BOB BAMBAUER NAMED SENIOR VICE PRESIDENT FOR SUNBELT HOLDINGS

Sunbelt Holdings has promoted Bob Bambauer, P.E., to senior vice president. Bambauer, who has been with Sunbelt Holdings since 2007, oversees the planning and development of Sunbelt Holdings’ large-scaled properties in the West Valley and Tucson markets. A veteran to civil engineering and home building, Bambauer has over 30 years’ experience in entitlements, land acquisitions,…

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MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $3,160,000 or $79,000 PER UNIT

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 Bethany at Midtown, a recently renovated mid-century art deco style apartment building in the Uptown Phoenix corridor. The asset commanded a sales price of $3,160,000 or $79,000 a unit.…

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Lincoln Equities Group Re-brands 5 Giralda Farms as 5G with “Breathe It In” Campaign

Lincoln Equities Group LLC (LEG) and a team comprised of Newmark Grubb Knight Frank (NGKF), HLW International and Real Estate Arts have launched an aggressive campaign to re-brand 5 Giralda Farms as 5G. The four-story, 450,000-square-foot Class A office property, formerly occupied by Pfizer, is set on 50 acres of wooded land on the private…

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Conor Commercial & Globe Corporation Announce Launch of AZ|60 Industrial Development in Gilbert, Ariz.

Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square foot industrial project. Available for-sale or lease, the speculative facilities will offer modern design and flexible configurations…

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NorthMarq Capital arranges $7.6M refinance for shops anchored by Ross/Joanne Fabrics in El Paso, Texas

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix office arranged the $7.6 million refinance on the property known as Yarborough Plaza. The low-leverage loan was structured with a 10-year term with 5-years interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower, a prominent real estate developer in Phoenix,…

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Phoenix IDA Hires Economic Development & HR Administrators

The Industrial Development Authority of the City of Phoenix, AZ (“Phoenix IDA”), announces the appointment of Paul Magallanez as its community and economic development administrator and James T. Barham as its human resources and legal affairs administrator. “Paul and James bring tremendous economic development, human resources and legal skills to the Phoenix IDA team. Together,…

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LOCAL DEVELOPMENT GROUP LAUNCHES PEDESTRIAN-FRIENDLY RETAIL CENTER IN CHANDLER, ARIZ.

Common Bond Development Group, the real estate development company behind the up and coming The Plant in Chandler, has begun construction this month on the pedestrian-friendly and uniquely designed retail center. Spanning roughly eight acres on the southeast corner of Gilbert Road and Ocotillo Road, The Plant will be anchored by a Sprouts Farmers Market…

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ABI Brokers CA-based Private Equity Fund’s Entrance into AZ with $27.2M sale of Palm Valley Apartments in Goodyear

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $27,200,000 / $103,030 Per Unit sale of the 264-unit, Palm Valley Apartments in Goodyear, AZ. Palm Valley, originally built in 1997/98, features spacious 1, 2 and 3-bedroom units with a weighted average size of approximately 893 square feet with full…

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automätik Parent Company Purchases Phoenix Building for $3.3 Million

DTZ, a global leader in commercial real estate services, announced today that Tempe Auto Drive LLP, a subsidiary of automätik, has purchased a 38,766 square foot garden office/flex building at 3419 E. University Drive for $3.3 million. The seller was ICIC Commercial Investments 2, LLC. DTZ Vice President Justin Himelstein with the firm’s Occupier Services…

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