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• HFF Arranges $11 Mil on Nevada Multifamily Property
6/22/11
HFF has secured $10.92 mil in financing for The Waterford, a 240-unit multi-housing community in Sparks, Nevada. The complex is owned by a venture made up of Silverwing Development, AJU Investments and the Strand Group of Com...
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• Camelback Corridor Apartment Complex Commands $5.3 Mil
6/21/11
Highland Gardens, a 161-unit apartment complex at 4728 N. 15 th St. in Phoenix, AZ, has traded for $5.3 million ($32,919 per unit). The buyer is Highland Equity Partners LLC, a company formed by ARC Southwest Inc. in Tempe, H...
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• MIG Real Estate Acquires 18-Bldg, 100K SF Office Park in Las Vegas
6/17/11
MIG Real Estate, the Newport Beach, Calif.-based real estate investment company formerly known as Stoneridge Capital Partners, has acquired Pines Corporate Center, a 100k sf, 18-building office park in Las Vegas. Terms of the...
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• Trigild Named Receiver for an Additional 1 msf of Space
6/17/11
Trigild, a San Diego-based distressed real estate, loan recovery and real estate specialist, has added 11 commercial office and industrial properties nationwide to its portfolio of distressed commercial real estate. As the co...
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• Multifamily Sales Review
6/14/11
NEWHALL (Los Angeles County) -- A private investor paid $4.34 mil for The Californian, a 40 unit apartment property. The buyer was represented by Gregory Harris and Jeff Benson, investment specialists in Marcus & Millichap’s ...
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• MIG Completes 4th Vegas Buy Since Late Last Year
6/13/11
MIG Real Estate just closed on another Las Vegas buy, with the Newport Beach firm’s latest acquisition being Desert Inn Office Center, a 116k sf business park comprised of four multi-tenant office buildings. This is the firm’...
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• WA Investor Spends $76 Mil on 724-Unit Phoenix Apt Property
6/07/11
Trillium Pinnacle Peak, a 724-unit multifamily complex in Phoenix, traded hands in a recent transaction valued at $76 mil ($105k/unit). Built in 2008, the property is located at 24250 North 23rd Ave, east of I-17 and south of...
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• MIG Chasing Rainbows in Las Vegas
6/07/11
Rainbow Corporate Center, a 151.7k sf mixed-use center in Las Vegas, was acquired by Newport Beach-based MIG Real Estate in a recent investment deal. The property features two three-story office buildings totaling 147.1k sf ...
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• Johnson Capital’s Neal Churney Arranges $8.4 Mil on Five AZ Properties
6/06/11
Neal Churney, CCIM, a Senior Vice President in Johnson Capital’s Phoenix office, has arranged five different loans worth $8.4 mil on properties throughout Arizona. The individual properties and the note amounts are as follows...
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• Phoenix Investor Pays $4.4 Mil for Surprise, AZ Office/Retail Property
6/02/11
A Phoenix-based investor has purchased Bell Road Plaza and The Shops at Bell Road, an 81.9k sf mixed-use office/retail project in Surprise, Arizona for $4.415 mil ($54/sf). The acquisition consists of The Shops at Bell Road, ...
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• BH Properties Spends $10 Mil on Third AZ
6/02/11
BH Properties has acquired Biltmore on the Lake Apartments, a 420-unit garden-style apartment community in Phoenix. Located at 11050 North Biltmore Dr, within Phoenix’ Sunnyslope submarket, the property sold for $10 mil ($23....
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• Investor Pays Over $3 Mil for 177 Unfinished Res Lots in Phoenix Area
6/01/11
In an Arizona residential development sale, 177 partially finished lots located on 62.75 acres within the master-planned subdivision of Artesa in the Phoenix area, were purchased for $3.18 mil. The property is located just so...
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• Pair of AZ Apartment Sales Total Up to $10 Mil
5/26/11
Cedar Creek, a 144-unit apartment complex in Glendale, AZ, sold for $3.85 mil ($26.7k/unit). Constructed in 1984, the property is located at 5039 North 57th Ave.
Cedar Creek features 48 one-bedroom and 96 two-bedroom units....
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• Banner Health Acquires 196k sf AZ Facility
5/24/11
Chandler Technology Center, a 196k sf warehouse/office facility in the city of Chandler, AZ, was acquired for $12.152 mil by Phoenix-based Banner Health. Located at 7300 W. Detroit St, north of Chandler Blvd and east of I-10,...
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• Pathfinder Finds its Way with Parker, CO Acquisition
5/23/11
San Diego-based Pathfinder Partners LLC has acquired 20 units in Hunter’s Chase, a condominium project in Parker, Colorado, a historic town 19 miles southeast of downtown Denver. Bringing a long-stalled property back on the ...
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• Susank Joins Johnson Capital as Senior VP
5/20/11
Dave Susank, a veteran commercial real estate professional, has recently joined Johnson Capital’s Phoenix office as a Senior Vice President. Prior to joining the firm’s Phoenix office, Susank was in Johnson Capital’s Irvine,...
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• Vegas-Area Community Retail Center Hits the Market
5/19/11
The District at Green Valley Ranch, a 384.1k sf retail center located in Green Valley Ranch, a master-planned community on the outskirts of Las Vegas, has been put on the market by LNR Partners LLC. OC-based Faris Lee Investm...
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• HFF Arranges $14 Mil in Financing on CO Multi-Housing Community
5/19/11
HFF arranged a $10.6 mil loan assumption in conjunction with $3.4 mil in second lien financing for Dakota at Governors Ranch, a 246-unit multi-housing community in Littleton, Colorado.
An HFF team led by director Tina Derder...
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• Phoenix Office Complex Recapitalized
5/17/11
Pacific Office Properties has partnered with Angelo, Gordon & Co in a joint venture to recapitalize City Square, a collection of three Class A office towers in Phoenix' midtown submarket. The property is one of the city’s lar...
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• BlackRidge Real Estate Group Snaps Up five-Building AZ Industrial Complex
5/13/11
BlackRidge Real Estate Group LLC has acquired Tolleson Commerce Center, a five-building 86k sf industrial project in Tolleson, AZ. BlackRidge acquired the property from Johnson Bank for $4.1 mil ($48/sf).
The state-of-the-...
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