ABI Brokers $43.5M Sale of Apartment Community near Intel

ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $43,500,000 / $168,605 Per Unit sale of the Chuparosas Apartments located in Chandler, Arizona. Chuparosas is a two story, garden-style apartment community which rests on approximately 17.13 acres. The property was built in 2007 of frame construction with…

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Maracay Homes Closes on $12.42 Million Land Purchase at the Lakes at Annecy in Gilbert, AZ

Land and Advisors Organization recently brokered the $12,420,000 purchase of 216 finished homesites in Gilbert, Arizona. Ryan Semro and Bret Rinehart of Land Advisors Organization brokered the cash transaction between Maracay Homes, a wholly owned company of the TRI Pointe Groupe, and the seller, Annecy Recovery Acquisition, LLC. The East Valley is rapidly expanding and…

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Luxury Multi-Housing Asset with Value-Add Potential Sold by IPA

Institutional Property Advisors (IPA) announced today the sale of Green Leaf Promontory Pointe, a luxury, 424-unit apartment complex in North Central Phoenix, Arizona. The asset sold for an undisclosed price.             “Green Leaf Promontory Pointe enjoys a coveted position within the submarket’s competitive landscape, particularly with its topography and striking mountain views,” says Cliff David,…

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THREE LOANS ARRANGED ON BASHAS’ / FOOD CITY ANCHORED RETAIL CENTERS

Churchill Commercial Capital, Inc. (Cynthia Hammond, president) announces two loan closings totaling $13.5 million on Sun City West Plaza and Southgate Center, both neighborhood shopping centers anchored by Food City or Bashas’ grocery stores. Sun City West Plaza is a 62,270 SF center 100% leased with a Bashas’ anchor. Churchill arranged a non-recourse, high leverage,…

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CBRE Completes $5.3 Million Sale of Central Phoenix Warehouse

CBRE Group, Inc. has arranged the $5.3 million sale of a freestanding industrial warehouse property located at 2426 S. 7th Street in Phoenix. American Beverage Corporation currently occupies the 60,450-square-foot building, which was built in 1976 and sits on approximately 3.51 acres. Cooper Fratt and John Werstler with CBRE’s Phoenix represented the seller, Newport Beach,…

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MODE Commercial Property Management Hires Industry Veteran David Verwer as Director of Real Estate Operations

MODE Commercial Property Management, a Scottsdale-based boutique commercial property management company, recently hired commercial property management veteran, David Verwer, CCIM, as their director of real estate operations.   Verwer joins MODE with more than 30 years of experience and over $175 million of completed sales and leasing activity throughout his career. He began his commercial real…

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Freshly and Solera Health Take Full-Floor Leases at The Monroe in Phoenix

Meal delivery service Freshly and preventative care benefits manager Solera Health, have both signed full-floor leases at The Monroe, a mid-century modern office tower located at 111 West Monroe in Phoenix. ViaWest Group purchased the property in May 2017. Freshly has signed a 13,787-square-foot lease encompassing the entire 18th floor of the 18-story property. The…

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Marcus & Millichap Completes Sale of Mesa Apartment Complex for $7.7 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Village Green, a 112-unit apartment community in Mesa, Arizona. The sales price is $7.7 million. “Village Green occupies a superior location within the southeast Valley, particularly with its walkability to…

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