MARCUS & MILLICHAP ARRANGES THE SALE OF A 49-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 Tidewood, a 49-unit apartment community located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,000,000. Trevor Hardy, investment specialists…

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IMMEDIA INTEGRATED TECHNOLOGIES WINS BIG AT INFOCOMM15

Immedia Integrated Technologies (Immedia LLC) has been honored with the Samsung Smart Signage Award for Excellence in Innovation at InfoComm15 in Orlando in June. The Excellence in Innovation is a new award recognizing a Samsung Partner for an innovative and original solution installation deployed in 2014. Immedia’s innovative design and installation for NRG Renew’s Scottsdale…

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HINES LEASES HIGH-PROFILE DOWNTOWN SPACE TO THE COUNTER

Hines, the international real estate firm, recently leased 3,200 square feet to The Counter, which has located its trendy build-your-own burger joint with a full bar in Renaissance Square’s free-standing, high-profile retail building. The Counter opened recently in the courtyard of Renaissance Square’s twin 25 and 27-story buildings near office tenants and visitors, as well…

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Chris Hew Joins Walker & Dunlop’s Mid-Atlantic Capital Markets Team

Walker & Dunlop, Inc. (NYSE: WD) announced today that it has hired Chris Hew as vice president in its Mid-Atlantic Capital Markets team in Bethesda, Maryland. Mr. Hew is a commercial real estate finance professional, responsible for sourcing and managing client relationships that lead to debt placement opportunities on office buildings, retail centers, hotels, industrial…

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JLL Closes $4.2M Sale in Quiet Giant – Deer Valley Industrial Submarket

The Phoenix office of JLL has just closed the $4.225 million sale of Bell17 Industrial, a three-building, 70,517-square-foot industrial project in North Phoenix’s Deer Valley submarket. The fully leased building acquisition is the latest for the Southwest industrial property buying strategy of ViaWest Group. “At more than 11 million square feet, Deer Valley is a…

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GRADUATION, TEAM COMPETITION WINNER HIGHLIGHT NAIOP ARIZONA’S DEVELOPING LEADERS EVENT

It was an evening of celebration recently as the NAIOP Arizona Developing Leaders Mentor Program hosted graduation for the 2014-2015 class at The Gladly. Mentors and protégés gathered in a private dining room for a reception, presentations, and a dinner. The 12 protégés, grouped into three teams, pitched development proposals on three sites: 59th Avenue…

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Commercial Insurance: Allstate Agency Owner Celebrates Five Years as Top Producer

Allstate commercial and other insurance services agent, Cheryl Stecko reached a major milestone this year in northern Arizona. Stecko is celebrating five years of helping Camp Verde, Ariz. residents protect what matters most to them – their families, their homes, their automobiles and their lives. “Time flies! It feels like just yesterday when we opened…

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Heritage Square Apartment Homes in Gilbert, Ariz. Sells for $12 Million

DTZ, a global leader in commercial real estate services, announced today that Clear Sky Capital Heritage Square L.P. (Clear Sky Capital, Marcus Kurschat, Principal), sold Heritage Square Apartment Homes located at 65 E. Olive Ave. for approximately $12 million ($100,000 per unit). The buyer was Bellevue, WA-based Heritage Square – Phoenix, LLC, (Curtis Capital Group,…

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CBRE’s Multifamily Investment Group Completes Three Transactions Totaling $4.55 Million

Brian Smuckler and Jeff Seaman of CBRE’s Multifamily Investment Group have completed the following sales transactions totaling $4.55 million across three properties throughout the Valley: • Catalina, a 33-unit community located at 3001 North 36th Street in Phoenix, sold for $2.2 million. The buyer was Pacifica-GSPT, LLC of Los Gatos, California. The seller was Catalina…

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Cresa Phoenix Negotiates on Behalf of Symphony Health Solutions at Biltmore Financial Center

Symphony Health Solutions, an industry-leading provider of technology solutions for healthcare and life sciences manufacturers, payers and purchasers, recently secured 13,481 SF that will offer better workflow and collaboration consistent with the company’s culture. The deal, which included a buyout of the nearly 73,000 SF Symphony Health occupied for another 5 years, occurred within Biltmore…

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