SRS Executes Multiple Leases For 18|8 Fine Men’s Salon in Metro Phoenix

SRS Real Estate Partners (SRS) announces 18|8 Fine Men’s Salon has recently leased more than twenty locations in multiple markets across the U.S. including Boston, Chicago, Denver, Portland, Seattle, San Antonio and Minnesota. Three new leases have been executed in metro Phoenix, spaces range from 1,280-1,651-square-feet. 18|8 men’s haircare and grooming salons are the reinvention…

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PAPAGO PLAZA ACQUISITION FINANCING – ARRANGED BY CHURCHILL COMMERCIAL CAPITAL, INC.

Churchill Commercial Capital, Inc. (Cynthia Hammond, CMB, president) arranged equity financing through ABR Chesapeake Fund IV, a value-added real estate fund sponsored by Baltimore-based Alex Brown Realty Inc. (“ABR”) for the acquisition of Papago Plaza. The center was sold in early September to Papago Marketplace, LLC for $12.5 million. This 106,000 SF neighborhood shopping center…

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WESTWOOD FINANCIAL CORP. SELLS ARROWHEAD PLAZA FOR $14M

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, announced the sale of Arrowhead Plaza, located at 20165 N. 67th Avenue in Glendale, Arizona, for $14 million. The buyer, Arrowhead Plaza, LLC, owns the adjacent center. The 84,590-square-foot retail center was acquired in 1994 as…

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Compass Raises $50M in New Funding Round Led by Institutional Venture Partners

Compass, a technology-driven real estate platform, has closed a new round of funding, company executives announced today. The new $50 million funding round, led by Institutional Venture Partners (IVP), comes on the heels of the company’s $40 million round in July 2014. Compass’s total capital raised to date is $123 million. The round also included…

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Equus Capital Partners Enters into Joint Venture with iStar on Raintree Corporate Center

CBRE announced it has arranged the joint venture between Equus Capital Partners, Ltd. (“Equus”) and iStar for the ownership of Raintree Corporate Center, a premier Class-A office complex located at 8800 and 8888 E. Raintree Drive in Scottsdale, Ariz.   Bryan Taute with CBRE’s Phoenix office and Kevin Shannon and Brad Burton with CBRE’s El…

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VESTAR PROMOTES JIM BRENNAN TO VICE PRESIDENT OF OPERATIONS

Vestar, one of the largest privately held retail real estate companies in the western United States, has promoted Jim Brennan to the position of Vice President of Operations.  Previously he served as Regional Director of Property Management.   Based in firm’s Phoenix headquarters, Brennan will be responsible for providing operational support to the property management…

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Valley Partnership’s 2014 Community Project Earns Prestigious Honor

Valley Partnership’s 2014 Community Project won a prestigious Crescordia Award Saturday evening at the 35th annual Arizona Forward Environmental Excellence Awards. Arizona Foundation for the Handicapped (AFH), last year’s community project recipient, was honored in the Site Development Private Sector category at the Arizona Forward event at Chateau Luxe in Phoenix. “We are so thrilled…

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EastGroup Properties Welcomes Fast Fulfillment to East University II

Cushman & Wakefield, a global leader in commercial real estate services, announced today that EastGroup Properties has leased 17,400 square feet to Fast Fulfillment LLC’s at East University II, 1002 E. University Dr. Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield represented Jackson, MS-based EastGroup Properties in the transaction. Cooper Fratt of…

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