MARCUS & MILLICHAP ARRANGES THE SALE OF A 267-ROOM HOSPITALITY PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Hotel Tucson City Center Inn Suites, a 267-room hospitality property located in Tucson, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for…

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Shops at Southline Retail Center in Charlotte Wins Top Real Estate Deal in Heavy Hitter Awards

Shops at Southline retail center was named “top real estate deal” at the Charlotte Business Journal Heavy Hitters in Real Estate Awards ceremony on Wednesday, October 21. The program recognizes excellence in commercial real estate transactions and development across the region. Shops at Southline was completed in April 2015 by Stiles, a full-service real estate…

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Cullum Homes Set to Debut the Village at Silverleaf First Home to Break Ground in December

Cullum Homes, one of the Valley’s most prestigious homebuilders, is set to debut The Village at Silverleaf, its newest offering in one of the final neighborhoods in the exclusive community in Scottsdale.  Interested buyers have already reserved more than half of the 19 homes in this distinctive neighborhood.  The Village at Silverleaf Villas and Cottages…

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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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