METRO COMMERCIAL PROPERTIES WELCOMES SOUTHLAND ENGINEERING IN 11,162 RSF TEMPE OFFICE LEASE

Southland Engineering a division of Southland Industries (www.southlandind.com) has signed a lease for 11,162 RSF at 1500 N. Priest Drive within the Papago Buttes Corporate Plaza in Tempe, Arizona. The new facility for Southland Engineering is located in a corporate office park owned by Principal Real Estate Investors in the vibrant and rapidly expanding north…

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GOV. DUCEY SIGNS NAIOP ARIZONA-SUPPORTED BILL PROHIBITING MANDATORY REPORTING OF ENERGY USAGE, CONSUMPTION

A bill supported by NAIOP Arizona and a coalition of 10 other industry groups prohibiting a municipality from requiring an owner, operator or tenant of a business, commercial building or multifamily property from measuring and reporting energy usage and consumption or face a fine was signed by Gov. Doug Ducey. SB 1241, sponsored by Sen.…

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NexMetro Communities Expand Phoenix Office

Phoenix-headquartered NexMetro Communities, America’s builder of next-generation, leased–home neighborhoods in the Sunbelt, announces the appointment of Mary C. Tanner, CPA, as the company’s Finance Manager and Jill Long as Corporate Administrator for the growing real estate company. Mary Tanner is a Certified Public Accountant (CPA) who brings more than 20 years of experience in the…

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Andy Kroot Negotiates Starbucks Sale at SWC of Scottsdale & McKellips, Tempe, AZ

Andy Kroot with Velocity Retail Group, LLC announces the sale of the single tenant Starbucks store located at the SWC of Scottsdale and McKellips – 1926 North Scottsdale Rd, Tempe AZ. Andy Kroot, Principal of Velocity Retail Group represented the Seller in the transaction and Jon Stansbury of DTZ represented the Buyer. The ownership –…

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Sun State Builders Announces the Completion of the Harrison Properties 19th Avenue DES Building in Phoenix

Sun State Builders Announces the Completion of the Harrison Properties 19th Avenue DES (Department of Economic Security) Building in Phoenix. The Castle Sports Complex has been an iconic building on 19th Avenue just North of Peoria for over 40 years. In the past the building has served as an office complex, a bowling alley and…

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NATIONWIDE REALTY INVESTORS TO CELEBRATE FIRST PHASE OF DEVELOPMENT AT $750 MILLION RIVULON IN GILBERT

Columbus-based Nationwide Realty Investors will host an event today to celebrate the first phase of its $750 million Rivulon Development. Nationwide Realty Investors president Brian J. Ellis, Isagenix president Jim Coover, Gilbert Mayor John Lewis and other local and state leaders will be in attendance. “We are thrilled to be underway with the first phase…

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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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