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• SB Real Estate Partners Acquires 387-Unit Res Rental Community in Phoenix
6/08/22
SB Real Estate Partners (“SBREP”) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, for $91 mil ($235k/unit). The property will be rebranded as Portola North Phoenix.
Built in 1980, the...
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• Link Senior Development and The Roxborough Group Buy 300-Unit Independent and Assisted Living Facility Phoenix
6/07/22
Link Senior Development and The Roxborough Group LLC acquired Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix. The price was not given out.
The 15.3-acre ca...
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• Premier Workspaces Celebrates 20 Years of Business and Growth
6/06/22
Premier Workspaces, one of the largest privately-owned executive suites, coworking, and shared workspace companies in the United States, is celebrating its 20th anniversary. Premier Workspaces was founded in 2002 in Irvine, C...
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• Austin Res Community Picked Up by Vista Investment Group
6/03/22
Vista Investment Group has acquired SoCo Apartments, a 122-unit multifamily community located in Austin, TX.
Built in 2004, SoCo Apartments offers a mix of one-, two- and three-bedroom units housed in 16 two-story residenti...
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• TA Realty Buys 35k sf Industrial Asset in Phoenix’ Deer Valley Submarket
6/03/22
Boston-based TA Realty picked up a 34.8k sf, NNN-leased industrial building situated on a 4.2-acre land parcel in Phoenix’ Deer Valley submarket in a $7.25 mil ($208/sf) transaction. The asset was sold by a private investor o...
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• KB Development Adds 280-Unit Phoenix Apartment Asset to Its Portfolio
6/03/22
KB Investment Development purchased Green Leaf Arts District, a 280-unit apartment property in Phoenix. The price was not disclosed.
Located at 222 E McDowell Rd, the 2017-completed property sits in Phoenix’s central busines...
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• NY-Based Investor Pays $117/sf for CO Retail Center
6/03/22
A New York City-based investor spent $12.15 mil for Erindale Square, a 103.6k sf ($117/sf), open-air retail center located at 5881-5975 North Academy Blvd in Colorado Springs. The 29-unit retail center sits on a 6.93-acre par...
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• Laguna Point Properties Picks Up Largest Res Community in Vegas for $126 Mil
6/02/22
Laguna Point Properties has acquired The Harmon at 370, the largest a 996-unit multifamily community in Las Vegas, in an off-market transaction valued at $126 mil ($126.5k/unit). The seller was 3D Investments. We’re told thi...
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• Southeast Valley Site in Phoenix Acquired for New Car Wash Development
6/01/22
A 2.5-acre lot at the corner of Hunt Hwy and Ellsworth in Phoenix’ Southeast Valley traded for $2.095 mil. The land was purchased by Cobblestone Phoenix Propco LLC, who will use it for development of a brand-new Cobblestone A...
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• Brixton Capital Buys 300-Unit TX Multifamily Community
6/01/22
Brixton Capital has purchased the Royalton at Sunfield, a 300-unit apartment community located at 2825 Main St in Buda, TX, immediately south of Downtown Austin. The price was not disclosed price.
Built in 2021, the 276k sf ...
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• Phoenix Medical Office Building Sells for $244/sf
6/01/22
Cleveland, OH-based Woodside Health Development acquired Optum Center, a five-story, 81.9k sf ($244/sf) Class A multi-tenant office and medical building in Phoenix, for $20 mil. It was sold by Talia Jevan Properties, Inc. of ...
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• Colorado Office Building Sells for Just Over $100/sf
5/31/22
A Louisiana-based private investor paid $3 mil for a 28.5k sf ($105/sf), Class B, multi-tenant office building in Arvada, CO. The building, located at 6850 West 52nd Ave, was sold by a private investor based in Washington.
T...
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• DB Capital Management Closes 142-Unit Res Purchase in the Denver Area
5/31/22
DB Capital Management has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 mil, or $267.6k/unit.
Built in 1979, Cleo features large one- and two-bedroom floor plans on a low...
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• Thrive Aviation Leases 17k sf of Office Space in Henderson, NV
5/31/22
Thrive Aviation, a private aviation company headquartered in Las Vegas, inked a lease for 17.2k sf at Green Valley Corporate Center South, a professional office campus located at 2500 Paseo Verde Parkway in Henderson, NV. Thr...
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• Rebranded Tower 300 Bringing New Look to Downtown Las Vegas
5/27/22
Tower 300, the former Bank of America building at 300 South Fourth Street in Las Vegas, is a downtown landmark in the city. Originally built in 1975, the 17-story tower reigned as the area’s iconic center of commerce, law, an...
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• Multi-Tenant Retail Property in Phoenix Sells for Just Under $200/sf
5/27/22
Plaza 59, a 32.1k sf multi-tenant shopping center in Phoenix, was acquired by a private investor for $6.25 mil ($195/sf) in an off-market transaction. The seller was a Scottsdale-based private investor.
At the time of sale, ...
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• Renovated Cold Storage Building in Boise, ID Sells for $227/sf
5/26/22
A newly renovated 78k sf, industrial/flex/cold storage building situated on over three acres in the city of Boise, ID traded for $17.75 mil, or $227.50/sf. Located at 11193 Emerald St, the property was fully leased to four te...
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• Colorado Cold Storage Building Sells for Nearly $200/sf
5/24/22
A 31.6k sf, warehouse cold storage building on roughly four acres in Loveland, CO traded for nearly $6 mil ($190/sf). The buyer, WS Properties Loveland LLC, plans to convert the property from currently a single-tenant facilit...
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• Colorado Multifamily Community Lands New Financing of $58 Mil
5/24/22
The Bluffs at Castle Rock, a 220-unit, garden-style multifamily community in Castle Rock, CO, is being renovated and recapitalized, thanks to a new $58.2 mil senior loan. The funding is being provided to the joint venture own...
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• Apartment Community in Central Phoenix Sells for Over $26 Mil
5/23/22
The Willow, an 86-unit multifamily property in Central Phoenix, was purchased by in-state investment group for $26.7 mil, or $310.5k/unit. The property is located at 6315 North 16th St, near the Camelback Corridor, with an ab...
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