MARCUS & MILLICHAP ARRANGES THE SALE OF A 144-UNIT APARTMENT BUILDING

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 Sunflower, a 144-unit apartment property located in Tucson, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $4,100,000. Hamid Panahi, Cliff David…

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ABI Multifamily Brokers $10.75M Value-Add Sale of Paradise North Apartments to California-based Investor, FPA Multifamily

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $10,750,000 sale of the 138-Unit, Paradise North Apartments located on 40th Street, just North of Bell Road in the Northeast Phoenix/North Paradise Valley submarket. “Paradise North Apartments is a unique property comprised of large, 987 SF average, Two Bedroom /…

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NorthMarq Capital negotiates $1 million refinance of retail property in Chandler, Arizona

Brian Teske, vice president of NorthMarq Capital’s Phoenix based office secured the $1 million refinance of the Chandler Plaza, a 6,900 sq.ft. retail property located at 1050 W. Chandler Boulevard in Chandler, Ariz.   The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship…

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Sperry Van Ness, LLC Announces $6.9 Million in weekly Sales/Lease transactions

An outstanding week of sale and lease transactions reaches almost $7,000,000 in total deal value.  Directors of Leasing, Mary Ridberg and Rommie Mojahed continue to excel in this industry by selling the Chandler Heights Marketplace for $5,425,000; an upcoming upscale retail shopping center in Chandler, along with a 4,800 square-foot lease at Riggs Landing for…

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Sun State Builders Announces the Launch of Its New Website

Sun State Builders is excited to launch its state-of-the-art website featuring a bold new design and stunning photography. SunStateBuilders.com has been re-branded utilizing the latest in mobile and responsive web technology to provide the ultimate user-friendly experience with improved navigation and functionality for desktops, tablets, and smartphones alike. The new website contains a detailed project…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 4,692-SQUARE-FOOT NET-LEASED 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 Wells Fargo Ground Lease, a 4,692-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 14,820-SQUARE-FOOT NET-LEASED 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 Walgreens, a 14,820-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $5,466,600. Jamie Medress…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 20,000-SQUARE-FOOT NET-LEASED 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 Goodwill – 15 Year NNN, a 20,000-square foot net-leased property located in Yuma, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for…

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NorthMarq Capital arranges financing for $32 million purchase of One South Church in Tucson, Arizona

John Kinser, vice president and James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office arranged the $25.5 million acquisition financing of One South Church, a 240,811 sq. ft. office property located at 1 South Church Avenue in Tucson, Arizona.   The property is prominently located on the Sun Link Streetcar…

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HINES ANNOUNCES MANAGEMENT PROMOTION AND HIRE AT RENAISSANCE SQUARE

Hines, the international real estate firm, recently promoted Steve Hamel to General Property Manager and hired Lindy Mertins as Property Manager. Both positions are located at Renaissance Square. Hamel oversees a staff of 18 at Renaissance Square. He previously served as Property Manager of Renaissance Square. Through his leadership, Hamel has improved tenant satisfaction, accounting…

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Westcore Properties Acquires $69.4 Million MetLife Southern California Industrial Portfolio

Increasing its already strong presence throughout California’s well-established industrial markets, Westcore Properties is purchasing an infill industrial portfolio from MetLife for $69.4 million. The core-plus acquisition includes eight buildings in four projects consisting of 634,289 square feet of well-located, highly functional properties in the robust industrial markets of Orange County and Inland Empire. Properties included…

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