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• Hines and PCCP LLC Purchase Phoenix Class A Office Property
8/27/13
Kierland One, a Class A, 175.4k sf office building located in the North Scottsdale Airpark submarket of Phoenix, was acquired by Texas-based Hines along with joint venture equity partner PCCP LLC. The price was not immediate...
Price: $4.99
Executive Subscriber Price: Free
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• 480-Unit Phoenix Multifamily Asset Sells
8/19/13
The Retreat, a 480-unit apartment community in Phoenix, was purchased by Salt Lake City-based Bridge Investment Group Partners, manager of the ROC Fund. It was sold by a publicly traded real estate investment trust. The terms...
Price: $4.99
Executive Subscriber Price: Free
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• TEXAS - L5 Real Estate Investments, Odyssey Properties and Titan Real Estate Investment Group Sell Odessa, TX Portfolio
8/18/13
Los Angeles-based L5 Real Estate Investments (“L5”), Odyssey Properties and Titan Real Estate Investment Group have sold their Odessa, Texas residential portfolio for an undisclosed amount.
The portfolio consists of two Cla...
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• Rainbow Shops Latest to Sign in a Busy Year So Far at Phoenix’s Metrocenter Mall
8/14/13
There has been more than 55k sf of new leases completed since the start of the New Year at Phoenix’s Metrocenter Mall. This includes the latest signing for 13.3k sf by Rainbow Shops, one of the fastest growing junior clothing...
Price: $4.99
Executive Subscriber Price: Free
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• The MACK Company Acquires 9.4-Acre Phoenix Site for New Ind Development
8/14/13
The MACK Company has acquired a 9.4-acre land site in north Phoenix for the development of a new, 169k sf Class A industrial project. The development, MACK Pinnacle, is located just west of the southwest corner of Pinnacle P...
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• Newmark Realty Capital Arranges $6.5 mil on NV Medical Office Properties
8/12/13
Newmark Realty Capital has arranged $6.5 mil of permanent financing in the amount on two medical office properties totaling 50k sf and located in Henderson, Nevada. Christopher Funai, Vice President for Newmark Realty Capital...
Price: $4.99
Executive Subscriber Price: Free
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• AEW Capital Management Awards 3.2 msf Portfolio to RiverRock Real Estate Group
7/31/13
AEW Capital Management has awarded RiverRock Real Estate Group the management assignment for a 3.2 msf portfolio of office and industrial space located in Southern California and Arizona. Beginning August 1, RiverRock will t...
Price: $4.99
Executive Subscriber Price: Free
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• TEXAS - Austin Retail Building Sells for $576/sf
7/30/13
Emerald Austin LLC purchased a 12.9k sf retail building located at 4001 West William Cannon Drive in Austin for $7.43 mil ($576/sf).
The seller, Austin Phila EO LLC, was represented by David Maloy and Robert James of EXP ...
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• Levrose Commercial Real Estate Joins TCN Worldwide
7/26/13
Levrose Commercial Real Estate has joined TCN Worldwide, the international real estate services organization. Levrose Commercial Real Estate/TCN Worldwide is headquartered in Scottsdale, AZ and is recognized as one of the lea...
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• TEXAS - Five CBRE-Managed Buildings Win BOMA International Outstanding Building of the Year Awards (TOBYs)
7/26/13
Five buildings managed by CBRE were honored with The Outstanding Building of the Year® (TOBY®) Award at the 2013 Building Owners and Managers Association (BOMA) International’s annual conference held in San Diego. Two of the ...
Price: $4.99
Executive Subscriber Price: Free
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• Vegas Biz Park Trades for $10 Mil
7/25/13
TNP Acquisitions LLC has purchased McCarran Corporate Plaza, an 87k sf business park in Las Vegas, for $10.2 mil ($117/sf). The property, located at 5740 and 5820 S. Eastern Ave, just south of Russell Rd, was sold by P-38 Pro...
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• 272-Unit Bloomfield, CO Res Development Targeted to Gen Y Lifestyles
7/24/13
SmithJones Partners LLC, a Denver-based apartment development and investment company, has completed construction on Arista Uptown Apartments, a transit-oriented, 272-unit apartment community in Broomfield, CO. The project, si...
Price: $4.99
Executive Subscriber Price: Free
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• GLL Real Estate Partners Closes 163k sf AZ Office Buy
7/24/13
GLL Real Estate Partners Inc has purchased Broadway 101, a 162.5k sf, Class A multi-tenant office campus in Tempe, AZ. The property is located at 2141-2151 E. Broadway Rd, on the west side of the 101 Fwy and Price Rd.
The Br...
Price: $4.99
Executive Subscriber Price: Free
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• Tucson, AZ Multifamily Property Acquired with $6.75 Mil of Permanent Financing
7/23/13
Hamilton Zanze & Company has obtained $6.75 mil in permanent financing for the acquisition of Oracle Village, a Tucson, AZ multifamily apartment community built in 1983. The financing was arranged by CBRE’s San Francisco Debt...
Price: $4.99
Executive Subscriber Price: Free
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• Hines and Jordan Perlmutter & Co Break Ground on Spec Office Project in Denver
7/22/13
Hines and Jordon Perlmutter & Co have broken ground on 1601 Wewatta, a new Class A, 300k sf office building located in the Central Platte Valley district of Lower Downtown (LoDo) Denver. The site is directly adjacent to the ...
Price: $4.99
Executive Subscriber Price: Free
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• Bascom Spends $22 Mil on Its 11th AZ Multifamily Buy Over the Past Year
7/19/13
Bascom Arizona Ventures has completed another AZ acquisition, paying $22.385 mil in an off-market deal for The Terraces at Glassford Hill Apartments, a 226-unit ($99k/unit) luxury community in Prescott Valley. The property is...
Price: $4.99
Executive Subscriber Price: Free
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• MIG Real Estate Completes $13 Mil Vegas Office Buy
7/18/13
According to Rockwood Real Estate Advisors, this submarket recorded the highest average asking rate, the greatest net absorption and the second lowest vacancy rate in the Las Vegas office market during the fourth quarter of 2...
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• BH Properties Adds to Its AZ Multifamily Portfolio
7/18/13
LA–based BH Properties just completed a large AZ multifamily buy, acquiring Vista Ventana, a 275-unit property in Phoenix. The property is located at 3221 W. El Camino Dr. The price was not disclosed.
Because the firm owns t...
Price: $4.99
Executive Subscriber Price: Free
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• ViaWest Group and Contrarian Capital Management Acquire 321k sf AZ Biz Campus
7/16/13
ViaWest Group and joint-venture partner Contrarian Capital Management LLC have acquired Warner Business Center through a credit bid at the trustee sale. The joint venture had purchased the debt and completed the foreclosure p...
Price: $4.99
Executive Subscriber Price: Free
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• Fred Tuomi Joins Colony American Homes as Chief Operating Officer
7/12/13
Fred Tuomi has joined Colony American Homes (“CAH”) as Chief Operating Officer. Tuomi will be responsible for leading the company’s operations with a particular focus on renovations, property management and leasing, and inf...
Price: $4.99
Executive Subscriber Price: Free
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