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January 26, 2025
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TEXAS/SOUTHWEST HEADLINES
Grocery-Anchored Center in Phoenix Goes for $150/sf
1/24/25
70k sf Rancho Encanto includes tenants Smart & Final and Aaron’s

Phoenix Class Multifamily Community Acquired by IMT Capital and an affiliate, IMT Residential
1/24/25
370-unit Marquis at Desert Ridge to be rebranded by the buyer

New 420k sf AZ Industrial Facility Completed for Parts Town Unlimited
1/23/25
Structure is part of three-building, 1.75 msf Phase I at C|303 industrial park in Glendale

The Koll Company Buys 142k sf Industrial Facility in Aurora, CO
1/23/25
Firm pays $15.8 mil for BOMA Award-winning single-tenant building



CapRock Partners Starts Work on Phase 2 of 3.4 msf AZ Spec Industrial Project
1/23/25
Construction will consist of 825k sf of space in three buildings

Colorado Medical Outpatient Building Trades
1/22/25
Deal is for 104k sf Longmont Medical Campus in Longmont

Erskine Property Group Spends $6.2 Mil on AZ Office/Flex Asset
1/22/25
36k sf Arrowhead Professional Plaza is fully leased to 12 tenants

Houston Office Market Sees Negative Absorption in Fourth Quarter 2024
1/21/25
Latest research from Avison Young shows strong demand for newly delivered product

Work Finished on 310-Unit AZ Res Development
1/21/25
Northbend in Tempe was built by McShane Construction on behalf of Banyan Residential and Milhaus

Logisticus Group Leases New 483k sf Facility at Park303 in Glendale, AZ
1/20/25
Building is part of three-building Phase 2 at Lincoln Property Group’s 210-acre project

NexMetro Recapitalizes $300 Mil Build-to-Rent Portfolio
1/16/25
JLL arranges new financing from Blackstone and Artemis Real Estate Partners

Phoenix Industrial Asset Bought for $27 Mil
1/16/25
188k sf facility is fully leased by BAE Systems

Vegas Retail Center Sells in $50 Mil Deal
1/15/25
Out-of-state investor pays $437/sf for 115k sf Mountain’s Edge Marketplace

Private Investor Spends Over $7 Mil on Tempe, AZ Industrial Property
1/15/25
Buyer to make additional improvements to the 40k sf building

High Street Residential and Mitsui Fudosan America Start Work on 215-Unit Res Project in Scottsdale
1/15/25
Development slated for completion in mid-2027

Overton Moore Properties and Invesco Real Estate Begin Work on Three-Building AZ Industrial Project
1/13/25
Nextwave Tempe to consist of 689k sf across 35 acres

EastGroup Properties Inc Picks Up 519k sf AZ Industrial Park in $83 Mil Deal
1/13/25
Trammell Crow Company and CBRE IM sell Akimel Gateway in Chandler

Arizona Industrial Portfolio Trades in Record-Setting $168 Mil Deal
1/10/25
CIP Real Estate buys 809k sf Broadway 101 Commerce Park in Mesa

Montecito Medical Real Estate Spends $30 Mil on AZ Medical Office Property
1/10/25
Deal for Chandler Medical Pavilion works out to $455/sf

Tower 16 Capital Partners Buys 167-Unit Build-to-Rent Community in Phoenix
1/09/25
Acquisition of Yardly McDowell marks firm’s ninth buy in the market

Vegas Industrial Asset Picked Up in $12.5 Mil Deal
1/07/25
50k sf Edmond Russell Triangle goes for $250/sf

Single-Tenant Salt Lake City Warehouse Trades
1/07/25
41k sf facility on seven acres sold by ViaWest Group

LaSalle Investment Management Buys 536k sf AZ Industrial Property
1/07/25
$112 Mil Deal is for five-building Tempe Commerce Park

Industrial Asset in North Las Vegas Sells for $232/sf
1/07/25
California exchange investor spends over $17 mil on 75k sf property

Investor Obtains $39 Mil in Loans on Two Phoenix-Area Industrial Properties
1/06/25
Gantry arranges insurance company money on Parc Germann Industrial Park and Ray Industrial Park

George Oliver and Ascentris Spend Over $42 Mil on Office Property in Old Town Scottsdale
12/31/24
Partnership to redevelop asset along with adjacent properties into a new experiential office campus

Renovated Phoenix Office Building Trades for $176/sf
12/30/24
102k sf property was 82% leased at time of sale

Retail Building in Gilbert, AZ Fetches $550/sf
12/30/24
4k sf freestanding structure sells for $2.26 mil

Precision Science Leases 130k sf Space in Phoenix
12/27/24
Deal is for part of an industrial facility within Mack Innovation Park

Industrial Outdoor Ventures Spends $5.68 Mil on Denver Building
12/23/24
31k sf facility sits on nearly five acres



 


 


 


 
 





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