DTZ, a global leader in commercial real estate services, announced today that American Realty Capital Healthcare Trust II, Inc., a New York-based REIT, purchased Plaza Medical & Research Center Phase II for $5.35 million. The seller was Plaza Medical Research Center Phase II, LLC (dba Plaza Companies, Sharon Harper, President). Located at 13090 N 94th…Details
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
Natural Grocers by Vitamin Cottage, a rapidly expanding retailer of specialty, high-quality food and dietary supplements, signed a 27,827 SF lease at Scottsdale Towne Square. The anchor space was formerly occupied by Smart and Final and is located at 13802 N. Scottsdale Road in Scottsdale, Ariz. Greg Saltz, President of GPS Retail Advisors, is the…Details
Leasing activity is up 31.3 percent year over year in Metro Phoenix and large blocks of Class A office space are nearly sold out, according to Cushman & Wakefield of Arizona. “Demand for office space in Phoenix has returned and the East Valley continues to be the beneficiary,” says Jerry Noble, Market Leader of Cushman…Details
The Fincham Dempsey team were successful in selling two Glendale, Ariz. shopping centers in the final week of July. Glendale Market Square & Arrowhead Plaza were sold satisfying 1031 exchanges for the buyers for a total of $38,600,000. The Lee & Associates Fincham Dempsey Team, led by Jan Fincham and Patrick Dempsey, facilitated the transaction…Details
Levrose Commercial Real Estate/TCN Worldwide is pleased to announce its recent hire of Mark Cassell, who will join the team as Associate at their Scottsdale office. Mark’s primary focus will be multi-tenant retail investment sales and leasing. Under the leadership and guidance from Trenton McCullough, Peter McQuaid, and Greg Vanlerberghe, Mark will learn to perfect…Details
Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of La Ville Apartments, a 20-unit apartment complex located at 4231 North 27th Street in the Biltmore-area of Phoenix. The multifamily asset commanded a sale price of $1,230,000 or $61,500 per unit. The Phoenix-based Vestis Group multifamily brokerage team of Natan…Details
Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of East Morningside Apartments, a 10-unit apartment complex located at 4116-4120 North 21st Street in the Biltmore-area of Phoenix. The multifamily asset commanded a sale price of $560,000 or $56,000 per unit. The Phoenix based Vestis Group multifamily brokerage team of…Details
Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of Ben Pines Apartments, a 15-unit apartment complex located at 3122 North 38th Street in the Arcadia-area of Phoenix. The multifamily asset commanded a sale price of $937,500 or $62,500 per unit. The Phoenix based Vestis Group multifamily brokerage team of…Details
The Phoenix office of Skanska has started work on Phase One of the 8,675-acre Skyline Regional Park in Buckeye, Ariz. The $3.95 million project for the City of Buckeye includes roadway construction, park features including entry gate house, entry gate monument and gates, ramadas, rest rooms and a pedestrian/equestrian bridge across the Skyline Wash. The…Details
Liberty Property Trust has sold 1170, 1180 and 1190 Devon Park Drive, a fully-leased, three-building complex comprising 250,185 square feet of office space in Wayne, PA, for $63.5 million. The transaction closed yesterday.
Liberty was represented by Newmark Grubb Knight Frank in the transaction.
DTZ, a global leader in commercial real estate services, announced today the sale of ±50.1 acres on the southwest corner of Interstate 10 and 119th Avenue in Avondale, Ariz. to Avondale I-10, LLP, which purchased the land for $2 million ($0.91 PSF) from Salt Lake City investment firm FNBN Spectrum, LLC (dba Sorenson Group Management).…Details
ViaWest Group recently purchased the Biltmore Financial Center, three Class A office buildings totaling approximately 635,000 square feet at the northwest corner of 24th Street and Camelback in Phoenix, for $163.1 million (or $257 per square foot). The transaction is the largest multi-tenant office sale in the Phoenix area since 2007 and third largest sale…Details
New apartment communities are popping up everywhere, due to strong demand fundamentals and a growing desire for the flexibility afforded by renting rather than owning. The vast majority of multifamily developments underway in the Valley today target urban-style living. Mark-Taylor’s latest project, San Milan, is a drastic deviation from the emphasis on high-density living…smack dab…Details
DPR Commercial Realty located in the Camelback Central Phoenix corridor was created in April 2014, by Jeffrey Garza Walker’s and Michael Moreines with the goal to distinguish DPR Commercial Realty, LLC not only as a company that our clients enjoy working with, but more importantly, trust. At DPR Commercial, our team of 12 sales consultant…Details