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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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