CBRE Completes $7 Million Sale of ReCommunity Recycling Center in Tucson, Ariz.

CBRE has completed the sale of the ReCommunity Recycling Center located at 3780 E. Ajo Way in Tucson, Ariz. The asset commanded a sale price of $7 million. Mike Sandahl, David Blanchette, CCIM and Wyatt Campbell in CBRE’s Tucson office negotiated the transaction on behalf the buyer, a joint venture of three Alaska-based partnerships and…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 180,000-SQUARE FOOT NET-LEASED PORTFOLIO

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 Camelback Village Square Ground Lease, a 135,000-square foot net-leased property and a LA Fitness Ground Lease, a 45,000-square foot net-leased property located in Phoenix, according to Don Morrow, regional…

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HAGENS BERMAN SOBOL SHAPIRO RE-COMMITS TO LUHRS TOWER IN DOWNTOWN PHOENIX

Newmark Grubb Knight Frank (NGKF) announced that Luhrs City Center at 11 West Jefferson Street, has renewed its lease with Hagens Berman Sobol Shapiro, LLC (Hagens Berman). The preeminent national class-action law firm extended its lease for 8,037 square feet at the historic, 14-story art deco masterpiece in the heart of downtown Phoenix. NGKF’s Executive…

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Capital Asset Management Completes sale of Forum at Gilbert Ranch; 3rd sale in less than 90 days totaling nearly $40 million

Capital Asset Management, Phoenix, announced today the successful sale of The Forum at Gilbert Ranch office complex for $9 million. Located at Val Vista and Williams Field, the project is comprised of 92,440sqft on 6.5 acres. Left in turmoil, The Forum at Gilbert Ranch was a victim of the 2008 recession. With the original developer…

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Walker & Dunlop Structures $17M Refinance Loan for Brookstone Apartments in Rock Hill, South Carolina

Walker & Dunlop, Inc. (NYSE: WD) announced today it structured a $17,000,000 refinance loan for Brookstone Apartments in Rock Hill, South Carolina. The loan for Brookstone Apartments was a competitive 15-year fixed rate loan, featuring five years of interest-only followed by a 30-year amortization schedule. The financing proved to be the ideal loan for the…

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Big Brothers Big Sisters of Central Arizona Relocating Corporate Office to Valley Commerce Center

DTZ, a global leader in commercial real estate services, announced today the completion of a 10,097 square foot lease on behalf of Big Brothers Big Sisters of Central Arizona (BBBSCA) at Valley Commerce Center, 4745 N 7th Street in Phoenix. Vice President Justin Himelstein with DTZ’s Occupier Services Office Group represented BBBSCA during the lease…

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Prime DC Ranch Office Development Sold for $18.7 Million

On behalf of Arizona-based DMB, the Phoenix office of JLL has completed the $18.7 million sale of Canyon Village, a Class A mixed-use office project and cornerstone development within the DC Ranch masterplanned community in Scottsdale, Arizona. JLL Senior Managing Director Dennis Desmond and Senior Vice President Brian Ackerman represented the property seller, Canyon Village…

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MG Properties Group Acquires Trillium Papago Apartments in Phoenix, Arizona for $36M

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of the Trillium Papago Apartments in Phoenix, Arizona. The property consists of 270 luxury apartments built in 2007. The property features an exceptional array of common area amenities, including a resort-style pool and spa, modern fitness center, movie theater,…

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