NorthMarq Capital’s Luke Donahue arranges $5.6 million refinance of industrial property in Phoenix, Arizona

Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office, secured the $5.6 million refinance of a  140,777 sq. ft. industrial property located at 4524 North 44th Avenue in Phoenix, Arizona. The transaction was structured with an interest only loan that provides good news funds for the transitional asset. NorthMarq arranged financing for…

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Three Fann Contracting Projects Honored with Arizona Transportation Partnering Excellence Awards

Fann Contracting Inc. (Fann) announced today that three roadway projects that they completed were honored with 2016 Arizona Transportation Partnering Excellence Awards, presented at the ACEC Arizona Conference on Roads and Streets in Tucson, Ariz. As the prime contractor, Fann received partnering excellence awards for the Interstate 17 (I-17) McGuireville Rock Fall Containment project, the…

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Industrial Leads Commercial Real Estate Investment Sales in Phoenix

Sales of commercial properties in Greater Phoenix slowed down during first quarter of 2017, according to a report released by Colliers International.  Industrial activity ticked higher as other categories decreased in sales velocity. To access the full report click HERE.   In most cases, prices of commercial properties declined slightly during the first quarter.  This…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 11-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 4th and 6th Avenue Townhomes, a 11-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,455,000.…

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Robson Communities Honored for Second Consecutive Year with Prestigious Grand Award at the Home Builders Association of Central Arizona MAME Awards

Robson Communities took home multiple awards at the 32nd Annual Major Achievements in Merchandising Excellence (MAME) competition. The awards ceremony was held April 29, 2017 at Chateau Luxe in Phoenix and honored the exemplary efforts of builders, land developers, interior designers, architects, sales managers and sales associates. Presented by the Home Builders Association of Central…

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DeMichele Group Purchases Industrial Asset in Chandler Airpark for Relocation and Expansion

Newmark Grubb Knight Frank (NGKF) announces the purchase of 2110 S. Douglas Drive, Building B, in Chandler, AZ. The 17,149-square-foot Class A industrial asset located in the Chandler Airpark will be the new home for DeMichele Group, a privately owned provider of software and equipment for the fenestration industry. NGKF’s Executive Managing Director Jerry Jacobs…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE ±12,912 SF SALE OF A MEDICAL OFFICE INVESTMENT IN CHANDLER, AZ

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the triple net sale leaseback of a medical office investment in Regency Park Office located in Chandler, Arizona. The medical building equaled approximately ±12,912 square feet and is located in 1455 W. Chandler Blvd. Eric Jones of CPI’s…

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