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• Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy
11/17/23
Flexible office space provider Premier Workspaces is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company's ongoing bankruptcy proceed...
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• Two AZ Power Centers Land $88 Mil in Financing
11/16/23
In a recent Phoenix-area financing transaction, a private investor obtained $88 mil for two power centers in the area: Gilbert Gateway Towne Center and Scottsdale Towne Center. The two assets contain a combined 432k sf of spa...
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• Multi-Tenant AZ Office Asset Traded in $26.5 Mil Deal
11/15/23
Scottsdale Northsight, a 138.7k sf, Class A multi-tenant office building in Scottsdale, AZ, was acquired by PREG Scottsdale LLC in a $26.5 mil ($191/sf) transaction. Located at 14350 North 87th St, the three-story building is...
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• Dart Interest Buys 2.3-Acre Development Site in Downtown Salt Lake City
11/15/23
A 2.32-acre site in downtown Salt Lake City was acquired by Dart Interest LLC for approximately $19.66 mil. Comprising two parcels, the site incorporates a parking lot that totals roughly 1.03 acres and a vacant data center c...
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• Westcore Spends $82 Mil on Reno Distribution Facility
11/14/23
Westcore acquired a 632.1k sf distribution center in the Tahoe-Reno Industrial Center (TRIC) for $82.5 mil ($130/sf). The modern, cross-loaded distribution center, located at 700 Milan Dr in Reno, includes more than 200 trail...
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• Phoenix Medical Office Campus Trades
11/14/23
Paradise Valley Professional Campus, a nine-building, 56.3k sf medical office campus in Phoenix, traded hands. The property, located at 16620 North 40th St, features nine standalone one-story medical offices on 5.62 acres.
...
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• Whole Foods Signs Deal for New 137k sf Distribution Facility in Colorado
11/13/23
Whole Foods Market has inked a build-to-suit deal for a 137k sf distribution facility at HighPoint Elevated, a Class A industrial park currently under construction near Denver International Airport in Aurora, CO. The industr...
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• Hines and MBK Rental Living Get Started on Luxury Res Community in Colorado Springs, CO
11/10/23
Hines and MBK Rental Living plan to develop a Class A, for-rent residential community in the Briargate neighborhood of Colorado Springs, CO. The project, Retreat at Mountainside, will be comprised of 284 residences across mul...
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• I-40 TradePort Corridor Awarded $974k to Develop Network of Clean Energy Logistics Hubs on the West Coast
11/10/23
The U.S. Department of Transportation has awarded $974k to the I-40 TradePort Corridor, an 805-mile, multi-state coalition to develop a network of clean energy logistics hubs as an integral part of the nation’s supply chain s...
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• Demolition of The Yardstick Site Presents Prime Redevelopment Opportunity in Downtown Salt Lake City
11/09/23
Demolition has begun at The Yardstick property in downtown Salt Lake City, UT. The site, covering 0.6 acres at 50-52 East 300 South, in the heart of the city’s central business district, is being offered as a new 60-year grou...
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• Crosse Partners Spends $10.9 Mil on Colorado Industrial Park
11/08/23
Crosse Partners purchased Moncrieff Business Center, a 101.4k sf warehouse distribution center in Aurora, CO for $10.9 mil, or $107/sf. The asset was sold by an affiliate of Zurich Alternative Asset Management.
Located at 14...
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• MG Properties Wraps up $95 Mil Denver Multifamily Buy
11/06/23
MG Properties recently acquired 4400 Syracuse Apartments, a newly built, 316-unit luxury midrise community located in one of Denver’s most desirable, dynamic, and growing submarkets, in a $95 mil ($300k/unit) transaction.
Th...
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• CentrePoint Properties Buys 99k sf CO Biz Park
11/03/23
CentrePoint Properties, a Denver-based commercial real estate investment firm, paid $16.65 mil for two industrial parks totaling 98.6k sf ($169/sf) across four buildings in Longmont, CO.
The properties are located at 1501-15...
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• 2.2 msf Texas Mixed-Use Campus Trades Hands
11/02/23
CityLine, a 2.2 msf mixed-use property comprised of four purpose-built office buildings in Richardson, TX, traded hands. The property, occupied by State Farm, includes 120k sf of retail space and a 42k sf medical office build...
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• Parklane Development Group and Miramar Industrial Partners Complete Work on 1.2 msf AZ Logistics Project
10/31/23
Parklane Development Group and Miramar Industrial Partners have completed work on Southern Industrial Center, an award-winning, 1.2 msf, speculative Class A industrial project located at the southeast corner of Southern Ave a...
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• Phoenix Industrial Asset Lands New Owner in $7.2 Mil Trade
10/31/23
A 28.5k sf industrial complex in Phoenix was acquired by The Sacket Family Trust for $7.2 mil ($253/sf) in a recent transaction. The property was sold by Stos Partners, who acquired the asset in March 2022 for $4.5 mil.
The ...
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• Dominium Finishes One Phoenix Housing Project While Breaking Ground on Two Others
10/30/23
Dominium has been busy with three housing projects in Phoenix. The firm held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family ...
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• Milhaus and Banyan Residential to Build 320-Unit Phoenix Multifamily Project
10/30/23
Milhaus and Banyan Residential are set to move forward with a new 320-unit residential development in Phoenix. The project, Alanna, will be built with design-assist construction services from McShane Construction Company.
Lo...
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• Scottsdale Office Campus Being Redeveloped into a Destination Workplace
10/30/23
Vero Capital is re-branding and redeveloping Kierland I & II, a two-building office campus totaling 410k sf in Scottsdale. The construction work is planned for completion in third quarter 2024.
Reimagined as Inisio at Kierla...
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• ViaWest Group Breaks Ground on Final Phase of AZ Industrial Development
10/27/23
ViaWest Group has broken ground on the final phase of the firm’s Goodyear Crossing Industrial Park, a Class A industrial development located at the southwest corner of Sarival Ave and West Elwood St, just southwest of Phoenix...
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