VESTAR ACQUIRES TWIN CREEKS MARKETPLACE IN DALLAS SUBURB

Vestar, one of the leading privately held real estate companies in the western United States, announced today that it has acquired Twin Creeks Marketplace, a 43,134-square foot grocery-anchored neighborhood center located at 1265 W. Exchange Parkway in the Dallas, Texas suburb of Allen. In 2016, Brandon Beeson from EDGE Capital Markets brokered the deal on…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 318-UNIT APARTMENT BUILDING

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Cordova Village, a 318-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $8,000,000. Hamid Panahi, Cliff…

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Colliers International in Greater Phoenix Sells Two Tucson Apartment Communities for A Total of $13+ Million

Colliers International in Greater Phoenix has negotiated the sale of two Tucson apartment complexes in transactions totaling $13+ million.  The properties were purchased by private investors and are part of a trend moving investment money to Tucson where cap rates and property prices are more appealing than metro Phoenix.   “Multifamily buyers are beginning to…

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Tratt Properties Repositions with Consolidation of its Portfolio & Purchase of a 1M-SF Amazon Fulfillment Property

In late 2016, Tratt Properties finalized the sales of the Jim Holdings, LLC building in Spartanburg, SC and the newly constructed 376,963 SF Santa Fe Logistics Center in Phoenix. The 573,210 SF Jim Holdings, LLC property with 30’ clear height was originally purchased by Tratt Properties in 2007 with Adidas as the tenant. They owned…

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Retail Lease for 1,110 square feet at SEC of 40th St & Thunderbird in Phoenix, AZ to MetroPCS was recently consummated

A Retail Lease for 1,110 square feet within Paradise Square at SEC of 40th St & Thunderbird in Phoenix, AZ to MetroPCS was recently consummated. The owner of the center is Southwestern Holdings, LLC.   Jared Lively of Rein & Grossoehme represented the Landlord and Hayden Duff of HK Realty represented the Tenant on this…

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Tribal land use contract negotiations fraught with complexities

Unique intricacies of Native American land use issues can often complicate contract negotiations, according to attorneys Pilar Thomas and Frances Sjoberg of the Indian Law group at Lewis Roca Rothgerber Christie LLP. Thomas and Sjoberg will discuss jurisdiction, federal policy of tribal self-determination and self-governance, new right-of-way rules from the Department of the Interior, and…

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