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• Intersection CRE Buys 93k sf Industrial Asset in Gilbert, AZ
5/20/22
San Diego-based Intersection CRE purchased KeyWest Plaza, a 92.8k sf, four-building industrial property in Gilbert, AZ. The deal was financed with a loan for $10.4 mil.
Situated on 5.34 acres at 700-734 North Golden Key St ...
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• Arizona Multifamily Community Gets New Owner in $75 Mil Deal
5/20/22
Sanctuary on Broadway, a 240-unit multifamily community in Tempe, AZ, traded hands in a $75 mil ($312.5k/unit) transaction. The buyer was a private Washington state-based syndicator.
Sanctuary on Broadway, located at 1330 We...
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• TruAmerica Multifamily Buys 230-Unit TX Apartment Complex
5/19/22
TruAmerica Multifamily has acquired Cannon Oaks, a 230-apartment home community located just seven miles from downtown Austin in Texas. Completed in 2003, Cannon Oaks is located at 2302 E. William Cannon Dr. and features a mi...
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• Lotus Company Spends $25 Mil on Colorado Office Asset
5/19/22
Lotus Company paid $25.4 mil for Church Ranch Corporate Center, a 124.5k sf ($204/sf), Class A office asset in Westminster, CO. The four-story, multi-tenant building, located at 10170 Church Ranch Way, along the US-36 / Denve...
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• Seattle Investment Entity Pays $728k/Unit for AZ Townhome Community
5/18/22
Farmer Avenue Lofts, an 18-unit townhome property in Tempe, AZ, was acquired by Blueprint Capital, a Seattle-based real estate investment trust for $13.1 mil ($728k/unit). Built in 2008, Farmer Avenue Lofts is located at 354 ...
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• JAGreen Development LLC to Develop 2 msf Colorado Biz Park after Acquiring 157 Acres in Venture with Raith Capital Partners
5/18/22
JAGreen Development LLC (JAG), in partnership with an affiliate of Raith Capital Partners, has acquired 157 acres of land in Aurora, CO for the development of the AEROS Logistics Center (AEROS), a 2 msf, Class A industrial pa...
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• Arizona Retail Center Goes for $14 Mil
5/17/22
Coldwater Plaza, an 80.6k sf retail center shadow-anchored by Home Depot and Sam’s Club and located in Avondale, AZ, traded for $14 mil, or $174/sf. The property was sold by the original developer, WM Grace Companies, who bui...
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• Vestar and DMB Development to Build Retail Development as Part of Buckeye, AZ Master-Planned Community
5/12/22
Vestar has teamed up with DMB Development, the master developer of Verrado, an 8,800-acre master-planned community, to create a dynamic retail center at the front door of the Verrado community in Buckeye, AZ.
The retail deve...
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• Time Equities Buys Phoenix Biz Park
5/12/22
NY-based Time Equities Inc has purchased Paradise Village Office Park, a 268.5k sf office campus in Phoenix. The property was sold by Sterling Equities and Lincoln Property Company, which had co-owned the property for more th...
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• Recently Completed Colorado Res Community Fetches Just Under $400k/Unit
5/10/22
A brand new, 126-unit Class A apartment community in Longmont (Boulder), CO sold for $50 mil ($396.8k/unit) in a recent sale. The buyer, Cantamar Apartments Associates LLC, plans to rename the community as Alpine Prairie Vill...
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• State-of-the-Art Retail Gun Range Facility Completed in Colorado
5/10/22
Construction has been completed on The Gallery Sportsman’s Club & Range, a new state-of-the-art facility featuring a high-tech shooting range, gear shop, coffee bar, restaurant, and lounge. The Lakewood, Colorado destination,...
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• AZ Creative Office Property Trades for Over $7 Mil
5/10/22
Fiesta Square, a multi-tenant creative-style office complex in Mesa, AZ, was acquired by Newport Beach-based Scriba Waldron Capital for $7.25 mil ($208/SF). The property consists of 35k sf of space within two two-story buildi...
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• MC Companies to Build 156-Unit Res Project in the Tucson Area
5/09/22
MC Companies plans to develop a $39.6 mil, 156-unit Class A multifamily development in the suburbs immediately north of Tucson, AZ, where renter demand continues to outstrip supply. The community, called Arroyo Verde, will be...
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• LPC Desert West Picks Up 140 Acres for Glendale, Arizona Industrial Development
5/05/22
LPC Desert West has purchased 140 acres in Glendale, AZ for development of a 2.3 msf industrial project to be called Luke Field. The land, bordered by Litchfield Rd, Northern Ave, the new Northern Pkwy and Luke Air Force Base...
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• TruAmerica Multifamily Picks Up 310-Unit Texas Apartment Community
5/04/22
TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.
Rancho...
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• Constellation Real Estate Partners and Crow Holdings Capital Pick Up 52 Acres in El Paso, Texas
5/03/22
Constellation Real Estate Partners and a Crow Holdings Capital-advised fund have acquired 52.29 acres of land on Bill Burnett Dr in El Paso, TX for the development of a three-building, 798.5k sf state-of-the-art industrial pr...
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• LDK Ventures to Build 345k sf Industrial Park in Idaho
5/03/22
LDK Ventures plans to build a three-building, 345k sf industrial park in Nampa, ID, approximately 20 miles west of Boise. The project, located at the corner of Madison Rd and E Cash Lane, is being funded with a $37.4 mil seni...
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• Laguna Point Properties Picks Up Over 700 Res Units in Las Vegas
5/03/22
SoCal-based Laguna Point Properties has acquired two apartment communities in Las Vegas totaling 708 units in an off-market transaction worth $129.7 mil ($183k/unit). The properties were sold by an overseas investor.
Topaz a...
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• Tricon Residential Inc and HHS Residential Start Work on166-Unit TX Build-to-Rent Community
5/02/22
Tricon Residential Inc and HHS Residential have broken ground on Hardwick, a high-quality rental community in Saginaw, TX. Hardwick is the second of Tricon’s 13 new, purpose-built, single-family rental home communities in Tex...
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• Tides Equities Closes $37 Mil Multifamily Purchase in Las Vegas
5/02/22
Skyline Parc, a 193-unit, garden-style multifamily property in Las Vegas, has traded hands in a $37.3 mil ($193.3k/unit) transaction. The buyer was Tides Equities LLC.
The property, located at 3675 Cambridge St, was built in...
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