Cashen Realty Advisors announces the sale of two more infill property sales

The first property is a 10,000 s.f. retail building that was purchased for $827,000 located at 6107 N. 7th Street in Phoenix. The property is being redeveloped and repurposed for restaurant use by developer, Rick Cordoba of RCDS Contractors. Cordoba is negotiating with several restaurants as he can deliver 10:1,000 parking on the site. Cordoba’s…

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Stiles Signs Anheuser-Busch to 800 Brickell Office Tower in Miami; Brings Occupancy to 90 Percent

Stiles Realty, a division of Fort Lauderdale-based full-service real estate firm Stiles, announced international brewery Anheuser-Busch has signed a 63-month lease at 800 Brickell office tower for 3,218 square feet on the second floor. The premium suite is equipped with a 2,000-square foot balcony, a rare feature in this submarket, according to Stiles Realty Associate…

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Liberty Property Trust Brings Tuesday Morning Corporation to Phoenix with a 593,600 Square Foot Lease at Liberty Logistics Center I

Liberty Property Trust today announced that Tuesday Morning Corporation has signed a ten year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential…

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Walker & Dunlop Closes Largest Deal in Company History

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today it has originated $670,000,000 in senior housing loans, secured by a 52-property portfolio owned by New Senior Investment Group, Inc. (the “Sponsor”). The loans were structured as seven year adjustable rate mortgages under the Freddie Mac Seller/Servicer Program. This is the largest deal Walker &…

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Distribution Company Purchases Phoenix Industrial Property

DTZ, a global leader in commercial real estate services, announced today the $3.1 million sale of 3000 E. Chambers Street, a ±61,729 square foot single-tenant industrial building in Phoenix. MLCY Investment, LLC purchased the property and will occupy the space, which includes 26% office buildout and an evaporative-cooled warehouse with grade-level doors and a double-wide…

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Stiles Announces Executive Leadership Succession Plan Slated to Begin within 24 Months

Stiles, a Fort Lauderdale-based full service real estate development firm established in 1951, announced today important developments in the company’s leadership succession plan. The succession of two key roles, CEO and president, will occur within the next 24 months. Under the plan, the roles of chairman and CEO will be separated. Chairman and CEO Terry…

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Plexus Worldwide Breaks Ground on National Headquarters Bringing Total to 100,000 SF at the Pima Center

Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named #8 on the 2014 Inc. 5000 list of fastest growing companies, officially broke ground on a 70,000 SF National Headquarters office building at the MainSpring Capital project at Pima Center on March 30th at noon. The project is being designed and built…

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JLL Signs Latest Tech Tenant to Old Town Scottsdale: OutboundEngine

The Phoenix office of JLL has signed OutboundEngine, the 100 percent done-for-you email, social media and content marketing platform, to a new lease at 4110 N. Scottsdale Rd. in Old Town Scottsdale, a market that is becoming increasingly flush with high-tech and internet-related corporate office tenants. Based in Austin, OutboundEngine specializes in content, email and…

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SMARTSTOP SELF STORAGE ACQUIRES TEMPE, ARIZONA, FACILITY FOR $4.4 MILLION

SmartStop Self Storage (SmartStop®) recently acquired a self- storage facility totaling approximately 350 units and approximately 32,400 net rentable square feet with an aggregate purchase price of approximately $4.4 million. The Tempe, Ariz., self storage facility will be managed by SmartStop® and re-branded under the SmartStop Self Storage trade name. “This facility is in a…

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Colliers International Completes $13M Sale of 468-Unit Willow Springs Apartments in Phoenix

Colliers International in Greater Phoenix recently completed the sale of the 468-unit, Class C Willow Springs Apartments in Phoenix for $13.25 million or $28,312 per unit ($42.66 per square foot). Resort on 27th LLC of Los Angeles purchased the property, located at 4715 N. 27th Avenue, from MLCFC 2007-7 North 27th Avenue LLC of Miami…

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