ReNew One Eleven, which is being renamed Mesa Station, last year generated $2.75 million of net operating income, according to servicer data compiled by Trepp Inc. That would give Interwest's purchase price a 3.97 percent capitalization rate. The property is encumbered by ...
Interwest Capital Group has paid $69.2 million, or $174,307/unit, for ReNew One Eleven, a 397-unit apartment property in the Phoenix suburb of Mesa, Ariz. The La Jolla, Calif., investment manager purchased the 37-year-old property, at 111 North Gilbert Road, from ...
Commercial Real Estate Direct Staff Report ZMR Capital has paid $90.15 million, or $281,719/unit, for the 320-unit Julia apartment property in Mesa, Ariz. The Tampa investment manager bought the property, formerly known as Five46, from S2 Capital of Dallas, which ...
Western Wealth Capital has paid $64 million, or $241,509/unit, for Delano, a 265-unit apartment property in Mesa, Ariz. The Vancouver, British Columbia, investment manager purchased the property from S2 Capital of Dallas, which had bought it in 2019 for $30 ...
Commercial Real Estate Direct Staff Report KeyBank has provided $77.13 million of mortgage financing against Superstition Gateway, a 495,204-square-foot open-air retail center in Mesa, Ariz. The loan allows the property's owner, an affiliate of Desert Troon Cos. of Scottsdale, Ariz., ...
Bridge Investment Group has paid $107.3 million for two Phoenix-area apartment properties with a total of 513 units. The Salt Lake City investment manager paid $37.45 million, or $195,052/unit, for the 192-unit Arcadia on 49th in Phoenix; and $69.85 million, ...
AZ Big Media A venture of Cypress Office Properties and Harbert Management Corp. has paid $37 million, or $205.43/sf, for the Arc, a 180,110-square-foot office property in Mesa, Ariz. Cypress, of San Diego, and Harbert, of Birmingham, Ala., purchased the ...
The buyer financed its purchase with a $16.4 million loan from Harbor Group International. The two-story property previously was encumbered by a $9.75 million Freddie Mac loan that's securitized through FREMF, 2020-KF80. The loan, which doesn't mature until April 2030, ...
Phoenix Business Journal A venture of Ryan Cos. and DWS Group is breaking ground next month on Confluence at Mesa Gateway, a six-building industrial park that will total 516,121 square feet in Mesa, Ariz. The property is being built on ...
AZ Big Media Rosendin Electric Inc. has agreed to lease 146,000 square feet of industrial space at the Power 202 Business Park in Mesa, Ariz. Bird Dog Industrial of Phoenix owns the 330,000-sf property, at 4617 South Power Road, and ...
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