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• BKM Capital Partners Executes $550 Mil Recapitalization with Kayne Anderson Real Estate for Multi-State Light Industrial Portfolio
12/16/24
BKM Capital Partners completed a $550 mil recapitalization of a nine-property light industrial portfolio with Kayne Anderson Real Estate. This transaction marks the first entry into the light industrial sector for Kayne Ander...
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• New Denver Res Tower from Legacy Partners and Pacific Life Begins Leasing
12/13/24
Leasing has begun at Araceli, a 236-residence, Class A, NGBS Green-Certified Gold residential high-rise in Denver, with the first move-ins slated for March 2025. The new project was developed by Legacy Partners, in a venture ...
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• US ELogistics Service Corp Leases 303k sf Space at Houston Industrial Project
12/12/24
US ELogistics Service Corp agreed to a new lease for 302.8k sf of space at Constellation Post Oak, a newly developed, two-building 424k sf industrial property in Houston, TX. In addition, D&R Signs 45k sf of space at the same...
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• Local Investor Buys 260-Unit Res Community in San Antonio
12/11/24
Augusta Flats, a 260-unit trophy multifamily asset located in downtown San Antonio, TX, was acquired by locally based Lynd. The price was not given out.
Built in 2021, Augusta Flats features a range of studio, one- and two-b...
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• GF Properties Buys 80k sf Industrial Portfolio in Southwest Las Vegas
12/11/24
SoCal-based GF Properties acquired Sunset 215 West, a two-building, 80k sf industrial portfolio in Southwest Las Vegas. The buildings, suited for corporate office and industrial warehouse use, are located at 6475 and 6485 W. ...
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• U-Haul International Buys 549k sf Phoenix Office Tower for $49/sf
12/09/24
U-Haul International, a Phoenix-based moving and self-storage company, has closed on a significant office buy, paying $23.7 mil for 20 East Thomas, a 25-story, 548.9k sf ($43/sf) tower in Phoenix’s Midtown submarket. The buil...
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• Tempe Res Property Purchased by AZ Investor in $18 Mil Deal
12/06/24
A private investor from Arizona purchased Rancho Las Palmas Apartments, a 112-unit multifamily property in Tempe, AZ, for $18 mil ($160.7k/unit). Built in 1986, the property sits on 5.27 acres at 1249 E. Spence Ave, south of ...
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• AHV Communities Buys 330-Unit Multifamily Community in San Antonio
12/06/24
AHV Communities, a San Antonio-based developer and operator of luxury single-family rental communities, acquired The Sterling at Oak Hills, a 330-unit luxury multifamily asset in the South Texas Medical Center (STMC) area of ...
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• Owner/User Picks Up AZ Industrial Property in $15 Mil Purchase
12/06/24
An 87.2k sf industrial building in Gilbert, AZ traded hands in a $15.3 mil ($175/sf) owner/user buy. The property is located at 1150 N Fiesta Blvd, west of Country Club Dr and south of Baseline Rd.
The property’s strategic l...
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• Smaller Office Space Showing Greater Market Resilience than Larger Spaces in Phoenix
12/05/24
This report provided by real estate services firm Cushman & Wakefield
MARKET OBSERVATIONS:
• Over the last four years, small office product between 20k sf – 50k sf has outperformed larger product greater than 50k sf.
• Th...
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• Exchange Investor Pays $290/sf for Las Vegas Industrial Building
12/05/24
A 1031 exchange private investor paid $10.3 mil for El Camino Industrial Center, a 35.4k sf, fully occupied industrial building in Las Vegas. Built in 2023, the building sits on two acres at 6260 W. Pebble Rd.
The property i...
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• Rockefeller Group Signs Three Tenants for 322k sf at New CO Industrial Project
12/04/24
There have been three leases totaling 322k sf of space signed recently at 25 Commerce Park, a three-building, 453.6k sf industrial park in Thornton, CO. Grey Wolf designed the project and Golden Triangle Construction is the g...
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• Construction Started on Vestar’s Verrado Marketplace in Buckeye, AZ
12/04/24
Vestar has broken ground on Verrado Marketplace, a 500k sf shopping center located at the northeast corner of the Interstate 10 Fwy and Verrado Way in Buckeye, AZ. The project is situated at the entrance to DMB Associates' 8,...
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• BAUER Group Signs Two Full Building Tenants at Its NorthStar Industrial Park in Texas
12/03/24
We’ve got two full-building industrial leases totaling 84.3k sf of space to report at NorthStar Industrial Park, a five-building, Class A industrial project in Conroe, TX. The 200k sf project, owned by BAUER Group, sits on 79...
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• Phoenix Commercial Property Trades for $6 Mil in Sale/Leaseback Deal
12/02/24
Wilson Terra Firma Holdings North America Inc acquired a 20.4k sf commercial property in Phoenix’s Sky Harbor International Airport submarket in a $6.1 mil sale-leaseback deal.
The property sits on 1.89 acres at 4107 E. Wins...
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• DivcoWest Awarded 1.8 msf TX Management Assignment
12/02/24
DivcoWest has been selected by a major institutional investor to manage and oversee three marquee commercial properties totaling 1.8 msf in Austin, TX.
The transaction doubles DivcoWest’s portfolio in the Texas capital, mak...
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• Equity Residential Boosts Its Portfolio with 227-Unit Asset in Colorado
11/27/24
Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, CO, was acquired by Equity Residential. The asset was sold by Century Living, the multifamily division of Century Communities, one of the nation’s...
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• Downtown Denver’s Office Rent Growth Rivaled by Few Other North American Tech Hubs
11/27/24
This report provided by CBRE
Denver ranks among the top North American tech markets for office leasing activity this year according to CBRE’s annual Tech-30 report.
Tech companies account for 21.4% of the office space leas...
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• Interstates Leases 93k sf Full Building at Colorado Industrial Campus
11/27/24
Work has wrapped up on a full building, 93k sf tenant improvement project for Interstates, an industrial electrical solutions provider, at Mulberry Connection – the first Class A speculative industrial project to deliver in F...
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• BGO Buys 1 msf State-of-the-Art Distribution Facility in Arizona
11/26/24
Global real estate investment management firm BGO purchased a 1.056 msf, Class A warehouse/distribution building on nearly 60 acres in Buckeye, AZ on behalf of an institutional investor. The single-tenant facility, Paloma Vis...
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