What's Hot

    City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event

    May 16, 2025

    Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project

    May 16, 2025

    Glendale Voters to Determine VAI Resort’s Fate

    May 16, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [May 16, 2025] - City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event
    • [May 16, 2025] - Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project
    • [May 16, 2025] - Glendale Voters to Determine VAI Resort’s Fate
    • [May 16, 2025] - Backlogs, Confidence Increase in April
    • [May 16, 2025] - Arizona Projects 05-16-25
    • [May 14, 2025] - Labor Department Issues New Guidance on Independent Contractor Classification
    • [May 14, 2025] - City Will Spend $522M Preparing Peoria Innovation
    • [May 14, 2025] - ADOT to Hold Hearing on Tentative 5-Year Construction Plan
    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

      Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project

      May 16, 2025

      City Will Spend $522M Preparing Peoria Innovation

      May 14, 2025

      Industrial Rezoning Sought for 369 Acres in Douglas

      May 13, 2025

      Pinal BOS Okays Rezone for Spec Industrial Park

      May 13, 2025

      City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event

      May 16, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      ADOT to Hold Hearing on Tentative 5-Year Construction Plan

      May 14, 2025

      ASPE Panel Discusses Tariffs, Uncertainty and Optimism

      May 2, 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

      Scottsdale Water Needs $50M for ‘Toilet to Taps’

      May 9, 2025

      Phoenix Releases $11.5B, 5-Year CIP with Nearly 1,000 Projects

      April 1, 2025

      Buckeye Starts Planning Bond Funding Outlays

      February 26, 2025

      $400M of Federal Funding in Limbo for Phoenix Plans

      February 14, 2025

      Commercial Real Estate 05-13-25

      May 13, 2025

      Commercial Real Estate 05-06-25

      May 6, 2025

      Commercial Real Estate 04-29-25

      April 29, 2025

      Commercial Real Estate 04-22-25

      April 22, 2025

      Industry Professionals 05-13-25

      May 13, 2025

      Industry Professionals 05-06-25

      May 6, 2025

      Industry Professionals 04-29-25

      April 29, 2025

      Industry Professionals 04-22-25

      April 22, 2025

      Arizona Projects 05-16-25

      May 16, 2025

      Arizona Projects 05-09-25

      May 9, 2025

      Arizona Projects 05-02-25

      May 2, 2025

      Arizona Projects 04-25-25

      April 26, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Executive Order Will Streamline Federal Acquisition Regulations System

      April 26, 2025

      Legislation to Save Axon Plan Continues to Advance

      April 16, 2025

      Court Issues Summary Judgment in X Phoenix Case

      April 16, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025

      Multifamily Developer Confidence Down in Q1

      May 13, 2025

      U.S. Construction Added 11,000 Jobs in April

      May 6, 2025

      Jobsite Safety Can Improve 7x with Best Practices

      May 6, 2025

      City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event

      May 16, 2025

      Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project

      May 16, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • Housing Projects on the Horizon
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Commercial Real Estate » Commercial Real Estate Transactions 10-20-20
    Commercial Real Estate

    Commercial Real Estate Transactions 10-20-20

    BEX StaffBy BEX StaffOctober 20, 2020No Comments3 Mins Read
    12. CBD Emporium. Credit: Connect Media
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions 
    1. Western Wealth Capital acquired Onnix Apartments, a 659-unit multifamily property at 1500 E. Broadway Road, Tempe, for $117.5M. The seller was Bridge Investment Group Partners. Institutional Property Advisors Arizona’s Cliff David and Steve Gebing handled the transaction. 
    2. An entity affiliated with Cortland Partners acquired The Angela, a 253-unit Class A multifamily community at 2727 E. Camelback Road, Phoenix, for $117M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch and Mark McFate represented the sellers, StreetLights Residential and Nexpoint Advisors. 
    3. Tides Equities LLC purchased the 472-unit Midtown on Main apartment complex at 2121 W. Main Street, Mesa, for $86.5M. 
    4. An undisclosed buyer purchased Elux at Tramonto, a 138-unit garden-style multifamily property at 35035 N. North Valley Parkway, Phoenix, for $34.7M. Managing Directors Ric Holway and Mark Forrester and Senior Director Dan Cheyne of Berkadia’s Phoenix office represented the seller, Snowden Partners. 
    5. A private investor purchased Arizona Storage Center, a 424-unit, 55KSF self-storage facility at 18211 W. McDowell Road, Phoenix, for an undisclosed amount. Executive Directors Paul Boyle and Rick Danis with Cushman & Wakefield’s Self Storage Advisory Group in Phoenix represented the seller, an entity operating under the name of FRC Goodyear LLC. 
    6. An individual/personal trust purchased Berridge Villa, a 40-unit apartment property at 2040 W. Berridge Lane, Phoenix, for $3.9M. Paul Bay and Darrell Moffitt, senior vice president investments at Marcus & Millichap, procured the buyer and had the exclusive listing to market the property on behalf of the seller, a developer. 
    7. Top Ten Partners LP, a local 1031 buyer, purchased the Commonwealth Business Park, a three-building, 34.7KSF industrial warehouse portfolio at 116 N. Roosevelt Avenue, Chandler, for $3.5M. The Leroy Breinholt Team at Commercial Properties Incorporated represented the buyer and seller, Elbert L. Adams Trust. 
    8. R5 Investments, LLC purchased a newly completed, 7.1KSF triple net leased Big-O-Tires at 2250 S. 75th Avenue, Phoenix, for $3.2M. Chris Hollenbeck and Shane Carter with Cushman & Wakefield’s Phoenix office represented the seller, HH-Estrella, LLC. 
    9. Pomona Properties, LLC purchased a 10.5KSF freestanding office building at 5220 N. Dysart Road, Bldg. C, in Litchfield Park for $2.5M. The Menlo Group team assisted in the sale and Kurt Nishimura of Coldwell Banker Biltmore represented the buyer.  
    10. Abe & Nancy Porter, 1031 buyers, purchased The Lido, an 11-unit, two-story apartment complex at 27th Street and Thomas Road, Phoenix, for $2.189M. Zack Mishkin of ORION Investment Real Estate represented the Seller Joseph Risi of Risi Companies, while Jeffrey Sibbach represented the buyers. 
    11. An limited liability company purchased the Red Rock MHP & OK RV Park, a 17-acre RV park with attached mobile home park at 1576 Roadrunner Road, Holbrook, for $2.05M. Michael Escobedo, an investment specialist in Marcus & Millichap’s Phoenix office, procured the buyer. 
    Lease Transactions 
    12. DAUM Commercial Real Estate Services arranged the 7.5-year lease of a nearly 16.5KSF flex/industrial building at Metro Industrial Center, 2424 W. Desert Cove Avenue, Phoenix. CBD Emporium, a health and wellness company specializing in hemp-derived CBD products, will use the facility as its new corporate headquarters. Daum’s Carter Wilson and David Wilson represented both the tenant and landlord, an unnamed California-based private investor. 
    13. Hopebridge, a national autism therapy center, recently signed two leases. One was for 12.8KSF on the first floor of Baywood Health Center, 6550 E. Broadway Road, Mesa. The landlord is Legend Real Estate Management. The second was for an eight-year lease at 5220 N. Dysart Road, Bldg. C, in Litchfield Park. The landlord is Lear Leasing, Inc. Matt Waggoner and Kyle Seeger of JLL represented Hopebridge. Legend Real Estate was represented by Steve Berghoff, CCIM, SIOR and Tanner Milne, MBA, CCIM, SIOR of Menlo Group. Lear Leasing was represented by Berghoff and Stuart Milne, CCIM, of Menlo Group. 

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 05-13-25

    May 13, 2025

    Commercial Real Estate 05-06-25

    May 6, 2025

    Commercial Real Estate 04-29-25

    April 29, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event

    May 16, 2025

    Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project

    May 16, 2025

    Glendale Voters to Determine VAI Resort’s Fate

    May 16, 2025

    Backlogs, Confidence Increase in April

    May 16, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Local News

    City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event

    May 16, 20250

    By Roland Murphy for AZBEX Faced with cost escalations, uncertain economic conditions, budget constraints, leadership…

    Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project

    May 16, 2025

    Glendale Voters to Determine VAI Resort’s Fate

    May 16, 2025

    Backlogs, Confidence Increase in April

    May 16, 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

    City Engineers Stress Collaboration, Adaptability at BEX Public Projects Event

    May 16, 2025

    Tempe DRC Recommends 105-Unit, 271 Bed Student Housing Project

    May 16, 2025

    Glendale Voters to Determine VAI Resort’s Fate

    May 16, 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.