MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,023-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 Taco Bell Ground Lease, a 2,023-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $1,400,000.…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,000-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 O’Reilly Auto Parts, a 7,000-square foot net-leased property located in Tucson, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,250,000. Mark…

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LGE Design Build completes 40,000 SF Video West Inc. office/warehouse headquarters in Phoenix

LGE Design Build has completed construction on Video West Inc.’s new 40,000-square-foot office/warehouse headquarters in Phoenix. Video West Inc., a national audio visual rental and staging company, moved from Tempe to the new location at 1050 N. 52nd Street, doubling the size of its former space. The new building provides expedited shipping and receiving capabilities,…

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Healthcare Trust of America, Inc. Announces 1Q 2016 Acquisitions and Investment Pipeline

Healthcare Trust of America, Inc. (NYSE: HTA or the “Company”) announced today its investment activity for the beginning of 2016. This includes total investments closed in the first quarter of 2016 of approximately $163 million and an additional $210 million of investments under signed purchase and sale agreements expected to close primarily in the second…

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Living Art: 118-unit Infill Development to Open in Phoenix This Summer

Downtown Phoenix will see another multifamily property rise from the ashes of a decades-old building this summer. Proxy333, located at 333 E. McKinley St., immediately west of the Biomed campus, is being co-developed by Scottsdale’s Tilton Development Company and Seattle-based Goodman Real Estate. The 118-unit, six-story urban infill project is scheduled to open for occupancy…

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The Opus Group® Announces Appointment of Dustin Slack as Vice President

The Opus Group (Opus) announced today that Dustin Slack has joined Opus Development Company, L.L.C. as vice president, real estate development. In his new role, Dustin will be responsible for sourcing new development opportunities. “Dustin is a seasoned real estate developer who brings incredible value to our team,” said Larry Pobuda, senior vice president and…

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JPI Companies Acquires 10.79 Acres for $11.28 Million

Cushman & Wakefield announced today that JPI Companies has acquired a ±10.79 acre permit-ready, 283-unit multifamily development site at the northeast corner of Chandler Boulevard and McClintock Road in Chandler, Ariz. for $11.28 million, $39,859 per unit. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented JPI Companies…

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COMMERCIAL PROPERTY TRANSACTION VOLUME TO DECLINE OVER NEXT THREE YEARS, ACCORDING TO A NEW ULI SEMI-ANNUAL REAL ESTATE MARKET FORECAST

Commercial property transaction volume is expected to decline over the next three years to $475 billion in 2018, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. However, this volume forecast over the next three years is surpassed only by volumes in 2007 and…

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New Name, Expanded Arizona HQ for Graycor Construction Company

Long-time Phoenix construction leader Nitti Graycor announced today that all operations for their Southwest Regional Headquarters have moved to a new Phoenix location and are officially doing business as Graycor Construction Company. Their new location, at 4600 E. Washington St., Suite 440, Phoenix, Arizona 85034, was designed with flexibility and collaboration in mind to best…

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Mitch Resnick Joins Walker & Dunlop

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that industry veteran Mitch Resnick will be joining Walker & Dunlop Commercial Property Funding, LLC (WDCPF), its commercial mortgage backed securities (CMBS) lending platform, as Managing Director in late April. Mr. Resnick will oversee WDCPF capital markets executions with responsibility over pricing, hedging, securitizations, and…

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Colliers International Expands with Hospitality Investment Team

Colliers International in Greater Phoenix announced its expansion into hospitality investment services with the addition of James Meng, vice president; and Jon Grantham, associate vice president.   Meng and Grantham specialize in hospitality investment properties, including branded and boutique assets, throughout the Western United States. Working on behalf of private investors, hotel investment companies, offshore…

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