Commercial Real Estate News 06-19-18
Sales Transactions 1. CBRE announced today that the National Retail Partners-West (NRP-West) completed the sale of the 533KSF Westgate Entertainment District in Phoenix for Click here to read the full article.
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Commercial Real Estate News 06-12-18
Sales Transactions 1. Sunbelt Land Holdings LP was the successful bidder on just over 93 acres of land located South and West of the SW corner of 19th Ave. & Bell. 2. HFF Click here to read the full article.
Commercial Real Estate News 06-05-18
Sales Transactions 1. CBRE has brokered the $75.1M sale of Galleria Palms, a 424-unit, garden-style multifamily community in Tempe, Arizona. Tyler Anderson, Sean Cunningham, Click here to read the full article.
Commercial Real Estate News 05-29-18
Sales Transactions 1. Tides Equities LLC has paid $37.25M for the 376-unit Fairways at Cave Creek, with plans to invest about $7M to renovate the property. The company also Click here to read the full article.
Commercial Real Estate News 05-22-18
Sales Transactions 1. Institutional Property Advisors, a division of Marcus & Millichap, announces the sale of Alta Steelyard Lofts, a core Class “A” mid-rise, Click here to read the full article.
Commercial Real Estate News 05-15-18
Sales Transactions 1. Alta Vista Communities of Tucson, an affiliate of Aerie Development, sold Avilla I & Avilla II luxury communities in Tucson for $42.3M ($231,169 per Click here to read the full article.
Commercial Real Estate News 05-08-18
Sales Transactions 1. The 40-story Chase Tower in downtown Phoenix recently was purchased by 201 North Central Avenue Property LLC, a joint venture between Wentworth Property Click here to read the full article.
Commercial Real Estate News 05-01-18
Sales Transactions 1. The 740-room Arizona Biltmore resort has been sold for $403.4M. The purchaser was Blackstone Real Estate Advisors. 2. Winning bidder D.R. Horton Inc. Click here to read the full article.
Commercial Real Estate News 04-24-18
Sales Transactions 1. Working on behalf of the Griffin Capital Essential Asset REIT, Griffin Capital Co. has acquired the McKesson Scottsdale Campus from Ryan Companies US Click here to read the full article.
Commercial Real Estate News 04-17-18
Sales Transactions 1. CBRE announced the $31.15M sale of a 426-unit multifamily portfolio consisting of one- and two-bedroom casitas in 28 communities across the greater Click here to read the full article.
Commercial Real Estate News 04-10-18
Sales Transactions 1. Greystone announced it has provided a $35.8M Fannie Mae DUS loan for the acquisition of Aldea at Estrella Falls in Goodyear. The transaction was Click here to read the full article.
Commercial Real Estate News 04-03-18
Sales Transactions 1. Colliers International negotiated the sale of the Summerhill Place apartments in Glendale for $19.8M. The “HSK Team” of Bill Hahn, Trevor Koskovich Click here to read the full article.
Commercial Real Estate News 03-27-18
Sales Transactions 1. CBRE negotiated the $54M sale of Tuscany Ridge, a 336-unit Class A multifamily community, in Peoria. Tyler Anderson, Sean Cunningham, Asher Gunter and Click here to read the full article.
Commercial Real Estate News 03-20-18
Sales Transactions 1. Continental Realty Advisors partnered with GTIS Partners to acquire the 240-unit San Palmas at Mission Park apartment complex in Chandler for Click here to read the full article.
Commercial Real Estate News 03-13-18
Sales Transactions 1. DiamondRock Hospitality Company announced that it has acquired the Kimpton Hotel Palomar, a lifestyle boutique hotel in downtown Phoenix. The purchase Click here to read the full article.
Commercial Real Estate News 03-06-18
Sales Transactions 1. A 92.6KSF Class A office building in Scottsdale that serves as a PayPal operations center has sold for $30.5M. Rob Edwards and Tom Ethington with Click here to read the full article.
Commercial Real Estate News 02-27-18
Sales Transactions 1. Cushman & Wakefield completed the sale of the Carlyle at South Mountain Townhomes & Apartments, located at 5151 E. Guadalupe Road and 5102 Click here to read the full article.
Commercial Real Estate News 02-20-18
Sales Transactions 1. Western Wealth Capital recently acquired Villatree, a 150-unit multifamily community in Tempe for $17.35M, increasing the company’s total number of Click here to read the full article.
Commercial Real Estate News 02-13-18
Sales Transactions CBRE has completed the $53.14M sale of Aldea at Estrella Falls, a 328-unit Class A multifamily property, at 2400 N. Bullard Ave. in Goodyear. Tyler Click here to read the full article.
Commercial Real Estate News 02-06-18
Sales Transactions 1. Optima Sonoran Village near the Scottsdale Waterfront has sold for a record $210.4M. The complex on Camelback Road and 68th Street across from Click here to read the full article.
Commercial Real Estate News 01-30-18
Miscellaneous 1. The Fidelity National Title Agency | Camelback Lakes team announced it closed on Pima County Industrial Development Authority Education Facility Revenue Click here to read the full article.
Commercial Real Estate News 01-23-18
Sales Transactions 1. Rich Uncles NNN REIT Inc. of Costa Mesa, Calif. expanded into the Phoenix market through a $26.5M purchase of AvAir’s headquarters. The 163KSF Click here to read the full article.
Commercial Real Estate News 01-16-18
Sales Transactions 1. Florida-based Avesta Communities has entered the Arizona real estate market with its $58M purchase of the 320-unit Coronado Crossing apartment complex Click here to read the full article.
Commercial Real Estate News 01-09-18
Sales Transactions 1. Walker & Dunlop Inc. forged an $86M refinancing deal for Class A properties in Phoenix, Tempe and Scottsdale. The Arizona portfolio with the new Click here to read the full article.
Commercial Real Estate News 12-19-17
Sales Transactions 1. Two multifamily properties, Avilla Marana I and II in Marana totaling 284 units sold for $45.44M. Art Wadlund and Clint Wadlund of Berkadia Real Estate Click here to read the full article.
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