COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE LEASE OF A ±33,000 SF INDUSTRIAL MANUFACTURING SITE IN CASA GRANDE, AZ

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of 1441 North VIP Boulevard in Casa Grande, Arizona. Jeff Hays, Chad Neppl, John G. Soldo, SIOR and Ryan Steele of CPI’s Tempe Industrial Team represented the owner, Jensen Precast for this ±33,000 SF property with five structures…

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Vertical Ventures Announces the Purchase of Eastmont Town Center in Oakland, CA

Vertical Ventures, a private equity investment firm based in Walnut Creek, today announced the purchase of Eastmont Town Center, a 541,390 square foot office property located in Oakland, CA. Eastmont Town Center is the premier destination for community-oriented tenants in Alameda County. Its central location provides tenants with immediate access to the residents they serve…

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American Realty Capital Taps Plaza Companies to Lease Arrowhead Medical Plaza I and II in Glendale

Plaza Companies has been selected as the exclusive leasing team for a pair of thriving medical office buildings on the Arrowhead Hospital Campus in Glendale. American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare), a real estate investment trust specializing in medical office buildings, senior housing and other healthcare facilities, has tapped Plaza Companies to…

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Colliers International Completes $1.85M Sale of YWCA Office Building in Phoenix

Colliers International in Greater Phoenix recently completed the sale of the 31,746-square-foot YWCA Class B office building in Phoenix for $1.85 million or $58.29 per square foot. Banner Health of Phoenix purchased the building, located at 755 E. Willetta Street, from Arizona YWCA Metropolitan Phoenix. The buyer was represented by Pat Williams, managing director of…

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HINES WINS NAIOP TRANSACTION OF THE YEAR FOR CHANDLER VIRIDIAN

Hines, the international real estate firm, has won NAIOP Arizona’s Transaction of the Year for the purchase and entitlement of Chandler Viridian, a mixed-use development at the northwest corner of the Loop 101/Loop 202 interchange. “Chandler Viridian was an incredibly complicated transaction to complete and involved years of overcoming challenges,” said Brandon Dillingham, director of…

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Eagle Group Finance Provides $5.1 Million in Two Bridge Loans to Refinance Projects in Phoenix, AZ and Reno, NV

In two separate financings, both funded within three weeks of application, Eagle Group Finance has provided $5.1 million in short-term loans secured by a creative office building in Phoenix, AZ and an industrial building near Reno, NV. Eagle Group Finance provided a Los Angeles-based investor with a $1.6 million bridge loan, which was secured by…

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Walker & Dunlop Structures $54M Loan for Highland Gardens Apartments in Mountain View, California

Walker & Dunlop, Inc. announced today that it structured a $54,840,000 Fannie Mae acquisition loan for Highland Gardens Apartments in Mountain View, California. The seven year loan was structured as full term interest only with a 65% loan-to-value ratio and a 1.25x DSC ratio. Highland Gardens Apartments is a 187-unit garden-style apartment community built in…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,500-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 Chuy’s Mesquite Broiler, a 2,500-square foot net-leased property located in Tucson, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,028,000. Jamie…

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