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Griffin Capital Completes Second Denver-Area Office Buy in the Last Six Months 1/29/13 Griffin Capital Corporation purchased a 157k sf, Class A office building in Greenwood, CO on behalf of Griffin Capital Net Lease REIT Inc. The building, 100% leased to Comcast Cable Holdings LLC, sold for $27 mil ($172/sf). ...
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Bascom’s AZ Expansion Efforts Continue with 194-Unit Flagstaff Buy 1/29/13 Bascom Arizona Ventures LLC purchased Alpine Ridge Apartments, a 194-unit community located in Flagstaff, AZ, for $13.6 mil, or about $70k/unit. The property, acquired by Bascom on behalf of a fully discretionary fund, was b...
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MIG Acquires Churchill Downs Community in Southwest Denver 1/25/13 Newport Beach-based MIG Real Estate has acquired Churchill Downs, a 168-unit multifamily community in southwest Denver. Located at 8400 E. Yale Ave, the complex offers easy access to major employment centers in both the Denv...
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Holland Partner Group Finances 332-Unit Denver Purchase with $38 Mil Freddie Mac Loan 1/24/13 Vancouver, WA-based Holland Partner Group has obtained $38 mil in permanent financing through Freddie Mac for the acquisition of Monterey Heights, a 332-unit multifamily community in Denver in a deal that closed just before t...
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NoCal Investor Buys 240 Units in Sparks, NV 1/11/13 The Waterford Apartments, a 240-unit multifamily community in Sparks, NV, sold for $17.1 mil, or $71.3k/unit. The property, located at 800 Nichols Blvd, was purchased by a Danville, CA-based investment firm.
Built in 1980, t...
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Hines U.S. Office Value Added Venture III Buys 300k sf Phoenix Office Building from GLL Real Estate Partners 1/09/13 In a notable Phoenix office buy, Hines U.S. Office Value Added Venture III (VAV III) has acquired its first property, 24th at Camelback I. VAV III purchased the asset from GLL Real Estate Partners, who has owned the property ...
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Mesa West Capital Provides $47 Mil in Funding for Two Denver Area Financing Deals 1/07/13 In separate financing deals, Mesa West Capital has funded two first mortgage loans totaling $47.3 mil. The loans are secured by a commercial office building and multifamily community in the Denver Metropolitan Market.
In one...
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The Bascom Group Pays $32.6 Mil for Denver Apartment Community 1/04/13 The Bascom Group has purchased Loretto Heights, a 312-unit multifamily asset in Denver, CO, for $32.6 mil, or $104.5k/unit. Acquisition financing of $27.2 mil was arranged by Brian Eisendrath of CBRE's Capital Markets group a...
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Germany’s GLL Real Estate Partners Acquires Phoenix Office Asset 1/03/13 GLL Real Estate Partners, a German-based real estate investment entity, purchased Papago Spectrum, a 159.8k sf office building in Phoenix, AZ. The Class A, multi-tenant building sits at the geographic center of the Phoenix me...
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OC Investor Buys AZ Apartment Community 12/28/12 In a recent multifamily buy from Mesa, AZ, Insite Properties LLC paid $8.65 mil for The Trails East Apartments, a 209-unit ($41.4k/unit) community located at 1653 Harris Dr.
The property, built in 1983, consists of 112 one-...
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Pathfinder Partners Closes 8th Colorado Investment 12/21/12 San Diego-based Pathfinder Partners, LLC has purchased two of the four buildings within the Garrison Business Park – a fully-leased, class B, flex industrial and office complex in Lakewood, CO. The transaction marks Pathfinde...
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Tempe, AZ Apartment Property Goes for $3.6 Mil 12/19/12 A 91-unit multifamily property located at1224 and 1222 Lemon Ave in Tempe, AZ sold for $3.6 mil, or $39.6k/unit. The property, which consists of the Fiesta Park and George Ann Apartments, is located in a prime area of Tempe, ...
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Buchanan Street Partners Purchases 89k sf Scottsdale Property 12/18/12 Buchanan Street Partners acquired a 66.8k sf office/flex building in Scottsdale, AZ from H-B Perimeter LLC. Terms of the sale were undisclosed. Buchanan’s acquisition of the Perimeter Center building comes as the Scottsdale A...
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ViaWest Picks Up 140k sf of Chandler, AZ Office Space 12/14/12 ViaWest Group recently acquired two commercial office buildings and five office condominium buildings totaling 139.8k sf of space within the “Chandler Midway Corporate Center” located at Chandler Blvd and Kyrene Rd in Chandle...
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Phoenix Multifamily Asset Trades in $31 Mil Deal 12/13/12 Mountain Park, a 240-unit multifamily community in suburban Phoenix, recently sold for $30.85 mil, or approximately $128.5k/unit.
Located at 4221 East Ray Rd, the property comprises 230.5k sf, which equates to a price of rou...
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Executive Suites Operator Leases 35k sf Scottsdale Building 12/12/12 Vision Offices Executive Suites L.P. agreed to a 10-year, $5.9 mil lease of a 35.2k sf ($1.40/sf/mo) building in Scottsdale, AZ. The property is located at 9375 East Shea Blvd, just east of the 101 Loop.
Vision Offices is a...
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Phoenix Multifamily Property Sold for $30 Mil 12/06/12 La Palma, a 548-unit apartment complex in Phoenix, was purchased for $30.1 mil ($55k/unit) by Seattle-based Weidner Investment Services. Built in in 1984, the property sits on 27.6 acres on West Bell Rd, near 7th Ave.
La Pal...
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Avison Young Opens New Office in Denver 12/05/12 Avison Young, Canada’s largest independently-owned commercial real estate services company, has opened a new office in Denver, CO, marking the company’s 21st market outside of Canada and an additional step in the firm’s ongoi...
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MIG Real Estate Converts Phoenix Hotel to Hampton Inn 12/03/12 MIG Real Estate has completed a $1.8 mil conversion of the Hotel Highland in Phoenix to the Hampton Inn brand. Renovations of the new Hampton Inn Phoenix-Biltmore include major upgrades to the hotel’s lobby, breakfast lounge ...
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Scottsdale Health Center Building Sells for $3.3 Mil 11/30/12 An 11.4k sf freestanding Arrowhead Health Center building in Scottsdale, AZ sold for $3.3 mil ($289/sf) in a recent sale/leaseback deal. Located at 2629 N. Scottsdale Rd, the property is a new strategic satellite facility for...
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