ABI Multifamily Closes Mesa Apartment Located next to Banner University’s Mesa Corporate Center

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $3,300,000 sale of Cabrillo Pointe, a 65 unit apartment that is located in Mesa, Ariz. Cabrillo Pointe is a single-story community, built in 1960 and comprised of one and two bedroom apartment homes with an average size of approximately 836SF.…

Details

NorthMarq Capital welcomes Griffin Martin to its Phoenix Regional office

Griffin Martin has joined the Phoenix regional office of NorthMarq Capital as vice president and producer. At NorthMarq, Martin’s primary focus will be to structure and place debt and equity for clients seeking to acquire, refinance or develop commercial real estate properties. Most recently, Martin founded and operated a commercial mortgage brokerage company based in…

Details

CBRE Completes Two All-Cash, Infill Multifamily Sales Totaling More Than $5.9 Million

CBRE Multifamily Investment Properties’ Brian Smuckler and Jeff Seaman have completed two all-cash sales transactions in metro Phoenix. The sales of the 121 Broadway (Tempe) and Bonfire (Central Phoenix) apartment communities totaled more than $5.9 million.   121 Broadway is a 36-unit community located at 121 East Broadway Road in Tempe with ideal proximity to…

Details

GPE Commercial Advisors Secures Sale of Former Eva’s Fine Mexican Food in Casa Grande for $1,330,000

GPE Commercial Advisors, an award winning commercial real estate firm in Arizona, secured the sale of a 14,426 SF mixed use property located at 2033 North Pinal Avenue in Casa Grande. The former restaurant sold for $1,330,000 ($92.19/SF). Senior Vice President, Bret Isbell represented the Seller. Jeril Benedict of KW Commercial represented the Buyer. The…

Details

COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A 18,815 SF INDUSTRIAL FLEX BUILDING IN CHANDLER, ARIZ.

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Sunstate Plaza, a 18,815 SF industrial flex building located at 1727 N Arizona Avenue in Chandler, Arizona.  Darin Edwards of CPI’s Industrial Team, and Andy Jaffe of CPI’s Investment Specialist Team represented the seller, New Age Properties,…

Details

MODE APARTMENTS COMPLETES 20TH MULTIFAMILY ACQUISITION IN PHOENIX MARKET

Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of Villa Pacifica Apartments, a 12-unit apartment complex located at 4207 North 27th Street in the Biltmore-area of Phoenix, Arizona. The multifamily asset commanded a sale price of $700,000 or $58,333 per unit. The Phoenix based Vestis Group multifamily brokerage team…

Details

Phoenix Commercial Advisors – $23.1M Sale of Greenway Park Plaza

Recent closing by Chad Tiedeman, Steven Underwood and John Schweikert of Phoenix Commercial Advisors: Some story highlights: B centers are starting to sell – no longer just trophy properties International money starting to be invested in Arizona (Newly formed international REIT was the buyer of Greenway Park Plaza) Property Name: Greenway Park Plaza COE: October…

Details

Practice Management Specialists Relocates Corporate HQ in Mesa, Ariz.

CBRE has announced the signing of a ±16,380-square-foot office lease at 4435 E. Holmes Avenue in Mesa, Arizona. Practice Management Specialists, a local business service provider for dental practices, will relocate its corporate headquarters to the newly leased building at the end of this year. Jamie Swirtz with CBRE’s Phoenix office negotiated the long-term lease…

Details

Kathy Foster of Colliers International Receives CoreNet Global’s Master of Corporate Real Estate (MCR)

Kathy Foster, senior vice president of Corporate Solutions at Colliers International in Greater Phoenix, has been awarded the industry’s most prestigious designation, the Master of Corporate Real Estate (MCR), by CoreNet Global, the world’s leading professional association for corporate real estate and workplace executives. “Kathy Foster joins a distinguished class of MCR graduates who have…

Details

CBRE Completes $95.8 Million Sale of Pillar at Scottsdale Apartment Community

CBRE has completed the sale of Pillar at Scottsdale, a 539-unit apartment community located at 17212 North Scottsdale Road in Scottsdale, Arizona. The property commanded a sale price of $95.8 million and was 96% occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction.…

Details

P.B. Bell Acquires Gilbert Community, Renames it Alcove at The Islands

P.B. Bell, a leader in multifamily real estate development, management and acquisitions, has acquired Bayside at The Islands, a 272-unit apartment community in Gilbert, Arizona. Moving forward, the community will be known as Alcove at The Islands.   P.B. Bell purchased the lakeside apartment community, located at 1300 W. Warner Road, from Duluth, Minnesota-based Mercury…

Details