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Archway Holdings Corp Completes $20 Mil AZ Medical Office Buy 10/18/12 Archway Holdings Corp, a healthcare real estate investment firm, has purchased Arrowhead Health Center, a 103.2k sf medical office property in Glendale, AZ, for $20 mil ($194/sf). The asset was sold by Ventas REIT, the larges...
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$2 Mil Equity Investment Enables Refi of Vegas Light Industrial Park 10/17/12 Morrison Street Capital made a $2 mil structured equity investment in Valley View Industrial Park, a 196.3k sf light industrial business park located in Las Vegas. The structured equity in this transaction was used to recapit...
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Lucent Capital Arranges $23 Mil on AZ Office Property 10/11/12 Lucent Capital has arranged $22.75 mil in senior financing on behalf of Wolff Urban Development and American Capital for the recapitalization of its leasehold interest in Scottsdale Center, a Class A office building in Scotts...
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Broadreach Cross-Collateralizes Two Denver Office Buildings with $59 Mil 10/08/12 Broadreach Capital has obtained $59 mil in financing cross-collateralized by two Denver, CO-area office buildings which were acquired by the Palo Alto-based private equity firm in 2007. The financing was provided by Mesa West...
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Hines and Oaktree Partner Up in 1.1 msf Vegas Office Buy 10/03/12 Hines has teamed up with a subsidiary of real estate funds managed by Oaktree Capital Management, L.P. (Oaktree) to purchase a portfolio of office buildings in Las Vegas from General Growth Properties. This is the sixth ventu...
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Crow Holdings Lands $24 Mil in Financing for 155k sf AZ Retail Center 9/28/12 A private real estate fund advised by Crow Holdings Capital Partners LLC has obtained a $23.2 mil loan for the purchase of Scottsdale Horizon, a 154.8k sf neighborhood shopping center in Scottsdale, AZ. The five-year, fixed-r...
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Buchanan Street Partners and Lowe Enterprises Close 193k sf CO Office Buy 9/25/12 In a big Colorado office buy, Buchanan Street Partners and Lowe Enterprise have teamed up in a venture that acquired Parkridge 4, a 192.8k sf, Class A office property in the city of Lone Tree. Built in 2001, the six-story bui...
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Johnson Capital’s Neal Churney Places Eight Loans Totaling Over $25 Mil 9/24/12 Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has this quarter closed eight different financing transactions totaling $25 mil for eight different property owners. The properties are a combinat...
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Crow Holdings Acquires 68k sf CO Retail Center 9/21/12 A private real estate fund advised by Crow Holdings Capital Partners L.L.C has purchased The Whole Foods Center, a 68.3k sf, two-tenant retail center in Fort Collins, Colorado. The buyer assumed an existing CMBS loan.
Whole ...
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Kennedy Wilson and Partners Purchase 209k sf Retail Center in Utah 9/19/12 A Kennedy-Wilson-led investment partnership acquired a 209.3k sf, multi-tenant retail center in Orem, Utah. This purchase follows two other, recent retail real estate purchases by the company and its investment partners, incl...
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Work Begins on New $45 Mil Mixed-Use Project in Salt Lake City 9/18/12 Parley’s Partners of Salt Lake City, Utah has begun construction on Birkhill on Main, a new upscale, eco-friendly, transit-oriented apartment community in Murray, Utah, eight miles south of Salt Lake City. The 6.2-acre, multi...
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Johnson Capital Arranges $23 Mil in Refi Money on 88k sf Mixed-Use Property 9/17/12 Scott Monroe, Senior Vice President at Johnson Capital, has arranged a $23 mil refinance loan secured by a new mixed-use complex in Austin, TX.
The property was built in 2009 by a major regional retail developer based in A...
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Phoenix Single-Tenant Bank Property Fetches Over $2,200/sf 9/14/12 A single-tenant, retail property NNN leased to Wells Fargo Bank in Phoenix, AZ sold for $9.15 mil. The transaction works out to $2,231/sf, the highest PPSF for a bank-occupied property in 2012 nationwide. It also set a new na...
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U-Haul Picks Up Tucson AZ Self-Storage Property 9/05/12 AMERCO Real Estate Company, the parent company of U-Haul, acquired a 36k sf self-storage property in Tucson, AZ for $1.7 mil. U-Haul will add the property, located at 6755 East Golf Links Rd, to their extensive list of owned ...
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Bascom Closes $27 Mil AZ Multifamily Buy 9/04/12 Here’s the scoop on a recent institutional multifamily acquisition in Arizona, as Bascom Arizona Ventures purchased Coldwater Springs Apartments, a 301-unit community located in Avondale, AZ, for $27.2 mil, or $90.4k/unit. Co...
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Philips Edison-Arc spends $12.7 Mil on Tucson Retail Asset 8/31/12 Shopping center REIT Philips Edison-Arc has purchased an 83.6k sf portion of Broadway Plaza Shopping Center, a 464.9k sf multi-tenant retail asset located at 7701-7895 E Broadway Blvd in Tucson, AZ. The asset sold for $12.7 m...
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DDR Closes $123 Mil AZ Retail Buy 8/23/12 In a major retail acquisition, DDR Corp purchased The Tucson Spectrum Shopping Center, a 709.8k sf regional center in Tucson, AZ, for $123.4 mil. The acquisition also included seven developable finished retail pads of both Ph...
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PCCP Purchases 50% Interest in 307-Unit Phoenix Apt Community 8/22/12 PCCP LLC purchased a 50 percent syndicated interest in a senior construction loan secured by Belara Apartments, a 307‐unit Class A apartment community located north of the Deer Valley submarket in the city of Phoenix. B...
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Communication Test Design Leases 239k sf of AZ Ind Space 8/17/12 In a big AZ industrial lease, Communication Test Design inked an eight-year deal for 238.5k sf of space at Westside Business Park in the city of Tolleson, roughly 12 miles directly west of Phoenix. The transaction accounts fo...
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Three-Property Low Income Housing Portfolio in Reno Goes for $9.3 Mil 8/16/12 A three-property, 293-unit Section 42 Low Income Housing Tax Credit (LIHTC) portfolio in Reno sold for $9.3 mil ($31.7k/unit). Combined, the properties -- Skyline, Skyview and Southridge -- encompass a total of 233.5k sf of s...
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