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• Portfolio of Six Gas Stations in Las Vegas and Phoenix Fetches $39 Mil
6/21/24
LV Petroleum LLC has sold a portfolio of six gas station properties in the Phoenix and Las Vegas metros to separate buyers in deals totaling $39 mil. The seller will lease-back all of the properties with 20-year, absolute tri...
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• Colorado Springs Multifamily Trade Comps at $146k/Unit
6/20/24
Cottonwood Creek Apartments, a 24-unit apartment community in Northeast Colorado Springs, CO, traded hands in a recent $3.5 mil ($145.8k/unit) deal. Located at 1419-1431 Imperial Rd, the 18k sf garden apartment community is d...
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• Bob Mills Furniture Leases 114k sf TX Facility
6/20/24
Oklahoma-based retailer Bob Mills Furniture has signed a new, long-term lease for a 114.4k sf facility at Schertz Corporate Center in Schertz, TX. The property, located at 17975 IH-35 N, will serve as a both a distribution wa...
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• Texas TXB Store Property Sells for $1,400/sf
6/19/24
A Virginia-based 1031 exchange buyer paid $9.11 mil for a 6.5k sf ($1,400/sf), newly developed convenience store property in Texas occupied by TXB. The property was sold by a Southeastern U.S.-based private developer.
Situat...
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• Denver-Boulder Ranks in Top 25 US Markets Across Three Subsectors of Life Sciences Industry Talent
6/18/24
This report provided by real estate services firm CBRE
Denver-Boulder ranks in the top 25 markets for life sciences talent in all three industry segments measured in CBRE’s annual U.S. Life Sciences Talent Trends report. The...
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• Millburn & Company Buys 220-Unit AZ Multifamily Property
6/18/24
Landing at Fiesta Village, a 220-unit apartment property in Mesa, AZ, was acquired by. The asset was sold by a venture between Boston-based real estate private equity firm Rockpoint and P.B. Bell.
The Landing at Fiesta Villa...
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• Recently Built CO Res Community Refinanced with $34 Mil Loan
6/18/24
The Prime Company (“TPC”) has refinanced Oxford Vista, a recently built, 146-unit Class A multifamily property in the Denver suburb of Englewood, CO, with a new loan for $34 mil. The 30-month, floating-rate loan was provided ...
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• AZ Biz Park Trades in $33 Mil Transaction
6/17/24
A joint venture of Bendetti and Westport Capital Partners paid $32.9 mil for Broadwood Business Centre, a 156.2k sf ($210/sf), multi-tenant light industrial property in Mesa, AZ. The Southeast Valley business complex can acco...
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• Commercial Real Estate Financing Briefs
6/13/24
CUSHMAN & WAKEFIELD EQUITY, DEBT & STRUCTURED FINANCE -- Rob Rubano, Brian Share, Max Schafer, Lars Weston and Billy Coyle with Cushman & Wakefield secured $64.1 mil in financings for the acquisition of a Class A industrial p...
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• Liv Communities and Rockefeller Group Wrap Up Work on AZ Res Community
6/13/24
A new 360-unit apartment community in Laveen, AZ has been completed and is now open to the public. The project, Sol38 by Liv, is a development of Liv Communities and Rockefeller Group.
Located at 3875 W. Dobbins Rd, Sol38 fe...
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• Commercial Real Estate Financing Briefs
6/12/24
JLL CAPITAL MARKETS -- Eric Tupler, Kristian Lichtenfels, Chris Collins, Will Mogk and Jarrod Howard with JLL Capital Markets arranged $30 mil in financing for a three-property industrial portfolio totaling 330....
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• Founders Properties Picks Up 162k sf Phoenix Industrial Project
6/11/24
Founders Properties acquired 21st Street Center, a two-building industrial project totaling 162.2k sf on more than eight acres in the sought-after Airport submarket of Phoenix. Consisting of two highly functional industrial b...
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• Palladius Capital Management Acquires 694-Bed Student Housing Property in Texas
6/11/24
Palladius Capital Management has purchased The Luxx, a 220-unit, 694-bed student housing community in San Antonio, TX. The property is located at 6023 UTSA Blvd, within walking distance of The University of Texas at San Anton...
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• George Oliver Teams with Ascentris in Purchase of Office Building in Old Town Scottsdale
6/10/24
Phoenix-based developer George Oliver and joint venture partner Ascentris purchased a 162.2k sf office building in the heart of Old Town Scottsdale for $26.05 mil ($160/sf). The building sits on just over three acres at 4141 ...
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• Chicago Multifamily Owner Buys 254-Unit Texas Res Asset
6/10/24
Sherman Residential, a Chicago-based owner and operator of luxury multifamily assets , closed on a Texas res buy, picking up Oaks on Marketplace, a 254-unit luxury multifamily community near I-35 in the city of Kyle. The prop...
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• Leasehold Interest in Phoenix Office Campus Goes for $44 Mil
6/07/24
The leasehold interest in Sky Harbor Center, a recently upgraded 534.8k sf office campus on 37 acres in Phoenix, was acquired for $44.3 mil by a private investment partnership. The ground lessor is the City of Phoenix.
Sky H...
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• Arizona Multifamily Community Purchased by Kairoi Residential / German American Realty Venture in a $161 Mil Deal
6/07/24
In a sizable institutional res buy in Arizona, a venture between Kairoi Residential and German American Realty, a fund and investment manager specializing in residential rental properties in the United States, acquired Carter...
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• Bendetti-Led Venture Picks Up 257k sf TX Industrial Property
6/07/24
Bendetti has purchased Proto Park, a 257.2k sf industrial asset located at 3200 Irving Blvd in Dallas, TX. The property is 100% leased to Morrison Supply, Taxila Stone, Preziosa Stone, Dynasty Distilling and an undisclosed in...
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• Walker Family Breaks Ground on New 3.8 msf Class A Logistics and Cold Storage Development in Laredo, TX
6/06/24
The Walker Family has broken ground on Township Logistics Park at Talise (“TLPT”), a brand new 268-acre Class A logistics and cold storage development slated to total up to 3.8 msf of warehouse and distribution space in Lared...
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• Empire Group of Companies Lands $47 Mil for Construction of Texas Build-to-Rent Project
6/05/24
Empire Group of Companies has obtained $47.4 mil in non-recourse financing for construction of Village at Mayfair, a 217-unit Build-to-Rent community in New Braunfels, TX. The project will be situated on nearly 20 acres withi...
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