Arizona
Wentworth Snags 228K Office for $17M
A Phoenix-based company has acquired a 228,000-square-foot vacant office building in Tempe, AZ. Wentworth Property Co. struck a $16.5-million deal… Read more
Russellville Commons in Portland Sells to MG Properties
MG Properties Group has acquired the 283-unit Russellville Commons Apartments in Portland, OR. The San Diego-based buyer paid $57.8 million… Read more
Seattle CRE Firm Expands into Orange County
Commercial real estate services company Kidder Matthews continues its western expansion, with the latest office opening in Orange County, CA.… Read more
Marijuana Business Park Gets New Tenant
Catalina Partners III LLC and Catalina Hills Botanical Care Inc. have entered into an agreement with Zoned Properties of Scottsdale,… Read more
James Center in Tacoma Sells for $31M
Phoenix-based Vestar has acquired the 140,240-square-foot James Center in Tacoma, WA from Inland American Real Estate Trust. The buyer paid $31.4… Read more
Silverstone Enters Phx with $18M Buy
Silverstone Moreno LLC, based in Carlsbad, CA, acquired the 226-unit Sorrento Apartments at 901 S. Dobson Rd. in Mesa, AZ.… Read more
Parkmeed Pays $42M for Ashton Pointe
Parkmeed Properties has acquired the 314-unit Ashton Pointe apartment complex at 12175 W. McDowell Rd. in Avondale, AZ. Parkmeed paid… Read more
Expanding Snyder’s-Lance Inks 37,000-SF Deal
Snack manufacturer Snyder’s-Lance has signed a deal with ViaWest to lease 37,422 square feet at Tiger Industrial Center near Van… Read more
Investor Re-Enters Phoenix Area with $64.5M MF Buy
Standard Portfolios LLC of Arcadia, CA has reportedly struck a deal with Irvine, CA-based Bascom Group to acquire the 396-unit… Read more
Construction Launched on 393,000-SF Spec Warehouse
The Opus Group has begun construction on Opus Airport Industrial, a 393,300-square-foot speculative warehouse and distribution building situated on 23… Read more
Cole Real Estate Income Pays $20M for Home Depot
Cole Real Estate Income Strategy Inc. (Cole Income NAV) has acquired a Home Depot Center at 7300 W. 159th St.… Read more
Historic Luhrs Building Sells for $44M
Hansji Corp. struck a deal with Lincoln Property Co. and Invesco Ltd. to sell the historic Luhrs City Center office… Read more
Passco Hits Scottsdale With $52.5M Apartment Buy
Passco Cos. recently acquired an apartment complex in Scottsdale, Ariz., for just over $52.5 million. Renamed Luxe Scottsdale, the property… Read more
Scottsdale Site Sells for Record-Breaking $22M
Triyar Cos. of Scottsdale, AZ acquired 2.7 acres in Old Town Scottsdale from Jerry Simms, also of Scottsdale, and Ron… Read more
Philip Voorhees, CBRE Retail Team Offer Fully Leased Portfolio
Philip Voorhees, who is based in Newport Beach, and CBRE’s National Retail Investment Group and the Net Leased Property Group… Read more
ConAm Expands Portfolio in Phoenix and Las Vegas
San Diego-based ConAm has made two multifamily acquisitions in Phoenix and Las Vegas, totaling 524 units. In Las Vegas, ConAm… Read more
Tony Natsis On Secondary Markets, Donald Trump
As prices get higher and cap rates get lower in major metro areas, more investors are flooding secondary markets such… Read more
Primestor Undertaking Major PHX Retail Renovation
Primestor Development, the Los Angeles-based shopping-center owner that focuses on Latino consumers, has started renovations on Palm Glen Shopping Center… Read more
John Drachman Gets NAIOP Award
John Drachman, the founder and president of Stillwater Investment Group, has been honored by the NAIOP Commercial Real Estate Development… Read more