Repositioned Biltmore Area Apartment Community Sells for Nearly $5.48M

CBRE has completed the sale of Arcos Phx, a 51-unit contemporary garden-style apartment community located at 1637 E. Missouri Ave. in the prestigious Biltmore area. The asset commanded a sale price of approximately $5.48 million, or $240 per square foot. Brian Smuckler, Jeff Seaman and Derek Smigiel with CBRE’s Phoenix office represented the buyer, Luna Bear Arcos, LLC,…

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As The Price Corridor Booms, So Does Demand For Multifamily Living in Chandler

As Chandler’s booming Price Corridor continues to grow, area home buyers are driving a new demand for luxury urban living which is fueling new developments like The Cays at Downtown Ocotillo, one of the area’s first upscale condominium developments. In the past decade, Chandler has gained over 100,000 new residents bringing the total population to…

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The Opus Group® Announces Plans for Spec Industrial Project in Longbow Business Park

The Opus Group (Opus) announced today plans to build a speculative industrial project in the Longbow Business Park and Golf Club in Mesa. Construction on the 147,672-square-foot project, named Longbow Gateway One, is slated to begin this month, with project completion scheduled for January 2018. “We are excited to develop this project in the Southeast…

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MARCUS & MILLICHAP ARRANGES SALE OF A 15,500-SF OFFICE BUILDING SITUATED ON 1.165 ACRE

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Superstition Business Park is a 15,500-square-foot building located in Tempe, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,165,200.   The…

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Top Producing Group Leaves Big Brokerage House — Opens VIAONE Commercial Real Estate Group in Scottsdale

After more than 16 years the dynamic Top Producing team led by Marc and Nita Bonilla join forces to unveil VIAONE. The newly formed group of companies, parent name VIAONE, reflect its core values and alignment with the VIAONE organization and its partners. VIAONE is a multi-faceted full-service commercial real estate services platform offering brokerage,…

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HFF announces $21.45M sale of grocery-anchored retail center in Tucson

Holliday Fenoglio Fowler, L.P. (HFF) announces the closing of the $21.45 million sale of Ventana Village, a 110,116-square-foot, grocery-anchored shopping center in Tucson, Ariz. The HFF team marketed the property on behalf of the seller, Westwood Financial.  Austin-Texas based Epic Real Estate Partners purchased the asset free and clear of existing debt.   Anchored by…

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Applications Are Now Available for 2017-2018 Valley Partnership Advocates Program

Valley Partnership has opened applications for the next class of ADVOCATES.  This leadership program meets monthly for in-depth learning sessions with content experts around the Valley to learn more about how the development industry. The program will focus on the “Modera Era of Mixed Use Development” and this theme will be included in each program…

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NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million sale of Reno Avenue Self Storage in Oklahoma City. Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of Slovis & Associates represented the buyer, a limited liability company from…

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