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• Bascom Completes $35 Mil AZ Apt Buy
4/12/13
Bascom Arizona Ventures just acquired The Fairways Apartments, a 352-unit community located in Chandler, AZ, for $35.2 mil, $100k/unit. The purchase represents Bascom’s 9th recent acquisition in Arizona.
The Fairways is an ...
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• Steak 44 to Take Over Former Cork ‘N Cleaver Space at Camelback Village Center in Phoenix
4/11/13
Steak 44 has leased a 7.7k sf, 210-seat restaurant space formerly occupied by Cork ‘N Cleaver restaurant at Camelback Village in Phoenix. Steak 44 is an entity operated by the Mastro family that originated the Mastro’s and Oc...
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• Bascom Group Obtains $230 Mil in New Financing for The Breakers Resort in Denver
4/09/13
The Bascom Group has obtained $230 mil in new financing for The Breakers Resort, a six-village, 1,523-unit, Class A multi-housing community in Denver. The large financing deal, which consists of a $165 mil first mortgage, a ...
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• Voit Adds Three Brokerage Pros to Its Las Vegas Office
4/04/13
Three new top-producing brokers have joined the Las Vegas office of Voit Real Estate Services. Lauren Brouillet and Robin Civish, both specialists in retail sales and leasing, and Jennifer Levine who specializes in industrial...
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• Work is Started on 248-Unit Denver Res Development
4/04/13
Construction is underway on a 248-unit multifamily apartment community in the Denver Tech Center that will offer residents luxury housing with easy access to employment, restaurants, retail. The community, a development of Th...
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• HFF Arranges Equity Money for CO Res Development
3/21/13
HFF has arranged joint venture equity for the development of Solana Cherry Creek, a 341-unit, Class A, to-be-built multi-housing community in Denver’s Cherry Creek submarket of Glendale, CO. The joint venture equity money, w...
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• MIG Real Estate Acquires Two AZ Hotel Properties
3/20/13
Newport Beach-based MIG Real Estate LLC has acquired two hotels in the Phoenix metro area: the Fairfield Inn & Suites Midtown in Phoenix and Holiday Inn Express & Suites Old Town in Scottsdale. These acquisitions further expa...
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• Recent Lease Brings 219k sf Phoenix Office Property to Fully Leased
3/15/13
In a recent Phoenix office lease comp, AAA Northern California, Nevada & Utah Insurance Exchange inked a 40-month deal for 41.8k sf in the Black Canyon Corporate Center. This latest transaction brings the Center’s total occup...
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• Johnson Capital Arranges $6.76 Mil on AZ Senior Living Facility
3/11/13
The Phoenix office of Johnson Capital has originated a $6.756 mil loan secured by a 110-unit Senior Living/Memory Care facility in Tucson, AZ. The property is called The Villas at La Canada and it contains a 68.8k sf senior h...
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• Brookfield Asset Management Obtains $34 Mil in Refi Money for AZ Office Complex
3/08/13
Mesa West has provided Brookfield Asset Management with a $34 mil first mortgage loan to refinance a two-building, Class A office complex in Tempe, AZ.
The complex, consisting of a five-story and adjacent four-story building...
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• Johnson Capital Arranges $11.5 Mil Loan on 448-Unit Denver Apt Property
3/08/13
Scott Graber, Senior Vice President in Johnson Capital’s Denver, CO office, has arranged an $11.56 mil FHA Section 223(a)(7) loan secured by a 448-unit apartment complex located in Indianapolis, IN named Greentree Apartments...
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• Bascom Completes Two More AZ Apt Buys for $88.5 Mil
3/07/13
Bascom Arizona Ventures has been on an aggressive acquisition program in the state recently. As reported on RENTV the other day, the OC-based firm just paid $36.7 mil for The Highlands, a 272-unit complex in Scottsdale. This ...
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• New 3,500-Room, Asian-Themed Resort Planned for Las Vegas
3/07/13
To learn more about this multi-million dollar project, located at the corner of Vegas Blvd and Desert Inn Rd, read the complete article in the Los Angeles Times by Jay Jones. Just click HERE.
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• Mountain Real Estate Capital and Oakwood Homes Form Strategic Partnership
3/06/13
Charlotte, N.C.-based Mountain Real Estate Capital (MREC) has entered into a strategic partnership with Oakwood Homes, Colorado’s largest privately held homebuilders. The $100 mil+ transaction provides MREC, one of the larges...
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• Bascom Closes $37 Mil AZ Apartment Buy
3/04/13
Bascom Arizona Ventures has acquired The Highlands Apartments, a 272-unit community located in Scottsdale, AZ, for $36.7 mil, or $135.5k/unit. The transaction marks Bascom Arizona Ventures’ eighth recent Arizona purchase.
T...
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• Seattle Investment Firm Picks Up Two Phoenix-Area Distressed Res Properties
2/22/13
Seattle-based Goodman Real Estate purchased two multifamily rental properties in AZ for $9.8 mil that were considered “stalled” or “distressed” at the time. The properties were sold by Newport Beach-based Sabal Financial Gro...
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• ViaWest Group Spends Over $13 Mil on Phoenix Commercial Assets
2/12/13
ViaWest Group has acquired two Phoenix commercial properties: a 118.9k sf, multi-tenant, flex-office complex and a 2.8-acre parcel of commercially-zoned vacant land, collectively referred to as “West 101 Business Center”. The...
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• George Smith Partners Arranges $12 Mil Cash-Out Refi on CO Apartment Complex
2/08/13
George Smith Partners (GSP) has arranged $12.2 mil in a cash-out refinance of Kipling Village Apartments, a 308-unit apartment complex located in Wheat Ridge, Colorado. The borrower was Kipling Village LLC.
The non-recourse ...
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• Henderson, NV Home Depot Purchased by LBG Realty Advisors/Aviva Investors Venture
2/06/13
A partnership of LBG Realty Advisors LLC and an affiliate of Aviva Investors North America Inc has purchased the majority and controlling interest in the Home Depot building at the Sunset Plaza shopping center in Henderson, N...
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• Holland Partner Group Closes Out 2012 with 320-Unit CO Apartment Buy
1/31/13
Holland Partner Group acquired Stone Mountain, a 320-unit multifamily community in Northglenn, CO, located about 15 miles directly north of downtown Denver. The purchase was financed with a $31.2 mil permanent loan arranged b...
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