Walker & Dunlop Provides $9M in Financing for Ranch Lake Plaza in Bradenton, Florida

Walker & Dunlop, Inc. announced today that it originated $9,000,000 in financing for Ranch Lake Plaza, an 85,656 square foot retail property, anchored by Goodwill Industries Manasota, Inc., in Bradenton, Florida. The non-recourse loan represented 78% of the recorded purchase price and was structured as a 10-year term, 30-year amortization, with 2-years interest only using…

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Northern Trust Expands in Arizona with New Office in Tempe, Will Create 1,000 Jobs

Seeking to meet long-term global growth needs and expected demand for services, Northern Trust today announced plans to expand in Arizona by opening a new operating center in Tempe. The center – expected to open in mid-2015 and grow to 1,000 full-time employees over the next three years – will provide multiple financial business and…

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Colliers International Completes $3.4M Sale of Villa Contenta in Midtown Phoenix

Colliers International in Greater Phoenix recently completed the sale of Villa Contenta, a 62-unit Class B multifamily complex in the Camelback Corridor of Phoenix for $3.44 million or $55,564 per unit ($69.87 sf). 3rd Ave Investments of Phoenix purchased the property, located at 1523 W. Colter Street, from Pioneer Colter LLC of White Plains, NY.…

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Colliers International Completes $1.44 Million Sale of 16-Acre Farmland in Avondale, Ariz.

Colliers International in Greater Phoenix recently completed the investment sale of 16-acres of farmland in Avondale for $1.44 million, or $90,000 per acre. TGV Investments LLC of Phoenix purchased the land, located at the southwest corner of Lower Buckeye and Avondale Boulevard, from Hudson Realty Capital LLC of New York City. Paul Holland, vice president,…

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Michael Pollack Closes February with Near $10 Million Sale of Bethany Home Shopping Center

Real Estate Entrepreneur Michael Pollack ends February with the $9.9 million sale of Bethany Square Shopping Center, a 100,000 square-foot mixed use center located at the northeast corner of 43rd Avenue and Bethany Home Road in Phoenix. The owner and CEO of Mesa based Pollack Investments purchased the center in 1997 for $2.8 million. At…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 4,387-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 Bank of America Ground Lease, a 4,387-square foot net-leased property located in Surprise, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for…

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Leading Data Services Company IO Expands Corporate Office to SkySong

IO, a leading data center services company, is unveiling its new corporate office space at SkySong, The ASU Scottsdale Innovation Center. IO will move into nearly 15,000-square-feet of space with an open, collaborative environment for about 80 Arizona-based corporate employees. IO, the second-largest private data center company in the world, operates six state-of-the-art data centers…

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VOIT REAL ESTATE SERVICES DIRECTS TWO INDUSTRIAL SALES TOTALING OVER $2.25 MILLION IN PHOENIX

Eric Bell and Mike Ciosek, Senior Vice Presidents of Voit Real Estate Services’ Phoenix office successfully directed the sale of two industrial buildings totaling 27,431 square-feet in Phoenix and Surprise, on behalf of Jaehnig Properties, LLC (Nate Jaehnig, owner). Jaehnig Properties, which operates as AZ Bounce Pro, retained Bell and Ciosek to sell their 9,633…

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BUCHANAN STREET PARTNERS CLOSES $34.5 MILLION ACQUISITION LOAN

Buchanan Street Partners, a national real estate investment management firm, has structured $34.5 million in bridge financing for the acquisition of two Class A office buildings in Tempe, Arizona. Along with its active equity investment platform, the firm is growing its lending activity for mezzanine debt and bridge loans in primary markets in the Western…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE LEASE OF A 12,199 SF OFFICE SPACE IN PHOENIX

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of a 12,199 square foot office space for Renters Warehouse Arizona. Renters Warehouse will be expanding and relocating to 7227 N. 16th Street in Phoenix. Scott Nelson of CPI’s Scottsdale Office Group represented the tenant, in this transaction.…

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Capital Development Southwest & CAPDEVL060,LLC/Rialto Capital Management acquire 61 acres in “The Wells” 122-acre Power Center

A venture formed by Capital Development Southwest, Inc. in Phoenix (Jay Gold, President) and CAPDEVL060,LLC/Rialto Capital Management in Miami, Florida (Jim Mullany, Asset Manager in Arizona) acquired 61 acres in the “The Wells” 122-acre Power Center located at the northwest corner of Porter Road and the Maricopa Casa Grande Highway in Maricopa. The Seller in…

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