CBRE Completes Sale of Shade at Desert Ridge Apartments

CBRE has completed the sale of Shade at Desert Ridge Village, a 342-unit apartment community located at 21150 North Tatum Boulevard in Phoenix. Financial details of the transaction were not disclosed. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. The seller was LaSalle Investment Management of Chicago,…

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Ryley Carlock & Applewhite Announces the Addition of Thomas Nolasco to the Firm’s Litigation Practice

Ryley Carlock & Applewhite is pleased to announce that Thomas R. Nolasco has joined the firm’s Phoenix office. Tom has substantial litigation experience assisting clients in a variety of disputes including professional liability, products liability, real estate, intellectual property, restrictive covenants, lender liability, franchise, international and bankruptcy.   Tom is also active in the business…

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LEVROSE COMMERCIAL REAL ESTATE FACILITATES SALE OF ICONIC ARIZONA SCHOOL OF REAL ESTATE & BUSINESS BUILDING

LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, facilitated the sale of the Arizona School of Real Estate & Business building in Scottsdale for $7.7 million last week. Located at 7142 E. 1st Street in downtown Scottsdale, the 17,711 square-foot building is situated on 51,350 square feet of land and…

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P.B. Bell Community, Portfolio Director Honored For Project Safe Participation

P.B. Bell, a leader in multifamily housing and real estate development, management and acquisitions, has been awarded for its outstanding participation in Project Safe, an interactive and family-friendly safety awareness program supported by the Arizona Multihousing Association. One of P.B. Bell’s Mesa communities, Reflections at Red Mountain, was honored for “Best Resident Participation,” while P.B.…

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JLL’s Vantage Lofts Sale Achieves Record Per-Unit Price for Metro Las Vegas

A highly amenitized, core-plus luxury development combined with a reinvigorated institutional investor market this week to achieve the highest per-unit multifamily sale price in the history of metro Las Vegas. On behalf of Goodman Real Estate, JLL’s Capital Markets experts today announced the $39 million sale of Vantage Luxury Flats and Loft Living (Vantage) to…

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Sub-Zero Scottsdale Airpark Showroom/Office/Distribution Facility Trades for $6.45M

Twomey, Ezzell & Balfour as Tenants-In-Common of San Diego, Calif. paid $6,450,000.00 ($134.06 per square foot) to purchase a 48,111 showroom, office, distribution facility located at 15570 N. 83rd Way in Scottsdale, Ariz.   The Seller was Avanti Park Properties Limited Partnership in Mercer Island, WA. The Buyer in the sale was represented by Justin…

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NAIOP ARIZONA MARKET LEADERS SERIES SPEAKER SPARKS ‘INTEREST’ IN INTEREST RATES AT RECENT EVENT

Signs were there that the Federal Reserve Board was not going to raise interest rates, KC Conway told NAIOP Arizona members at a recent Market Leaders Series. Conway, a third-generation MAI and Counselor of Real Estate with SunTrust Bank in Atlanta, spoke to a standing-room only audience at the offices of Colliers International a day…

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SuperShuttle Relocates to New Facility Near Sky Harbor

Cushman & Wakefield, a global leader in commercial real estate services, announced today that SuperShuttle has relocated its Phoenix operations to a building at 3545 S. 28th St. near Sky Harbor International Airport. Steve Mardian, Senior Vice President with Cushman & Wakefield, represented SuperShuttle in the lease negotiations. John Werstler of CBRE represented the landlord.…

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