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• Pac Northwest Investor Closes $27 Mil AZ Apartment Buy
3/25/10
The seller was 109th Avenue and Olive LLC, an Arizona limited liability company of Tempe, AZ. The Buyer was Weidner Investment Services Inc. Mark Forrester and Ric Holway of Hendricks & Partners were involved in brokering the...
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• OC’s KBS REIT II Closes on Another Sizable Texas Buy
3/24/10
OC-based KBS REIT II, a public, non-traded real estate investment trust, has purchased three buildings totaling 283.6k sf of Class A industrial/flex space at Plano Business Park in Plano, TX, roughly 20 miles north of downtow...
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• Pathfinder and Pittman Launch New Colorado Opportunity Fund
3/19/10
Pathfinder Partners LLC, a San Diego-based company that invests in distressed real estate and defaulted loans, has joined forces with Denver’s Pittman Development Group to launch the Pittman Pathfinder Colorado Opportunity Fu...
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• OC Firm Closes Phoenix Hotel Buy
3/18/10
Newport Beach-based Stoneridge Capital Partners has acquired the 119-room Hotel Highland in Phoenix. Located at 2310 East Highland Ave, Hotel Highland sits in the heart of Phoenix’s Biltmore District, commonly known as the Ca...
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• Tucson Comp Review
3/17/10
For those Arizona deal fans out there, we’ve got four recent comps from the popular college town of Tucson to share with you – two leases and two sales. In the first lease, A & E Flood Services took 25.2k sf of space at 1857 ...
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• Trigild Named Receiver for Phoenix Skyscraper
3/12/10
San Diego-based Trigild Inc was appointed receiver for the 24-story, 482k sf Viad Corporate Center in Phoenix. Located at 1850 N. Central Ave, east of Grand Ave and north of I-10, the office tower is encumbered by a $65 mil d...
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• AZ Investor Shapes Up with LA Fitness
2/24/10
An Arizona-based opportunity closed on a notable Inland Empire retail buy, paying $9.21 mil for a 45k sf ($205/sf) LA Fitness in the city of Highland. Located in the southeast quadrant of I-210 and Greenspot Rd, LA Fitness i...
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• Southwest Retail Briefs
2/23/10
CODY, WY (Park County) -- A new 13.7k sf Walgreens located at the signalized intersection of Sheridan Ave and 16th St in downtown Cody sold for $5.15 mil ($376/sf). Built in 2009, the Phil Sambazis and Brandon Hanks with Marc...
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• Cox Communications Las Vegas Leases 84k sf Facility
2/16/10
In one of Las Vegas’ largest industrial lease transactions since 2008, Cox Communications Las Vegas Inc signed a long-term deal for an 84.4k sf building owned by CIP Real Estate in a joint venture with Buchanan Street Partner...
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• Westcore Sees Renewed Interest at Denver Office Property
2/04/10
Recent leasing activity has brought the Wells Fargo Bank Building, a 125.4k sf office property in Denver, to 78% leased. The latest deals totaled over 8k sf of space and were with the Law Office of Matthew K. Barringer P.C., ...
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• Denver PETCO Property Trades for Near $8 Mil
1/13/10
A 23.1k sf, single-tenant PETCO-occupied property in Denver, CO changed hands in a recent $7.8 mil ($339/sf) transaction. The property is situated on 1.4 acres at 4100 E. Mexico Ave, just east of Colorado Blvd.
Built in 1993...
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• MFG’s Andrew Miller Named Receiver for 700k sf CO Retail Center
12/31/09
Andrew Miller, Principal at Denver, CO-based Miller Frishman Group (MFG), has been engaged as a court-appointed receiver for The Promenade Shops at Centerra, a 700k sf lifestyle center in northern Colorado. MFG is providing p...
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• 200-Unit Phoenix Apartment Property Sells for $10.9k/Unit
12/30/09
Camelback Vista, a 201-unit apartment community in Phoenix, was acquired by an El Paso, TX-based investor for $2.2 mil ($10.9k/unit) in a recent REO sale. The property is located at 2930 West Camelback Rd, a few blocks west o...
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• Las Vegas Medical Office Building Master Lease Worth $21 Mil
12/29/09
In a sizable Las Vegas-area transaction worth over $21 mil, MD Realty of Henderson LLC signed a 15-year master lease at Tuscano Medical Parc. The property, located at 10561 Jeffreys St, east of I-15 and south of I-215 in Hend...
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• Transwestern Lands 3.8 msf Management Assignment in Phoenix from RREEF
12/24/09
RREEF has awarded Transwestern the property management assignment for 3.8 msf of its Phoenix area portfolio, which RREEF owns on behalf of its institutional clients. Nationally, RREEF assigned Transwestern a portfolio totalin...
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• HFF Locks Up $16 Mil Refi for CO Retail Property
12/16/09
In a notable retail financing deal from last month, the LA office of HFF (Holliday Fenoglio Fowler, L.P.) secured a $16 mil refi for Bear Valley Shopping Center, a 300k sf+ shopping center in Denver, CO. Located at 3100-3200 ...
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• Two New Tenants Sign at Phoenix Office High-Rise
12/09/09
Two tenants, Arizona Hospital Association and the law firm of Swenson Storer Andrews & Frazelle, signed leases for a combined 17k sf of office space at 2800 Tower, a 364.5k sf Class A high-rise located at 2800 North Central A...
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• Canadian Investors Pick Up 78 Units at Phoenix Condo Conversion Project
12/08/09
A Canadian investment partnership acquired 78 units at Riverwalk, a 240-unit condo conversion project located at 5345 East Van Buren St, a few blocks northeast of Sky Harbor International Airport in Phoenix, AZ. The units, wh...
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• PCCP/Lewis Venture Picks Up 798 Residential Lots in Reno
11/19/09
A venture of El Segundo-based PCCP LLC and Upland-based Lewis Operating Corp acquired 798 finished and partially finished residential lots located in southeast Reno in a $6.6 mil purchase. Approximately 600 of the lots are l...
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• Northstar Picks Up 204k sf Suburban Denver Office Property
11/17/09
Northstar Commercial Partners (NCP) acquired Cherry Creek Place II, a six-story, 204k sf multi-tenant office property located at 3190 South Vaughn Way, just off I-225 at Parker Rd in Aurora, CO, a Denver suburb about 15 miles...
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