Features

Sunrise Report: M-F Northeast Investments Going Strong

The latest Sunrise Northeast multi-family rental market report reveals that as smaller Northeast cities reinvent themselves as centers for learning and technology innovation, investors are flocking to these areas for solid investments.

Buchanan Street Buys Stapley Corporate Center in Mesa for $33M

Buchanan Street Partners recently acquired the Stapley Corporate Center, a two-building, Class A office property. Located at 1840 and 1910 South Staple Drive in Mesa, the center was purchased for $32.5 million from The DESCO Group, Inc., the original developer of the center.

Lone Star Funds Acquires Office Building for $53/SF; University of Memphis Launches $40M Campaign for New Music Center

Lone Star Funds, LP, a Dallas-based private equity firm, recently purchased the four-story Lakecrest III office building for $6.9 million, according to the Memphis Business Journal. Acquired from Management & Research LLC, the office building spans across 130,593 square feet, from which, 48,000 square feet aren’t leased.

Glendale Office Complex Trades for $9M; Pacific Realty Advisors Plans Industrial Project in Mesa

Cassidy Turley recently announced that Select Healthcare Solutions, LLC, Phoenix Cyberknife and Radiation Oncology Center, LLC have acquired Zanjero Falls for $9.1 million, a 147,405 square foot office property situated at 7410 N. Zanjero Boulevard in Glendale.

Hines Receives LEED Platinum Certification for Williams Tower HQ

Hines Interests, LP has announced that their recently renovated headquarters in the Williams Tower has been granted the LEED Platinum Certification for Commercial Interiors, award given by the U.S. Green Building Council for outstanding ecological practices in the design of commercial, non-retail, spaces.

Tradition Senior Living Expands Prestonwood Property with Assisted Living, Memory Care

North Dallas will be home to a new four-story assisted living and memory care building through the initiative of Tradition Senior Living, LP. The new project represents an expansion to the current Tradition-Prestonwood, which opened in 2010, and it entails the development of 75 assisted living and 38 memory care apartments.

UMOM Details Plans for Affordable Housing Project in Sunnyslope

A new affordable housing project is coming to Phoenix through the initiative of UMOM and through the financial support of the Arizona Department of Housing (ADOH) and The Bob & Renee Parsons Foundation.

Hartman Short-Term Income Properties XX Purchases Houston Industrial Property; Bascom Acquires Sierra at Fall Creek

Hartman Short Term Income Properties XX, Inc., a Houston-based REIT, recently announced that Harman Mitchelldale Business Park LLC, an affiliate, purchased the Mitchelldale Business Park from Falcon Southwest for an undisclosed sum.

Crescent Breaks Ground on $225M Office Tower

Crescent Real Estate Holdings LLC broke ground on their famous McKinney & Olive Tower, the first step in creating the first commercial building in Dallas to be designed by an internationally acclaimed architect since the 1980s.