MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,650-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 Jack in the Box Ground Lease, a 2,650-square foot net-leased property located in Avondale, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold…

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Raintree Apartments in Tucson Sold for $12.4+ Million

A Colorado investor has purchased the Raintree apartment community at 6450 E. Golf Links Rd. for $12,475,000.  The company acquired the property as an expansion of its existing Arizona real estate portfolio. “This property offers the abundance of on-site amenities that today’s tenants are seeking,” says Trevor Koskovich, senior vice president with Colliers International in…

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Tempe Office/Flex Business Park Trades for $10.2 Million in Investment Deal

DeMuro Corporate Square, a 7-building business park totaling 88,837 SF at 1505-1575 W. University Dr., Tempe, has sold to a California investment entity for $10,200,000. Occupancy was reported to be 92%. The transaction closed on June 30. Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead, and Greg Guglielmino represented the seller, University Corporate Square…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 19-UNIT APARTMENT BUILDING

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 Westwood, a 19-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,320,000. James K. Crawley and…

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STERLING REAL ESTATE HOLDINGS ACQUIRES SUMMERHILL APARTMENTS IN PHOENIX

Sterling Real Estate Holdings, the joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners (PREP), has acquired Summerhill Apartments: a 1970s-era, 130-unit property located at 2925 North Greenfield Road in Phoenix. With its acquisition of Summerhill last month and the Cielo apartment complex in 2015, Sterling now owns three properties in two…

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Central Ave & Indian School Development Site Sold for $6.1 Million

Cushman & Wakefield announced that Bright Land Holdings, LCC purchased the Central Avenue and Indian School Road development site, located at 4040, 4050 and 4060 N. Central Avenue in Phoenix, for $6.1 million from 4040 N. Central, LLC (Glasir Capital Partners). Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller…

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JLL completes $39 million sale of I-10 Industrial Portfolio

JLL’s Capital Markets experts today announced the firm completed the sale of the I-10 Distribution Portfolio in Phoenix on behalf of DCT Industrial. Colony Northstar purchased the portfolio, which consists of two institutional grade warehouses totaling 558,465 square feet, for $39 million. Managing Directors Bo Mills and Mark Detmer and Vice president Ryan Sitov led…

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Suburban Phoenix Apartment Complex Purchased for $13.7 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of Mesa Ridge, a 151-unit apartment complex in Mesa, Arizona. The $13,725,000 sales price equates to $90,894 per unit.             “Completely remodeled in 2009, Mesa Ridge benefits from its equidistant location…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,000-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 Starbucks – Relocation Store, a 2,000-square foot net-leased property located in Gilbert, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $2,750,000.…

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NorthMarq Capital’s Phoenix office closes $38,182,000 refinance of two apartment complexes in Phoenix, Arizona

Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office, arranged financing for two apartment properties located in Phoenix, Arizona.   Colter Park Apartments:  The 120-unit multifamily property received financing of $23,182,000. The full term interest-only loan was funded by NorthMarq’s Fannie Mae platform. The property is located at 909 West Colter Street…

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$28 Million Senior Living HUD Construction Loan Closed by Walker & Dunlop’s Colorado-Based Team

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it structured a $28,162,800 construction loan for Jackson Creek Senior Living, a 137-unit assisted living facility that will be located between Denver and Colorado Springs in Monument, Colorado. The Company’s team, led by Ralph Lowen, arranged the property’s financing with the United States Department…

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