6 Palms Apartments in North Phoenix Sells for more than $1 Million

CBRE has negotiated the following multifamily sales transaction: • Chen Development Group from Daly City, Calif. has purchased the 6 Palms apartment complex, a 35-unit multifamily property located at 2522 West Highland Avenue in Phoenix, Ariz., from Blaine, Wash.-based JL Investing, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in…

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CBRE Completes Sale of Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club in Tucson, Ariz.

CBRE has completed the sale of the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club located in Tucson, Ariz. The asset is situated on two separate parcels totaling approximately 383-acres. Financial terms of the transaction were not disclosed. The CBRE Hotels’ team who negotiated the transaction on behalf of the…

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Colliers International Completes Sale of 228-Unit Promontory Point Apartments in Austin, TX

Colliers International in Greater Phoenix recently completed the sale of the 228-unit Promontory Point Apartments, a Class B complex in Austin, Texas. Hamilton Zanze of San Francisco purchased the complex, located at 2250 Ridgepoint Drive, from Promontory Point Holdings, LLC of Arcadia, Calif. The transaction was brokered by Colliers Cooke Team, led by Cindy Cooke,…

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Zounds Takes 11,639 SF of Flex Office Space at Galveston Tech Center

The ViaWest Group announced today that Zounds has signed a lease for approximately 11,639 SF of office/engineering space in the 6825 W. Galveston street building in Chandler. The project, referred to as Galveston Tech Center, is comprised of one Class-A flex-office building totaling 74,525 SF and with the Zounds transaction and other recent activity the…

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Colliers International Completes $730,000 Chandler Office Building Sale to Nonprofit That Supports Foster Kids

Colliers International in Greater Phoenix recently completed the sale of an office building in Chandler for $730,000, or $81.29 a square foot, to a non-profit that supports foster children. Aid to Adoption of Special Kids (AASK) of Phoenix purchased the building, located at 175 E. Corporate Place, from TMS Properties, LLC, of Phoenix. Kathy Foster,…

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Ryley Carlock & Applewhite Attorney Amber D. Curto Elected 2015 Chair of the Maricopa County Bar Association Estate Planning, Probate and Trust Administration Section

Ryley Carlock & Applewhite is pleased to announce that Amber D. Curto has been elected the 2015 Chair of the Maricopa County Bar Association Estate Planning, Probate and Trust Administration Section. Curto is an attorney in the Corporate Practice Group, focusing on the areas of estate planning, probate, and trust administration. She emphasizes to her…

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IRGENS ACQUIRES DEVELOPMENT-READY LANDSITE FOR MEDICAL OFFICE BUILDING IN PEORIA, ARIZ.

Irgens has acquired an 8.64-acre development ready land site at the southeast corner of 91st Avenue and Thunderbird Road in Peoria, Arizona. The site is located approximately a half mile west of State Route 101 and features dual access at a signalized intersection at 91st Avenue and Thunderbird Road. “This site’s high visibility and easily…

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Colliers International Completes $34.9 Million Sale of Midtown On Main Apartments in Mesa

Colliers International in Greater Phoenix recently completed the sale of the 472-unit Midtown on Main Apartments, a transit-oriented, Class B complex in Mesa for $34.95 million, or $74,047 per unit. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines (DFA/BH Midtown LLC of Houston, Texas) purchased the complex, located at 2121…

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Daum Negotiates $1.08 Million Sale of Industrial Building in Tempe

Daum Commercial Real Estate Services has negotiated the $1.08 million sale of a 14,000-square-foot, single-tenant industrial building located at 1203 W. Geneva Drive in Tempe. Carl Johnson with Daum Phoenix represented the seller, Four Js Investment Group of Burbank, Calif. The buyer, Second Letter Holdings LLC of Scottsdale was represented by Tom Tornabene of Tornabene…

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CUSHMAN & WAKEFIELD COMPLETES $2.8 MILLION SALE OF PHOENIX APARTMENT BUILDING

Cushman & Wakefield of Arizona, Inc. completed the $2,825,000 million sale of the Charter Palms Apartments, 1220 N. 44th St. The complex was constructed in 1974 and contains 74 apartment units totaling 60,400 square feet ($46.77 PSF). The property, which includes five buildings, is 69 percent occupied. Plaza de Vista, LLC of Tempe purchased the…

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ARIZONA CHAPTER OF CORENET GLOBAL TO PRESENT JANUARY PROGRAM: THE ROLE OF THE PROJECT MANAGER

How do project managers create value for their corporate real estate clients? That and other questions will be discussed at the January lunch sponsored by the Arizona chapter of CoreNet Global. “The Role of the Project Manager” will be moderated by Sunil Das, Vice President Global Real Estate and Facilities, Altisource Portfolio. Panelists include Susan…

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Colliers International Completes $9.66 Million Sale of Indian Wells Apartments in Apache Junction

Colliers International in Greater Phoenix recently completed the sale of Indian Wells, a 176-unit Class B multifamily complex in Apache Junction, for $9.66 million, or $54,886 per unit, which is $54.88 per square foot. Sonoma Valley LLC of Scottsdale purchased the property, at 975 South Royal Palm Road, from CSFB 2004-C5 Apache Apartments, LLC a…

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