2,800 Former Home of Caliente Construction Sold for $101/SF by GPE Commercial Advisors

GPE Commercial Advisors, an award winning commercial real estate firm in Arizona, secured the sale of the former home of Caliente Construction, a 6,027 SF one-story flex/industrial building located at 242 South El Dorado Circle in Mesa for $610,000 ($101/SF). “Caliente Construction is so pleased with the way GPE Companies managed the sale of our…

Details

BERKADIA ORIGINATES OVER $14M FOR HISTORIC, AFFORDABLE HOUSING PROPERTY IN PHOENIX

Berkadia recently originated a $14.1 million loan for Westward Ho Apartments, a nationally registered historic landmark property located in downtown Phoenix. The property, a former 600-unit luxury hotel, was originally purchased and converted to 289 housing units for elderly and disabled residents in 1978 by Gaudreau Development Company, an affiliate of the current owner and…

Details

ABI Broker’s Sale of Repositioned Multifamily Asset in Phoenix Midtown’s 16th Street Corridor

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of the Palm Vista Apartments a 40-unit, apartment community for $1,950,000 or $48,750 Per Unit. Originally built in 1982, Palm Vista Apartments is comprised of two contiguous buildings that are constructed of block and wood with pitched roofing. Over…

Details

Colliers International Completes Long-term Lease for Avesis Incorporated

Colliers International in Greater Phoenix recently represented Avesis Incorporated in a long-term office lease totaling +/- 55,501 square feet at the Corporate Center, located at 10400 North 25th Avenue in Phoenix. The tenant was represented by Todd Noel, CCIM, executive vice president with Colliers International. The landlord, Bob Olshan, vice president and Phoenix office head…

Details

R&H Investments Acquires Property Occupied by USG Corporation

DTZ, a global leader in commercial real estate services, announced today the $4.6 million sale of a single-tenant industrial property occupied by United State Gypsum Corp. (NYSE: USG) at 5061 N. 51st Avenue in Phoenix. R&H Investments of Los Angeles purchased the ±99,923 square foot manufacturing and distribution building from Camelback Industrial, LLC of Santee,…

Details

Eric Magnuson Joins Walker & Dunlop’s Western Region Capital Markets Team

Walker & Dunlop, Inc. (NYSE: WD) announced today that it has hired Eric Magnuson as senior vice president in its Western Region Capital Markets team in La Jolla, California. Mr. Magnuson is a senior commercial real estate professional, responsible for debt and equity placement for commercial real estate finance, asset management, income property sales, project…

Details