NorthMarq Capital’s Phoenix & Los Angeles offices arrange $10.4 million financing for Weststate Arizona Commerce Center

James V. DuMars, senior vice president/senior director of NorthMarq Capital’s Phoenix based regional office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles-based regional office arranged the $10.4 million refinance of Weststate Arizona Commerce Center (Buildings II & III), a 231,166-SF industrial property located at 825 North 73rd Ave. and 7225 West…

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Levrose Completes $2.08 M Sale of Phoenix Office Building

Levrose Commercial Real Estate recently completed a $2,080,000 sale of a 17,500 square foot multi-tenant office building at 4203 E Indian School Road in Phoenix. Greenstreet Communities, Inc., a custom home design, construction and development company, purchased the property from Waltra Strazzara. Geoff Turbow of Levrose Commercial Real Estate represented both the buyer and the…

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GREEN, HOFFMAN PARTNERING TO DEEPEN RESEARCH CAPABILITY

Jeff Green, president of Jeff Green Partners, and Jerry Hoffman, president of Hoffman Strategy Group, have announced a formal collaboration to expand their companies’ work on complex, mixed-usefeasibility research including retail, residential, office and hotel uses. “There is no such thing as a single-use project anymore,” says Green. “Today, too many professionals in our industry…

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Metro Commercial Properties & Principal Real Estate Investors Announce Mesa Light Industrial Development

On Thursday, July 9, 2015, Metro East Valley Holdings, LLC, a joint venture between Tempe based Metro Commercial Properties, Inc., and a private REIT managed by Principal Real Estate Investors, Des Moines, IA, completed the purchase of 21.5 acres of land fronting the US 60 Superstition Freeway in Mesa, Arizona, for a planned four building…

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Healthcare Trust of America, Inc. Announces Second Quarter Investments in Boston, Charleston, Indianapolis & Raleigh

Healthcare Trust of America, Inc. (NYSE: HTA) announced today that it had closed on approximately $190 million of acquisitions in the second quarter of 2015, bringing the full year acquisition total to $226 million. HTA’s second quarter investments are all located in existing key markets of Boston, Charleston, Indianapolis and Raleigh. All acquisitions were on…

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ABI Facilitates Sale of Historic Adaptive Reuse Project in Downtown Phoenix’s Roosevelt Row Arts District

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $1,165,000 sale of the Historic Power Apartments located in Phoenix, AZ. Originally built in 1914 as apartments, the property was converted and has been run as an office building for many years. The new owner intends to revert the property…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 49-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 Tidewood, a 49-unit apartment community located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,000,000. Trevor Hardy, investment specialists…

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