Phoenix

  • Gateway Poised for Growth

    PHOENIX—Thanks to a unique outreach effort led by Phoenix-Mesa Gateway Airport Authority, Able Aerospace Services and SRP, aerospace leaders attending MRO Americas convention in Phoenix gained a birds-eye view of the Valley’s many expansion and relocation opportunities.

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  • Spirit Realty Announces Offering

    PHOENIX—Spirit Realty Capital, Inc., a real estate investment trust that invests in single-tenant, operationally essential real estate, announces that it has filed with the Securities and Exchange Commission a prospectus supplement under which it may sell shares of its common stock having an aggregate gross sales price of up to $350 million through an “at-the-market” equity offering program.

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  • Hayden Ferry III Commences Construction

    PHOENIX—Construction is under way on Hayden Ferry III, a 261,000 square foot, Class A development in the Tempe submarket of Phoenix.

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  • Industrial/Flex in Discovery Triangle Sells

    PHOENIX—Phoenix-based Verde Investments, Inc has purchased for $9.4 million 143 TECH, a 113,827-square-foot, industrial/flex building located at 317 S. 48th St. in Phoenix. The seller was Florida-based Second Berkshire Properties, LLC.

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  • Keyser and Catalyst Merge

    PHOENIX—Catalyst Commercial Group, a retail commercial real estate advisory firm exclusively serving the national, regional and local space needs of retail and restaurant tenants has entered into an agreement to merge with Keyser to create the largest, multi-platform tenant representation firm in the state of Arizona.

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  • CBRE Arranges $29M Loan

    PHOENIX—April 11, 2014 – CBRE San Diego’s Debt & Structured Finance Group has arranged a $29 million loan on behalf of The Premiere Residential Communities for the refinancing of San Marbeya Apartments.

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  • Park Tower Brings $15M

    PHOENIX—Clear Sky Park Tower LP (dba, Clear Sky Capital Inc) purchased the 180-unit Park Tower apartments at 1283 West Parklane Boulevard in Chandler for $15.2 million.

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  • Starwood Advances Asset-Light Strategy

    TUCSON—Starwood Hotels & Resorts Worldwide, Inc. annnounces that it has completed the sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II, Inc., a public, non-traded REIT sponsored by The Lightstone Group, a privately held real estate company, for $19 million.

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  • MIG Grabs Quadrangles for $42M

    PHOENIX—MIG Real Estate, a California-based real estate investment company, has completed the acquisition of Quadrangles Village, a 510-unit apartment home community adjacent to Arizona State University. The purchase price was $41.8 million.

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  • CAH Completes Securitization for $513M

    PHOENIX—Colony American Homes announces it has completed a securitization transaction backed by rental income from 3,399 homes from its portfolio of single family rental homes.

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  • New Industrial Park in Gilbert

    PHOENIX--Trammell Crow Company and partner Artis REIT will develop a class A, multi-phase industrial park featuring six buildings totaling 618,000 square feet in Gilbert.

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  • Pair of MFs Brings $27M

    PHOENIX—Bank of America Community Development in Dallas sold for $27.35 million Mill Pointe and 201 West, a pair of multifamily properties, located at 4130 S. Mill Ave. and 201 W. Hermosa Dr., respectively. The buyer was Gelt Inc. of Los Angeles.

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  • Hines Expands Market Team

    PHOENIX—Hines announces the hire of four employees who have decades of experience in development, property management and construction, building a robust and strategic Phoenix team.

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  • West Side Shopping Center Sells for $14M

    PHOENIX—Los Angeles-based Primestor Development acquired Palm Glen Shopping Center, 3500-3636 W. Glendale Ave., for $14.35 million. The seller was Phoenix-based Palm Glen Investors, LLC.

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  • HFF Arranges $14M in Joint Venture

    PHOENIX—HFF announces it has arranged $14 million in joint venture equity for the development of Envy, a 90-home, mid-rise condominium project in downtown Scottsdale’s Entertainment District.

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  • EPA Recognizes Hines

    PHOENIX—Hines has been recognized by the US Environmental Protection Agency with the 2014 ENERGY STAR Partner of the Year-Sustained Excellence Award in recognition of continued leadership in protecting the environment through energy efficiency.

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  • Farina Promoted to C&W Director

    PHOENIX—Patti Farina has been promoted to director at Cushman & Wakefield of Arizona, Inc.

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  • Best of NAIOP Awards

    PHOENIX—Bill Petsas, senior vice president at EastGroup Properties, was honored with the Lifetime Achievement Award at the Best of NAIOP event held at the Arizona Biltmore.

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  • Arboleda Sells for Second Time

    PHOENIX—Merced Restart Phoenix Investors I, LLC purchased for $24.9 million Camelback Arboleda, a 178,792-square-foot, multi-tenant office building located at 16th Street and Camelback Road, in the heart of Phoenix’s Camelback Corridor.

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  • ABI Multifamily Continues Growth

    PHOENIX—ABI Multifamily, a brokerage and advisory services firm, announces the hire of its new operations manager, Devinderjit Khalsa.

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