ARTEMIS REALTY CAPITAL, LLC FUNDS $1,100,000 FOR 11 FINISHED LOTS

Artemis Realty Capital, LLC recently funded a $1,100,000 short-term bridge loan for a three-time repeat borrower. The Artemis refinance allowed the developer to capitalize on competitive market rates and a pay-down structure that is beneficial to both parties. The lots are located within the Spectrum at Val Vista community in Gilbert, offering future home owners…

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Former Ashley Furniture Warehouse Sells for $3.95M to RacePRO Products

A 140,651 SF former Ashley Furniture distribution building at 2929 NW Grand Ave., Phoenix, has recently sold to RacePRO Products for $3,950,000. Price per SF was calculated at $28.08. Lee & Associates Arizona Principals Rick Robertson and Scott Smith negotiated the transaction on behalf of the seller, Southwestern Furniture of Wisconsin, LLC, Arcadia, WI. Alexy…

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COMMLOAN’S NEW CTO TO SPEARHEAD RAPIDLY GROWING TECHNOLOGY PLATFORM

CommLoan, a revolutionary commercial mortgage real estate lending platform, announced today that Peeyush Dayal has joined the company’s leadership team as Chief Technology Officer. Dayal, who has been instrumental since the company’s inception, will oversee the company’s technological assets and drive the innovation strategy.   “We are very pleased to have Peeyush join the team,”…

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STOCKDALE CAPITAL AND JASPER RIDGE PARTNERS FORM JOINT VENTURE TO RECAPITALIZE $142.5M GALLERIA CORPORATE CENTER IN SCOTTSDALE

Stockdale Capital Partners and Jasper Ridge Partners have formed an institutional joint venture to recapitalize ownership of the Galleria Corporate Center in Scottsdale, AZ.   The joint venture is the first partnership between the two firms.   Jasper Ridge is a discretionary investment manager with more than $15 billion in assets and offices in Menlo Park,…

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Valley Partnership 2017 Community Project Grant Opportunity

Founded in 1987, Valley Partnership is the real estate industry leader advocating for responsible growth policies through public private partnerships that positively impact growth and economic development. One of our cornerstones is community service. Each year, Valley Partnership selects a non-profit organization that can benefit from the skills, efforts and supplies provided by our members…

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Colliers International Completes $3.5M Sale of a Net Lease Property in Glendale Occupied by Drive Time Automotive Group Inc.

Colliers International in New York City, supported by Greater Phoenix, sold a single-tenant, net-leased retail site located at 5104 W. Glendale for $3.5 million.   Proinvest 99 Glendale AZ, LLC purchased the fully leased property from Verde Investments Inc. Dmitry Levkov, managing director Colliers NYC, in collaboration with local broker Marc Bonilla of Colliers Scottsdale,…

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Robson Resort Communities Wins Top Honors at Eliant Homebuyers’ Choice Awards

For the fifth consecutive year, the Robson Communities, Inc. and its affiliated companies have been recognized with a first place award for Overall First-Year Quality in the High Volume Builder segment at the annual Eliant Homebuyers’ Choice Awards competition. In addition to receiving the Overall First-Year Quality in the High Volume Builder segment, Robson Communities,…

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Sports grill helps Chandler site get back in the game Sigma Contracting, DPA Architects breathe life into area

The ownership team of Blue 32 Sports Grill continued its business plan of expansion by engaging a pair of locally owned companies to design and construct its fourth location, bringing life to a Southeast Valley corner that has been a blight for Chandler residents. Scottsdale-based firms Sigma Contracting and DPA Architects collaborated on the 4,000…

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Four Tempe Industrial Properties Trade for $4.1M at Eaton Freeway Park

Four Tempe industrial warehouse buildings totalling 62,287 SF recently sold in two separate transactions for a combined $4,075,000 or $65.42 per SF. Lee & Associates Principal Ken McQueen represented the owners, GD Eaton Freeway, LLC, Providence, RI in both deals. Huntington Geneva, LLC, a holding entity for Solar Junction, San Jose, CA, acquired 2507 W.…

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LGE Design Build Starts Construction on 15,000 SF Retail Store for Guitar Center, Business Expands in Tempe

LGE Design Build recently began construction on a new, 15,000 square-foot addition to the Emerald Center, a sprawling, 2 million square-foot mixed-use project that will bring countless jobs and considerable retail traffic to the area.   The groundbreaking for the new addition, which will house Guitar Center, the world’s single-largest supplier of guitars, amplifiers, drums,…

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