Commercial Property Executive CAMCO Investment Group has paid $39.5 million, or $126.62/sf, for Mesa Tower, a 311,949-square-foot office building in Mesa, Ariz. The Dallas investor acquired the property from Barker Pacific Group and Iron Point Partners, which had purchased it ...
AZ Big Media Continental Properties has opened the Springs at Red Mountain, a 192-unit luxury apartment property in Mesa, Ariz. The Menomonee Falls, Wis., developer broke ground on the complex in October 2019. Springs at Red Mountain, at 2639 North ...
The Bluerock venture secured a $58 million mortgage from an undisclosed lender that has a 10-year term and pays a coupon pegged to the secured overnight financing rate, or SOFR, plus 261 basis points. The property is 95.4 percent occupied.
The Madison, about 19 miles east of Phoenix, was encumbered by a $4.6 million Freddie Mac loan that was securitized through FREMF, 2015-K42. But the debt was defeased, or its collateral was replaced by government securities, when Westgrove bought the ...
Berkadia originated a $38 million Freddie Mac loan to help fund the acquisition.
the property is 90.3 percent leased.
Westgrove Partners has sold The Madison, a 96-unit apartment property in Mesa, Ariz., for $23 million, or $239,583/unit, to an undisclosed buyer. The Manhattan Beach, Calif., company had purchased the property, previously known as Sonoma Heights, in 2019 for $16 million. ...
Commercial Real Estate Direct Staff Report Taurus Investment Holdings has paid $56.4 million, or $235,000/unit, for the 240-unit Indigo Springs apartment property in Mesa, Ariz., about 20 miles east of downtown Phoenix. The Boston investment manager bought the complex from ...
AZ Big Media Augusta Ranch LLC has sold the 83,743-square-foot Augusta Ranch Marketplace in Mesa, Ariz., for $12.5 million, or $149.27/sf. An undisclosed Southern California investor bought the retail property, which sits on 22.32 acres at 9911-9931 East Baseline Road. ...
