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• Avondale, AZ Industrial Building Sells for $331/sf
5/04/09
A 12.4k sf industrial building leased to Cox Communications sold for $4.1 mil ($331/sf) in Avondale, AZ, a city of roughly 75,000 people located about 20 miles directly west of Phoenix. Built in 2007, the property is located ...
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• Semro and Rinehart Join Phoenix Office of Lee & Associates
4/28/09
Here’s the latest Pro Moves news from the Phoenix office of Lee & Associates, as the firm has added a leading local land team to its growing roster of industry pros. The new hires, Ryan Semro and Bret Rinehart, have joined th...
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• Canyon Capital Takes Ownership of 13-Acre Cal Neva Resort
4/24/09
Since completing the foreclosure process and taking ownership of the 13-acre Cal Neva Resort, Spa and Casino on the north shore of Lake Tahoe on April 8, Canyon Capital Realty Advisors (“Canyon”) has been moving forward to st...
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• $37.5 Mil Note on Distressed NV Development Offered for Sale
4/17/09
We’ve just learned about a $37.5 mil first mortgage note in the advanced stages of default being offered for sale. The note, which is secured by a condo development in a prime Henderson, NV location, is being marketed for sal...
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• Veteran Phoenix Brokerage Pros in the News
4/14/09
Here’s the scoop on a couple of veteran Phoenix-area brokers in the news, Ric Holway and Andrew Cheney.
Ric Holway, a veteran multifamily investment broker in the Phoenix area, has joined Hendricks & Partners as a Partner. ...
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• Single-Tenant Retail Buyers Have it Their Way
4/01/09
Consumer spending may be down but retail real estate buyers are still spending on single-tenant properties in Arizona. In fact, we’ve got three recent transactions to share with you, from Mesa, Phoenix and Chandler.
We’ll st...
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• Tranwestern to Market Colorado Data Center
3/30/09
Travelport has retained Transwestern to market space at its high-density, carrier neutral data center in Greenwood Village, CO. The center, which has achieved 10 consecutive years of uninterrupted mission-critical operations...
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• Investors Continue to Pursue NNN Retail Opportunities
3/13/09
Despite the current economic downturn, NNN-leased retail properties continue to be desirable investment commodities in well-positioned markets, as evidenced by a trio of recent deals brokered by Cushman & Wakefield. The trans...
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• New Signings Boost Pima Center to Over 90% Leased
3/03/09
A number of recent signings at Pima Center has brought the 1 msf office campus in Scottsdale, AZ to over 90% leased. Mutual of Omaha, Taylor Morrison Homes, State Farm Insurance and Healthcare Realty Trust are the latest comp...
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• Centra Rolls a Seven in Vegas
2/26/09
Construction work has been completed on a new seven-building, 100k sf office project in Las Vegas. Called Seven Series @ Hughes Airport Center, the mixed-use development is located at 740 Pilot Rd, just south of McCarran Int...
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• First American Title Inks Relocation Lease in Scottsdale
2/23/09
First American Title Insurance Company inked a seven-year lease for 93.8k sf of office space in a recent Scottsdale, AZ transaction. The space is at the Pima Center, located at 9000 E. Pima Center Pkwy, near the 101 Fwy. Bill...
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• Scottsdale Retail Space Trades for $575/sf
2/18/09
A La Jolla-based investment entity closed on an interesting retail buy in Arizona, having purchased the ground-floor retail component of a 21-unit loft building in the heart of downtown Scottsdale. The property, known as the ...
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• Disability Empowerment Center Completed in Phoenix
2/16/09
Baldinger Architectural Studio Inc and Caliber Construction have recently completed the first phase of Disability Empowerment Center of Arizona (The DEC), a complex to be utilized as a national model for accessible design. Th...
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• Reno Office Property Sells in Majestic $12 Mil Deal
2/11/09
We’ve got news of two recent investor acquisitions for our Southwest News page, one an office buy in Reno, NV (okay, not really in the Southwest) and the other an industrial purchase in Surprise, AZ.
The larger of the two tr...
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• MC Companies’ 7,000-Unit Management Acquisition is an Encore Performance
2/04/09
MC Companies, an AZ-based real estate development and property management firm, recently acquired the management portfolio of Encore Management Company, headquartered in Arlington, TX and owned by Jackie Jackson. For MC, thi...
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• Seniors Housing Portfolio Trades for $364 Mil
2/02/09
A large real estate portfolio consisting of 3,554 residential units in 45 senior housing communities was acquired by private equity firm for $364 mil ($102.4k/unit). Located in Alabama, Arizona, California, Colorado, North Ca...
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• Medical Building Sale Resuscitates Vegas Office Investment Market
1/23/09
An 18.7k sf medical office building in Las Vegas traded hands in a recent $7 mil ($374/sf) transaction. The property, University Medical Center, is located at 2231 W. Charleston Blvd, roughly one mile west of I-15, the major ...
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• Phoenix Apartment Market in State of Flux
1/20/09
The Phoenix apartment market is expected to remain in a state of transition in 2009 due to a considerable supply/demand imbalance. That’s the outlook according to the 2009 National Apartment Report from Marcus & Millichap, th...
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• Hines Closes $66 Mil CO Portfolio Buy
1/14/09
Hines Real Estate Investment Trust, the big Texas-based owner/developer, closed on a substantial Colorado portfolio acquisition, having paid $66.5 mil for three buildings totaling 484.7k sf ($137/sf) of space. The properties,...
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• CommScope Inks Lease for 120k sf of Distribution Space in Reno
1/12/09
CommScope, a leader in infrastructure solutions for communication networks, inked a lease for 120k sf of recently completed industrial space at Patrick Industrial Park, a distribution park located east of Reno in McCarran, NV...
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