Walker & Dunlop Originates 25-year Refinance Loan for The Franklin Apartments

Walker & Dunlop, Inc. (NYSE: WD) announced today that it originated a $16,250,000 fixed-rate loan for the refinance of The Franklin Apartments, located in Milwaukee, Wisconsin. The loan has a 25-year term and includes a flexible prepayment optionality after year sixteen. Justin Nelson, Milwaukee-based vice president, led the Walker & Dunlop team that structured the…

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Johnson Carlier’s Elena Henry named 2014 Woman of the Year Phoenix Business Professional Women (BPW)

Elena Henry, Senior Project Engineer at Tempe, Ariz.-based general contracting firm Johnson Carlier, was recently honored at the Business and Professional Women of Arizona State Convention, naming her 2014 Woman of the Year. She was recognized for her contributions to the Phoenix local organization throughout the 2013-14 year. Each year, the woman of the year…

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COMMERCIAL PROPERTIES INC. IS PLEASED TO ANNOUNCE THAT INTERMOUNTAIN DRILLING SUPPLY CORPORATION RENEWS LEASE OF 31,513 SF

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announces the lease renewal of a 31,513 square foot industrial building at 620 South 80th Avenue in Tolleson, Ariz. The 31,513 square foot building is located just off Buckeye Rd and 80th Ave. Jeff Hays, Chad Neppl and Ryan Steel represented the tenant, Intermountain…

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9,816 Square Foot School Sold in Phoenix by GPE Commercial Advisors

GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured the sale of a 9,816 SF one-story school located at 812 South 6th Avenue in Phoenix. The building sold for $615,000. Executive Vice President, Nicholas A. Pelusio, and Senior Vice President, Kevin Helland represented the seller, Marie Maros Siblings,…

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LEDONNA SPONGBERG JOINS CBRE’S PHOENIX OFFICE AS FIRST VICE PRESIDENT OF RETAIL LEASING

CBRE has announced that LeDonna Spongberg, a retail leasing professional, has joined the company’s Phoenix office as a first vice president. Ms. Spongberg comes to CBRE to join regional retail leaders from the United Commercial Realty (UCR) Urban Leasing team. Dallas-based UCR was acquired by CBRE earlier this year. Locally Ms. Spongberg will partner with…

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Melissa A. Swader joins the Sperry Van Ness, LLC in Phoenix as the New Public Relations Media & Marketing Contact

Melissa A. Swader has joined the Sperry Van Ness team in Phoenix, AZ as the new Public Relations Media and Marketing Contact. Swader will be involved in all aspects of planning publicity campaigns, writing and producing presentations and press releases. She will also be your contact for organizing joint promotional events such as fundraisers, press…

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LGE Design Build Completes Lo-Lo’s Chicken & Waffles at Heritage Marketplace in Gilbert

LGE Design Build has completed construction of Lo-Lo’s Chicken & Waffles at Heritage Marketplace, a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert. Lo-Lo’s Chicken & Waffles, 366 N. Gilbert Road, is now open. The 4,300-square-foot restaurant offers a full bar with several large television screens and outdoor seating that draws energy from the street.…

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EL PASO HOUSING AUTHORITY RENTAL ASSISTANCE DEMONSTRATION (RAD) PROJECT REACHES CLOSING WITH HUNT COMPANIES, INC.

Hunt Companies, Inc. (“Hunt”) and the Housing Authority of the City of El Paso (“HACEP”) today announced the successful closing on 1,590 units at 13 separate properties across the City. This project is Phase I of the country’s largest Rental Assistance Demonstration Project, representing a $250 million initial public/private investment of what could potentially grow…

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IRGENS LEASES 17,979 SF TO INTEGRA AT 5055 EAST WASHINGTON STREET CLASS A OFFICE BUILDING

Irgens is pleased to announce that Integra, one of the largest facilities-based providers of communication and networking services in the western United States, has leased the entire third floor of 5055 East Washington Street in Phoenix. Integra’s lease of 17,979 square feet leaves just one suite at 1,609 square feet remaining in the Class A…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF ±12,613 SF OF RETAIL STOREFRONT AND THE SALE OF A ±14,903 SF OFFICE PLAZA IN PHOENIX

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 4522-4530 N 7th Street in Downtown Phoenix, Arizona. Brandon Koplin of CPI’s Tempe Office Group represented the Buyer, Canal and Seventh, LLC. The ±12,613 SF, fully leased building was built in 1965 and is located just south…

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CBRE Completes $2.1 Million Sale of Single-Tenant Retail Property in Old Town Scottsdale

CBRE has completed the sale of a single-tenant retail property located at 7316 E. Stetson Drive in Scottsdale, Ariz. The asset, which is currently home to Red Revolver Night Club, commanded a sale price of $2.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office represented the seller, GEM Realty Advisors, LLC of Phoenix.…

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