Upswing in Old Town Scottsdale: Velocis Purchases Camelback Square

Velocis, a private equity real estate fund, today announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale, Arizona. The asset was previously owned by Lincoln Property Company (LPC), along with a fund managed by Oaktree Capital Management, L.P. (Oaktree). The sale underscores the attractiveness of the…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE LEASE OF TWO OFFICE SUITES TOTALING 11,666 SF IN PHOENIX

Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Spooner Physical Therapy. Spooner Camelback will be expanding and relocating to 5040 N. 15th Avenue, and Spooner Desert Ridge will be expanding and relocating to 20830 N. Tatum Blvd., in Phoenix, Arizona. Scott Nelson of…

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Colliers International Completes $6.25 Million Sale of Technology Center at Talavi in Glendale

Colliers International in Greater Phoenix used its brokers’ connections to bring about the completion of the $6.25 million sale of the Technology Center at Talavi, a Class A multi-tenant and medical office building in Glendale. Phoenix Heart Realty LLC of Glendale purchased the property, located at 5859 West Talavi Boulevard, from Credit Union West of…

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Special Devices Inc. Purchases ±19.59 Acres in Mesa, Ariz.

DTZ, a global leader in commercial real estate services, announced today that Mesa-based Special Devices, Incorporated (SDI) purchased ±19.59-acres at Greenfield Road and Loop 202 for $5.5 million. The company purchased the land for a build-to-suit facility to meet its expansion needs for its air bag components division. DTZ Vice President Kent Hanson represented the…

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PATHFINDER PARTNERS CLOSES SALE OF CHESTER PLACE CONDOMINIUMS IN PHOENIX

Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic real estate investments, has closed the $1.65 million sale of Chester Place, an 11-unit condominium community constructed in 2008 and located in the Roosevelt Historic neighborhood of downtown Phoenix, Arizona. The property was acquired by Arizona-based Koventures, LLC. According to Lorne Polger, senior managing director…

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Atkisson Joins SimonCRE as Director of Construction

Commercial real estate developer SimonCRE announces the recent hire of Jared Atkisson as Director of Construction. Atkisson comes to SimonCRE highly experienced with a strong work history including managing the planning, development, construction, remodel, property management and maintenance of a portfolio of over 225 Carl’s Jr., Hardees, and Pizza Patron restaurants throughout the Midwest and…

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ABI Multifamily Facilitates Sale for Pathfinder Partners: 2008 Constructed Luxury Townhome/Loft Community in Downtown Phoenix

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $1,650,000 sale of Chester Place Lofts, located in Phoenix, AZ. The complete townhome/loft community consists of 11 individually parceled units that were built in 2008 and are currently operating as luxury rentals. The $1,650,000 purchase price reflects a price of…

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ARA’s Phoenix Team Announces the $750,000 Sale of The Parisian Apartments in Phoenix

17th Avenue Apt, LLC (Benjamin Covaciu, Principal) from Phoenix, Arizona has purchased Parisian Apartments, a 16-unit multifamily property located at 6502 N.17th Avenue, Phoenix, Arizona from The Betty Kamin Ewing Living Trust who was the original owner and developer of The Parisian Apartments back in 1964. Vice President Ryan Ash and Senior Associate Mike Woodrick…

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SimonCRE Names Bruhn Director of Marketing

Commercial real estate developer SimonCRE announces Kassandra Bruhn as Director of Marketing to the expanding team of professionals. Bruhn will directly lead the creative content strategy planning and will direct and implement the marketing goals of SimonCRE. Her long-standing, impeccable business relationships will provide communications support in expanding the SimonCRE network. Bruhn brings a strong…

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Child Safety and Family Services Agency Leases 112,323-Sq.-Ft. of Office Space in Metropolitan Phoenix

CBRE and JLL have negotiated a new 112,323-square-foot lease at Phoenix Corporate Tower located at 3003 N. Central Ave. in Phoenix. The tenant, who will be occupying space for administrative purposes, is the recently formed Arizona Department of Child Safety. Dave Carder, Luke Walker and Eric Schultz with CBRE’s Phoenix office represented the landlord, a…

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EQUUS ANNOUNCES $58.85 MILLION SALE OF LINCOLN TOWNE CENTRE IN SCOTTSDALE, ARIZ.

Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today the sale of Lincoln Towne Centre, a two building property totaling 226,112 square feet located at 4150-4250 N. Drinkwater Boulevard in downtown Scottsdale, Arizona, acquired by Transwestern Strategic Partners on behalf of its TSP Value and Income…

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Cushman & Wakefield Global Hospitality Arranges Record Breaking Sale of Calistoga Hills Resort

As the lead advisor, Cushman & Wakefield Global Hospitality recently arranged the record breaking sale of the Calistoga Hills Resort, an 88-acre fully-entitled development site located in the foothills of Calistoga, California. As one of Napa Valley’s last remaining large, untouched properties, this mixed-use project is fully entitled for 110 hotel keys, 20 villa residences…

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