PHOENIX-A private buyer from Scottsdale adds to his area portfolio with the buy of the 17-unit complex. Additional southwest commercial real estate news included.
DALLAS-The local buyer snags McKinney Place from KBS Realty. The CRE fund learned about the property before it hit the market, and invested much time in due diligence on the front end.
SCOTTSDALE, AZ-The multifamily property traded is the 328-unit Via Venture apartments, which sold for $36 million. According to BREW, Equity Residential has sold 4,380 units so far this year.
HOUSTON-According to a broker uninvolved with the recent Connection at Buffalo Pointe transaction, buyer CBRE Strategic Partners ended up with an investment in a submarket driven by the nearby Medical District.
MESA, AZ-In its desire to study – and use – the Guayule plant as an alternative natural rubber source, the Bridgestone Americas affiliate broke ground on its 10-acre facility.
PLANO, TX-Construction will officially launch on the 340,000-square-foot speculative office building on May 30, though demolition of a former Robb & Stuckey furniture store on the site is currently underway.
LAROSE, LA-The energy company opts to stay put, and plans to build new corporate headquarters in Gray, LA. The company, meanwhile, is seeking out port locations to build a new manufacturing facility.
AUSTIN-State university systems could end up with a whole lot of extra money with help from Senate Bill 16, which authorizes billions of dollars in bonds for campus construction/improvement projects.