Globest Sectors

The investor buys a 350,000-square-foot multi-tenant industrial complex near the Las Vegas Strip.

The investor sold Quattro, a 265,000-square-foot office asset in Phoenix, for $43.5 million.

The investor buys a 1-million-square-foot class-A distribution facility in Riverside for $123.8 million.

The Phoenix submarket had the most investment sales activity for apartments above 100-plus units in the second quarter.

Coinciding with Understory’s grand opening this week, a long-term agreement has been reached to bring a new cocktail bar, Silver Lining, to the culinary market at the Bank of America Tower.

Ribbon is consolidating several sites in the North Texas area, which consist of more than 100,000 square feet, for better customer service in a centrally located facility and greater operational efficiencies.

The Airport Area of Orange County is leading the market for new multifamily construction.

The 134,732-square-foot building was acquired by Novaya Real Estate in August 2015.