announce the purchase of ...
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NDL Group Inc Collects Over $5 Mil from Building Sales at Camino Al Norte Office Park in Las Vegas 9/19/22 Six grey shell office buildings totaling 33.8k sf within Camino Al Norte Office Park in North Las Vegas were sold to five private buyers in four deals worth $5.05 mil. The properties were sold by Las Vegas-based seller and de...
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New Mexico Retail Property Gets New Owner in $7.5 Mil Deal 9/19/22 Valencia Y Shopping Center, a 51.9k sf shopping center in Los Lunas, NM, traded for $7.5 mil, or $145/sf, in an all-cash 1031 exchange deal.
Located at 2150-2520 Main Street NE in Las Lunas, Valencia Y Shopping Center is sit...
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Legacy Partners and Pacific Life to Start Work on 236-Unit Denver Multifamily Development 9/16/22 Legacy Partners and Pacific Life have broken ground on Araceli, a 236-unit, Class A, NGBS Green-Certified Gold high-rise in Denver. The project was designed by KTGY with Catamount Constructors as the general contractor.
The ...
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Texas Single-Tenant Retail Ground Lease Trades Between Dallas Investors 9/16/22 A Dallas-based private investor purchased the ground-lease of a single-tenant retail property occupied by Salad and Go, a gourmet salad drive-thru restaurant chain, in Mesquite, TX. Located at 1950 N. Town East Blvd, the 800 ...
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Phoenix Area Office Property Sells for $53 Mil 9/15/22 In a recent AZ office trade, West Valley Properties Inc acquired The Reserve at San Tan, a 149.3k sf, trophy-quality building in Gilbert, for $53.1 mil ($355.50/sf). Built in 2020, the property sits on a 12.78-acre site at 35...
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