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• Texas Industrial Property Trades in $10 Mil Sale/Leaseback
9/25/23
A multi-building, 50k sf, industrial/flex property in Midland, TX traded hands in a $10 mil sale/leaseback deal. Built in phases from 2018 to 2022, the property sits on just over 14 acres at 10817 West County Rd 75.
The prop...
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• Phoenix Office Complex Bought by Presson Corp Entity in $72 Mil Transaction
9/22/23
An entity of Presson Corporation has purchased the two-building, 295k sf 3131 and 3133 Camelback office project in Phoenix for $72.1 mil ($244/sf). Located at the southwest corner of 32nd St and Camelback Rd, in the heart of ...
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• AZ Industrial Building Bought by Owner/User in $5.5 Mil Deal
9/21/23
A 23.4k sf industrial building in Gilbert, AZ sold for $5.5 mil, or $235/sf, to a family-owned corporation. With the sale, the building will become the headquarters of Swain Electric, a Gilbert-based electrical contractor. Th...
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• Office Property in Fort Collins, CO Trades for almost $500/sf
9/20/23
A 6.8k sf office building in Fort Collins, CO traded to a Colorado-based limited liability company in a recent $3.2 mil ($471/sf), off-market transaction. The property is located at 2024 E. Harmony Rd.
Built in 2015, 2024 E...
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• Slick City Action Park Leases 34k sf of Space at AZ Retail Center
9/20/23
Slick City Action Park has inked a 10-year lease for 34.4k sf of space at Thunderbird Village, an 85k sf retail center located on the northwest corner of 75th Ave and Thunderbird Rd in Peoria, AZ. Slick City Action Park is an...
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• Perpetual Housing Fund of Utah and Rocky Mountain Homes Fund Buy Salt Lake City Office Tower
9/20/23
The Perpetual Housing Fund of Utah, in partnership with Rocky Mountain Homes Fund, purchased 515 Tower, a 171.2k sf office building at 515 East 100 South in Salt Lake City. The property was sold by Nearon Enterprises, a priva...
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• Hawkeye INVSCO Buys 101k sf Colorado Retail Portfolio
9/19/23
Greenwood Village, CO-based Hawkeye INVSCO acquired a portfolio of three multi-tenant retail centers totaling 101.1k sf in Littleton (Denver), CO. The three properties -- Marketplace at Ken Caryl, Columbine Plaza, and Marina ...
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• Calvera Partners buys 192-Unit Multifamily Property in Forth Worth, TX
9/19/23
Calvera Partners recently acquired Saddlehorn Vista Apartments in Fort Worth, TX. This purchase is Calvera's first acquisition in the Dallas-Fort Worth metro (DFW) and the final acquisition in its third value-add investment f...
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• Arizona Medical Office Complex Sells for $4.6 Mil
9/15/23
Sun West Medical Complex, a 17.5k sf medical office property in the outskirts of Phoenix, was acquired by a private investor in a $4.62 mil ($264/sf) transaction. The property is located at 13920 West Camino Del Sol, just ea...
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• Blue Lake Capital Buys 432-Unit Apartment Complex in Phoenix
9/14/23
Blue Lake Capital has purchased Arcadia Cove, a 432-unit multifamily community in Phoenix. The price was not given out.
Built in 1996, Arcadia Cove features a 24-hour fitness center, a resort-style swimming pool and spa area...
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• Rockefeller Group Picks Up Former Walmart Site in North Las Vegas
9/13/23
Rockefeller Group has purchased a former Walmart Supercenter site in North Las Vegas for the development of two speculative industrial buildings totaling 369.2k sf. The company will develop Craig Road Logistics Center on a 19...
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• TX Hotel Lands $21 Mil Refi
9/13/23
Cotton Court, a 165-room hotel in Lubbock, TX, was refinancing with a new fixed-rate, first mortgage for $21 mil. The financing was arranged by Sonnenblick-Eichner Company and funded by a Wall Street investment bank.
The u...
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• Echo Real Estate Capital Buys 11.6 Acres of AZ Land for Industrial Development
9/12/23
Echo Real Estate Capital Inc acquired a fully entitled, 11.65-acre industrial development site in Surprise AZ for $7.1 mil. The land, located at 132nd Ave and Peoria Ave, will be used to build “Echo Park @ P132”, four new sin...
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• Class A Industrial Facility in Tulsa, OK Trades for $84/sf
9/11/23
Craft Capital LLC purchased a 178.2k sf, Class A industrial building in Tulsa, OK in a $14.9 mil ($84/sf) transaction. The property was sold by Titan Sports and Performance Center LLC.
Built in 2018, the property is located ...
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• Tempe, AZ Apartment Community Refinanced with New Loan for $16.5 Mil
9/11/23
Lakeview at the Bay, a 370-unit, Class B apartment complex in Tempe, AZ, has been refinanced with a new permanent loan for $16.5 mil. Built in 1985, the 34-building complex is located at 995 E. Baseline Rd in Tempe, a Metro P...
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• Henderson, NV Office Campus Trades in $17 Mil Transaction
9/08/23
A joint venture between Los Angeles-based Partners Capital Inc and Las Vegas-based CNR Retail acquired Green Valley Corporate Center South, two Class A office buildings totaling 91.7k sf in Henderson, NV, for $17.250 mil ($18...
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• Industrial Development Site in the Boise Area Trades Hands
9/08/23
A fully entitled 12.71-acre industrial development site in Caldwell (Boise), ID was purchased by an unnamed transportation company. The shovel-ready site is located at Smeed Pkwy and Skyway St, within the Sky Ranch Business P...
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• IDM Companies Obtains $62.6 Mil in Construction Money for Phoenix Res Project
9/06/23
IDM Companies has landed $62.625 mil in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix. The financing was arranged by JLL Capital Markets and funded through a ...
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• Harbor Capital Buys Vacant Texas Industrial Building
9/01/23
Harbor Capital, an Austin-based industrial real estate private equity firm, a vacant 198k sf industrial building located at 10120 Fischer Rd in San Antonio, TX. The property was sold by Becknell Industrial, a national industr...
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• Utah Hotel Portfolio Trades for $8.9 Mil
9/01/23
A 156-key select service hotel portfolio in Cedar City, UT traded for $8.9 mil ($57k/room). The portfolio consists of a 106-room Quality Inn and a 50-room America’s Best Value Inn. Both properties have been well maintained by...
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