Phoenix
Buchanan Street Picks Up Office, M-F Properties for $43M
Newport Beach, Calif.-based Buchanan Street Partners teamed with Baron Properties of Denver, Colo., to purchase Vue Park West, a 260-unit luxury apartment community in Peoria. The partnership paid $30 million for the complex, or $115,300 per unit.
W. P. Carey Pays $43M for Chandler Office Building; Meritex Makes Local Debut With Industrial Acquisition
In a $43 million deal, W. P. Carey Inc. has acquired a three-story, 183,000 square-foot office building in the heart of Chandler’s Price Road Corridor, one of the most desirable areas of the Phoenix metro.
Mentor Properties Buys Peoria M-F Asset for $10.8M; Exeter Property Group Grabs Distribution Center in $13M Deal
By Amalia Otet, Associate Editor In a $10.8 million deal, Mentor Properties Inc. has acquired Monterey Pines, a 216-unit apartment community in the Peoria suburb of Phoenix. The price translates to $50,000 per unit. Murano Properties, the seller, was represented by Cliff David, a vice president with Marcus & Millichap Real Estate Investment Services Inc., […]
E.CON Special Report: E-Commerce Users Demand BTS–With Flexibility
As the e-commerce market heats up, industrial developers are scrambling for a piece of the action. That was the word from “The End User’s Perspective” session at NAIOP’s brand-new E.CON e-commerce conference in Phoenix on Thursday.
Cohen Acquires 395 KSF Industrial Building; Liberty’s Aetna Building Awarded LEED Silver
Jersey Industrial Capital LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., has acquired 43rd Avenue Logistics Center, a newly-developed 394,775-square-foot industrial building in Phoenix.
Pivotal Group Sells 3,000-Plus Apartments in West Texas
An affiliate of the Pivotal Group has sold a 21-community, 3,128-unit portfolio of Class B apartments in West Texas to the Related Cos.’ Related Real Estate Recovery Fund.
Liberty Signs Power-One for 105 KSF, Brings Sky Harbor Center to Full Occupancy
Power-One Renewable Energy Solutions has signed a long term lease with Liberty Property Trust to occupy 105,000 square feet of space at Liberty Sky Harbor Center in Phoenix. The agreement brings the complex, which opened last year after a complete makeover and re-branding, to 100 percent occupancy.
Alberta Plans 187 M-F Units, Retail in Downtown Tempe
Greenwood Village, Colorado – based Alberta Development Partners has acquired a 1.86-acre land parcel on the northwest corner of University Drive and Ash Avenue within the Mill Avenue District of Downtown Tempe, where it plans to develop a mixed-use project.
Epoch To Make Phoenix Debut With $50M M-F Project; Jerry Simms Pays $45M for Scottsdale Retail Center
Winter Park, Florida-based Epoch Properties Inc. plans to break ground on a $50 million multi-family project that would bring up to 292 new apartments to downtown Phoenix.
KBP Realty Pays $8M for Deer Valley Flex Complex; Mark-Taylor Plans Upscale M-F Project in Scottsdale
In an $8.04 million deal, KBP Realty Advisors acquired Turner Spectrum Ridge, a 68,195-square-foot industrial flex property in Phoenix from Newport Beach, California-based Turner Real Estate Investments. The price translates to about $117.98 per square foot.