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• Exchange Investor Pays $290/sf for Las Vegas Industrial Building
12/05/24
A 1031 exchange private investor paid $10.3 mil for El Camino Industrial Center, a 35.4k sf, fully occupied industrial building in Las Vegas. Built in 2023, the building sits on two acres at 6260 W. Pebble Rd.
The property i...
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• Rockefeller Group Signs Three Tenants for 322k sf at New CO Industrial Project
12/04/24
There have been three leases totaling 322k sf of space signed recently at 25 Commerce Park, a three-building, 453.6k sf industrial park in Thornton, CO. Grey Wolf designed the project and Golden Triangle Construction is the g...
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• Construction Started on Vestar’s Verrado Marketplace in Buckeye, AZ
12/04/24
Vestar has broken ground on Verrado Marketplace, a 500k sf shopping center located at the northeast corner of the Interstate 10 Fwy and Verrado Way in Buckeye, AZ. The project is situated at the entrance to DMB Associates' 8,...
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• BAUER Group Signs Two Full Building Tenants at Its NorthStar Industrial Park in Texas
12/03/24
We’ve got two full-building industrial leases totaling 84.3k sf of space to report at NorthStar Industrial Park, a five-building, Class A industrial project in Conroe, TX. The 200k sf project, owned by BAUER Group, sits on 79...
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• Phoenix Commercial Property Trades for $6 Mil in Sale/Leaseback Deal
12/02/24
Wilson Terra Firma Holdings North America Inc acquired a 20.4k sf commercial property in Phoenix’s Sky Harbor International Airport submarket in a $6.1 mil sale-leaseback deal.
The property sits on 1.89 acres at 4107 E. Wins...
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• DivcoWest Awarded 1.8 msf TX Management Assignment
12/02/24
DivcoWest has been selected by a major institutional investor to manage and oversee three marquee commercial properties totaling 1.8 msf in Austin, TX.
The transaction doubles DivcoWest’s portfolio in the Texas capital, mak...
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• Equity Residential Boosts Its Portfolio with 227-Unit Asset in Colorado
11/27/24
Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, CO, was acquired by Equity Residential. The asset was sold by Century Living, the multifamily division of Century Communities, one of the nation’s...
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• Downtown Denver’s Office Rent Growth Rivaled by Few Other North American Tech Hubs
11/27/24
This report provided by CBRE
Denver ranks among the top North American tech markets for office leasing activity this year according to CBRE’s annual Tech-30 report.
Tech companies account for 21.4% of the office space leas...
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• Interstates Leases 93k sf Full Building at Colorado Industrial Campus
11/27/24
Work has wrapped up on a full building, 93k sf tenant improvement project for Interstates, an industrial electrical solutions provider, at Mulberry Connection – the first Class A speculative industrial project to deliver in F...
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• BGO Buys 1 msf State-of-the-Art Distribution Facility in Arizona
11/26/24
Global real estate investment management firm BGO purchased a 1.056 msf, Class A warehouse/distribution building on nearly 60 acres in Buckeye, AZ on behalf of an institutional investor. The single-tenant facility, Paloma Vis...
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• Four Properties in Vegas’ Fremont East District Sold in Deals Totaling Near $8.5 Mil
11/25/24
Four properties in the Fremont East District of downtown Las Vegas sold for a total of $8.45 mil. The properties are part of the Estate of Tony Hsieh, a late American internet entrepreneur, Zappos.com CEO, and venture capital...
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• SKB and Arc Capital Partners Spend $19 Mil on Two AZ Industrial Facilities
11/25/24
A joint venture between Portland-based SKB and Los Angeles-based Arc Capital Partners acquired two advanced manufacturing buildings totaling 194k sf in Gilbert, AZ for $19.05 mil ($98/sf).
The freestanding buildings, locate...
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• Okland Capital Starts Work on 68k sf AZ Medical Office Project
11/22/24
Okland Capital has broken ground on Celebration Medical Center, a new 68k sf Class A medical office development in Gilbert, AZ.
The three-story state-of-the-art project is located at 3275 South Mercy Rd. Gilbert’s ongoing po...
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• Gateway Classic Cars Inks Lease for 44k sf at New Caliber Industrial Project in Peoria, AZ
11/22/24
Gateway Classic Cars is the first tenant to sign a lease at Caliber, a three-building, 411.9k sf Class A industrial development in Peoria, AZ. The project is a development of Greystar.
Under the lease, Gateway Classic Cars o...
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• Bendetti Purchases Two TX Industrial Assets Totaling 114k sf
11/21/24
Bendetti has acquired a two-property industrial portfolio totaling 114.4k sf in Arlington, TX. The portfolio is strategically positioned in within the Dallas-Fort Worth industrial submarket, an infill location with significa...
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• Phoenix Medical Office Vacancy Rises Slightly as Sector Sees Second Consecutive Quarter of Negative Net Absorption
11/20/24
This report was provided by real estate services firm Kidder Mathews
Market Highlights
• Total medical office inventory: 17.1 msf
• Medical office space leased in 3Q24: 207.5k sf
• 3Q24 sales volume: $115.1 mil
Leasing A...
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• INDUS Realty Trust Buys 393k sf Distribution Facility in Phoenix’s Airport Submarket
11/20/24
Phoenix Airport Logistics, a 393.5k sf, Class A warehouse/distribution building in Phoenix’s sought-after Airport submarket, was acquired by INDUS Realty Trust Inc, a U.S.-based logistics real estate business. Located at 333...
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• Owner/User Buys 12k sf Commercial Property in Central Phoenix
11/20/24
A three-building, 12.4k sf commercial property in central Phoenix traded for $1.99 mil ($160/sf) in an all-cash deal. The high-visibility property is located at 1815 – 1827 E. Indian School Rd along a bustling main street th...
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• High Street Residential Starts Work on 419-Unit AZ Res Development
11/19/24
High Street Residential has broken ground on a three-story, 419-unit Class A multifamily community in Hawes Crossing, a 1,100-acre master-planned community in Mesa, AZ. The project is expected to open in the summer of 2026.
...
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• AvalonBay Communities Picks Up 126-Unit TX Multifamily Property
11/18/24
AvalonBay Communities closed on a notable Texas res buy, acquiring Brisa Townhomes, a 126-unit townhome community located at 4810 Brisa Way in Bee Cave, just west of Austin. The community has been renamed Avalon Townhomes at ...
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