VOIT REAL ESTATE SERVICES DIRECTS THE SALE OF A 100,000-SF BUILD-TO-SUIT ON 10.65-ACRE PROPERTY IN TOLLESON

Michael Ciosek, and Eric Bell, both Senior Vice Presidents of Voit Real Estate Services’ Phoenix office successfully directed the successful build to suit of a 100,000-square-foot Distribution Center in Tolleson, on behalf of Cor Living Distribution, Ltd. The buyer, Cor Brands/94th Avenue Investments, will use this property as a distribution facility for their National operation,…

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Walker & Dunlop Closes $137M Financing for Orange County, Calif. Portfolio

Walker & Dunlop, Inc. (NYSE: WD) announced today it closed four Freddie Mac CME loans totaling $137,896,000 secured by a portfolio of multifamily properties in Orange County, California. The repeat Freddie Mac borrower has significant ownership experience in Orange County, having purchased its first property in the 1970s. Bill Battaglia and Steve Natale led the…

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Land in the heart of Arcadia District sells for over $1 million

The property consisted of three lots all with vacant homes on the property.  The buyer, E Investment Properties, Inc. recently purchased the assemblage for $1,050,000 at 2945-3007 37th St. in Phoenix. This core submarket is going through significant revitalization which includes redevelopments of apartment and condo complexes, so the developer has plans of building a multifamily project.…

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LGE Design Build Breaks Ground on 60,000-SF Utility Trailer AZ Headquarters

LGE Design Build recently broke ground on Utility Trailer’s 60,000-square-foot Arizona headquarters at the Rados Tolleson Center. Utility Trailer and its 50 employees have outgrown their current facility in Phoenix, near 22nd Avenue and McDowell Road, where the family-owned business has been located since 1953. The company’s new Arizona headquarters, located on 14 acres at…

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P.B. Bell Acquires Siena Apartments in Phoenix

P.B. Bell, a leader in multifamily housing development, management and acquisitions, has acquired the Siena apartment community in Phoenix in a joint venture purchase with New York City-based Stonecutter Capital Management LLC. P.B. Bell and Stonecutter Capital Management purchased the 352-unit community from Siena Baseline Partners LLC for just over $31 million.  Cindy and Brad Cooke…

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Carl Wood Joins SimonCRE as Acquisition & Leasing Manager

Commercial real estate developer SimonCRE continues rapid growth with the recent hire of Carl Wood as Acquisition and Leasing Manager to assist with the site selection responsibilities of SimonCRE’s growing portfolio of retail projects. SimonCRE currently has over fifty projects in the pipeline valued at over $100 million, creating thousands of jobs across the country.…

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Hannah Sanders joins AME Landscape for Business Development

AME Landscape Cos. announced today that Hannah Sanders has joined the company as a business development professional. Sanders brings a background of commercial and residential contractor marketing experience. In her role, she will be responsible for building relationships in the commercial construction, focusing on the extensive experience the 300-employee company has in commercial landscape installation.…

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Stiles Promotes Jeff McDonough to Lead Multifamily Real Estate Division

Stiles is pleased to announce the promotion of Jeff McDonough to president of Stiles Residential Group (SRG), the company’s residential development and investment services division. In this new capacity, McDonough manages and directs day-to-day operations of the division, including oversight of project conceptualization and execution. SRG currently has projects in various stages of design and…

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Colliers International Completes the Sales of Multifamily Complex, Adjacent Office Building in Camelback Corridor

Colliers International in Greater Phoenix recently completed two sales for one buyer, Investment Property Associates (IPA) of Grand Haven, Mich. The buyer purchased the 395-unit Sienna Springs apartment complex for $20.5 million and the adjacent Willowick Square office building for $5.9 million, both in Phoenix. Both properties are located on the southwest corner of North…

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