HELIX PROPERTIES SOLD MCDOWELL MARKETPLACE II FOR $1.37 MILLION

Helix Properties, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently sold McDowell Marketplace II in Phoenix, Ariz. Located on the Southwest corner of 59th Avenue and McDowell Road in Phoenix, the 9,141 square foot consists of a fully leased retail center. Thomas A. McCarthy purchased the property for $1.375 million…

Details

MARCUS & MILLICHAP ARRANGES THE SALE OF A 172-ROOM TUCSON QUALITY INN & SUITES

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 Quality Inn & Suites Tucson Airport North, a 172-room hospitality property located in Tucson, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset…

Details

NorthMarq Capital arranges $13 million refinance of 19th & Pinnacle Peak Commerceplex in Phoenix

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based office arranged refinancing of $13 million for 19th & Pinnacle Peak Commerceplex – Phase II, a 186,286 sq.ft. warehouse/distribution center located at 23610 and 23620 North 20th Drive in Phoenix,…

Details

Park 10 Announces 2015 Groundbreaking with Signing of Main Event

Parkland Development, LLC (Tigard, OR) announced they will break ground in March 2015 on Park 10, a 43-acre, mixed-use project located on the northeast corner of I-10 and 107th Avenue in Avondale, AZ. The announcement corresponds to the signing of the projects first anchor tenant, Main Event Entertainment, the fastest growing bowling-anchored entertainment center in…

Details

VOIT REAL ESTATE SERVICES DIRECTS $9.86M SALE OF TWO MULTI-TENANT RETAIL CENTERS IN GILBERT

Darren Tappen, Senior Vice President, and Matthew Ault, Senior Associate, in Voit Real Estate Services’ Phoenix office along with Peter Beauchamp, Senior Vice President, in Voit’s Irvine office have successfully directed the sale of two multi-tenant retail centers in the Gilbert submarket with a combined transaction value of $9,861,250. The 24,533 square-foot retail center known…

Details

IRIS USA and Japanese parent selects Surprise for Western US Regional Headquarters

IRIS USA, Inc, a subsidiary of IRIS Ohyama, Inc., headquartered in Sendai, Japan, will build its new Western United States Regional Headquarters in Surprise. The new facility represents a $33-$40 million investment, 100 new jobs, and $800,000 of new city revenues in the first year of operations. In making the announcement during her State of…

Details

Upswing in Old Town Scottsdale: Velocis Purchases Camelback Square

Velocis, a private equity real estate fund, today announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale, Arizona. The asset was previously owned by Lincoln Property Company (LPC), along with a fund managed by Oaktree Capital Management, L.P. (Oaktree). The sale underscores the attractiveness of the…

Details

COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE LEASE OF TWO OFFICE SUITES TOTALING 11,666 SF IN PHOENIX

Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Spooner Physical Therapy. Spooner Camelback will be expanding and relocating to 5040 N. 15th Avenue, and Spooner Desert Ridge will be expanding and relocating to 20830 N. Tatum Blvd., in Phoenix, Arizona. Scott Nelson of…

Details

Colliers International Completes $6.25 Million Sale of Technology Center at Talavi in Glendale

Colliers International in Greater Phoenix used its brokers’ connections to bring about the completion of the $6.25 million sale of the Technology Center at Talavi, a Class A multi-tenant and medical office building in Glendale. Phoenix Heart Realty LLC of Glendale purchased the property, located at 5859 West Talavi Boulevard, from Credit Union West of…

Details

Special Devices Inc. Purchases ±19.59 Acres in Mesa, Ariz.

DTZ, a global leader in commercial real estate services, announced today that Mesa-based Special Devices, Incorporated (SDI) purchased ±19.59-acres at Greenfield Road and Loop 202 for $5.5 million. The company purchased the land for a build-to-suit facility to meet its expansion needs for its air bag components division. DTZ Vice President Kent Hanson represented the…

Details

PATHFINDER PARTNERS CLOSES SALE OF CHESTER PLACE CONDOMINIUMS IN PHOENIX

Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic real estate investments, has closed the $1.65 million sale of Chester Place, an 11-unit condominium community constructed in 2008 and located in the Roosevelt Historic neighborhood of downtown Phoenix, Arizona. The property was acquired by Arizona-based Koventures, LLC. According to Lorne Polger, senior managing director…

Details

Atkisson Joins SimonCRE as Director of Construction

Commercial real estate developer SimonCRE announces the recent hire of Jared Atkisson as Director of Construction. Atkisson comes to SimonCRE highly experienced with a strong work history including managing the planning, development, construction, remodel, property management and maintenance of a portfolio of over 225 Carl’s Jr., Hardees, and Pizza Patron restaurants throughout the Midwest and…

Details

ABI Multifamily Facilitates Sale for Pathfinder Partners: 2008 Constructed Luxury Townhome/Loft Community in Downtown Phoenix

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $1,650,000 sale of Chester Place Lofts, located in Phoenix, AZ. The complete townhome/loft community consists of 11 individually parceled units that were built in 2008 and are currently operating as luxury rentals. The $1,650,000 purchase price reflects a price of…

Details

ARA’s Phoenix Team Announces the $750,000 Sale of The Parisian Apartments in Phoenix

17th Avenue Apt, LLC (Benjamin Covaciu, Principal) from Phoenix, Arizona has purchased Parisian Apartments, a 16-unit multifamily property located at 6502 N.17th Avenue, Phoenix, Arizona from The Betty Kamin Ewing Living Trust who was the original owner and developer of The Parisian Apartments back in 1964. Vice President Ryan Ash and Senior Associate Mike Woodrick…

Details