|
• Recently Constructed Phoenix Office Building Sells for $573/sf
8/05/22
Camelback Collective, a recently constructed, 115.8k sf Class A office building in Phoenix, was acquired by Oklahoma City-based Humphreys Capital in a $66.35 mil transaction. The property was over 95% leased at the time of sa...
|
• Phoenix Res High-Rise Traded in $93 Mil Transaction
8/04/22
44 Monroe, a 184-unit, luxury multifamily community in Phoenix, has traded for $93.5 mil ($508k/unit). Built in 2008, the property is located at 44 W. Monroe St, south of I-10 at Central Ave in the heart of the city’s downtow...
|
• DB Capital Management and Equity Partner Thrive FP Acquire 100-Unit Apartment Property in the Salt Lake City Area
8/04/22
DB Capital Management and equity partner Thrive FP have acquired Autumn Glen, a 100-unit apartment community in the Salt Lake City submarket of Taylorsville, UT. It is DB Capital’s fifth purchase in the Salt Lake City MSA ove...
|
• Schnitzer Properties Buys 225k sf Phoenix Industrial Complex
8/01/22
Westech Business Center I & II, a seven-building 225.3k sf light industrial complex in Phoenix, was acquired by Portland, OR-based Schnitzer Properties, formerly Harsch Investment Properties. The property was sold by LBA Logi...
|
• Decron Properties Acquires Phoenix-Area Res Community in $91 Mil Deal
7/29/22
Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 mil, or $421k/unit.
Completed earlier in 2022, The Wyatt offers a mix of one-, two-and t...
|
• EKN Development to Start Work on Dual-Branded Fairfield Inn and TownePlace Suites in Tempe, AZ
7/28/22
EKN Development Group has secured $24.5 mil in construction financing for the development of the dual-branded Fairfield Inn and TownePlace Suites, a 148-key, select-service hotel in Tempe, AZ.
The four-story property will fe...
|
• Haven Realty Capital and Apollo Global Management Affiliate Spend $22.8 Mil on Vegas BTR Project
7/28/22
Haven Realty Capital, in partnership with funds managed by an affiliate of Apollo Global Management Inc, has purchased for $22.8 mil the first phase of a build-to-rent townhome community now under construction in the Las Vega...
|
• IndiCap and Invesco Announce Plans for 1.5 msf Biz Park Project in Glendale, AZ
7/27/22
IndiCap and Invesco have teamed up to develop Virgin Industrial Park, a two-phase, 110-acre Class A development in Glendale, AZ that will total more than 1.5 msf of space in five buildings. The project will bring IndiCap’s lo...
|
• Mesa, AZ Industrial Campus Traded Over Six Months for $208 Mil
7/27/22
An affiliate of Cohen Asset Management has acquired The Landing 3, 4 and 5 (“The Landing”), a brand new Class A industrial development totaling 858.9k sf on over 64 acres along E Ray Rd in Mesa, AZ. The property was sold by ...
|
• KB Investment and Development Company Buys 328-Unit Multifamily Property in Tempe, AZ
7/27/22
KB Investment and Development Company has acquired Skywater at Town Lake, a 328-unit multifamily community located at 601 W. Rio Salado Pkwy in Tempe, AZ. The purchase was financed with a first mortgage of $108 mil provided b...
|
• Vegas Office Building Trades for $387/sf
7/27/22
A 67.1k sf, Class A LEED-certified office property in Las Vegas sold for $26 mil ($387/sf). Located at 9075 W Diablo Dr, the three-story, the multi-tenant building is 97% leased to several notable credit tenants with strong l...
|
• AZ Medical Office Trade Closes at $326/sf
7/25/22
In a recent AZ medical office buy, Evergreen Medical Properties paid $8.8 mil for Plaza Town Center Professional Plaza, a 27k sf ($326/sf) property located at 9139 W Thunderbird Road in Peoria. The property was sold by Garnet...
|
• Gardner Blatt Completes $291 Mil Acquisition of Three-Building Salt Lake City Industrial Portfolio
7/22/22
Gardner Batt has sold the final asset of a three-building, 547.3k sf Class A industrial portfolio comprising three newly constructed industrial/logistics buildings in the Salt Lake City Metro Area. The trio of last-mile facil...
|
• Investment Fund Acquires 70k sf Self-Storage Facility in the Phoenix Area
7/22/22
A fund sponsored by CBRE Investment Management has acquired a 70k sf, self-storage facility located in a northwest suburb of Phoenix. The purchase is part of the fund’s strategy to acquire high-quality self-storage assets acr...
|
• The Opus Group Spends $49 Mil on 316 Acres of Development Land in the Denver Airport Area
7/22/22
The Opus Group acquired 316 acres of undeveloped land between Interstate 70 and Denver International Airport in Aurora, CO for $49.7 mil. Opus, in a joint venture with Principal Real Estate Investors, plans to build a 3.9 msf...
|
• DB Capital Management and Sabal Financial Group Buy 228-Unit TX Multifamily Property
7/21/22
DB Capital Management has partnered with Sabal Financial Group to acquire Villas of Henderson Pass, a 228-unit multifamily community in San Antonio, TX. The property, which was 98% occupied at closing, is DB Capital’s third a...
|
• Schnitzer Properties Buys 163k sf AZ Retail Center
7/20/22
Schnitzer Properties paid $29 mil for Chandler Pavilions, a fully leased, 163.3k sf ($178/sf), high-traffic regional retail center in the Phoenix-area community of Chandler. The property was sold by Evergreen Devco Inc, which...
|
• Vegas Office Building Sells for $23.3 Mil
7/20/22
Marnell Corporate Center 3 (MCC3), a three-story, 71.4k sf office building in Las Vegas, sold for $23.3 mil, or $325/sf. The property was 87% occupied at the time of sale.
The asset was sold by Dornin Investment Group, who o...
|
• Colorado Office Properties Land $196 Mil Financing
7/20/22
Schnitzer West has obtained financing of $196 mil on the Fiddler’s Green Portfolio, consisting of Palazzo Verdi, Fiddler’s Green I and Fiddler’s Green II. The Class A office portfolio totals 748.4k sf and is located within Fi...
|
• BatchService Buys 44k sf Office Building in Tempe, AZ
7/18/22
BatchService spent $8.8 mil on a two-story, 44k sf ($200/sf) office building in Tempe, AZ. The property, located at 4625 S Wendler Dr, was built in 1985 and renovated in 2016.
BatchService is a software company that provides...
|
Return to the Texas/Southwest area
