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• AZ Investor Stands Behind Shadow Tree
4/13/12
Shadow Tree, a 148-unit apartment property located at 2606 North 44th St in Phoenix, sold for $5.25 mil, or $35.5k/unit. Built in 1979, Shadow Tree features a mix of four studio, 112 one-bedroom, and 32 two-bedroom units. The...
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• Cantor Fitzgerald Acquires Stake in El Media
4/12/12
Cantor Fitzgerald, L.P. has purchased a stake in EL Media and all of its subsidiary media entities (EL Media) for an undisclosed sum. The transaction follows last year’s venture that EL Media entered with a division of Panaso...
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• Glendale, AZ Building Trades Hands in $4.3 Mil Deal
4/06/12
ViaWest Group has sold a 19.8k sf free-standing office/industrial building in Glendale, AZ recently developed for Boart Longyear for $4.29 mil ($217/sf). The buyer was an entity formed by Ron Kaufman of The Ron Kaufman Compan...
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• Tucson Apartment Community Sells for $23 Mil
4/05/12
Bear Canyon Apartments, a 238-unit multifamily community located at 9055 E. Catalina Hwy in Tucson, AZ, recently traded hands at a price of $23.2 mil. The transaction works out to a cost of about $97.5k/unit and a cap rate of...
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• Salt Lake City Office Tower Racking Up the Awards
3/29/12
It’s been a year of considerable positive recognition for 170 South Main, a 28-year-old building in downtown Salt Lake City, which has been awarded the Leadership in Energy and Environmental Design (LEED) for Existing Buildin...
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• San Diego Investor Acquires Over 300 Acres in Mesa, AZ
3/27/12
Buckeye Casa Grande L.P., a San Diego-based limited partnership, purchased 309 acres of land in Mesa, AZ for just over $9 mil. The land is situated at the southeast corner of Pecos and Ellsworth Roads, just south of the Willi...
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• Morrison Street Capital Closes Three Separate Preferred Equity Investments
3/23/12
Morrison Street Capital recently closed three separate preferred equity investments in existing multi-family properties, two of which are located in Denver, CO and one in Tempe, AZ. These three transactions total $5.66 mil of...
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• Westport Capital Partners Closes $16.5 Mil AZ Office Buy
3/22/12
El Segundo-based Westport Capital Partners LLC has purchased Camelback Arboleda, a 179.8k sf, multi-tenant office building in Phoenix, for $16.6 mil, or $92/sf. The building is located at 16th St and Camelback Rd, in the hear...
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• Albuquerque Apartment Community Receives $14 Mil Refi
3/22/12
Walker & Dunlop LLC provided $13.92 mil in financing for Ventana Ranch, a garden-style residential apartment community located in Albuquerque, NM. Built in 2005, Ventana Ranch is a 288-unit apartment development situated on o...
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• New Uptown Alley Recreation Venue is a Surprise Development
3/20/12
Uptown Alley LLC has acquired a 60k sf stand-alone retail building located within the Boulevard at Surprise Pointe lifestyle center in Surprise, AZ for a family entertainment and recreation venue called Uptown Alley. The p...
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• Walker & Dunlop Provides $11.8 Mil on Colorado Multifamily Refi
3/19/12
Walker & Dunlop provided $11.775 mil in financing for Grandview Meadows, a garden-style residential apartment community located in Longmont, CO. The refinance loan was structured with a 10-year term with three years interest ...
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• Bascom Finances Latest Co Apartment Buy with $25 Mil
3/16/12
In a sizable Colorado multifamily financing deal, Mesa West Capital has provided The Bascom Group with $25.25 mil in first mortgage debt for the acquisition of Hyland Park Centre, a 492-unit apartment community near Denver.
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• Dick’s Sporting Goods to Open New Stores in Two Utah Retail Centers
3/15/12
Dick's Sporting Goods will open stores at two Utah shopping centers owned by DDR. The new Dick's Sporting Goods locations will replace former F.Y.E. stores and result in higher and longer-term contracted rents. At the same ti...
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• Two Walgreens Stores Trade in Deals Totaling $13 Mil
3/14/12
Two single-tenant Walgreens stores – one in Downey and the other in Tucson – recently sold in separate deals with a combined value of more than $13 mil.
In the Downey transaction, a 12.2k sf freestanding building (with drive...
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• Phoenix Commercial Advisors Awarded Leasing for 1.3 msf Metrocenter
3/12/12
New York-based Carlyle Development Group named a new leasing and management team for the firm’s recently acquired Metrocenter, a shopping, dining and entertainment landmark in Phoenix, Ariz.
This team includes the addition o...
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• MG Properties Closes $27 Mil Reno Multifamily Buy
3/08/12
San Diego-based MG Properties Group has acquired Manzanita Gate Apartments, a 324-unit multifamily property in Reno, NV, for $27 mil ($83.3k/unit). Built in 1997, Manzanita Gate is located at 2475 Robb Dr in the foothills of ...
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• Avison Young Opens New Office in Reno
3/07/12
Avison Young, Canada’s largest independently-owned commercial real estate services company, has opened a new office in Reno, Nevada. This office marks Avison Young’s 10th location outside of Canada, the company’s second Nevad...
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• Pathfinder Venture Acquires 96-Unit Phoenix Multifamily Asset
3/02/12
Pathfinder Partners LLC has acquired, in a venture with Phoenix-based Ryan Hartman, Academy Apartments, a 96-unit, four-building multifamily property situated in Phoenix’ uptown neighborhood, for $4.075 mil. Pathfinder is a S...
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• Denver Apt Vacancies Expected to Drop to Lowest Level Since 2000
2/24/12
Expansion in Denver’s high-tech and energy sectors, along with growth in professional and business services, will support job creation sufficient to offset a three-fold increase in completions. As a result, apartment vacancy ...
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• Karlin Lands $41 Mil in New Financing on AZ and OR Retail Centers
2/16/12
Karlin Real Estate has obtained a new $41.2 mil first mortgage loan cross-collateralized by retail properties in Scottsdale, AZ and Portland, OR. The money was provided by Mesa West Capital.
The Scottsdale asset consists of ...
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