Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of Ben Pines Apartments, a 15-unit apartment complex located at 3122 North 38th Street in the Arcadia-area of Phoenix. The multifamily asset commanded a sale price of $937,500 or $62,500 per unit. The Phoenix based Vestis Group multifamily brokerage team of…Details
The Phoenix office of Skanska has started work on Phase One of the 8,675-acre Skyline Regional Park in Buckeye, Ariz. The $3.95 million project for the City of Buckeye includes roadway construction, park features including entry gate house, entry gate monument and gates, ramadas, rest rooms and a pedestrian/equestrian bridge across the Skyline Wash. The…Details
Liberty Property Trust has sold 1170, 1180 and 1190 Devon Park Drive, a fully-leased, three-building complex comprising 250,185 square feet of office space in Wayne, PA, for $63.5 million. The transaction closed yesterday.
Liberty was represented by Newmark Grubb Knight Frank in the transaction.
DTZ, a global leader in commercial real estate services, announced today the sale of ±50.1 acres on the southwest corner of Interstate 10 and 119th Avenue in Avondale, Ariz. to Avondale I-10, LLP, which purchased the land for $2 million ($0.91 PSF) from Salt Lake City investment firm FNBN Spectrum, LLC (dba Sorenson Group Management).…Details
ViaWest Group recently purchased the Biltmore Financial Center, three Class A office buildings totaling approximately 635,000 square feet at the northwest corner of 24th Street and Camelback in Phoenix, for $163.1 million (or $257 per square foot). The transaction is the largest multi-tenant office sale in the Phoenix area since 2007 and third largest sale…Details
New apartment communities are popping up everywhere, due to strong demand fundamentals and a growing desire for the flexibility afforded by renting rather than owning. The vast majority of multifamily developments underway in the Valley today target urban-style living. Mark-Taylor’s latest project, San Milan, is a drastic deviation from the emphasis on high-density living…smack dab…Details
DPR Commercial Realty located in the Camelback Central Phoenix corridor was created in April 2014, by Jeffrey Garza Walker’s and Michael Moreines with the goal to distinguish DPR Commercial Realty, LLC not only as a company that our clients enjoy working with, but more importantly, trust. At DPR Commercial, our team of 12 sales consultant…Details
While net absorption is down for the same period a year ago, leasing activity is significantly up, according to the second quarter industrial report released by Cushman & Wakefield of Arizona, Inc. “Although net absorption is down year-over-year by almost 400,000 square feet, Phoenix is on track to finish 2015 strong, as leasing activity is…Details
The James Agency (TJA), a Scottsdale-based full-service advertising, public relations and digital firm, is proud to announce significant growth in the first half of 2015 with the addition of 11 new clients and six new employees. Over the past six months, the agency also has been honored with 11 prestigious industry awards at both the…Details
CBRE has negotiated the purchase of the Phoenix Tech Center property located at 10230 S. 50th Place in Phoenix. The buyer, Telgian, Inc., will relocate its corporate headquarters to the new facility. Cooper Fratt, John Werstler and Jerry McCormick brokered the transaction on behalf of Telgian, helping the fire-industry leader accommodate the company’s growing operation…Details
Colliers International in Greater Phoenix recently completed the sale of a 63,400-square-foot state-of-the-art office, showroom and warehouse building for $5.9 million, or $93.05 a square foot. The Phoenix flex industrial building currently houses Facilitec Inc. which provides interior office products, design and project management. King Ranch Properties II, LLLP of Phoenix traded the asset, 4501…Details
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that Mark Plenge was promoted to senior vice president and has relocated to Walker & Dunlop’s Seattle, Washington office to help the Company expand its presence in that region. Cliff Carnes, senior vice president and capital markets western region chief production officer stated, “Our expansion…Details
DTZ, a global leader in commercial real estate services, announced today that Camelback 2929 Owner, LLC, a company formed by Beverly Hills, California-based Andell Inc., sold 2929 Camelback for $11.8 million. The buyer was West Valley Properties, Inc. of Los Altos, CA. This was the first Arizona purchase for the privately held investor. 2929 Camelback…Details
Brides Against Breast Cancer www.bridesabc.org and it’s Nationwide Tour of Gowns is making a tour stop in Phoenix on August 29, 2015 at Arizona Grand Resort and Spa, offering hundreds of new or gently worn bridal dresses, so that brides-to-be can find their dream gown at a greatly reduced cost and make a difference. The…Details
ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $28,000,000 / $175,000 Per Unit sale of the 160-unit, Morningside Apartment Homes in Scottsdale, Ariz. Morningside, originally built in 1989, features spacious 1, 2 and 3-bedroom units with a weighted average size of approximately 1,019 square feet and full size…Details