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• Annual CREF Conference in Las Vegas is a Major Draw for CRE Pros
9/15/22
By Steve Bloom
Against the murky backdrop of rising interest rates and perhaps a recession, about 850 commercial mortgage bankers and brokers descended upon Aria Resort & Casino in Las Vegas Sept 7 through 9th for the 25th...
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• AZ Developer Secures $57 Mil in Construction Money for 187-Unit Tempe Res Project
9/12/22
A Scottsdale, AZ-based commercial developer has obtained $57.9 mil in construction financing for a 187-unit multifamily development in north Tempe. The mid-rise, Class A project is located immediately adjacent to a Valley Met...
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• Preservation Equity Fund Advisors Picks Up Two Affordable Housing Communities in Colorado
9/12/22
Preservation Equity Fund Advisors LLC (PEF Advisors) has acquired Reflections Senior and Woodbridge Senior Apartments in Fort Collins, CO, two affordable housing communities located in a market with a high cost of living.
...
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• Cushman & Wakefield and Greystone Strengthen Joint Multifamily Platform with Addition of Premier Financing Team in Denver
9/09/22
A veteran Equity, Debt and Structured Financing (EDSF) team led by Craig Branton, M.S., has joined a joint, multifamily platform from Cushman & Wakefield and Greystone Servicing Company LLC in Denver, CO. Branton, Vice Chairm...
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• Local Investor Pays $14.7 Mil for Denver Office Building
9/08/22
Denver-based Flywheel Acquisitions LLC paid $14.7 mil for a 63.3k sf ($232/sf) office building on nearly 2.3 acres in Denver. Located at 4100 E Arkansas, the three-story building is currently fully leased to a single tenant.
...
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• SB Real Estate Partners Spends $56 Mil on Phoenix Area Multifamily Buy
9/08/22
SB Real Estate Partners has purchased Obsidian on Ocotillo Apartments, a 232-unit multifamily project in Glendale, AZ, for $56.4 mil, or $243k/unit. The property was sold by Tower 16 Capital Partners, who acquired the asset i...
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• Roers Companies to Develop 264-Unit Res Project in Salt Lake City
9/07/22
Roers Companies has obtained a $61.8 mil loan to finance the ground-up development of 375 West Whitney Avenue, a six-story, Class A, multifamily project comprising 264 units and located in Salt Lake City, UT. The loan was ori...
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• FlexHQ Spends $10.8 Mil on Denver Building
9/07/22
FlexHQ has paid $10.8 mil for a 76k sf ($142/sf) building in Denver to serve as the first Colorado outpost of its industrial co-working brand. The company acquires traditional warehouses and turns them into adaptable co-wareh...
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• Community Preservation Partners Acquires Multifamily Communities in CA, NM and AZ
9/06/22
Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona.
One of the properties is Park Villa apartments in El Cajon, CA. The property is compris...
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• Molto Properties Breaks Ground on 600k sf Logistics Project in Central Texas
9/02/22
Molto Properties broke ground on its first real estate development in Central Texas. Blue Springs Business Park is a state-of-the-art logistics center totaling 604k sf of distribution buildings located less than 1/2 mile from...
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• MG Properties Picks Up 289-Unit AZ Multifamily Asset
9/02/22
MG Properties has purchased 2150 Arizona Ave South Apartments, a 289-unit residential community in Chandler, AZ, for $107 mil ($370k/unit). MG has rebranded the property as 2150 Apartments.
The Chandler submarket of Phoenix ...
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• New 365k sf Colorado Life Sciences Development Set to Break Ground
9/01/22
PMB, in partnership with Montgomery Street Partners, is developing a new 365k sf life sciences project in Boulder County, CO named Coal Creek Innovation Park. Located in Downtown Superior, the innovation park will be the firs...
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• Data Center Real Estate Activity Continues to Grow
9/01/22
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL
Emerging from the pandemic, it’s clear the world of work is adapting to th...
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• Activity Update from 1,700-Acre Utah Biz Campus
8/31/22
Here’s an activity update about Lakeview Business Park, a brand new, 1,700-acre state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, UT that is owned by The Romney Group. Situated on more t...
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• Nolan Bushnell to Keynote California MBA’s 2022 Western States CREF Conference Sep 7- 9 in Las Vegas
8/30/22
California MBA is holding its 2022 Western States CREF Conference on Sep 7 through Sep 9 at the Aria Resort & Casino in Las Vegas. This three-day conference is packed with highly valuable networking and educational opportunit...
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• BentallGreenOak Spends Over $109 Mil for AZ Distribution Facility
8/29/22
BentallGreenOak purchased a fully leased 730.8k sf Class A big-box distribution building on over 46 acres in Goodyear, AZ for $109.2 mil ($149/sf). Newly constructed in the first quarter of 2022, the property referred to as L...
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• Bio Huma Netics Buys 40k sf Building in Tempe, AZ
8/26/22
Bio Huma Netics Inc paid $10.5 mil for a 40.2k sf ($261/sf), freestanding warehouse building in Tempe, AZ. The building, situated on 3.3 acres at 3001 South Wilson St, was sold by Tempe-based Phoenix Plastics Products.
Built...
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• Sares Regis Group Closes on 386-Unit Multifamily Purchase in the Denver Area
8/24/22
Sares Regis Group has acquired Terracina Apartments, a 386-unit multifamily property in Broomfield, CO. The firm has obtained $139.9 mil in first mortgage money from Mesa West Capital for the acquisition and repositioning of ...
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• Kennedy Wilson Picks Up 260-Unit Multifamily Property in Albuquerque NM
8/24/22
Kennedy Wilson has acquired Cantata at the Trails, a 260-unit apartment community in Albuquerque, NM. Cantata at the Trails is the fifth addition to the company’s rapidly expanding Albuquerque property portfolio, which has gr...
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• Denver Storage Yard Property Generates $19 Mil Price
8/23/22
New York-based IG Logistics LLC and Meadow Partners have acquired a 26.7-acre industrial storage yard/trailer site in central Denver for $19 mil. Located at 409 West 66th Ave, the vacant property is zoned for outside storage ...
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