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REALSHARE CONFERENCES
Real Estate 2010
March 16, 2010
The Westin Bonaventure Hotel
Los Angeles, CA
Washington, DC
March 23, 2010
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Student Housing
April 15-16, 2010
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Full 2010 Conference Schedule >
PHOENIX BREAKING NEWS
March 13, 2010
185 'Fractured' Condo Units Acquired

PHOENIX-The sale of partial condos La Terazza at Biltmore and Portofino for a combined $15 million show investor interest in half-sold projects. ... Full Story

Albertsons Pursuing Bankrupt Bashas'

PHOENIX-Albertsons woos Bashas', which entered Chapter 11, despite the latter's rejection of Albertsons' $290 million offer. ... Full Story

Nine-Month Marketing Sign of Times

MESA, AZ-The marketing and sale of the 82,373-square-foot Village Grove Shopping Center was prolonged due to pricing confusion and lack of comps. ... Full Story

130 Units Bought from Foreclosure

PHOENIX-Investors have anteed up $16 million to pay for a chunk of the 145-unit Century Plaza condominiums, which were sold by the lender. ... Full Story

HSL Pays $13M for Cabrillo

SCOTTSDALE, AZ-The Tucson buyer closes on the second of two Fairfield Residential deals, taking possession of the class B asset. ... Full Story

Opus West Files Suit Against Opus Corp.

PHOENIX-Debtors in possession of the regional operating arm claim the Minnesota-based parent company siphoned almost $150 million of earnings. ... Full Story

Differences Definite in Phoenix, Tucson

PHOENIX-Industrial experts tell different stories about the cities, that are 100 miles apart: Phoenix picks up while Tucson lags. ... Full Story

Elevation Chandler Ownership Uncertain

CHANDLER, AZ-The see-through condo project was in court due to two trustee sales in June. Attorneys for both sides presented their cases last week. ... Full Story

Solar Great, Financing Not so Much

PHOENIX-Though Arizona is attracting many solar companies, experts note that financing of solar and other renewable systems remains a challenge. ... Full Story

90,000-SF Office Asset is Fund's First

PHOENIX-REVA Catalyst Fund buys Phoenix Peak in a transaction valued at just under $10 million. Expect more buys to follow, the manager says. ... Full Story

SEC Resolves Mortgages Ltd. Case

PHOENIX-The Arizona Republic reports that Mortgage Ltd. Securities LLC's securities broker-dealer registration has been revoked. ... Full Story

BRE No Longer G&E, Now Cassidy Turley

PHOENIX-Though the original plan was to shift form the Grubb & Ellis brand to its new name in March, the new name takes effect immediately. ... Full Story

Morgan Park Bought from Foreclosure

PHOENIX-The 428-unit, class B asset, which once belonged to Atherton-Newport, is now in the hands of Northwind Properties for $18.5 million. ... Full Story

Foreclosure Auction Set for Centerpoint

TEMPE, AZ-Following a months-long battle to find financing to complete the luxury condominium towers, the developer throws in the towel. ... Full Story

G&E to PHX: We're Not Going Anywhere

PHOENIX-Days after BRE LLC split from Grubb & Ellis, the latter unveils plans to launch owned-and-operated branches in these cities. ... Full Story

HSL Spends $16M on Casa Santa Fe

SCOTTSDALE, AZ-The Arizona company lays claim to the 264-unit, class B complex, buying it from Fairfield Residential. ... Full Story

Healthcare Trust Closes on 641,000 SF

SUN CITY, AZ-The Scottsdale, AZ-based REIT pays $107 million to Roskamp Management Co. for its 17-asset medical office building portfolio. ... Full Story

CityNorth Developer Faces $290M Foreclosure

PHOENIX-The Business Journal reports Capmark Finance is owed on the 627,000-square-foot mixed-use development spearheaded by Klutznick Co. ... Full Story

2009 Year of 'No Activity'

PHOENIX-As housing goes, so goes retail. But experts note that housing is starting to stir, a little, and retail is likely to follow in 2010. ... Full Story

ALR Enters PHX Metro with 204-Unit Buy

AVONDALE, AZ-Adams LaSalle acquires Newport Apartments from AIMCO for north of $8 million, and is seeking additional buys in the area. ... Full Story

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