CBRE Completes $5.5 Million Sale of Industrial Property in Gilbert, Ariz.

CBRE Group, Inc., has completed the sale of 1405 N. Fiesta Blvd. in Gilbert, Ariz. Barry Gabel, Chris Marchildon, Brian Raczynski, Tim Watters, Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the seller. The buyer was Abington Emerson Investments, based in Los Angeles, Calif. Total consideration for the sale was $5.5 million. “Fiesta…

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CBRE Completes $37.5 Million Sale of Scottsdale Executive Office Center

CBRE recently completed the sale of Scottsdale Executive Office Center, a 181,238-square-foot Class A office campus located at 15880, 15990 and 16100 North Greenway-Hayden Loop in Scottsdale, Ariz. Total consideration for the sale was $37.5 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Perry Investment Trust No.1, LLC, based in…

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Daum Negotiates $1.55 Million Corporate Office & Manufacturing Building Purchase for Kroy Sign Systems in Scottsdale Airpark

Daum Commercial Real Estate Services has negotiated the $1.55 million purchase of the new corporate office and manufacturing operation for Kroy Sign Systems in the Scottsdale Airpark at 8221 E Gelding Drive. Kroy Sign Systems has been located in the Scottsdale Airpark for 38 years and relocated from 7575 E. Redfield Road. David Wilson and…

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$55.2 Million Luxury Multifamily Community Sale Brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Indigo Creek, a 408-unit multifamily community in Glendale, Arizona. The $55.2 million sales price represents more than $135,000 per unit. “Indigo Creek is a vibrant, luxury multifamily asset…

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Montecito Medical Purchases Successful Best of NAIOP Sun City Medical Office Building

Thunderbird Square Medical I, a fully-leased medical office building at 13640 N. 99th Ave. in Sun City, has been sold to Montecito Medical of Tennessee. Awarded the Best of NAIOP Medical Office Building of the Year in 2012, this national medical office investment fund was attracted to the property’s quality, location and outstanding mix of…

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Cushman & Wakefield Reps $9 Million Apartment Sale in Tempe

Cushman & Wakefield announced the $9 million sale of Parkside Apartments, located at 1801 South Cutler Drive in Tempe. The 100-unit apartment community was purchased by California-based Devistar II Properties, LLC for $90,800 per unit. Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis of the Phoenix office represented the seller, Clear Sky…

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CBRE Completes $4.26 Million Sale of Arizona Business Park Property in I-17 Corridor

CBRE Group, Inc., has completed the sale of a 39,950-square-foot office space located at 15601 North 28th Ave. in Phoenix. The property, which is located in the Arizona Business Park in the I-17 Corridor, commanded a sale price of $4.26 million. Ashley Brooks of CBRE’s Phoenix office represented the seller, Arizona-based Paramount Partners LLC. Beth…

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Desert Gardens Apartments Sell for $19.5 Million

Colliers International in Greater Phoenix has completed the $19,500,000 sale of Desert Gardens apartments at 13517 W. Glendale Ave. in Glendale, AZ.  A Washington-based investor acquired the property in the dynamic, multifamily submarket of Glendale. “Desert Gardens is located directly east of Luke Air Force Base, providing fabulous proximity for base employees,” says Trevor Koskovich,…

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Berkadia Completes $10.525M Sale of Phoenix Multifamily Property

Berkadia today announced the sale of Via 21, a 68-unit multifamily property located at 4111 North 21st Street, Phoenix, AZ 85016. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne, and Associate Tom Wolff of the Berkadia Phoenix office exclusively listed the property for the seller, Verandas-Phoenix LLC, a Washington limited…

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