Colliers International Completes $6.5 Million Lease and Sale for Rae Family Trust

Colliers International in Greater Phoenix recently completed a $1.96 million office lease and a $4.525 million sale of the same multi-tenant industrial office building for the James A. Rae Family Trust of Phoenix, which is exclusively represented by Colliers Vice Presidents Kim Soulé and Tom Knaub. The property, owned by the Rae Family Trust, is…

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Native American Connections Purchases Central Phoenix Land for Apartment Development

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Native American Connections, LLC has purchased 1.76 acres at 1537 W. Camelback Rd. for $1.1 million. Cushman & Wakefield Vice Presidents Brian Rosella and Will French represented Nile Housing Partners L.P. of Phoenix, seller of the property. “Native American Connections plans…

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Tower Capital Arranges $13,000,000 Acquisition Loan for Historic Clift Office Building

Phoenix-based structured finance firm, Tower Capital, recently arranged a $13,000,000 acquisition loan on behalf of Salt Lake City-based private investment group to acquire the historic Clift Building located in downtown Salt Lake City.   The 105,000-square-foot multi-tenant office building consists of nine floors and features a 5,500-square-foot theater that is currently lease to the “Off…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±16,702 SF RETAIL CENTER IN SCOTTSDALE, Ariz.

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Scottsdale Mountainside Shops at 10855 N 116th Street in Scottsdale, Ariz.  Tom Semancik of CPI’s Investment Specialist Team represented the seller, Van Vliet Acquisitions IV. The ±16,702 SF property was built in 2004 and is located just…

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North Mountain Plaza sells for $10.5 Million in Northwest Phoenix

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Arizona-based Pivot Development, LLC has purchased North Mountain Plaza, a retail center in Northwest Phoenix for $10,577,000. Cushman & Wakefield Senior Vice Presidents Dan Salley and Jack Wilson negotiated the purchase transaction on behalf of the buyer. Cam Stanton of CBRE…

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Pivot Development Purchases Papago Plaza for $12.5 Million

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Arizona-based Pivot Development, LLC has purchased Papago Plaza and an adjacent office building in South Scottsdale for $12.5 million. Cushman & Wakefield Senior Vice Presidents Dan Salley and Jack Wilson negotiated the acquisition. Papago Plaza is a pueblo-style retail center located…

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At 90 Percent Sold-Out, Twelve|Twelve Condo in Nashville Wins NAHB 2015 Pillar Award

Fort Lauderdale, FL-based commercial real estate firm Stiles and Nashville, TN-based Hensler Development Group announced today that the nearly sold-out Twelve|Twelve condominium in Nashville, TN has won a 2015 National Association of Home Builders (NAHB) Multifamily Pillars of the Industry Award for Best Condominium Community. This highly coveted industry award recognizes excellence in multifamily design,…

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Colliers International Completes $2.175 Million Combined Sale, Triple Net Leaseback for Gilbert Medical Office Condominiums

Colliers International in Greater Phoenix recently completed two separate medical office condominium sales totalling $2.175 million in a triple net leaseback deal for Desert Pulmonary and Sleep Consultants in Gilbert. The combined square footage is 8,396.   Both transactions were led by Steve Gonzalez, senior vice president; Marcus Muirhead, vice president; and Greg Guglielmino, senior…

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HINES RENEWS U.S. ATTORNEY’S OFFICE LEASE AT RENAISSANCE SQUARE

Hines, the international real estate firm, today announced the renewal of the U.S. Attorney’s 72,980-square-foot, long-term lease at Renaissance Square, where it has been located for 15 years. The U.S. Attorney’s Office employs 280 staff members, including 120 attorneys, on floors 15-18 of Two Renaissance Square, a property owned by Hines. “We are very pleased…

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