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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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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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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