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• 432-Unit Phoenix Apartment Community Hits the Market
6/15/12
Here’s an opportunity for a significant multifamily investment acquisition in Phoenix, as Marcus & Millichap is shopping Arcadia Cove, a 432-unit apartment complex in the city. The listing price of $47.25 mil equates to $1094...
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• Johnson Capital Arranges $7 Mil on AZ Multifamily Asset
6/13/12
Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has arranged a $7 mil loan for an apartment complex in Mesa, AZ. Churney was engaged by the owner, a California-based investment group, to arrang...
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• Bernards Named as a General Contractor for Mesa, AZ Master-Planned Community
6/08/12
Bernards has been named as one of several general contractors for Eastmark, a new master-planned community in Mesa, AZ. The company will oversee the grading operations of the first 11 neighborhoods in the 2,400-acre, multi-p...
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Executive Subscriber Price: Free
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• Westfield Company Buys 461k sf Office Asset from Hines
6/08/12
Westfield Company has purchased Mountain View Corporate Center, a 461.4k sf, Class A office development in Broomfield, CO. The property, which is comprised of three three-story buildings and one four-story building, was sold ...
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• Retail Briefs
6/06/12
CORONADO (San Diego County) -- Manna Development Company LLC has purchased a 4.3k sf retail building located at 980 Orange Ave in Coronado for $3.8 mil ($884/sf). Manna is the owner of Panera Bread Company, which has operate...
Price: $4.99
Executive Subscriber Price: Free
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• Scottsdale, AZ Retail Center Sold for $46.5 Mil
6/04/12
Sonora Village, a 248.3k sf retail center in Scottsdale, AZ, sold for $46.5 mil ($187/sf). The property, located at 15515-15745 North Hayden Rd, south of Frank Lloyd Wright Blvd on the west side of the 101 Fwy, was sold by We...
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• Recovery Gains Traction in Las Vegas as Apartment Demand Surges
5/31/12
Apartment operations in Las Vegas are expected to improve as job growth strengthens this year, according to the second quarter 2012 data from Marcus & Millichap’s Apartment Research Market Report for the Las Vegas Metro Area....
Price: $4.99
Executive Subscriber Price: Free
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• Mountain Real Estate Capital and Oakwood Homes to Complete Colorado Springs Res Development
5/31/12
In residential development news out of Colorado, Mountain Real Estate Capital (MREC) and Oakwood Homes of Denver have acquired and plan to build out Banning Lewis Ranch, a 2,600-acre, 8,500-approved-lot master-planned communi...
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• Held Properties Venture Spends $10 Mil on AZ Office Property
5/29/12
The principals of Los Angeles-based real estate firm Held Properties Inc have formed Chandler HFP LLC, which has completed the acquisition of the Chandler Corporate Center, a 70.6k sf commercial office building in Chandler, A...
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• 660-Unit AZ Multifamily Asset Fetches $46.5 Mil
5/25/12
Haven, a 660-unit apartment community in Tempe, AZ, sold for $46.5 mil, or about $70.5k/unit and $93/sf. The property, located at 1440 East Broadway Rd, was developed by Lincoln Property Co in 1984 and underwent a renovation ...
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• ViaWest Group Closes $8.2 Mil AZ Condo Buy
5/23/12
ViaWest Group has acquired 102 condominiums within the 204-unit, Class A Timberline Place Condominiums project in Flagstaff, AZ for $8.175 mil ($80k/unit). Steve Nicoluzakis and David Fogler of Cassidy/Turley BRE Commercial ...
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• 232-Unit Albuquerque Apartment Community Trades Hands
5/18/12
La Ventana, a 232-unit apartment community located at 12200 Academy Rd NE in Albuquerque, NM, was purchased by a Los Angeles-based investment entity. The price was not disclosed.
Built in 1995, La Ventana contains 92 one-bed...
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• Excel Trust Closes $42 Mil AZ Retail Buy
5/18/12
Excel Trust has acquired 188k sf, or roughly half, of Lake Pleasant Pavilion Shopping Center, a 373k sf community shopping center in Peoria, a city in the Phoenix, AZ metro area, for $41.75 mil. One of the anchor tenants, a 1...
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Executive Subscriber Price: Free
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• KBS REIT III Adds Another 200k sf to Its Growing Portfolio
5/15/12
Newport Beach-based KBS Real Estate Investment Trust III (KBS REIT III) has added another signature office building to its portfolio with the acquisition of Gateway Tech Center, a 198.6k sf converted warehouse property in dow...
Price: $4.99
Executive Subscriber Price: Free
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• Johnson Capital Arranges Financing on Two AZ Multifamily Properties
5/14/12
Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has arranged two loans totaling $8.7 mil for two multifamily properties in Arizona. In both cases, Churney was engaged by the property owners to d...
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• Sale of Konami Building Marks Third Vegas Industrial Disposition in Six Months for CIP
5/14/12
Konami Digital Entertainment has acquired its 114.5k sf building in Las Vegas. The “state-of-the-art” build-to-suit facility, known as the Konami Gaming Building, is located within CIP Real Estate’s portfolio in the Hughes Ai...
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• Walgreens Properties Commanding Big Dollars from Investors
5/14/12
By Allen Wolfsheimer
Single-tenant Walgreens properties continue to fetch big dollars from buyers looking to invest in secure NNN-leased assets. We’ve got two very noteworthy recent Walgreens sales to report, including a rec...
Price: $4.99
Executive Subscriber Price: Free
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• Phoenix, AZ Apartment Community Purchased for $21.6 Mil by Utah Investor
5/11/12
West Town Court, a 274-unit apartment community located at 8400 West Virginia Ave in Phoenix, sold for $21.65 mil ($79k/unit). Built in 2009, West Town Court contains 138 one-bedroom, 120 two-bedroom, and 16 three-bedroom uni...
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• Johnson Capital Arranges $3 Mil on Phoenix Retail Property
5/10/12
Neal Churney, CCIM, Senior Vice President, and Don Burnes, Senior Vice President, in Johnson Capital’s Phoenix office, have assisted one of their clients by arranging the refinancing of a 23k sf retail property in Phoenix wit...
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• Hiring Solutions Firm Inks 10-Year Lease for 20k sf of Tempe, AZ Office Space
5/08/12
Verifications Inc, a hiring solutions provider based in Minneapolis, MN, inked a five-year, $1.3 mil lease for 20.2k sf ($1.07/sf/mo) of office space in Tempe, AZ. The space is located at 8260 South Hardy Dr, within Warner Cr...
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