2016 COMMERCIAL REAL ESTATE PREVIEW: Forward progress

Valley Partnership has announced the topic for the first monthly breakfast of 2016 on Friday, Jan. 29. This month’s program will be the annual commercial real estate preview for the coming year. The panel will feature Alan Maguire, President and Principal Economist, The Maguire Company; Sheryl Palmer, President/CEO, Taylor Morrison; and Neil Giuliano, President/CEO, Greater…

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Phoenix Industrial Market Finishes Year Strong, Positioned Well for 2016

The Phoenix industrial market had an exceptional final quarter of 2015. The improving economy, including consumer confidence, a rising home market and lower unemployment, have fueled the industrial sector’s healthy year. Construction activity remains at a healthy clip and a strong pipeline remains in place. This was the fourth highest quarterly absorption since 1999 with…

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Daum Negotiates $3.57 Million Sale of Industrial Warehouse in Phoenix

Daum Commercial Real Estate Services has negotiated the $3.57 million sale of a 35,318-square-foot industrial warehouse located at 21615 N. 7th Avenue in Phoenix. Chris Rogers and Trevor McKendry of Daum Phoenix represented both the buyer and seller in the transaction. Bob Lundstedt, first vice president of Daum Phoenix, assisted in representing the seller. The…

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CBRE Completes $24.35 Million Sale of Cambria Luxury Apartment Community

CBRE has completed the sale of Cambria, a 174-unit apartment community located at 130 W. Guadalupe Road in Gilbert, Ariz. The property commanded a sale price of $24.35 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. “Cambria is a well-located asset in highly desirable Downtown Gilbert,”…

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NorthMarq Capital’s Phoenix office arranges $18.2 million refinance of class “A” multifamily property in Plano, Texas

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix regional office secured the $18.2 million refinance of The Encore Apartments, a 240-unit class “A” multifamily property located at 4700 Tribeca Lane in Plano, Texas. The transaction was structured with a 10-year interest only loan. NorthMarq arranged financing for the borrower through its Fannie Mae…

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Nationally Renowned RE Developer, The Alter Group, Announces Rebrand of Company

The Alter Group has changed its name to Alter (www.altergroup.com). The name change is accompanied by a major rebrand of the 61-year-old national corporate real estate development firm, including a new logo and a multimedia website which launched this January.  Michael J. Alter, President of Alter, announced the expansion.   “The new name is both…

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Liberty Property Trust Continues Development Momentum at Liberty Center at Rio Salado in Tempe, Ariz.

Liberty Property Trust today announced that it has reached three milestone points in its development of Liberty Center at Rio Salado, its newest commercial real estate park in Tempe. In November the company broke ground on a 135,663 square foot building at 1930 W. Rio Salado Parkway.  In addition, it has officially opened its 96,000…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 76-UNIT APARTMENT BUILDING

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 Casa Antigua, a 76-unit apartment property located in Sierra Vista, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5,100,000. Hamid Panahi,…

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