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• Legacy Partners and DWS Start Work on AZ Res Development
6/19/25
Legacy Partners and joint venture partner DWS have started construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale, AZ. The project is located north of Loop 101 and east of Scottsdale Rd, at the nor...
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• Medical Outpatient Building Acquired for $44.6 Mil by a Local Investment Firm
6/19/25
Scottsdale Centre, a 163.3k sf medical outpatient building in Scottsdale, was acquired by an AZ-based CRE investment firm in a $44.58 mil ($273/sf) deal. The buyer purchased the property as the upleg in a 1031 exchange.
The ...
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• Local Investor Spends $6.2 Mil on Two Phoenix Office Buildings Totaling 62k sf
6/17/25
Phoenix Enterprises LLC purchased two office buildings totaling roughly 62k sf of space in Phoenix for $6.2 mil, or $100/sf. The acquisition included Paradise Village Office Park I, a two-story, 15.1k sf building located at 1...
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• Pitney Bowes Leases 76k sf at Phoenix Business Campus
6/17/25
Pitney Bowes Inc has agreed to a seven-year lease for 76.2k sf of space at the recently built Converge Logistics Center, a 510.8k sf business campus in Phoenix. Pitney Bowes will occupy a portion of the project’s Building A l...
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• Colorado King Soopers Ground Lease Trade Comes in at $3.6 Mil
6/13/25
A Denver-based private investor closed on the ground lease purchase of a King Soopers fuel center property in Aurora, CO. The property, located at 6482 S. Parker Rd, traded for $3.6 mil.
Built in 2024, the 1k sf building is ...
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• EQT Real Estate Wraps Up $128 Mil Arizona Industrial Buy
6/13/25
EQT Real Estate, a global real estate investment manager, has acquired Sarival Logistics Center, a 1.157 msf industrial project in Litchfield Park, AZ, in a $128.2 mil ($111/sf) transaction. The single-tenant building, locate...
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• Two Recent LA-Area and Tucson Financings Total $17 Mil
6/12/25
Here are a couple of recent financing transactions totaling $17 mil originated by mortgage banking firm Gantry. One of the deals is a refi on an office property in the San Gabriel Valley and the other is a new permanent loan ...
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• NorthPoint Development Buys over 1 msf of Industrial Assets in Las Vegas
6/12/25
NorthPoint Development has acquired Las Vegas Logistics Center, a fully leased Class A industrial portfolio totaling 1.046 msf across three buildings in North Las Vegas. The portfolio includes 3837 Bay Lake Trail, 3717 Bay La...
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• Owner/User Nabs Reno Industrial Facility in $20 Mil Deal
6/11/25
In a northern Nevada industrial deal, a freestanding, 169k sf facility in Reno sold for $20.5 mil, or $121/sf. Located on 6.72 acres at 400 East Parr Blvd, the facility was acquired by an undisclosed owner/occupant in the kit...
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• Apartment Sale in Evans, CO Works Out to $166k/Unit
6/06/25
Two fourplex apartment buildings in Evans, CO were acquired by a private investor in a $1.33 mil transaction. The transaction, which works out to roughly $166k/unit, marks the highest price-per-unit of a multifamily sale in E...
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• Downtown Phoenix Multifamily Portfolio Acquired by Regent Properties for $90 Mil
6/05/25
A three-property multifamily portfolio in Downtown Phoenix, totaling 323 units was acquired by Regent Properties in a $90 mil transaction. The portfolio includes Linear (104 units), iLuminate (111 units) and The McKinley (108...
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• Helix Properties Spends $5 Mil on Phoenix Office Asset
6/05/25
Phoenix-based Helix Properties purchased Black Canyon Center, a three-story, 96.8k sf multi-tenant office building in Phoenix, for $4.98 mil ($51/sf). The property, located at 10835 North 25th Ave, was 22% leased at time of s...
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• Oaktree Capital Management and TruAmerica Multifamily Secure $255 Mil Refi on Four-Property Apartment Portfolio
6/03/25
A four-property multifamily portfolio owned by funds managed by Oaktree Capital Management L.P. and TruAmerica Multifamily was refinanced with a new loan for $255.25 mil. The properties contain a combined 1,324 units and are ...
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• Multi-Tenant Retail Center in Frisco, TX Trades
6/02/25
A local private investor purchased Independence Plaza, a 15k sf, multi-tenant retail property in Frisco, TX. Built in 2018, the property is fully occupied by seven food and service-based tenants.
The property sits on 1.86 a...
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• Constellation Real Estate Partners Starts Work on 287k sf Texas Industrial Facility
5/30/25
Constellation Real Estate Partners has started construction on Constellation Rock Island Logistics Center, a 286.7k sf, Class A industrial building in Grand Prairie, TX. The project, located on 16.8 acres at 4701 W. Rock Isla...
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• DivcoWest Lands Management Assignments for Five Properties Totaling 348k sf of Space
5/30/25
DivcoWest has landed new management assignments for five properties, four in Southern California and one in Austin, TX. The four SoCal properties include Penn Station Studios, Broadway Place, 2308 Broadway, and 1556 20th Stre...
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• Upscale Luxury Office Redevelopment Project in Phoenix is Completed
5/28/25
Work has been completed on Bond, an upscale office redevelopment in the heart of Phoenix’s Camelback Corridor. Located at 3200 E. Camelback Rd, Bond sits on the corner of 32nd St and Camelback Rd. The project is a development...
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• Steel Peak Spends $7.6 Mil on Industrial Outdoor Storage Property in Salt Lake City
5/27/25
Steel Peak has purchased an industrial outdoor storage (IOS) property in Salt Lake City, UT for $7.6 mil. The property is located at 1876 W. Fortune Rd, north of California Ave and east of I-15.
The property consists of two ...
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• Trio of Arizona Industrial Leases Total 143k sf of Space
5/22/25
We’ve got three separate industrial property leases totaling a combined 143k sf of space to report from Phoenix’s East Valley. CBRE’s Mike Parker represented the tenants, Abbot Label Inc, Phoenix Defense Ventures and Owl Vans...
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• Longpoint Partners Closes $36 Mil Industrial Buy in Arizona
5/22/25
Longpoint Partners acquired a 222.4k sf, Class A industrial asset in Tolleson, AZ in a $36.05 mil ($162/sf) transaction. Located at 130 South 83rd Ave, the freestanding single-tenant building is 100% leased to Exel Inc (dba D...
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