Middlefork Commercial Sells Phoenix Office Building for $2.25M

Middlefork Commercial has sold Campbell Commons, a 14,855-square-foot multi-tenant office building at 4501-4517 N. 32nd Street, Phoenix, AZ. The property sold for $2,250,000. A local investor purchased the property from GTT Investments, LLC. Sean Bishop of Middlefork Commercial represented the seller in the transaction. Approximately 85% of the office building was occupied at the time…

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P.B. Bell Earns Top Honors For Safety

P.B. Bell, a leader in multi-family housing development, management and acquisitions, is being recognized for its commitment to safety. For the eighth consecutive year, P.B. Bell has been included on CopperPoint Mutual Insurance Company’s exclusive “Best of the Best” list for its efforts to keep employees safe. The Phoenix-based CopperPoint Mutual Insurance Company, an advocate…

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Accolades for Valley Partnership’s 2014 Community Project

Valley Partnership is proud to announce its 2014 Community Project has been selected as a finalist for Arizona Forward’s 35th Annual Environmental Excellence Awards. Last year’s project recipient was Arizona Foundation for the Handicapped (AFH). The project is a finalist in the Site Development (Private Sector) category. AFH is a human services organization whose primary…

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Walker & Dunlop Commercial Property Funding Closes an $18M Loan for Norfolk Commerce Park

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that Walker & Dunlop Commercial Property Funding (“WDCPF”), the Company’s proprietary CMBS and high yield direct lending platform, closed an $18,000,000 CMBS acquisition loan for Norfolk Commerce Park in Norfolk, Virginia. The loan was arranged by John B. Levy & Co. and structured as a…

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Colliers International Completes $20M Investor Sale of Distribution Facility in Phoenix

Colliers International in Greater Phoenix recently completed the sale of a 313,600-square-foot cross-dock distribution warehouse in Phoenix for $20.32 million, or $64.80 per square foot. CAM Industrial Fund Acquisition Fund, LLC, an affiliate of Cohen Asset Management Inc., of Los Angeles, Calif., purchased the property, located at 4550 West Watkins Street, from Kansas City Life…

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CBRE Capital Markets Secures Refinancing for VA Outpatient Clinic in Tomball, Texas

CBRE’s Capital Markets Debt and Structured Finance team has arranged an $8.2 million loan in the refinancing of a Veterans Affairs outpatient clinic in Tomball, Texas. Geoffrey Harris of CBRE’s Phoenix office arranged the 10-year, fixed-rate loan through one of CBRE’s Life Insurance Company correspondents at 3.49% with 7 years I/O and thereafter a 25-year…

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BOB BAMBAUER NAMED SENIOR VICE PRESIDENT FOR SUNBELT HOLDINGS

Sunbelt Holdings has promoted Bob Bambauer, P.E., to senior vice president. Bambauer, who has been with Sunbelt Holdings since 2007, oversees the planning and development of Sunbelt Holdings’ large-scaled properties in the West Valley and Tucson markets. A veteran to civil engineering and home building, Bambauer has over 30 years’ experience in entitlements, land acquisitions,…

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MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $3,160,000 or $79,000 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 Bethany at Midtown, a recently renovated mid-century art deco style apartment building in the Uptown Phoenix corridor. The asset commanded a sales price of $3,160,000 or $79,000 a unit.…

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