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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MODE Commercial Property Management Hires Industry Veteran Gary Coley as Senior Real Estate Manager

MODE Commercial Property Management, a Scottsdale-based boutique commercial property management company, recently hired commercial property management veteran Gary Coley as its senior real estate manager. Coley joins MODE with more than 30 years of commercial real estate asset and property management experience in office, retail, industrial and data center assets in several markets in the…

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Cushman & Wakefield Reps $2.2 Million Sale of Starbucks in Cave Creek

Cushman & Wakefield announced today that the Starbucks, located 5360 E. Carefree Highway in Cave Creek, Arizona, has been sold for $2.2 million to Mountain Park Investors. Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller, Park West Development. Nicholas Diamond of Real Estate Investment Group represented the buyer. The recently completed, single-tenant property…

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Estrella by Newland Communities Hires New Marketing Manager

Nationwide real estate development company, Newland Communities, has hired Kimberly Banach as Marketing Manager for its master-planned community, Estrella.  In this role, Banach will be responsible for executing marketing and brand strategy initiatives for the community. Other duties include building relationships with home-builders and real estate professionals, and cultivating partnerships with residents, local businesses and…

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NAI Horizon negotiates Ahwatukee land sale for self-storage facility

NAI Horizon Senior Vice President Denise Nunez represented the seller in a $1.8 million entitled land sale for the construction of a self-storage facility at Desert Foothills Parkway and Marketplace Way in Ahwatukee. Nunez, with NAI Horizon’s National Self Storage Investment Group, represented Scottsdale-based 1784 Capital Holdings LLC. “This parcel of land had been vacant…

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Midtown Central Avenue Site Sells for $4.5 Million for Development of Residential/Office Project

A partnership of Ryan Companies, Tilton Development Company and Hunt Investment Company has purchased 1.565 acres at the northeast corner of Willetta and Central avenues for development of a mixed-use residential and office project.   The property, which is located just north of the Burton Barr Library and across the street from The Spaghetti Company…

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Workuity, Arizona’s Largest Co-Working Facility, Open for Business

Workuity, extraordinary workspaces for extraordinary companies, announces today the opening of its Phoenix space in March 2017. The 18,500-square-foot Class-A office space is ideally located at 24th and Camelback and will office nearly 250 people. Workuity provides companies a smarter way to work without the hassle of long-term leases.   Workuity was built on the…

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Valerie Ahyong, PLA, LEED AP, Joins The Planning Center as Lead Landscape Architect

Valerie Ahyong, PLA, LEED AP, joins The Planning Center’s Tempe location as the lead landscape architect. In her role, she will design and implement projects for parks, schools, streets, community gardens, and green roofs, and will also conduct work in the healthcare, mixed-use, residential and multi-family markets. In addition to having expertise in the fields…

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THIRTY-NINE STATES ADD CONSTRUCTION JOBS BETWEEN JANUARY 2016 & 2017 WHILE THIRTY-EIGHT STATES AND D.C. ADD JOBS FROM DECEMBER TO JANUARY

Thirty-nine states added construction jobs between January 2016 and January 2017 while 38 states and D.C. added construction jobs between December and January, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that many firms report they are having a hard time finding enough…

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