Arriba Capital Closes $17.3M Bridge Loan on Class “A” Office Complex: Southfield, MI

Arriba Capital, a fully-integrated, commercial real estate finance and investment company, announced Thursday they completed a $17,300,000 fixed rate bridge loan to refinance a major office complex. Located in Michigan’s premier commercial district, Metro Office Complex in Southfield, Mich., will undergo comprehensive capital improvements by the borrower. The 565,000 square feet, four-building office campus was formerly…

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BARRETT-JACKSON 46TH ANNUAL SCOTTSDALE AUCTION SETS 40 WORLD AUCTION SALES RECORDS & RAISES NEARLY $2.2M FOR CHARITY

Barrett-Jackson, The World’s Greatest Collector Car Auctions®, kicked off its 46th year by breaking more than 40 vehicle auction sales records (as verified by Hagerty Data) during the 46th Annual Barrett-Jackson Scottsdale Auction, held Jan. 14-22, 2017, at WestWorld of Scottsdale in Arizona. During the automotive lifestyle event, 1,719 vehicles were consigned, the most at…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,894-SF 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 Arby’s – 22+ Yr. Lease, a 2,894-square foot net-leased property located in Phoenix (Goodyear), AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold…

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MIDTOWN PHOENIX MULTIFAMILY SELLS FOR $3,100,000 or $114,815 PER UNIT

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 Encanto Oasis, a completely renovated 27-unit apartment community located in the historic North Encanto neighborhood of midtown Phoenix. The asset commanded a sales price of $3,100,000 or $114,815 per…

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Enterprise of Phoenix Leases 42,800 SF at Rockefeller Group’s Chandler Corporate Center IV

Rockefeller Group announced today that Enterprise Leasing Company of Phoenix, an operating subsidiary of Enterprise Holdings Inc., has leased approximately 42,800 square feet of flexible office space at Chandler Corporate Center IV. The largest car rental company in the world, Enterprise Holdings operates – through an integrated global network of regional subsidiaries and franchises –…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF THE FORMER BAYLESS SHOPPING CENTER IN PHOENIX

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of the former Bayless Shopping Center. The property is located at 3345 N 19th Avenue on the southeast corner of 19th Avenue and Osborn Road in Phoenix.   Tom Semancik, of CPI’s Investment Specialist Team commented…

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Framework for the Future: Arizona & “America’s Infrastructure First” Policies

Valley Partnership has announced the topic for the January 20 breakfast. In a twist on the typical forecast popular this time of year, this month’s panel will discuss how the state of Arizona is preparing for President-Elect Trump’s Infrastructure Plan, and how the real estate development industry will benefit from these opportunities across the Valley.…

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