VALLEY PARTNERSHIP REVIEWS 4 SITES FOR 2015 COMMUNITY PROJECT

By Peter Madrid, Cushman & Wakefield of Arizona It doesn’t get any easier. The 2015 Valley Partnership Community Project planning process has officially begun. Sixteen grant applications were received, reviewed and ranked by hard-working committee members. The committee short listed the applications to four potential charity recipients. Juliana Norvell of Marc Taylor Inc., led the…

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CBRE Multifamily Investment Group Completes $800,000 Sale of West Osborn Apartment Community in Phoenix

CBRE has negotiated the following multi-family sale transaction: • Clear Sky Uptown III LLC from Phoenix, AZ has purchased West Osborn, a 17-unit multi-family property located at 445 West Osborn Road in Phoenix, Arizona from West Osborn Apartments LLC of Phoenix, AZ. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and…

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CUSHMAN & WAKEFIELD ADDS CORNER BAKERY TO THE MENU AT TEMPE GATEWAY

Cushman & Wakefield of Arizona is delivering a new Corner Bakery to Tempe Gateway, 222 S. Mill Ave. The 4,777-square-foot café/deli/bakery joins tenants that include Limelight Networks, Allstate, Waste Management, and Amazon at Tempe Gateway, which is now 99 percent occupied. Summer Jackson of C&W’s retail group represented the landlord, Parkway Properties Inc., in the…

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PHOENIX-BASED ABI MULTIFAMILY CONTINUES GROWIING UNPRECEDENTED MULTIFAMILY TEAM WITH ADDITION OF PATRICK BURCH AND JOHN KLOCEK

ABI MULTIFAMILY, Arizona’s largest locally-owned, dedicated multifamily brokerage and advisory firm, is pleased to announce the addition of Patrick Burch and John Klocek to the organization. The company is excited to welcome both Patrick and John to the organization as Vice Presidents. This further enhances the company’s ability to service a broad range of clients.…

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MARCUS & MILLICHAP SELLS SCOTTSDALE MULTIFAMILY FOR $191,667 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 Loft 6, a recently renovated boutique apartment building in the downtown area of Scottsdale, Arizona. The asset commanded a sales price of $1,150,000 or $191,667 a unit. Brian Tranetzki…

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Hunt Breaks Ground on New Transit-Oriented Apartment Development in Dallas-Fort Worth Metroplex

Hunt Companies, Inc. (Hunt) announced today the ground breaking for a new transit-oriented development located in Richardson, Texas. The 250,000 square foot project is scheduled for completion in the summer of 2016. The development will include 280 market-rate apartments in a mix of one and two-bedroom apartments and lofts. Situated within the Dallas-Fort Worth metroplex…

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