Phoenix

  • Four Big Deals in 45 Days

    PHOENIX—The DTZ Arizona team of managing directors Ryan Schubert and Michael Hackett has closed four substantial shopping center sales in the past 45 days.

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  • First Spec Office in Five Years

    PHOENIX—USAA Real Estate Company of San Antonio, in association with Tempe-based Metro Commercial Properties, has broken ground on a speculative office development in the I-17 / Deer Valley submarket in Phoenix.

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  • How Surplus Inventory Impacts Retail Closures

    PHOENIX—Ben Smith is chief strategy officer with Surplus Asset Management, an organization dedicated to providing platforms for retailers, wholesalers, individuals and trustees to achieve a maximum return on their assets through online and live auctions. GlobeSt.com caught up with Smith to discuss how surplus inventory impacts the retail sector.

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  • Deal Tracker: Retail & Land Trade

    PHOENIX—In this edition of Deal-Tracker, Colliers International in Greater Phoenix recently sold Scottsdale’s 35,733-square-foot Village at Via Linda shopping center for $3.75 million as part of a 1031 exchange.

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  • Major Expansion for iFactor in Tempe

    PHOENIX—Savills Studley represented utility software company iFactor with its long-term lease agreement at the new Hayden Ferry 3 development under construction in Tempe.

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  • Epoch Residential Reaches Pre-Leasing Stage

    Capital Place, the $50 million apartment complex coming to Downtown Phoenix, will begin accepting pre-leasing agreements this September.

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  • Condos Coming to Downtown Phoenix

    Alvaro Sande is chief operating officer with Sencorp—the ifirm that’s building condos in downtown Phoenix—a venture some would call risky. GlobeSt.com caught up with Sande to find out why he’s so sure of his project’s success.

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  • Investor Sale of $20M for Distribution Warehouse

    PHOENIX—l Colliers International in Greater Phoenix recently completed the sale of a 313,600-square-foot cross-dock distribution warehouse in Phoenix for $20.32 million, or $64.80 per square foot.

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  • Joint Venture Brings New Industrial

    PHOENIX—Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, announce the acquisition of a 16-acre land parcel for the development of AZ|60.

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  • Brisk Leasing Buoys Industral Market

    PHOENIX—While net absorption is down for the same period a year ago, leasing activity is significantly up, according to the second quarter industrial report released by Cushman & Wakefield of Arizona, Inc.

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  • Location Key to South Scottsdale Sale

    PHOENIX—Cushman & Wakefield of Arizona, Inc. completed the sale of Dwell Apartment Homes at 1923 N. 70th St.

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  • ABI Closes on 264-Unit Goodyear MF

    PHOENIX—ABI Multifamily has closed on the 264-unit, Palm Valley Apartments in Goodyear.

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  • Bankruptcy Auctions Scheduled for Southwest Properties

    NEWPORT BEACH, CA—US Court has ordered 120 Arizona and New Mexico properties to be sold, most of them related to the bankruptcy of the Roman Catholic Church Diocese of Gallup.

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  • Deal Tracker: Retail and Mutifamily

    PHOENIX— In this edition of Deal-Tracker, La Villa Apartments recently sold for $1 million or $33,333 per unit consideringthe apartments sold for $50,ooo less than the original asking price.

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  • Long-Term Lease for Avesis Incorporated

    PHOENIX—Colliers International in Greater Phoenix recently represented Avesis Incorporated in a long-term office lease totaling 56,000,square feet at the Corporate Center, located at 10400 N. 25th Ave. in Phoenix.

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  • Crowdfunding Platform Enters Arizona

    PHOENIX—Patch of Land, a crowdfunding platform that brings together borrowers and lenders through an online interface, announces its largest loan offering to date: The Ramada Hotel located on the historic Main Street of America, Route 66.

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  • IRIS USA Inks Deal in Surprise

    PHOENIX—Newmark Grubb Knight Frank announces the closing by IRIS USA, Inc., a subsidiary of IRIS Ohyama Inc., on the purchase of a 59-acre site at Skyway Business Park.

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  • Another Camelback Corridor Asset Sold

    PHOENIX—Camelback 2929 Owner, LLC, a company formed by Beverly Hills-based Andell Inc., sold 2929 Camelback. The buyer was West Valley Properties, Inc. of Los Altos, CA.

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  • PCH Takes Lease on Camelback Corridor

    PHOENIX—Phoenix Children’s Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management expert Lincoln Property Company and a fund managed by Oaktree Capital Management, L.P.

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  • Biltmore Financial Center Trades for $163M

    PHOENIX—ViaWest Group recently purchased the Biltmore Financial Center, three Class A office buildings totaling approximately 635,000 square feet at the northwest corner of 24th Street and Camelback in Phoenix, for $163 million.

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