Evergreen Development Completes Sale of Retail Property in San Dimas, California

Evergreen Development Company, with offices in California, Arizona, Colorado and Utah, announced today that it has completed the sale of its restaurant-focused retail project shadow-anchored by Costco, located at 1054 W. Gladstone Street in San Dimas, Calif. Financial details of the transaction were not disclosed.   “San Dimas is a tremendous City that is under-served…

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Medical Office Trades in Desirable South Scottsdale Submarket

Situated along Civic Center Plaza, the ±16,919 square foot Scottsdale Medical Building closed for $2,650,000 ($156.63/SF). The building sits adjacent to HonorHealth Scottsdale Osborn Medical Center. Nearby amenities include Scottsdale Stadium, Civic Center Mall, Scottsdale Fashion Square, and Old Town Scottsdale’s shopping, bars and restaurants. J.T. Taylor and Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Buyer. “The…

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South Scottsdale Apartment Community Trades for $12.45M

ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $12,450,000 / $99,600 Per Unit sale of the AYA Scottsdale Apartments located in Scottsdale, Arizona. AYA Scottsdale is a two story, garden-style apartment community which rests on approximately 4.0 acres. The property was built of masonry construction with…

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Hunt Mortgage Group Refinances an Affordable Multifamily Property Located in Mesa, Arizona

Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided a Freddie Mac Capital Market Execution in the amount of $15 million to refinance a multifamily property located in Mesa, Arizona.  The Village at Sun Valley Apartments is comprised of 15, two- and three-story apartment buildings containing…

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Melcor Lands 195 Acres in Goodyear, AZ for $10,000,000

Land Advisors Organization recently brokered the $10,186,000 purchase of 196 acres located in Buckeye, Arizona. Land Advisors Organization represented the buyer, Melcor Developments Arizona Inc. in Tempe, a subsidiary of Melcor Developments Ltd. in Edmonton, Alberta, Canada in this transaction. The seller in the cash sale was SBH La Privada LP, a limited partnership formed…

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CBRE Negotiates $85.25 Million Sale of Ahwatukee Multifamily Development

CBRE Group, Inc., has arranged the sale of Andante, a 576-unit, Class A multifamily community located at 15801 S. 48th Street in Phoenix’s Ahwatukee submarket. The community sold for $85.25 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Chicago-based Waterton. The buyer was Seattle, WA-based Security…

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Colliers International Negotiates $40+ Million Sale of Discount Tire Corporate Headquarters in Scottsdale

Marc Bonilla and Jim Keeley of Colliers International in Greater Phoenix have negotiated the $40.18 million sale of the Discount Tire Corporate Headquarters project located at 20225 N Scottsdale Rd. The two-story Class “A” office project was developed by Opus West Corp. in 2002 through a structured build-to-suit agreement with Discount Tire Company’s founder, Bruce Halle. …

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CBRE Completes Two Metro Phoenix Apartment Sales Totaling $2.1 Million

CBRE Group Inc., has arranged the sales of two multifamily properties in the Phoenix metropolitan area in two separate transactions totaling $2.1 million. Brian Smuckler and Jeff Seaman with CBRE’s Multifamily Investment Properties team in Phoenix represented the buyers and sellers in the following transactions.   Delana is a 21-unit, garden-style apartment community located at…

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HFF closes $26.45 million sale of The Village at Hayden in Scottsdale, Arizona

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $26.45 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development in Scottsdale, Arizona. HFF marketed the property on behalf of the seller, Village at Hayden, LLC, a partnership comprising AEW Capital Management, L.P. and The Muller Company, and procured the buyer,…

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MESA FIESTA MALL SOLD

The beleaguered Fiesta Mall located at the U.S. 60 and Alma School Road changed hands to a local Developer with plans to immediately design the Mall into a “Campus”.   The new Owners, Dimension Financial & Realty Investments, Inc. (“DFRI”) and its Principals, Jerry Tokoph and Wayne Howard, have developed many substantial projects throughout Metropolitan…

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NAI Horizon negotiates acquisition of Chandler industrial building

NAI Horizon Senior Vice President Mark Wilcke represented the buyer in a $1.786 million acquisition of a 15,097-square foot industrial building at 4148 W. Venus Way at Stellar Airpark in Chandler, Ariz. Wilcke represented Executive Investment, LLC, dba East Valley Precision of Gilbert, Ariz. The free-standing industrial building will be utilized as a manufacturing machine…

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