Phoenix

  • Hines Levels Chandler Eyesore

    PHOENIX—Hines razed Elevation Chandler November 20, an unfinished structure and local eyesore, and kicked off the rise of Chandler Viridian, a mixed-use development, during an event called “Elevating Chandler’s Economic Future.”

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  • Mark Seale Joins Cushman & Wakefield

    PHOENIX—Mark Seale has joined the Phoenix office of Cushman & Wakefield of Arizona, Inc., as a senior director. He will be responsible for tenant and landlord representation for clients throughout the region.

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  • Colliers Completes Sale of Upscale Marana Center

    PHOENIX—Colliers International in Greater Phoenix recently sold the 82,450-square-foot Dove Mountain Centre, a high-end shopping center in Marana. This premier property is located at the main entrance to the Dove Mountain master-planned community.

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  • Colliers Completes Sale of 672-Unit Autumn Ridge

    PHOENIX—Colliers International in Greater Phoenix recently completed the sale of the 672-unit Autumn Ridge Apartments, a class B complex in North Phoenix.

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  • JLL Land Sale Brings Tractor Supply Co.

    PHOENIX—The Phoenix office of Jones Lang LaSalle has completed a 100-acre land sale that will bring a new Tractor Supply Company distribution center to the Central Arizona Commerce Park in Casa Grande.

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  • Keyser & Chermack Consulting Merge

    PHOENIX—Chermack Consulting Group, a Scottsdale-based, full-service project management firm representing global clients throughout the Southwest, announced today its agreement to merge with Keyser to lead Keyser’s rapidly growing project management division.

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  • MG Properties Pays $50M for AZ, CA Assets

    SAN DIEGO—According to MG’s Rob Singh ‘both properties are in strong sub-markets and therefore should benefit from long-term rental rate growth.’

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  • Freeport McMoRan Goes for $110M

    PHOENIX—New York City-based American Realty Capital has purchased the Freeport McMoRan Center for $110 million. The seller was CPE Office Owner LLC, a company formed by National Real Estate Advisors LLC out of Washington DC.

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  • ABI Brokers $14M Apartment Deal

    PHOENIX—ABI Multifamily has brokered the sale of a North Paradise Valley, 128-unit, multifamily property, Waterford on Tatum Apartments for $14 million or $110,742 per unit.

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  • RREEF Portfolio Goes for $41M

    PHOENIX—Companies formed by Westport, CT-based Greenfield Partners paid $41 million to purchase 575,430 square feet of office and industrial buildings in Phoenix and Tempe. In five separate sales, the seller was RREEF America REIT II Portfolio L.P., which is managed by Deutsche Asset & Wealth Management in Chicago.

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  • ABI Claims Second Condo Sale

    PHOENIX—ABI Multifamily has brokered the bulk condominium sale of Scottsdale Haciendas, a condo conversion community that is located in Scottsdale. The purchase consisted of 79 garden-style condominium and townhome units (out of an original 180 units total on the property) and transferred HOA control to the buyer.

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  • Deal-Tracker: CBRE Negotiates Hidden Cove Sale

    PHOENIX—In this edition of Deal-Tracker, Coastal Properties Corp. from Alberta, Canada has purchased Hidden Cove, a 150-unit multi-family property located at 2001 W. Union Hills Dr. in Phoenix, from Rosebud LLC of Beverly Hills.

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  • Whitestone Acquires Fulton Ranch Properties

    PHOENIX—Whitestone REIT announces the acquisitions of Fulton Ranch Towne Center for $29.3 million and The Promenade at Fulton Ranch for $18.6 million.

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  • NorthMarq Arranges $11M for Office Park

    PHOENIX—Shari Stults, vice president/mortgage banker at NorthMarq Capital’s Phoenix based regional office, secured $10.5 million in acquisition financing for Palm Valley Office Park I & II, located at 1616 & 1646 N. Litchfield Rd. in Goodyear.

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  • Failed Condo project is Re-Assembled

    PHOENIX—ABI Multifamily announces the sale of Southern Ridge, an apartment community platted as individual condos, located in Mesa. The sellers in the transaction included 57 separate ownership groups.

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  • HFF Closes $12M Sale

    PHOENIX—HFF has closed the sale of Normal Junction Distribution Center, a two-building, 140,314-square-foot distribution center in Tempe.

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  • IPA Arranges $41M Multiproperty Sale

    PHOENIX—Institutional Property Advisors, a division of Marcus & Millichap serving the needs of institutional and major private real estate investors, has arranged the sale of Indigo Creek, a 408-unit multifamily commercial real estate investment property in Glendale. The $40.5 million sales price equates to $99,000 per unit.

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  • LGE Design Build Starts Construction

    PHOENIX—LGE Design Build has broken ground and is currently in the process of constructing Crown Castle’s 70,000-square-foot, two-story class A office build-to-suit in Chandler.

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  • Faris Lee Investments Completes $12M Sale

    PHOENIX—Faris Lee Investments has completed the $12 million sale of a 45,000-square-foot, single tenant, NNN-leased retail property occupied by LA Fitness in Goodyear.

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  • JLL HIres Chris Latvaaho as VP in Leasing Group

    PHOENIX—The Phoenix office of Jones Lang LaSalle has hired local broker Chris Latvaaho as vice president in its Phoenix office leasing group.

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