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Colorado Multifamily Comp Comes in at $100k/Unit 8/04/23 In a recent multifamily sales comp out of Colorado, Belmont Heights Apartments, a 36-unit multifamily community located in Pueblo, sold for $3.6 mil ($100k/unit). The City of Pueblo is approximately 45 miles south of Colorado...
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CVG Properties Buys Build-to-Rent Community in Phoenix for $27 Mil 8/04/23 CVG Properties purchased Proximity Baseline, an 80-unit build-to-rent (BTR) property in Phoenix, for $27.2 mil in an off-market deal. The community, located at 1700 East Baseline Rd, was sold by Avenue North.
The detached an...
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Heitman Affiliate Buys 60k sf Medical Office Asset in Utah 8/02/23 An affiliate of Heitman LLC has acquired Mountain Point Medical Center, a 60k sf, Class A medical office building in Lehi, UT, in the Salt Lake City metropolitan area. The asset was sold by an affiliate of The Inland Real Est...
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Stonelake Capital Partners Spends Over $8 Mil on AZ Industrial Building 8/01/23 A 37.6k sf, freestanding industrial building in Tolleson, AZ was acquired by TX-based Stonelake Capital Partners for $8.3 mil ($221/sf). The property, situated on 4.4 acres at 8590 West Jefferson St, is 100% leased to a singl...
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Kingsbury Hospitality REIT I Buys 136-Room AZ Hotel Property 8/01/23 In a recent AZ hotel trade, Kingsbury Hospitality REIT I Inc purchased Cambria Hotel Phoenix Chandler Fashion Center, a 136-key property located at 3165 West Frye Rd in Chandler, for $21.5 mil. Located in the East Valley, pro...
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InTrust Property Group Locks Up $16.6 Mil Refi on Phoenix Res Property 7/31/23 InTrust Property Group has obtained $16.575 mil in financing for Sunset Sound Apartments, a 237-unit, garden-style apartment complex in Phoenix. The property is located at 2307 – 2323 East Van Buren St, just east of I-10.
Bu...
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Colson Group USA Inks Lease for 119k sf at Spec Phoenix Industrial Development 7/28/23 CapRock Partners has completed Phase I of CapRock West 202 Logistics, a new leading-edge speculative industrial development in the Southwest Phoenix submarket. Delivery of the 140-acre phase brings approximately 2.5 msf of Cl...
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Private Investor Snaps Up Vegas Office Building 7/28/23 A private investor purchased an 8.4k sf office building in Las Vegas from Manley Grier Investments for $3.3 mil, or $393/sf.
The one-story building is located at 1100 Grier Ave in the city’s Airport submarket, near Intersta...
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Altus Properties Buys 97k sf Colorado Springs Industrial Building 7/28/23 Altus Properties purchased a 97k sf, Class A industrial manufacturing/distribution building in Colorado Springs, CO. The price was not given out.
Located at 10205 Federal Drive, the single-tenant property is 100% leased and ...
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Theater Property in Mesquite, NV Sells for $4 Mil 7/27/23 Tacoma, WA-based Harts Lake LLC has purchased a six-screen movie theatre fully occupied by Larry H. Miller Megaplex Theatres in Mesquite, NV for $4 mil. Built in 2007, the property is situated on three acres of land at 749 We...
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Texas Medical Property Trades for $1,200/sf 7/26/23 A 5k sf, medical property occupied by Total Point Urgent Care in Dallas, TX was purchased for $6 mil ($1,200/sf) by a Florida-based private investor who was in a 1031 exchange. The property, situated on .8 acres at 3443 West ...
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Newly Built AZ Res Community Refinanced with $53 Mil Loan 7/26/23 P.B. Bell has landed a $53 mil refi loan for Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community in Glendale, AZ. The new financing was provided by PCCP LLC.
Hangar at Thunderbird is located at 153...
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Lucid Private Offices Takes Full Floor at Phoenix Office Building 7/26/23 Texas-based Lucid Private Offices has leased a full floor totaling 26.9k sf at 24th At Camelback II, a Class A office building located along the Camelback Corridor in Phoenix. The trophy asset is owned and was developed by th...
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Phoenix Industrial Building Trades for $23 Mil 7/25/23 An 89.4k sf, freestanding industrial building in Phoenix was acquired by FM INDUSTRIES®, Inc. (FMI), a premier manufacturing solutions provider, for $23 mil ($257/sf). FMI, which operates several other manufacturing facilitie...
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Two-Property School Portfolio in the Phoenix Area Sells for $63 Mil 7/19/23 A six-building, two-property portfolio totaling 233.8k sf of space in Phoenix’ Southeast Valley sold for $63.2 mil in a sale. The two properties are currently home to a well-established charter school in the Southeast Valley....
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Starpoint Properties Set to Begin Work on 245-Unit Multifamily Project in Mesa, AZ 7/19/23 Starpoint Properties has obtained $52 mil in construction financing for Dobson Station, a 245-unit multi-housing development set to deliver in 2024 in Mesa, AZ. JLL’s Jeff Sause, Wyatt Strahan and Elle Miraglia arranged the f...
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Westcore Buys New 900k sf Industrial Asset in Glendale, AZ 7/19/23 Westcore acquired Hatcher Industrial, a newly constructed, 906.1k sf state-of-the-art industrial park in Glendale, AZ. Built on a speculative basis, the two-building Class A project was completed in Q3-2023 and is currently v...
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The Woodmont Company Starts Work on TX Retail Project 7/18/23 The Woodmont Company has started construction on Berkshire Corner, a 12k sf shopping center in north Fort Worth, TX. The center will offer a comprehensive selection of amenities and experiences to meet the evolving needs of t...
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TownePlace Suites by Marriott Hotel in Chandler, AZ Trades Hands 7/17/23 Washington-based Trimark X LLC has purchased a 109-key TownePlace Suites by Marriott hotel asset in Chandler, AZ. The property was sold by Peachtree Group.
Located at 3635 Chandler Blvd, TownePlace Suites by Marriott feature...
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Springer, Steinberg, Giacomini, Burstein and Holycross P.C. Signs Lease for Top Floor of Denver Office Building 7/17/23 The law firm of Springer, Steinberg, Giacomini, Burstein and Holycross P.C. recently inked a 10-year lease for the entire 13.4k sf top floor at 1400 South Colorado Blvd in Denver. Formerly occupied by a single-tenant, the fiv...
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