Capital Asset Management announces three-property portfolio sale

Capital Asset Management, Phoenix, announced today the successful sale of a 3-property portfolio comprised of The Horizon Ridge Shopping Center 1651 N Horizon Ridge Henderson, Nev., the Gibson Road Shopping Center 193 Gibson Rd Henderson, Nev., and the Lower Buckeye Plaza Shopping Center at 8240 W Lower Buckeye Rd Buckeye, Ariz., totaling 35,035sqft on 3.90…

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ConnectionsAZ Leases 36,000 Sq. Ft. at Phoenix Memorial Center

CBRE has negotiated a long-term, 36,000-square-foot lease at Phoenix Memorial Center. ConnectionsAZ, a physician-led company that specializes in providing emergency/crisis psychiatric services, has leased the space and will operate a patient intake center from the location. Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The…

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Colliers International Announces First Quarter Broker Promotions

Colliers International in Greater Phoenix recently promoted 10 brokers, including one to senior executive vice president and three to executive vice president. Each year, Colliers promotes brokers in the first quarter. “The promotions recognize the dedication, talent and expertise of our brokers who know how to maximize opportunities for our clients,” said Bob Mulhern, managing…

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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…

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Walker & Dunlop Originates $694M for Student Housing Properties in 2014

Walker & Dunlop, Inc. announced today that during 2014 the Company provided $694,947,500 in financing for off-campus student housing properties throughout the United States. This is an increase of 160% from 2013. Walker & Dunlop has specialized in providing financing for student housing properties since 1988 and remains committed to financing this strong asset class.…

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LGE Design Build Completes Construction on World Headquarters for Chandler Photographic Product Company

LGE Design Build has completed construction on a new 64,000-square-foot office and warehouse building in Chandler for Savage Universal, which has provided products for the photography industry since 1937. Needing a more efficient space for its headquarters, the family-run company hired LGE to construct a new building at the gateway of the Chandler Airport Business…

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IPA Opens Ahwatukee’s Newest Luxury Apartment Community

Investment Property Associates (IPA) celebrated the grand opening of its first Class-A, multifamily development in Ahwatukee with a ribbon cutting ceremony at Liv Ahwatukee. The luxury apartment community, developed and managed by IPA is situated on 26 acres near the southwest corner of Chandler Boulevard and 50th Street. Liv Ahwatukee consists of 402 garden-style luxury…

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Lincoln Property Co. and Goldman Sachs Buy Promenade Corporate Center

Office investment and management expert Lincoln Property Company (LPC) and partner Goldman Sachs have purchased Promenade Corporate Center in Scottsdale, Arizona, with plans to re-establish the property through a strategic renovation plan with up to $1 million in improvements. The 256,175-square-foot Promenade Corporate Center totals two, four-story buildings at 16427 and 16435 N. Scottsdale Rd.…

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The P.B. Bell Companies Acquires The Boulevard

The P.B. Bell Companies, a leader in multifamily real estate development and management, has acquired The Boulevard, a 294-unit apartment community in north Phoenix. P.B. Bell purchased the luxury apartment community, located near Bell Road and 7th Street, from Franktown, Colorado-based Slavin Residential for $33.5 million. CBRE Phoenix agents Sean Cunningham and Tyler Anderson brokered…

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Fountain Hills Professional Plaza Sells for $1.5 Million

DTZ, a global leader in commercial real estate services, announced today the $1.5 million sale of Fountain Hills Professional Plaza, 13620 N Saguaro Boulevard in Fountain Hills, AZ. Capital Commercial Investments of Austin, Texas purchased the 20,194 square foot medical and professional office building. The seller was Plaza Companies of Peoria, AZ. Executive Managing Director…

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