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  • IPA Brokers $55.5 Million Multifamily Sale in Tempe

    IPA Brokers $55.5 Million Multifamily Sale in Tempe

    Tempe, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of The Davenport, a 442-unit multifamily asset in Tempe, Arizona. The $55.5 million sales price equates to $125,566 per unit. “The Davenport is a retro-inspired multifamily property that benefits from more than 31 million square feet of

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  • CBRE Arranges $14.6 Million Sale of Office Asset in I-17 Corridor

    CBRE Arranges $14.6 Million Sale of Office Asset in I-17 Corridor

    Phoenix, Ariz. – CBRE has completed the $14.6 million sale of Desert Canyon 200, a three-story, multi-tenant Class A office building located at 2421 Peoria Ave. in Phoenix. The 98,863-square-foot property sits on 6.74 acres within the 22-acre, three-building Desert Canyon Corporate Campus. Barry Gabel and Chris Marchildon with CBRE Capital Markets, Institutional Properties in

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  • Davis Enterprises Completes Construction of 80,000 SF Deer Valley Industrial Project; Announces Space is 80 Percent Leased

    Davis Enterprises Completes Construction of 80,000 SF Deer Valley Industrial Project; Announces Space is 80 Percent Leased

    Davis Enterprises is pleased to announce the completion of Enterprise Deer Valley, an 80,000 SF three-building office and industrial project near the I-17 on Deer Valley Rd. Phoenix, Ariz. – Davis Enterprises, a family owned business with investment and redevelopment projects throughout the Valley, has completed construction of a three-building, 78,000+ square feet, new office

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  • Commercial Properties Inc. Announces $2 Million Sale of Retail Center in Peoria

    Commercial Properties Inc. Announces $2 Million Sale of Retail Center in Peoria

    Phoenix, Ariz. – Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 9015 W. Union Hills in Peoria.  Comprised of 8,767 SF of retail and office spaces, the property sold for $2,000,000 ($228.12 PSF) and consists of strong regional, national franchise and local operators. CPI’s

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  • Lincoln Property Company Wins Twice at 2018 BOMA Awards

    Lincoln Property Company Wins Twice at 2018 BOMA Awards

    Earns “The Outstanding Building of the Year” for Luhrs City Center and 2777 Camelback Phoenix, Ariz. – Development and property management leader Lincoln Property Company (LPC) has taken home two “The Outstanding Building of the Year” (TOBY) awards for its management of the historic Luhrs City Center, located in downtown Phoenix, and 2777 Camelback, located in the

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  • Menlo Group Announces Lease of Arrowhead Professional Medical Plaza

    Menlo Group Announces Lease of Arrowhead Professional Medical Plaza

    Menlo Group advisors represented both the tenant and the landlord in the leasing of 25,000 SF of the Glendale medical office complex. Tempe, Ariz. – Menlo Group Commercial Real Estate has announced the 10-year lease of 25,000 square feet of the Arrowhead Professional Medical Plaza located at 16222 N. 59th Ave. in Glendale, Ariz. Both the tenant

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