REAIC AWARDS SCHOLARSHIPS TO TWO ARIZONA STATE UNIVERSITY MASTERS OF REAL ESTATE DEVELOPMENT STUDENTS

The Southwest Chapter of REIAC (Real Estate Investment Advisory Council), an exclusive organization of top real estate executives involved in developing, acquiring and/or financing real estate, recently awarded scholarships of $2,500 each to two students enrolled in Arizona State University’s Masters of Real Estate Development (MRED) program at the W.P. Carey School of Business. This…

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Ryan is Awarded SHARP Award for Exemplary Safety and Health Management Systems at Marina Heights — Recognized by the AZ Division of Occupational Safety and Health

Ryan Companies US, Inc. has been awarded Safety and Health Achievement Recognition Program (SHARP) Accreditation by the Arizona Division of Occupational Safety and Health (ADOSH) for the Marina Heights project — the 5-building, 2 million square foot project on Rio Salado Parkway immediately south of Tempe Town Lake. Ryan is one of only two companies to receive this award for construction work…

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ARTEMIS FUNDS PREFERRED EQUITY ON $16.70M PURCHASE OF TRAILS AT HARRIS APARTMENTS – 209 UNITS IN MESA, ARIZ.

Artemis Realty Capital has funded the preferred equity for the $16,675,000 purchase of Trails at Harris Apartments, a 209-unit community in Mesa, Arizona located right on hwy 60, providing easy access to Mesa’s employment corridor.  The permanent debt was placed by Brandon Harrington and Matt Steffen at Walker & Dunlop. Transaction and Property Highlights    The Asset:…

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METROPOLITAN AIRPARK LLC NAMES CHARLES BLACK TO LEAD $1BMIXED AVIATION-COMMERCIAL VENTURE AT BROWN FIELD

Bringing decades of real estate knowledge and proven leadership on public-private partnerships to San Diego’s newest center of international trade and commerce, Charles E. Black will lead the development team overseeing the construction and marketing of the $1 billion Metropolitan Airpark project at Brown Field in Otay Mesa. The Metropolitan Airpark project, unanimously approved by…

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WESTWOOD FINANCIAL CORP. ACQUIRES VALUE ADD KROGER ANCHORED SHOPPING CENTER IN PHOENIX

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, announced the acquisition of the Avondale Fiesta shopping center for $7.6 million. The Kroger shadow-anchored center is 34,129 square feet and is located at 11435 West Buckeye Road in Avondale, Arizona, in the greater Phoenix area.…

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ABI Multifamily Closes Melbourne Apartments in Phoenix’s heavily sought after 36th Street Redevelopment District

ABI Multifamily, the Valley’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $1,500,000 sale of the Melbourne Apartments, a 26-unit apartment community located in Phoenix. Melbourne Apartments is a one-and-two-story apartment community, originally built in 1964 and comprised of studio, one and two bedroom apartments with an overall…

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Rocky Mountain Information Network, Inc. Renews 22,489 SF Lease at 2001 West Pinnacle Peak Road, Phoenix

Cresa Phoenix is pleased to announce that Rocky Mountain Information Network (RMIN) has renewed its 22,489 SF lease at The Corridors, a Class B office, in Northwest Phoenix. With a global reach in five different countries, RMIN has operated its corporate headquarters at 2001 West Pinnacle Peak Road since 2008. Founded in 1973, RMIN has…

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Aerostar Aerospace Manufacturing leases one of the largest free-standing manufacturing buildings in Deer Valley

Aerostar Aerospace Manufacturing, a manufacturer of high-complexity machine parts used in commercial aircraft, has completed a 7-year lease on an industrial/manufacturing building located at 2688 East Rose Garden Lane in Phoenix, Arizona. The property is owned and operated by Generic Investments II, LLC. Kidder Mathews commercial real estate brokers, Mike Ciosek, Eric Bell, and Dylan…

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Stiles Realty Brokers $18.2M Sale of Renaissance Commons Retail in Boynton Beach

Stiles Realty announced today the successful sale of the 62,573-square-foot retail component of Renaissance Commons, a mixed-use commercial complex in Boynton Beach, Florida. The property was sold for $18.2 million after being on the market for only 30 days. Stiles Realty director of retail services Dan Coyle represented the buyer, Cohen Commercial Properties, and seller,…

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