Phoenix

  • HomeSmart Buys Scottsdale Office Building

    PHOENIX—8388 Hartford LLC, managed by HomeSmart founder Matt Widdows, purchased a 66,800-square-foot office building in the Perimeter Center Scottsdale located at 8388 E. Hartford Dr.

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  • $350M Condos to Break Ground

    PHOENIX—Luxury, sustainable condominiums are slated to hit the market in Scottsdale when The Sterling Collection at Silverleaf launches sales in early November at the $350 million development, one of the largest luxury residential projects in the Southwest. The condos are located at Thompson Peak Parkway and Legacy Drive.

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  • New Lease at Chandler Corporate Center

    PHOENIX—Colliers International in Greater Phoenix recently negotiated a multi-year 24,896-square-foot office lease at the Chandler Corporate Center.

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  • The Path to Hotel Repositioning

    PHOENIX—Maximizing the value of a hotel asset and increasing investment return with a comprehensive analysis of location, competition, hotel segment, renovations and cost is crucial in the industry. The Clear Path to Property Repositioning session at The Lodging Conference, held at The Arizona Biltmore Resort and Spa, took a hard look at these factors and others.

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  • Goodyear Gateway South Lands First User

    PHOENIX—Goodyear Gateway South, the 221-acre industrial zoned park being developed by EJM Development Co. just north of the Phoenix Goodyear Airport, has announced its first user. Michael Lewis Co. has purchased a 30-acre parcel for development.

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  • Franchise Input Crucial to Branding

    PHOENIX—At the 20th anniversary of The Lodging Conference held at the Arizona Biltmore Resort and Spa yesterday, registrants gathered to hear the nation’s experts speak on a multitude of topics related to the hotel industry.

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  • DEALTRACKER: Hartford Place Sells for $7M

    PHOENIX–In this edition of Deal-Tracker, Cassidy Turley announces the $7 million sale of Hartford Place located at 8388 E. Hartford Drive in Scottsdale. Locally based Hartford Exchange, LLC and Reems & Greenway LLC purchased the 66,800-square-foot property from Newport Beach-based Buchanan Street Partners.

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  • A Diamond in the Rough

    PHOENIX—It’s a property you could drive by and not even notice that it’s there—common stucco, sloping tiled roof, fundamentally bland. But Jim Wentworth Jr. of Wentworth Property Company aims to take that diamond in the rough and turn it into an exciting new office space.

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  • HFF Arranges Financing for Retail Center

    PHOENIX—HFF has arranged acquisition financing for Camelback Center, a 32,963-square-foot, CVS-anchored retail center in Phoenix.

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  • Caliber Buys Hampton Inn for $10M

    PHOENIX—Indian Bend Hotel Group, LLC, an affiliate of CDIF, LLC, a private equity fund managed by Caliber Companies, announced today that it has closed on the purchase of the 101-room Hampton Inn & Suites Scottsdale-Riverwalk for $10.4 million.

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  • Hines Purchases Elevation Chandler Site

    PHOENIX—Cassidy Turley has negotiated the sale of a 10.55-acre site at the northwest corner of Loop 101 and Loop 202 Freeways in Chandler. Hines Interests Limited Partnership purchased the former Elevation Chandler site for $8.25 million. The seller was Price & Frye Investments,

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  • West Phoenix Emerald Shores Sells

    PHOENIX—Marcus & Millichap has negotiated the sale of Emerald Shores, a 304-unit multifamily community located at 8151 W. Indian School Rd. in Phoenix.

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  • Flagstaff Retail Center Goes for $12M

    FLAGSTAFF—Cassidy Turley announces that Rosenthal & Rosenthal, Inc., through its affiliate Broadway Tenth/Flagstaff, LLC, purchased a retail property leased to Whole Foods in Flagstaff for $11.69 million

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  • EXCLUSIVE: Multifamily in Mesa Goes for a Song

    PHOENIX—Berkadia Commercial Mortgage LLC has facilitated the sale of Villas de Merced, located at 520 N. Mesa Dr. in Mesa. The seller was Mercy Housing Arizona-I LP of Denver. The buyer was Sonoma Heights LLC of Scottsdale.

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  • Helix Grabs Commercial Property for $13M

    PHOENIX—Helix, an Arizona-based commercial real estate investment company, recently acquired a truck distribution industrial complex in Tolleson for $12.75 million.

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  • Deal-Tracker: Retail and Industrial Dominate

    PHOENIX—In this edition of Deal-Tracker, ORION Investment Real Estate announces the closing of the Campbell Shops at 24th Street located at 4517 North 24th Street in Phoenix for $2.3 million to Santa Fe Arms LLC, managed by Steve Olafson in Scottsdale.

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  • Industrial, Flex-Use Center Sells

    PHOENIX—Cassidy Turley has negotiated the sale of Eastpoint Business Center located at 3191 N. Washington St. in Chandler. Privately held investment management company AICI of El Segundo purchased the 77,303-square-foot property from Dalfen America Corp. of Westmount, Quebec.

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  • New Multifamily High-Rise for Phoenix

    PHOENIX—The city’s skyline will have a very different look come 2017 as Chicago-based Smith Partners LLC is expected to break ground in August on a massive development.

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  • Phoenix’s Multifamily Value-Add Revival

    PHOENIX—The Phoenix multifamily market has been on the upswing for some time. And in the midst of all this activity, real estate experts have identified a renaissance where many of Phoenix’s existing, and sometimes much older, apartment communities are concerned as one of the driving forces in the Valley’s multifamily market. GlobeSt.com caught up with CBRE’s Brian Smuckler to discuss this trend.

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  • Industrial Use Turned Residential

    PHOENIX—Marbella Ranch Limited Partnership has closed on 352 acres on the southwest corner of El Mirage and Northern Avenue in Maricopa County. The Scottsdale-based homebuilder purchased the property for $11.7 million from El Paso Natural Gas Company, LLC, an affiliate of Kinder Morgan.

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