SAXA and Caliber Companies Spur Commercial Real Estate in North Scottsdale With New 40,000 SF Class-A Office Building

Scottsdale-based developer, SAXA, Inc. and Caliber Companies announced today a partnership to develop and build a new 40,000 square foot Class-A commercial office building in North Scottsdale, Arizona. The 2.5-acre site, located within Horseman’s Park on the northeast corner of the Loop 101 freeway and south of Bell Road on Bahia Drive, will be the…

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SmithGroupJJR promotes Craig Passey to Health Studio Leader at Phoenix Office

SmithGroupJJR, one of the nation’s largest architecture, engineering and planning firms, has promoted Craig Passey, AIA, to leader of the Health Studio at its Phoenix office. He succeeds Mark Patterson, who recently was elevated to become the firm’s international Health Practice leader. Passey has over 20 years of experience in architectural planning and design and…

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ABI Multifamily Brokers Sale of Last, Large Pre-Foreclosure Apartment Community in Phoenix Metro

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of a 276 Unit, multifamily property – Glendale Commons Apartments – for $8,950,000 or $32,428 Per Unit. Glendale Commons Apartments was originally constructed 1983 and is individually metered for utilities. The all two-story community was built of wood frame…

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Ensemble Real Estate Solutions completes $1.55 million sale

Ensemble Real Estate Solutions recently negotiated the sale of 1848 E Thomas for $1.55 million or $127 per square foot. Pulse Investments, LLC purchased the 12,189 square-foot medical office building located at 1848 E Thomas Road in Phoenix. Tracy Altemus and Autumn Storm brokers with Ensemble’s Phoenix office represented the seller Thomas Medical Group, LLC.…

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Liberty Property Trust Receives Fourth Consecutive EPA ENERGY STAR Partner of the Year

The U.S. Environmental Protection Agency (EPA) has honored Liberty Property Trust with an ENERGY STAR® Partner of the Year designation for the fourth consecutive year – and bestowed the organization’s highest honor, the Sustained Excellence Award, for a second year. “Through their sustained participation with ENERGY STAR, Liberty Property Trust is helping Americans save money,…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 58-UNIT APARTMENT BUILDING

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 Arizona Sun, a 58-unit apartment property located in Tempe, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,675,000. Pete Te Kampe,…

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Phoenix-Area Apartments Acquired by 29th Street Capital

29th Street Capital (29SC) acquired two more multifamily communities in Phoenix, Arizona’s thriving East Valley region in March. The firm acquired Williams Landing Apartments, a 72-unit multifamily community on March 25. Village Green Apartments, a 108-unit multifamily community, entered the portfolio March 31. The firm plans significant upgrades at the communities, which are near major…

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Industrial Property Trust Purchases Longust Distribution Center

DTZ, a global leader in commercial real estate services, announced today the sale of the Longust Distribution Center, 2432 W. Birchwood Avenue in Mesa, AZ. Industrial Property Trust Inc. (IPT) of Denver purchased the ±81,436 square foot property from 2432 Birchwood Associates, LLC, an affiliate of EverWest Real Estate Partners, for $6.5 million ($79.82 PSF).…

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Another Complete Condominium Project Sells Through ABI Multifamily Brokerage

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of a prime located Central Phoenix, 13 Unit, complete condominium property – Desert Stone – for $1,100,000 or $84,615 Per Unit. Desert Stone Condominiums was originally built in two phases – 1965 and 2003. The 1965 built portion was…

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CCIM Leaders Focus on Global Expansion, Legislative Efforts and Branding at Midyear Meetings

Strategic global expansion, current legislative efforts, and marketing the CCIM brand to millennials dominated the agendas of the CCIM Institute Board of Directors and governing committees during the organization’s Midyear Meetings, held March 22–25 at the Fairmont Hotel in Chicago. “At the Midyear Meetings, we implemented new directives to move forward strategically into the international…

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Cashen Realty Advisors announces the sale of two more infill property sales

The first property is a 10,000 s.f. retail building that was purchased for $827,000 located at 6107 N. 7th Street in Phoenix. The property is being redeveloped and repurposed for restaurant use by developer, Rick Cordoba of RCDS Contractors. Cordoba is negotiating with several restaurants as he can deliver 10:1,000 parking on the site. Cordoba’s…

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