GPE Commercial Advisors Secures the Sale of a 36,361 SF Church & School Complex in Glendale, Ariz.

GPE Commercial Advisors, an award winning commercial real estate firm in Arizona, secured the sale of a 36,361 SF church and school complex located at 8807 North 61st Avenue, in Glendale, Arizona. World Mission Society Church of God purchased the property for $1,540,000. Senior Vice President, Bret Isbell represented the Seller, Covenant Christian Fellowship Church…

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Colliers International HSK Multifamily Team closes Sonoma Grand Apartments

Solano Terrace LLC in Phoenix (Zev Hendeles, principal) paid $12.25 million ($42,535 per unit) to buy the 288-unit Sonoma Grand apartments located at 4715 N. Black Canyon Highway in Phoenix. The seller was Ridge Apartments LLLP, a limited partnership formed by Mentor Properties Inc. in Scottsdale (Cal DeSouza, Frank DeSouza, principals). The deal was brokered…

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C&W BRINGS ENRIGHT CAPITAL’S FIRST COMMONS PROPERTY TO 94% OCCUPANCY WITH ADDITION OF AMERICAN BUILDING SUPPLY

Cushman & Wakefield of Arizona, Inc. negotiated a long-term industrial lease on behalf of First Commons landlord Enright Capital, Ltd., of Calgary, relocating an American Building Supply, Inc. (ABS) facility and bringing the property to 94% occupancy. ABS leased 17,357 square feet at First Commons, located at 4635 W. McDowell Rd. ABS is a distributor…

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Colliers International Completes $3.75 Million Shopping Center Sale in Scottsdale’s ‘Cure Corridor’

Colliers International in Greater Phoenix recently sold Scottsdale’s 35,733-square-foot Village at Via Linda shopping center for $3.75 million as part of a 1031 exchange. Arizona Partners of Phoenix, a real estate developer and investment firm, purchased the center, 8989 East Via Linda, from Village of Via Linda LLC of Los Angeles. Colliers’ Scottsdale office brokered…

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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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