What's Hot

    Developer Proposing 83-Unit Condo Project in Flagstaff

    July 25, 2025

    BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing

    July 25, 2025

    GO Industrial Planning Car Storage Facility in Phoenix

    July 25, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 25, 2025] - Developer Proposing 83-Unit Condo Project in Flagstaff
    • [July 25, 2025] - BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing
    • [July 25, 2025] - GO Industrial Planning Car Storage Facility in Phoenix
    • [July 25, 2025] - Arizona Projects 07-25-25
    • [July 23, 2025] - Mohave County May Remove Data Centers as Economic Development Goal
    • [July 23, 2025] - Yuma P&Z Recommends Multifamily General Plan Amendment
    • [July 22, 2025] - Ariz. Construction Gained 600 Jobs in June
    • [July 22, 2025] - Yavapai Board Enables Bid Process for Cornville Road Roundabout
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Developer Proposing 83-Unit Condo Project in Flagstaff

      July 25, 2025

      BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing

      July 25, 2025

      GO Industrial Planning Car Storage Facility in Phoenix

      July 25, 2025

      Yuma P&Z Recommends Multifamily General Plan Amendment

      July 23, 2025

      Mohave County May Remove Data Centers as Economic Development Goal

      July 23, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      Scottsdale Report Shows Multifamily Pipeline Half of Common Estimate

      July 22, 2025

      Alleging Breaches, ZenniHome Closes NGS Operations

      July 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Commercial Real Estate 07-22-25

      July 22, 2025

      Commercial Real Estate 07-15-25

      July 15, 2025

      Commercial Real Estate 07-08-25

      July 8, 2025

      Commercial Real Estate 07-01-25

      July 1, 2025

      Industry Professionals 07-22-25

      July 22, 2025

      Industry Professionals 07-15-25

      July 15, 2025

      Industry Professionals 07-08-25

      July 8, 2025

      Industry Professionals 07-01-25

      July 1, 2025

      Arizona Projects 07-25-25

      July 25, 2025

      Arizona Projects 07-18-25

      July 18, 2025

      Arizona Projects 07-11-25

      July 11, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Mohave County May Remove Data Centers as Economic Development Goal

      July 23, 2025

      Alleging Breaches, ZenniHome Closes NGS Operations

      July 21, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      BEX Updates Construction Sector Projections in Annual Mid-Year Update

      July 18, 2025

      Phoenix Industrial Sees First Vacancy Drop in Years; YoY Completions Drop 75%

      July 18, 2025

      Phoenix Construction Costs See 4.42% Q2 Annual Change

      July 15, 2025

      Developer Proposing 83-Unit Condo Project in Flagstaff

      July 25, 2025

      BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing

      July 25, 2025

      GO Industrial Planning Car Storage Facility in Phoenix

      July 25, 2025

      Arizona Projects 07-25-25

      July 25, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
      • 2025 Industrial LMS
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Commercial Real Estate » Commercial Real Estate News 08-17-21
    Commercial Real Estate

    Commercial Real Estate News 08-17-21

    BEX StaffBy BEX StaffAugust 17, 2021No Comments5 Mins Read
    15. AZ Ave and Chandler Blvd. Credit: AZRE
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions 

    1. American Realty Advisors has acquired Goodyear Logistics Center, a 901.7KSF Class A industrial asset at 575 S. 143rd Avenue in Goodyear for an undisclosed amount. The undisclosed seller was represented by CBRE National Partners. The property is being managed by Lincoln Property Company and is currently being leased by Cooper Fratt of CBRE. 

    2. Acacia Capital Corporation purchased Arrive Ocotillo, a 272-unit multifamily community in Chandler for $95.65M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, FPA Multifamily. 

    3. Macquarie Asset Management purchased CASA, an experiential, Class A office redevelopment bringing next-generation amenities at 7878 N. 16th Street, Phoenix, for $56.5M. JLL’s Benjamin Geelan and Brian Ackerman represented George Oliver on the building sale. 

    4. Dansons purchased a vacant, two-story, 200KSF vacant office building at 8877 N. Gainey Center Drive, Scottsdale, for $39M. Cushman & Wakefield’s Dave Carder and Scott Boardman in Phoenix represented the buyer, and Fred Darche and Spencer Nast with Lee & Associates represented the seller. The building was formerly occupied by a Fortune 100 Insurance Company. 

    5. A New York-based buyer purchased 92Forty Scottsdale Apartments, a 110-unit multifamily apartment property at 9240 East Redfield Road, Scottsdale, for $35M, from APRA Capital, LLC. ABI Multifamily‘s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick – facilitated the transaction. 

    6. Richmond America Homes and Oakwood Homes purchased nearly 80 acres at Cross Creek Ranch, located just east of NEC West Vah Ki Inn Road and North Skousen Road, Coolidge, for $27.5M. Land Advisors Organization’s Homebuilding Team of Ben Heglie, Bret Rinehart and Ryan Semro represented the buyer. 

    7. TerraCap Management LLC purchased the Airport Technology Center, a two-building, two-story, Class A office development in Phoenix, for $24.6M, from Lone Star Funds. Chad Littell and Chris Toci of Cushman & Wakefield represented the seller. 

    8. Andre Golnazarian purchased 114-unit portfolio made up of the 48-unit Wilshire Place apartment community located at 6721 N. 25th Drive, the 44-unit Canyon Greens community at 6310 N. Black Canyon Highway, and the 22-unit Maryland Palms community at 2507 W. Maryland Avenue, for a total of $15M. Paul Bay and Darrell Moffitt with Marcus & Millichap procured the buyer and exclusively listed and sold all three properties on behalf of the sellers – both of whom were private individuals. 

    9. An undisclosed buyer purchased +/- 307 acres located at the NEC of Rainbow Road and MC-85, Buckeye, for $9.725M. Brad Kuiper, Howard Weinstein, and Patty Lafferty of The Land Agency represented the seller, Rainbow & Monroe 480, LLC. The property has a dairy farm and irrigated farm ground. The Lamb Family operated a dairy on this site for many years. 

    10. An undisclosed buyer purchased Porto Fino, a 66-unit apartment complex at 3547 E. Van Buren Street, Phoenix, for $8.35M. Zack Mishkin, Senior Vice President at ORION Investment Real Estate, negotiated the transaction. The sellers were undisclosed. 

    11. Sunlit Chemical bought 17 acres from Mack Real Estate Group near Seventh Avenue and Alameda Road in the Mack Innovation Park, for $8.2M. Sunlit Chemical is the first prominent supplier to announce a real estate purchase to serve Taiwan Semiconductor Manufacturing Co. Ltd.’s massive north Phoenix plant. 

    12. Prop Thirteen, LLC purchased ±10.2 acres of land at SWC of Loop 202 and Cooper Road, Chandler, for $4.885M. NAI Horizon’s Chris Gerow, Shelby Tworek and Gabe Ortega represented the seller, DDC Hotels, Inc. The buyer was represented by Greg Laing with Phoenix Commercial Advisors. 

    13. Sierra Vista Mall Realty Holdings, LLC purchased The Mall at Sierra Vista, a 437.9KSF, single-story enclosed mall at 2200 El Mercado Loop, Sierra Vista, for $4.265M, from Sierra Vista Mall, LLC. Nancy McClure of CBRE in Tucson along with Phil Voorhees, Jimmy Slusher, Trent Steeves of CBRE’s National Retail Partners – West represented the seller. 

    14. Cabana Southern, LLC purchased ±8.63 acres of land at Southern Avenue and Crismon Road, Mesa, for $3.8M. NAI Horizon’s Laurel Lewis represented the buyer. The seller, Sunny Acres, LLC and Montgomery 320, LLC was represented by The Real Estate Office of Rick Brandt. 

    15. Bruce D. Raskin bought 3.83 acres of land at the SWC of Arizona Avenue and Chandler Boulevard, Chandler, for $3.775M, from Next Gen Development.  

    16. A private investor from Paradise Valley purchased 1.2 acres of infill land located at the SWC of 24th Street and Campbell Avenue, Phoenix, for $2.15M. The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the retail building sale on behalf of the seller, a private investor from Phoenix. Andy Kroot of Kroot & Associates represented the buyer. 

    17. Jason and Tonja Howard purchased a 10.6KSF industrial building at 9321 N. 94th Street, Scottsdale, for $2M, from MASH LLC. Steve Grossoehme of Rein & Grossoehme Commercial Real Estate represented the seller and buyer. 

    Lease Transactions 

    18. Highland Valley Partners, LLC, leased 104.7KSF of industrial space from US REIF Tucson Commerce Center Arizona, LLC, located in the Tucson Commerce Center, 3000 E. Elvira Road, Tucson. Jesse Blum, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. 

    19. NAI Horizon’s Isy Sonabend and Drew Eisen represented the tenant, JDS Industries in a 91-month industrial lease for 64KSF at 9191 W. Buckeye Road, Tolleson. The landlord, CRP/MarWest was represented by Gary Anderson with Cushman & Wakefield. 

    20. Array Technologies is relocating from its current Chandler office and will lease 28.6KSF at Hines’ Chandler Viridian office development. Andrew Medley from JLL represented Array Technologies. The leasing team that represented Hines in the transaction was Jerry Roberts and Pat Boyle at Cushman and Wakefield. 

    21. KOAM leased 20KSF in Phoenix’s warehouse district to serve as the company’s first West Coast location. Josh Wyss and Christian Coraggio with Cushman & Wakefield represented KOAM in the lease and Scott Wily and Todd Hamilton with Citywide Commercial Real Estate represented the owner of the building located at 1323 E. Jackson Street. 

    22. NAI Horizon’s Isy Sonabend and Drew Eisen represented the tenant, Elliot Electric Supply, Inc. in a 127-month industrial lease for 13,000 SF at 1205 N. Elideo Felix Jr Way, Avondale. The landlord, BHRP OZ JV II, LLC was represented by Mike Gilbert with Cushman & Wakefield. 

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 07-22-25

    July 22, 2025

    Commercial Real Estate 07-15-25

    July 15, 2025

    Commercial Real Estate 07-08-25

    July 8, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Developer Proposing 83-Unit Condo Project in Flagstaff

    July 25, 2025

    BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing

    July 25, 2025

    GO Industrial Planning Car Storage Facility in Phoenix

    July 25, 2025

    Arizona Projects 07-25-25

    July 25, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Developer Proposing 83-Unit Condo Project in Flagstaff

    July 25, 20250

    By Roland Murphy for AZBEX Red Oak Development Group is planning to build an 83-unit…

    BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing

    July 25, 2025

    GO Industrial Planning Car Storage Facility in Phoenix

    July 25, 2025

    Arizona Projects 07-25-25

    July 25, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Developer Proposing 83-Unit Condo Project in Flagstaff

    July 25, 2025

    BNSF Looks to Combine Plan Amendment, Rezoning in 1 County Hearing

    July 25, 2025

    GO Industrial Planning Car Storage Facility in Phoenix

    July 25, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.