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• Vegas Industrial Buy is Voit Real Estate Services’ First Investment in More than Five years
7/10/12
Voit Real Estate Services has acquired Cheyenne Technology Center (formerly called North Port Business Center), a 172.3k sf industrial business park in North Las Vegas, for $11.9 mil ($69/sf), in the company’s first investmen...
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• Griffin Capital Corp Buys Denver Office Property
7/09/12
Griffin Capital Corp paid $16.1 mil for a three-story, 131k sf ($123/sf) office property in Denver fully occupied by The Travelers Indemnity Company ("Travelers Indemnity"). The property serves as the Travelers Indemnity Regi...
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• GSP Arranges $15 Mil in Financing for Recent CO Apartment Buy
7/05/12
George smith Partners arranged financing for the acquisition and rehabilitation of Wellshire Arms Apartments, a 107-unit, upscale multifamily high-rise in Denver, CO. The 103k sf, 12-story property, located in the city’s hist...
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• Adam Finkel Joins Phoenix Office of Johnson Capital
7/03/12
Adam Finkel has joined Johnson Capital’s Phoenix office as Vice President. In his new position, Finkel will be originating debt and equity for commercial real estate property owners.
Finkel comes to Johnson Capital after f...
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• CIP Invests $4 Mil in 153k sf Las Vegas Industrial Property
6/28/12
CIP Real Estate has acquired a 153k sf Las Vegas industrial property located immediately south of McCarran International Airport. The property, which CIP acquired in a joint venture with a real estate investment fund managed...
Price: $4.99
Executive Subscriber Price: Free
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• Pathfinder Partners Closes on Denver and Long Beach Multifamily Buys
6/28/12
San Diego-based Pathfinder Partners LLC recently closed on two multifamily acquisitions, in Denver, Colorado, and Long Beach, California. The properties have a combined 147 units and bring Pathfinder’s number of deals so fa...
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• Johnson Capital of CO Sells Portion of Servicing Portfolio to CBRE Group
6/22/12
Johnson Capital of Colorado (JCOC) has entered into a definitive agreement to sell the portion of the company’s servicing portfolio owned by the Denver office to CBRE Group Inc. With the Denver office now 100% controlled by ...
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• Newmark Realty Capital Arranges $15.6 Mil on AZ Medical Office Building
6/20/12
Newmark Realty Capital arranged $15.6 mil in financing on a 150.9k sf medical office building in Scottsdale, AZ. The three-story, Class B building is owned by Coventry Health Care, the borrower, and is situated along Scottsda...
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• CBRE Group Arranges Financing for Salt Lake City Res Development
6/18/12
CBRE Group Inc (CBRE), through its direct HUD FHA lender, CBRE HMF Inc (CBRE HMF), arranged construction financing for the Brick Stone Apartments on Main, a market rate housing development located in South Salt Lake, UT. The...
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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...
Price: $4.99
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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