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• Mark IV Capital Acquires 55-Acre Biz Campus Site in Colorado
12/19/23
Mark IV Capital has acquired 55 acres of industrial land within Elevation25 Business Park in Mead, CO. The park, located at 4480 Elevation Dr, has the capacity to support 1 msf of Class A industrial product.
Phase 1 of the ...
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• Denver’s Riverview Building Trades for $129 Mil
12/18/23
TX-based Crescent Real Estate has acquired the Riverview Building, a 202.5k sf office building in Denver, in a transaction worth $129 mil ($637/sf). The five-story building is located at 1700 Platte St, north of Speer Blvd on...
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• Commercial Real Estate Financing Briefs
12/18/23
CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE’s Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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• Construction on Vegas Retail Destination Development Tops Out
12/18/23
Construction has topped out on BLVD, a 400k sf retail destination on the iconic Las Vegas Strip. The project, located at 3743-3759 Las Vegas Blvd, is a development of Gindi Capital, along with partner CHERNG Family Trust.
In...
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• 23k sf El Paso, TX Retail Property Trades
12/14/23
5 Points Plaza Shopping Center, a newly renovated 23.3k sf retail center in El Paso, TX, traded hands. In addition, Morra Mia, a restaurant specializing in Mexican cuisine, has signed a lease at the site, with plans to open i...
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• AZ Flex/Office Building Trades to Private Investor
12/14/23
A 62k sf, freestanding flex office building in Tempe, AZ was acquired by Enzed LLC, a private individual investor. Located at 8140 S Hardy, the building is 100% leased to a single tenant. The seller was a global investment ad...
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• Peckham Inc Leases 136k sf Office Building in Phoenix
12/13/23
Peckham Inc, a non-profit community vocational rehabilitation organization, has inked a lease for all of One Compass Center, a four-story, 136.2k sf Class A office building in Phoenix in a deal we’re told is the largest offic...
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• Two-Tenant Retail Building in Scottsdale Sells for $689/sf
12/12/23
The Shipp Family paid $3.65 mil for a 5.3k sf ($689/sf), two-tenant retail building in Scottsdale, AZ. The property, located at 3748 North Scottsdale Rd in the city’s Old Town area, is known as the Salty’s Building.
Good Lif...
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• New AZ Res Community Trades for $86 Mil
12/11/23
Pillar Communities acquiresd Cuvee, a 310-unit multifamily community in Glendale, AZ, in an $86 mil ($277.4k/unit) transaction. The Class A asset was sold by Fore Property Company.
Built in 2023, the property is located at ...
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• MG Properties Spends $76 Mil for 260-Unit Colorado Res Community
12/08/23
MG Properties has purchased Bear Valley Park Apartments, a 260-unit, garden-style community in Denver, for $76 mil, or $292.3k/unit. The closing marks MGP’s third multifamily acquisition of 2023 in the Denver area.
The three...
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• DIV Industrial to Develop 848k sf Industrial Complex in Goodyear, AZ
12/08/23
DIV Industrial purchased 47.35 acres of land in the city of Goodyear, within Phoenix’s robust industrial market, for the development of Sarival Business Park, a new 848k sf Class A industrial complex. At completion, the moder...
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• Constellation Real Estate Partners and Northwestern Mutual acquire 10 Acres in Grand Prairie, TX for Industrial Project
12/08/23
Constellation Real Estate Partners, in partnership with Northwestern Mutual, has acquired 10 acres of land at 901 E. Avenue K in Grand Prairie, TX for the development of Constellation Commerce 360, a two-building, 200.5k sf s...
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• Affiliate of The Boring Company Buys 1.36-Acre Las Vegas Site for Underground Loop Station
12/08/23
Fairgrounds Drive Retail LLC, an affiliate of HMV Group, sold a 1.36-acre site in Las Vegas for $3.67 mil. The property, located at 3682 S. Valley View Blvd, was acquired by Object Dash LLC, an affiliate of Elon Musk’s The Bo...
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• New Mixed-Use Project for North Las Vegas Lands Financing
12/07/23
A massive ground-up, mixed-use development in North Las Vegas called Hylo Park is underway, bringing a new walkable, master-planned community and dynamic sports village to the city. The 73-acre project is being developed by A...
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• OCC Industrial and Garvey Ventures to Develop 31-Acre Industrial Project in Arvada, CO
12/05/23
OCC Industrial (OCC), a joint venture with Garvey Ventures, has acquired 31.64 acres in Arvada, CO. The property, situated along Hwy 93 and Hwy 72 in Candelas, will be developed into an industrial park to be called Candelas I...
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• SCRAM Systems Leases 25k sf at Colorado Biz Park
12/04/23
SCRAM Systems agreed to a lease for 25k sf of office space at Greenwood Corporate Plaza, a newly updated suburban office park in Greenwood Village, CO. Viking Partners and Bancroft Capital. Terms of the lease were not disclos...
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• DrinkPAK Inks Two Leases for 2.9 msf of Industrial Space in Fort Worth, TX
12/04/23
DrinkPAK, a CA-based canned beverage manufacturer, has closed on two industrial leases totaling 2.9 msf in its expansion to Fort Worth, TX, nearly tripling the company’s real estate footprint. We’re told these leases represen...
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• Xcel Energy-Colorado Leases New Office Building in Denver’s North Arts District
12/01/23
Xcel Energy-Colorado has pre-leased all of T3 RiNo, a new six-story, 220.2k sf office building in Denver’s River North Arts District (RiNo). Xcel Energy will be the largest office tenant in the RiNo submarket upon relocating ...
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• Montana Investment Entity Spends $10.5 Mil on AZ Corp HQ Building
12/01/23
Sewell Trust, a private investor based in Montana, acquired a 50.1k sf single-tenant Class A corporate headquarters building in Prescott, AZ in a $10.5 mil sale/leaseback deal. Built in 2021, the two-story facility was origin...
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• Shopping Center in Northwest Las Vegas Acquired by L.A. Investor
11/30/23
Decatur 215 Plaza, a fully occupied, 126.7k sf shopping center in Northwest Las Vegas, was acquired by a Los Angeles-based private investor in a recent off-market transaction. The purchase was financed with a senior, short-te...
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