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PHOENIX—Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million. Exeter Property Group, headquartered in Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT.
TUCSON—ORION Investment Real Estate completed the sale of Paloma Village Center in Tucson. The 37,739-square-foot center sold for $17.2 million to HRA Paloma LP, a commercial real estate entity affiliated with Hannay Realty Advisors based in Phoenix.
PHOENIX—Matt Nebeker has rejoined the Office Properties Division of Cushman & Wakefield of Arizona, Inc. Nebeker is a 10-year veteran of the Phoenix commercial real estate industry, focusing on East Valley office leasing.
PHOENIX—Palisades Private Capital Fund I, a $50-million fund sponsored by Palisades Mexico Partners, has acquired, 4141 N. Scottsdale Rd., a 147,356-square-foot, 91.3% leased, three-story class A office building in Scottsdale.
PHOENIX—Bob Mulhern is managing director of Colliers International in Greater Phoenix, a full-service commercial real estate firm providing integrated services to clients locally and globally for more than 30 years. Mulhern manages the brokerage operations of two offices located in Phoenix and Scottsdale, with more than 100 professionals. GlobeSt.com caught up with Mulhern to find out just what he does After Hours.
PHOENIX—Tempe-based Hudson Retail Center, LLC has sold two single-tenant, net-leased investment properties in Tempe to Rosebud Tempe One, LLC of Palm Beach. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road.
PHOENIX—Officials from Harvard Investments, Lincoln Property Company, the city of Mesa and anchor tenant American Traffic Solutions were on hand for the groundbreaking of Waypoint, a two-building, 258-square-foot class A office campus in Mesa, that is nearly 50% pre-leased to ATS.
PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the nearly $5 million sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet.
PHOENIX—LGE Design Build has constructed a 50,000-square-foot regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale.
PHOENIX—TM Equities of Salt Lake City has purchased Trillium Cave Creek, a 292-unit apartment community located at 20050 N. Cave Creek Rd. in Phoenix, from Phoenix-based Trillium Residential.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource