CBRE Multifamily Investment Group Completes $800,000 Sale of West Osborn Apartment Community in Phoenix

CBRE has negotiated the following multi-family sale transaction: • Clear Sky Uptown III LLC from Phoenix, AZ has purchased West Osborn, a 17-unit multi-family property located at 445 West Osborn Road in Phoenix, Arizona from West Osborn Apartments LLC of Phoenix, AZ. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and…

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CUSHMAN & WAKEFIELD ADDS CORNER BAKERY TO THE MENU AT TEMPE GATEWAY

Cushman & Wakefield of Arizona is delivering a new Corner Bakery to Tempe Gateway, 222 S. Mill Ave. The 4,777-square-foot café/deli/bakery joins tenants that include Limelight Networks, Allstate, Waste Management, and Amazon at Tempe Gateway, which is now 99 percent occupied. Summer Jackson of C&W’s retail group represented the landlord, Parkway Properties Inc., in the…

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PHOENIX-BASED ABI MULTIFAMILY CONTINUES GROWIING UNPRECEDENTED MULTIFAMILY TEAM WITH ADDITION OF PATRICK BURCH AND JOHN KLOCEK

ABI MULTIFAMILY, Arizona’s largest locally-owned, dedicated multifamily brokerage and advisory firm, is pleased to announce the addition of Patrick Burch and John Klocek to the organization. The company is excited to welcome both Patrick and John to the organization as Vice Presidents. This further enhances the company’s ability to service a broad range of clients.…

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MARCUS & MILLICHAP SELLS SCOTTSDALE MULTIFAMILY FOR $191,667 PER UNIT

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 Loft 6, a recently renovated boutique apartment building in the downtown area of Scottsdale, Arizona. The asset commanded a sales price of $1,150,000 or $191,667 a unit. Brian Tranetzki…

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Hunt Breaks Ground on New Transit-Oriented Apartment Development in Dallas-Fort Worth Metroplex

Hunt Companies, Inc. (Hunt) announced today the ground breaking for a new transit-oriented development located in Richardson, Texas. The 250,000 square foot project is scheduled for completion in the summer of 2016. The development will include 280 market-rate apartments in a mix of one and two-bedroom apartments and lofts. Situated within the Dallas-Fort Worth metroplex…

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BH Properties Purchases Portfolio from Buchanan Street Partners

DTZ, a global leader in commercial real estate services, announced today the sale of the DMC Portfolio, a ±230,524 square foot, three property portfolio in Tempe and Chandler, AZ. BH Properties, LLC (Los Angeles) purchased the portfolio for $22.85 million from Buchanan Street Partners (Newport Beach, CA). Senior Managing Directors Bob Buckley, Tracy Cartledge and…

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New Mexico-Based Bank Leases 10,500 SF in Furst Properties’ Scottsdale Building

Bank 34 has leased 10,500 square feet of Class A office space at The Pinnacle in Kierland IV, a development of Furst Properties. The location, 14850 N. Scottsdale Road, is the New Mexico-based bank’s fourth full-service banking center. Other branches are located in Peoria, Ariz., Alamogordo, N.M., and Las Cruces, N.M. The bank’s name reflects…

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Colliers International’s Scottsdale Airpark Report Details Steady Growth

James Keeley, SIOR, CCIM, founding partner and managing broker at Colliers International’s Scottsdale office recently released a 2030 Report for the Greater Scottsdale Airpark detailing commercial market changes in the past 30 years to the present. The Greater Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square footage…

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