Commercial Real Estate

  • Sales Transactions  1. Federal Realty Investment Trust purchased the Camelback Colonnade, a shopping mall at 4724 N. 20th Street, Phoenix, for $162.5M. The seller was RED Development.  2. Decron Properties purchased Aura on Broadway, a multifamily community at 1221 E. Broadway Road, Tempe, for $64.75M. Brass Enterprises was the seller.  3. Kohlberg ...
  • Sales Transactions 1. Sunroad Enterprises purchased Parcland Crossing, a 383-unit multifamily community at 800 W. Willis Road, Chandler, for $125M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, PrivatePortfolio Group. 2. A partnership between Highgate ...
  • Sales Transactions 1. Sares Regis Group purchased Level at Sixteenth, a 240-unit, mid-rise apartment community at the intersection of 16th Street and Camelback Road, Phoenix, for $69.1M. Steve Gebing and Cliff David with Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the ...

Trends

Trends

LMS Discusses Office & Retail Markets

By Tasha Anderson for AZBEX  COVID-19 definitely slowed certain markets down in 2020. Retailers briefly shut down and employers closed offices to allow their employees to work from home; however, the Phoenix office and retail markets are certainly not