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• Two Newly Constructed Buildings Totaling 249k sf Trade at AZ Biz Park
7/18/22
A Chicago-based institutional investor purchased two buildings totaling 249k sf at Lotus Project – Phase II, a newly built industrial park in Chandler, AZ. They were sold by Conor Commercial Real Estate.
At the time of sale,...
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• CBRE Opens Full Floor WorkPlace360 Office at Vegas Mixed-Use Development
7/15/22
CBRE has opened its new 19k sf, full floor office at UnCommons, a 40-acre mixed-use in Las Vegas developed by Matter Real Estate Group. The new space, located at 8548 Rozita Lee Ave, was constructed with WELL certification st...
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• Hines Buys 24-Story Office Tower in Salt Lake City’s CBD
7/14/22
Hines purchased South Temple Tower, a 217k sf value-add office building located in the vibrant North End of Salt Lake City’s CBD, in an off-market transaction. Hines plans to transform the office property into a 255-unit luxu...
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• Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
7/12/22
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
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• ViaWest Group to Start Work on 134k sf Denver Industrial Facility
7/11/22
Phoenix-based ViaWest Group is making its first market entry into Denver with plans to construct a 134.4k sf industrial facility just north of downtown. The freestanding, Class A industrial building, Downtown Distribution Cen...
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• $40 Mil Vegas Res Trade Works Out to $227k/Unit
7/08/22
In a recent Vegas res buy, Tide Equities paid $40 mil for Las Brisas de Cheyenne, a 176-unit ($227.3k/unit) multifamily community located at 3985 E Cheyenne Ave. The property was sold by Epic Investments.
Located in Las Vega...
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• BKM Capital Partners Closes $38 Mil AZ Industrial Buy
7/08/22
BKM Capital Partners acquired Mesa Ridge Business Park, a seven-building, 153k sf light industrial park in Mesa, AZ for $38.35 mil ($251/sf). The seller was Mesa Ridge Business Park I LLC, a company formed by Randall Investme...
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• Inland Empire Last Mile Facility Trades in $102 Mil Transaction
7/07/22
In a recent Inland Empire industrial investment sale, A 344.4k sf, LEED Silver-certified last-mile, robotics distribution facility traded for $102 mil, or $296/sf. The NNN-leased facility sits on 17.34 acres at 18025 Slover A...
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• SWC Development Partners Starts Work on 136k sf Distribution Facility in Surprise, AZ
7/07/22
SWC Development Partners broke ground yesterday on its second building within Skyway Business Park in Surprise, AZ. The 135.9k sf warehouse/distribution facility is located at 11701 North 132nd Ave.
The facility will include...
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• Edgewood Real Estate Investment Trust Pays $85 Mil for Office Properties in Scottsdale, AZ
7/07/22
North Dakota-based Edgewood Real Estate Investment Trust acquired two office properties in Scottsdale, AZ totaling 269k sf for $85 mil ($316/sf). The properties were sold by Wentworth Property Company and Northwood Investors....
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• Vegas Retail Sale Consists of Two Properties Totaling 18k sf
7/06/22
A retail portfolio comprising two retail assets totaling 17.9k sf of space in Las Vegas traded in a recent deal worth $7.9 mil ($441/sf).
The portfolio includes Flamingo Jones Plaza, a 10.7k sf six-tenant retail pad located...
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• Legacy Partners Starts Work on 236-Unit Denver Res Project
7/06/22
Legacy Partners has broken ground on Araceli, a 236-unit apartment community in Denver. The project, which offers one- to three-bedroom-plus-den units feature built-in desks and workspaces to accommodate the new hybrid work m...
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• Montecito Medical Buys Medical Office Property in the Dallas Area
7/05/22
Montecito Medical recently acquired a 7.2k sf medical office property in The Colony, an affluent, lakeside suburb approximately 20 miles northwest of downtown Dallas. The building, which opened in 2021, is, 100% occupied by T...
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• Florida Company Buys 141k sf Idaho Logistics Facility
7/01/22
A brand new, Class A warehouse/distribution building totaling 141.4k sf on just over 30 acres in Meridian (Boise), Idaho was acquired by Tampa FL-based Carter Exchange, a Carter Funds company. The newly constructed logistics ...
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• Scottsdale, AZ Office Trade Works Out to $260/sf
7/01/22
Gainey Ranch Town Center I & II, two Class A office buildings totaling 126.5k sf in the upscale Gainey Ranch trade area of Scottsdale, AZ, sold for $33 mil ($260/sf). The assets were sold by Gainey Ranch Town Properties Inc.
...
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• Gen II Fund Services Leases 73k sf of Office Space in Denver
6/30/22
Gen II Fund Services LLC, a leading independent private capital fund administrator, has agreed to a multi-floor lease for 72.9k sf of space at Belleview Station, a 384.7k sf Class A office and ground-floor retail project in D...
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• California Investor Buys Arizona Retail Center in $3 Mil Deal
6/29/22
Fletcher Heights Plaza, a 15.4k sf, multi-tenant retail property in Peoria, AZ, sold for $3 mil ($195/sf). The property, located at 8267-8279 W Lake Pkwy, is a part of a larger project that includes two additional strip cente...
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• DB Capital Management Buys 149-Unit Multifamily Property in the Denver Area
6/29/22
DB Capital Management has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community in Aurora, for $24.55 mil ($165k/unit).
Completed i...
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• Stockbridge Buys Fully Leased AZ Single-Tenant Industrial Facility
6/28/22
In a notable AZ industrial acquisition, Stockbridge purchased a recently built, 147.4k sf Class A warehouse/distribution building on 28.6 acres in Mesa, AZ. Located at 3115 N Higley Rd, the single-tenant logistics building w...
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• LPC Desert West to Build 1 msf Industrial Development Near Tucson International Airport
6/27/22
LPC Desert West plans to develop I-10 International, a Class A industrial development totaling over 1 msf in the Tucson, AZ airport submarket. LPC acquired the land, 77 acres just minutes from both Interstate 10 and Tucson In...
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