MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,245-SQUARE FOOT NET-LEASED PROPERTY

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 AutoZone Ground Lease, a 7,245-square foot net-leased property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,408,261. Jamie…

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Walker & Dunlop’s Team of Harrington and Steffen Close Over $500 Million in Financing During 2016

Bethesda, Maryland – March 23, 2017 – Walker & Dunlop, Inc. (NYSE: WD) announced today that its Phoenix, Arizona-based team comprised of Brandon Harrington, managing director, and Matt Steffen, senior vice president, closed or rate-locked 48 loans totaling over $500 million in 2016. Harrington and Steffen are one of the elite commercial real estate finance…

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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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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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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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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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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,616-SQUARE FOOT NET-LEASED PROPERTY

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 Raising Cane’s – 20 Yr. NNN, a 3,616-square foot net-leased property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold…

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Two Albuquerque Apartment Communities Sold to Local Investor

Two Albuquerque apartment communities have been sold to a local, private investor.  The Continental Arms and Laurels at Uptown were purchased together as a portfolio in what real estate experts believe is an improving Albuquerque market for multifamily properties.   “The city’s economy is expanding with increases in job growth and multifamily vacancies have dipped…

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North Phoenix Apartment Community Trades for $14.35 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 Sterling on 28th, a 224-unit apartment community in Phoenix, Arizona. The sales price is $14.35 million. “Sterling on 28th is a well-positioned asset that recently received a multi-tiered capital plan…

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