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• Beech Street Capital Closes $30 Mil Loan on 463-Pad Manufactured Housing Community in Santa Fe
5/24/13
Beech Street Capital LLC closed a $30 mil Fannie Mae DUS loan to refinance Cottonwood Village, a 463-pad manufactured housing community in Santa Fe, New Mexico. Proceeds from the loan allowed the borrower, Cottonwood MS LLC,...
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• Tucson Single-Tenant Building Sells for $329/sf
5/23/13
Beccaria Partners has purchased a 25.7k sf building in Tucson, AZ occupied by a Children’s Learning Adventure store for $8.45 mil ($329/sf). There is a new 20-year, NNN lease for the property from Children’s Learning Adventur...
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• Las Vegas Office, Industrial and Retail Markets Seeing Pickup in Activity
5/14/13
Las Vegas is seeing a drop in vacancy rates and an increase in leasing activity in most areas, signifying a sense of cautious optimism for the city’s commercial real estate market overall in the first quarter of this year. Th...
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• BH Properties Completes It 8th AZ Multifamily Buy in Two Years
5/10/13
BH Properties has purchased the Terrace Park Apartments, a 214-unit multifamily property in Phoenix, for $6.2 mil ($29k/unit). Located at 8130 W. Indian School Rd, the 214-unit property was built in 1984 and is currently 94 p...
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• Vestar Refinances 686k sf AZ Power Center
5/09/13
Vestar has obtained a seven-year permanent loan totaling $63.5 mil for the refinancing of Queen Creek Marketplace, a 686k sf power center located at the Southwest corner of Ellsworth Loop Rd and Rittenhouse Rd in Queen Creek,...
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• Holland Partners Completes $25 Mil AZ Apartment Buy
5/08/13
In a large AZ multifamily acquisition, Holland Partners has purchased The Bellagio, a 202-unit apartment community in Scottsdale, for $25.8 mil ($11.5k/unit). The property, located at 5635 E. Bell Rd, at the corner with N 56t...
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• Stoltz Real Estate Partners Spends $50 Mil on Large Vegas Retail Center Buy
5/07/13
Stoltz Real Estate Partners has purchased the majority of Deer Springs Town Center Shopping Center, a 512.3k sf community shopping center in Las Vegas, for $50.5 mil. The acquisition included 369.2k sf of the center’s total s...
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• Kennedy Wilson Closes $62 Mil Apartment Buy in Salt Lake City
5/02/13
LA-based Kennedy Wilson recently closed on another large, institutional multifamily buy. In this latest deal, the company acquired Foothill Place, a 450-unit apartment community in Salt Lake City, Utah, for $61.8 mil, or abou...
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• $40 Mil AZ Mobile Home Park Hits the Market
5/02/13
Here’s an interesting Arizona listing to hit the market, as Pine Lakes Mobile Estates, a 315-space, age-restricted manufactured home community in Prescott, has come on the market with an asking price of $39.75 mil. That works...
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• CBRE Group Arranges FHA Refi of CO Apartment Community
4/25/13
CBRE Group Inc (CBRE), through its direct HUD FHA lender, CBRE HMF Inc (CBRE HMF), has completed a refi for Canyon Point Cottages, a market-rate and affordable apartment project located in Golden, CO. The loan was funded thro...
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• Newmark Realty Capital Arranges $59 Mil for Vegas Retail Center
4/18/13
Newmark Realty Capital has completed a $59 mil CMBS financing for a major destination retail center in Southwest Las Vegas. The property, Blue Diamond Crossing, is a 530k sf community shopping center anchored by Kohl’s and T...
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• Bascom Completes $35 Mil AZ Apt Buy
4/12/13
Bascom Arizona Ventures just acquired The Fairways Apartments, a 352-unit community located in Chandler, AZ, for $35.2 mil, $100k/unit. The purchase represents Bascom’s 9th recent acquisition in Arizona.
The Fairways is an ...
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• Steak 44 to Take Over Former Cork ‘N Cleaver Space at Camelback Village Center in Phoenix
4/11/13
Steak 44 has leased a 7.7k sf, 210-seat restaurant space formerly occupied by Cork ‘N Cleaver restaurant at Camelback Village in Phoenix. Steak 44 is an entity operated by the Mastro family that originated the Mastro’s and Oc...
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• Bascom Group Obtains $230 Mil in New Financing for The Breakers Resort in Denver
4/09/13
The Bascom Group has obtained $230 mil in new financing for The Breakers Resort, a six-village, 1,523-unit, Class A multi-housing community in Denver. The large financing deal, which consists of a $165 mil first mortgage, a ...
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• Voit Adds Three Brokerage Pros to Its Las Vegas Office
4/04/13
Three new top-producing brokers have joined the Las Vegas office of Voit Real Estate Services. Lauren Brouillet and Robin Civish, both specialists in retail sales and leasing, and Jennifer Levine who specializes in industrial...
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• Work is Started on 248-Unit Denver Res Development
4/04/13
Construction is underway on a 248-unit multifamily apartment community in the Denver Tech Center that will offer residents luxury housing with easy access to employment, restaurants, retail. The community, a development of Th...
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• HFF Arranges Equity Money for CO Res Development
3/21/13
HFF has arranged joint venture equity for the development of Solana Cherry Creek, a 341-unit, Class A, to-be-built multi-housing community in Denver’s Cherry Creek submarket of Glendale, CO. The joint venture equity money, w...
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• MIG Real Estate Acquires Two AZ Hotel Properties
3/20/13
Newport Beach-based MIG Real Estate LLC has acquired two hotels in the Phoenix metro area: the Fairfield Inn & Suites Midtown in Phoenix and Holiday Inn Express & Suites Old Town in Scottsdale. These acquisitions further expa...
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• Recent Lease Brings 219k sf Phoenix Office Property to Fully Leased
3/15/13
In a recent Phoenix office lease comp, AAA Northern California, Nevada & Utah Insurance Exchange inked a 40-month deal for 41.8k sf in the Black Canyon Corporate Center. This latest transaction brings the Center’s total occup...
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• Johnson Capital Arranges $6.76 Mil on AZ Senior Living Facility
3/11/13
The Phoenix office of Johnson Capital has originated a $6.756 mil loan secured by a 110-unit Senior Living/Memory Care facility in Tucson, AZ. The property is called The Villas at La Canada and it contains a 68.8k sf senior h...
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