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Glendale, AZ Multifamily Asset Sells for Over $10 Mil 12/23/11 Village Sereno, a 93-unit apartment complex in Glendale, AZ, sold for $10.25 mil. Located at 8622 North 59th Ave, the property was purchased by a Long Beach, CA-based investment entity.
Village Sereno, built in 2009, feature...
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Excel Trust Spends $17.5 Mil on Vegas Neighborhood Retail Center 12/20/11 Two national retail REITs traded a Las Vegas grocery-anchored shopping center, as San Diego-based Excel Trust acquired Anthem Highlands Shopping Center from retail giant Regency Centers. Anchored by Albertsons Grocery and CVS...
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Vestar/Rockwood Capital Obtain $50 Mil Loan on Vegas-Area Retail Center 12/19/11 Vestar, in a joint venture with New York-based Rockwood Capital, has obtained a first mortgage for The District at Green Valley Ranch, a 384.1k sf retail property located outside of Las Vegas. The loan was funded by Wells Fa...
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Walker & Dunlop Arranges $19 Mil on CO Apartment Community 12/19/11 Walker & Dunlop LLC recently arranged $19 mil in financing for Pine Bluffs Apartments, a multifamily apartment complex in Colorado Springs, Colorado. The refinance loan was structured with a 10-year term and a 30-year amortiz...
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Providence Health & Services Takes 19k sf of Portland Office Space 12/19/11 Providence Health & Services-Oregon signed a long-term lease for 18.9k sf at the 9450 Building located at 9450 SW Barnes Rd in Portland. Providence inked the deal for one of its groups, Providence Behavioral Health, which is ...
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Easterly Partners Buys Two-Building Office Complex in Albuquerque, NM 12/16/11 Easterly Partners has purchased a two-building office portfolio in Albuquerque. The buildings, referred to as Masthead I and Masthead II, are build-to-suit facilities for the U.S. Forest Service (USFS) and are leased on a lon...
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TA Associates Closes $36 Mil Industrial Portfolio Buy in Las Vegas 12/16/11 The buildings are located at 6700 Paradise, 1111 Grier Dr, 1151 Grier Dr, 1181 Grier Dr, 890 Pilot Rd and 950 Pilot Rd. Major tenants in the acquired portfolio include Iron Mountain, Telepacific, Cirque du Soleil, Ninyo and M...
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Gilbert, AZ Apartment Property Goes for $3 Mil 12/14/11 A Gilbert, AZ-based limited liability company has purchased 454 West, an 80-unit apartment community located at 454 West Brown Rd in Mesa, AZ. The property sold for $3 mil, or $37.5k/unit.
Built in 1972, 454 West features a...
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Utah Self-Storage Property Sells for Over $7 Mil 12/13/11 Armor Storage of Logan, a 479.2k sf self-storage facility in Logan, UT, traded hands at a price of $7.2 mil, or $15/sf. Armor Storage of Logan is located at 1095 North 600 West St (for those of our readers who are familiar wi...
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North Las Vegas Distribution Facility Trades for $7.5 Mil 12/12/11 In a recent Vegas-area industrial buy, an affiliate of Pacifica Real Estate Group purchased a 109.5k sf building located at 985 Trade Dr in the Hughes Cheyenne Center in North Las Vegas for $7.48 mil ($68/sf). The Class A dis...
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CO Shopping Center Gets New Owner in $32 Mil Transaction 12/08/11 Marketplace at Austin Bluffs, a 226.6k sf, grocery-anchored shopping center in Colorado Springs, sold for $32.8 mil, or $145/sf. The asset was purchased by AmCap Austin Bluffs LLC from United Properties.
The shopping center ...
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Mercy Housing Underway with New Denver Affordable Housing Community 12/06/11 Construction is underway on Bluff Lake Apartment Homes, a new high-quality, eco-friendly residential community in Denver for 92 families earning between 30 percent and 50 percent of the area median income. This $11.5 mil affo...
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JLL Adds John Cunningham to Firm’s Multifamily Investment Sales Group in Phoenix 12/05/11 Jones Lang LaSalle’s Capital Markets group has hired apartment expert John Cunningham to establish and expand the firm’s multifamily investment sales practice in Phoenix and throughout the region. Cunningham joins the firm a...
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Salt Lake City Regional Center Receives $60 Mil in New Senior Financing 12/02/11 PCCP LLC has provided a $69.2 mil senior loan to recapitalize and provide renovation financing for Valley Fair Mall, an 877.2k sf regional mall in Salt Lake City, Utah that is 93 percent occupied. The property is owned by a j...
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Greenlaw Partners Closes $7.5 Mil AZ Office Buy 12/01/11 Newport Beach-based Greenlaw Partners of Newport Beach recently wrapped up a significant Arizona officel buy, having paid $7.5 mil for 2929 Camelback, a 76.3k sf ($98/sf) building at 2929 E. Camelback Rd in Phoenix. The Class...
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BH Properties Looking to Invest $100 Mil in 2012 11/30/11 LA-based BH Properties plans to place $100 mil as part of its 2012 real estate investment strategy. The plans follow a successful year of activity in 2011 that included six property acquisitions and two note purchases totalin...
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Out of State Buyers Scour Market for Discounted Assets in Vegas 11/30/11 Below is a summary of the Fourth Quarter 2011 Marcus & Millichap Apartment Research Market Report for the Las Vegas Metro Area, provided to us by national investment services firm Marcus & Millichap:
A notable recovery of th...
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BlackRidge Real Estate Group Picks Up 140k sf AZ Industrial Facility 11/29/11 BlackRidge Real Estate Group LLC, a Newport Beach-based real estate investment and operating company, recently completed a $7.65 mil acquisition of Normal Junction Distribution Center, a two-building industrial property compr...
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Colorado Retail Center Offered for $28 Mil 11/22/11 Chapel Hills West, a 225k sf power center in Colorado Springs, CO, has been offered for sale. The property, which is anchored by Natural Grocers, Ross Dress For Less, PetSmart, Stein Mart, 24 Hour Fitness and Sports Authority...
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URS Center Wins Denver TOBY Award for Suburban Office Category Ranging from 100k sf to 250k sf 11/17/11 URS Center in Denver was the recipient of the prestigious TOBY® Award (The Outstanding Building of the Year), presented by the Building Owners and Managers Association of Metro Denver (BOMA) in the Suburban Office Category fo...
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