Positive metrics in the self-storage market are increasing demand for this asset type. As a result, three self-storage properties located at 670 Gilbert Rd. and 1965 E. Ray Rd., both in Gilbert, and 34995 N. Valley Parkway in Phoenix recently sold for $39.5 million. Barker Pacific Group acquired the properties from sellers, WDP Partners and Titan Development/TDREF I.

Austin-based AQUILA Commercial has brokered the sale of Innovation Business Park Building III, a 153,234-square-foot industrial building located at 1150 New Technology Blvd. in Hutto, located northeast of Austin. Dogwood Industrial Properties, a platform backed by TPG Real Estate Partners, purchased the asset from Titan Development for an undisclosed price.

Dogwood Industrial Properties, a platform backed by TPG Real Estate Partners, recently acquired Innovation Business Park Building III from Titan Development, the building’s developer. Terms of the transaction were not disclosed.

It’s like a “city within a city.” A huge development in Albuquerque is taking shape and now, the next phase is in the works.

Titan Development has broken ground on Phase I of NorthPark 35, a project in the northern Austin suburb of Georgetown that will add 330,000 square feet of industrial space across two buildings to the local supply.

Titan Development has broken ground on Phase I of NorthPark 35, a project in the northern Austin suburb of Georgetown that will add 330,000 square feet of industrial space across two buildings to the local supply. The project includes the extension of Aviation Drive to intersect with State Highway 130 and Interstate 35. Titan Development, which has offices in Albuquerque and San Antonio, expects to complete Phase I of the 146-acre project in the spring of 2021.

Georgetown’s first master-planned industrial business park, the 146-acre NorthPark35 at I-35 and SH 130, broke ground Nov. 11, according to a news release.

“Here is another great example of how this city is a wonderful place to do business,” Mayor Dale Ross said in the release.

Project is the first multifamily development in Journal Center

Units range from about 750 square feet to over 1,300 square feet and monthly rents range from about $1,500 to $2,025.

Construction to lift the 100-ton skybridge linking Presbyterian Hospital and the newly built Ronald McDonald House Charity Guest House on Central Avenue near Interstate 25 started Monday and is scheduled to last through Friday, according to a spokesman for the project.