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• Commercial Real Estate Financing Briefs
3/08/23
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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• Colorado Grease Monkey Fetches $577/sf
3/07/23
A 5.3k sf, single-tenant property occupied by Grease Monkey in Monument, CO, sold for $3.06 mil, or $577/sf. The property is situated on a 0.43-acre parcel at 213 W. Hwy 105, at the hard corner, signalized intersection of Hwy...
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• Single-Tenant Retail Building in the Fort Collins, CO Area Sells for $275/sf
3/06/23
An investment partnership paid $2.5 mil for a 9.1k sf ($275/sf), fully leased single-tenant retail building in Wellington (Fort Collins), CO.
Built in 2021, the freestanding building is situated on more than one-half acre a...
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• Reno Hotel Portfolio Trades Hands
3/06/23
A portfolio comprising two hospitality assets totaling 229 rooms in Reno traded hands. The assets consist of a 94-key Staybridge Suites hotel and a 135-key Hilton Garden Inn hotel. They are located within one mile of each oth...
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• Event Center Property in San Antonio Goes for Over $5 Mil
3/03/23
Villita Assembly Building, a 24.8k sf event center situated along San Antonio’s River Walk, was acquired by GrayStreet Partners, a local private-equity firm, for $5.3 mil ($214/sf). The property was sold by CPS Energy, San An...
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• Las Vegas Industrial Park Trades for $6 Mil
3/02/23
Windy Road Warehouses, a 19.2k sf, four-building industrial park in Las Vegas, was acquired by a private investor in a recent $5.95 mil transaction. Built in 1988, the property is located at 6460 – 6478 Windy Rd in the highly...
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• Denver-Based Kentro Group Buys 24 Acres in Colorado for Development
3/01/23
Kentro Group, a Denver-based real estate developer, has acquired 24 acres of land on two adjacent parcels in Loveland, CO, purchased in separate transactions. The developer plans to construct a new residential project on the ...
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• The Bascom Group LLC and Artemis Real Estate Partners Buy Active Adult Community in Lakewood, CO
3/01/23
The Bascom Group LLC and Artemis Real Estate Partners have acquired Avenida Lakewood, a 230-unit Active Adult (55+) apartment community in Lakewood, CO. The purchase price was not immediately disclosed.
The Class A property ...
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• Construction Underway at 3.9 msf Industrial Development in Aurora, CO
3/01/23
Construction is underway at Sun Empire, a 3.9 msf industrial development in Aurora, CO, near Denver International Airport. The project is a joint venture between The Opus Group and Principal Real Estate Investors, which toget...
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• Panattoni Entity To Develop 274k sf Distribution Project in Surprise, AZ
2/28/23
A real estate fund advised bv Panattoni plans to construct a brand-new, 274k sf industrial/distribution building in Surprise, AZ. Named Surprise Point, the new fully entitled project will consist of a state-of-the-art industr...
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• Utah Ski Resort/Residence Listed for $50 Mil by Iluminous Group
2/28/23
Iluminus Group is selling a 17.5k sf, five-acre luxury ski-in/ski-out property in Park City, UT. The estate is in the exclusive Colony at White Pine Canyon gated community and is tucked into the mountains at the base of Monit...
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• 2022 Sets Record for Million sf+ Industrial Leases
2/28/23
This report provided by CBRE
Demand for industrial & logistics warehousing space is driving an increase in mega-warehouses, according to a new CBRE report. The largest 100 industrial lease transactions in 2022 included an ...
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• Austin Res Development Funded with $75 Mil Construction Loan
2/27/23
A 182-unit condominium development in the South Lamar section of Austin, TX has landed construction financing of $75 mil. The money was provided by Knighthead Funding LLC.
Situated on an 80.9k sf site at 2323 South Lamar Blv...
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• Las Vegas Land Parcel Sells for $8 Mil
2/24/23
A 5.98-acre land parcel in Las Vegas traded for $8 mil, The site, located at 5095 E. El Campo Ave, is zoned for industrial use and provides easy access to Interstates 15 and 215.
The parcel is Union Pacific Railroad rail ad...
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• Ally Investments Pays $140/sf for Vegas Office Building
2/24/23
California-based Ally Investments Inc paid $15.25 mil for City Centre Place, a 109.2k sf ($140/sf) office building in Downtown Las Vegas. Located at 400 S. Fourth St, City Centre Place is a Class A, six-story, multi-tenant bu...
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• Frito Lay Leases 200k sf Distribution Space in West Jordan, Utah
2/23/23
Frito-Lay, an American subsidiary of PepsiCo, has signed a lease for 199.7k sf of space in West Jordan, UT. Terms of the deal were not disclosed.
The space is at 6900 W 9800 S, near the Northwest Quadrant, one of the most dy...
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• Work Started on Latest Facility at 435-Acre Campus Adjacent to Phoenix-Mesa Gateway Airport
2/23/23
SkyBridge Arizona has broken ground on SkyBridge Building 109, the latest addition to its 435-acre mixed-use project immediately adjacent to the runway at Phoenix-Mesa Gateway Airport in Mesa, AZ.
Building 109 is the first o...
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• Leases by Vartega and Alliant Power Bring Denver Industrial Campus to 54% Leased
2/22/23
Two new tenants – Vartega and Alliant Power -- are joining Pecos Logistics Park, a 1.15 msf, Class A industrial development in Denver. The two new leases bring the project to 54% leased.
Vartega, a recycler of lightweight c...
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• WJM Enterprises Starts Multi-Million Renovation of Phoenix Office Campus
2/22/23
WJM Enterprises LLC is underway on the multi-million-dollar renovation of Lake Biltmore Corporate Center, a two-building lakefront office campus located minutes from the iconic, soon-to-be demolished and redeveloped Metrocent...
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• Work Started on New 123k sf Flex Building for Rinchem Company in Surprise AZ
2/22/23
Graycor Construction Company has begun work on a new, 123.5k sf flex industrial facility in Surprise, AZ for Rinchem Company LLC, the world’s largest network of chemical and gas distribution centers. The new facility will be ...
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