DTZ, a global leader in commercial real estate services, announced today that CIRE Equity has awarded DTZ Retail the marketing assignment for Valley Plaza in Tempe, Ariz., and Glendale Market Square in Glendale, Ariz. DTZ Retail Vice President Chris Hollenbeck, Associate Vice President Brad Douglass and Associate Sean Lieb have the leasing assignment for the…Details
NAI Horizon Represents Rancho/Hayden, LLC in Sale of Mercado del Lago, a ±61,319-SF Iconic Mixed-Use Property for $8,882,000
Mercado del Lago, a mixed use (retail & office) development located west of the Loop 101, at 8300-8320 N Hayden Road, Scottsdale, Arizona has been sold for $8,882,000 million. This ±61,319 SF property in an excellent location in the heart of McCormick Ranch is situated on picturesque Lake Margherite along the Indian Bend Wash Greenbelt…Details
GPE’s Alexandra Loye & Dominic M. Perry, CCIM, Represent L.I.F.E. in Long-Term Lease of Former Rancho Solano School in Gilbert, Ariz.
GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured a long term lease of the former Rancho Solano School at 1305 South Gilbert Road in Gilbert, Arizona. The building is approximately 30,000 SF and sits on 9.39 acres. The new campus allows Lauren’s Institute for Education (L.I.F.E.), a…Details
An era spanning over four decades of property ownership came to an end for three retired school teachers, which so happen to be sisters. The family owned and operated assorted businesses which had been previously used as a gas station and grocery store, operated by the parents, an ice store that was operated by the…Details
Walker & Dunlop, Inc. (NYSE: WD) (“the Company”) announced today that it was ranked 5th by the Washington Business Journal as part of its annual top “40 Healthiest Employers” for the Washington, DC area. This is Walker & Dunlop’s third year to be named a top Healthiest Employer by the Washington Business Journal. Walker &…Details
When Matthew Rosenthal and Eric Silverman, Founders and Managing Directors of Eastham Capital, decided to relocate their private equity firm from Needham, Massachusetts, to Boca Raton, Florida, they chose the Realtor representing the seller from whom Rosenthal bought his home to broker the commercial deal. Michelle Farber Ross, Managing Partner of MMD Realty, met Rosenthal…Details
The Arizona economy is poised to accelerate again in 2015, with real GDP expected to grow 2.8 percent,” according to the bi-annual U.S. State Monitor Report from BMO Economics. “Arizona’s growth is ahead of the national average and has improved from 1.4 percent in 2014,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “The ongoing…Details
DTZ, a global leader in commercial real estate services, announced today the sale of Cheyenne Point Shopping Center (“Property”), 2045-2175 East Cheyenne Avenue in North Las Vegas, NV, on behalf of an entity formed by Sarofim Realty Advisors. Medford Capital LLC of Calabasas, CA, acquired the 93,901 square foot grocery-anchored retail center for $19.7 million.…Details
Cushman & Wakefield (C&W) of Arizona negotiated the $4.5 million sale of the Rancho Solano Gilbert Campus, 1305 S. Gilbert Road, to IPF Rancho Solano, LLC of San Diego. Jim Wilson, Executive Director with Cushman & Wakefield’s Phoenix office and Scott Shelbourne of C&W’s Chicago office, represented the seller, Arizona Prep Real Estate, LLC of…Details
Ryley Carlock & Applewhite is pleased to announce that James E. Brophy, III has been elected as the firm’s new Managing Shareholder starting September 1. Jim succeeds long-time leader Rodolfo “Rudy” Parga Jr., who has served as Managing Shareholder since 2007—the second longest tenure for the role in the firm’s 67-year history. “I am honored…Details
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today it originated 28 loans totaling $464,680,000, secured by a portfolio of 28 independent living properties acquired by New Senior Investment Group, Inc. (the “Sponsor”). Vice Presidents Russell Dey and Laura Beaton led the Walker & Dunlop team that closed the portfolio. The properties are located…Details
Sun State Builders Announces Ground Breaking of the First Industrial 94th Avenue Project in Tolleson, Ariz.
Sun State Builders is proud to announce we have broken ground on the First Industrial project in Tolleson, Ariz. The 386,100-square foot cross dock distribution facility situated on 21.2 Acres will be complete by December of this year and will serve as the new home of Mattress Firm and other tenants. The Class A building…Details