Phoenix

  • SVN Awarded at Conference

    PHOENIX—Each year hundreds of advisors from Sperry Van Ness offices around the country meet to discuss company goals, share best practices and honor the offices and individuals excelling in their business. The Phoenix Sperry Van Ness office collected several awards for outstanding achievements in 2013, including once again being named a Top 10 Sperry Van Ness franchisee.

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  • Metso Minerals Makes Move to Mesa

    PHOENIX—Metso Minerals Industries, Inc. is relocating its industrial equipment repair and field service facility to southeast Mesa. This will be a multi-million dollar investment to construct the 44,000 square foot facility.

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  • Aloft at Tucson University Sold

    TUCSON, AZ—The hotel was purchased for $19 million, by Lightstone Value Plus REIT, and will be managed by Island Hospitality Management of Florida.

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  • 247,000 SF of New Leases Completed at Diablo Tech Center

    TEMPE, AZ—Recently-signed leases at the Diablo Technology Center include Computershare, Xerox and Emerson, and the center's oldest tenant is Motorola Solutions.

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  • Phoenix Retail Market Goes From Bleak to Bright

    PHOENIX—Unlike the height of the recession, retailers are expanding in the Phoenix area, and once-scarred shopping centers are getting backfilled, says Tyson Switzenberg of JLL (RECon booth C1001).

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  • Pain Center Opens New Location in Glendale

    GLENDALE, AZ—A ribbon cutting was held recently for the 12,000-square-foot Pain Center facility at 5281 N. 99th Ave.

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  • Refi Arranged for Mesa-area Apartments

    MESA, AZ—Johnson Capital's Phoenix office arranged $8.9 million for the 234-unit Sandstone Apartments complex.

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  • NAIOP Awards CBRE Team

    PHOENIX—A team of brokerage professionals in CBRE’s Phoenix office, Tom Adelson, Jim Fijan, Jerry Roberts and Corey Hawley, have been honored with the Office Broker Team of the Year award from NAIOP.

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  • 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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