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May 23, 2024
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TEXAS/SOUTHWEST HEADLINES
Midway’s East River Receives 2024 Scenic Star Award by Scenic Houston
5/23/24
Award bestowed annually to a local entity that significantly contributes to the aesthetic improvement of the local environment

Tempe Res Development Finishes Construction
5/23/24
199-unit Vero developed by Transwestern Development Company in a venture with Globe Corporation and University Realty

Denver Golf Club Acquired by NY-Based LCP Group
5/21/24
Trade is for 29.5-acre Green Valley Ranch Golf Club

AZ Office Property Gets New Owner in $5.4 Mil Deal
5/17/24
31k sf asset in Glendale sells for $171/sf

Rockefeller Group Starts Work on Two Build-to-Rent Communities in Phoenix
5/15/24
Projects are being constructed by Mosaic and will total 152 units

Newly Constructed AZ Logistics Center Sold in Two Deals Totaling $118.6 Mil
5/14/24
Deals work out to $147/sf for 806k sf Tucson Commerce Center

Time Equities Inc Buys 145-Unit Student Housing Asset in Huntsville, TX
5/14/24
The Armory was sold by Stonemont Financial

Hines and Trez Capital Start Work on 600-Acre Master-Planned Community in Texas
5/14/24
Northspur to provide 1,500 single-family homes in Terrell

Hines and Clearwater Living Senior Housing Fund V Team Up with an Institutional Partner to Recapitalize and Rebrand a Luxury Senior Living Facility in Houston
5/13/24
Clearwater at The Heights offers 220 units of independent living, assisted living and memory care housing

Colorado Medical Office Building Gets New Owner
5/13/24
Chicago-based fund buys 75k sf Orchard Park Medical Center in Westminster

CA Investor Spends $4.2 Mil on Chick-fil-A Ground Lease in Arizona
5/13/24
Acquisition is of a newly developed 4.5k sf store in Queen Creek

Vertical Ventures Buys 137k sf, Class A Office Asset in Scottsdale, AZ
5/08/24
Deal is financed with $34 mil arranged by Cushman & Wakefield

WNC & Associates Closes $300 Mil Equity Fund
5/10/24
Fund is invested in 24 properties totaling roughly 2,400 units in 16 states

ViaWest Group Picks Up 94k sf Industrial Asset in Phoenix
5/07/24
Single-tenant property is 100% leased to Copper State Bolt & Nut Company

Shopping Center in Salt Lake City Metro Area Trades Hands
5/07/24
Deal is for 48k sf at Canyon Center in Sandy

Phoenix Dev Site Goes for $13 Mil
5/02/24
Land planned for 25-story res tower

Colorado Retail Property Gets Traded in $7.7 Mil Transaction
5/02/24
30k sf Southgate Shopping Center in Centennial goes for $258/sf

Galveston, TX Luxury Condo Project to Move Forward with $100 Mil in Construction Money
5/02/24
Financing is for Satya’s 63-unit Tiara on the Beach development

Fundrise Lands $125 Mil on Four-Property Logistics Portfolio
5/02/24
Cushman & Wakefield arranges money on Phoenix, Vegas and Dallas assets through Franklin BSP Realty Trust

Whole Foods Leases New AZ Store Location
5/01/24
Grocer takes 35k sf of space at Downtown East Shopping Center in Scottsdale

Phoenix Office Asset Trades in $86 Mil Transaction
5/01/24
308k sf 24th at Camelback building fetches $279/sf

260k sf Light Industrial Asset in Texas Acquired by MIG Real Estate Entity
4/29/24
SouthTech Business Center in Austin sold by KBS

EQT Exeter Spends $60 Mil on Newly Developed AZ Logistics Building
4/26/24
Purchase is of 642k sf building on 40 acres in Buckeye

Online Luggage Company Leases 40k sf of Distribution Space in Arizona
4/26/24
Portmantos Inc paying just over $1/sf/mo for Tempe location

94k sf Phoenix Light Industrial Facility Becomes a Top 10 Property
4/26/24
Pinnacle Peak Commerce Center sells for $21.85 mil

AZ Retail Center Gets New Owner in $5.5 Mil Transaction
4/25/24
20k sf Avenue at Olive Park in Glendale goes for $268/sf

Lincoln Property Company Locks Up 562k sf of Pre-Leasing at 1.6 msf North Las Vegas Industrial Development
4/25/24
Signings bring Windsor Commerce Park to over 35% leased 10 months before completion

Greystar Completes 1 msf of Spec Industrial Space in Mesa, AZ
4/23/24
Project represents phase I of 2.1 msf Gateway Grand development



 


 


 


 
 





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