Arizona Commercial Brokers Association Recaps 2014 Mid-Market Industrial Activity

The Arizona Commercial Brokers Association (ACBA) has released its 2014 transaction recap, reporting more than 380 completed industrial sale/lease transactions totaling over 3 million square feet in Phoenix in the past 12 months. Made up of veteran brokers from independent to regional firms, ACBA provides on-the-ground insight about the group’s major client demographic: the mid-market…

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Paradise Valley Medical Plaza in Phoenix Sold to American Realty Capital Healthcare Trust in $28.3 Million Transaction

Plaza Companies and USAA Real Estate Company have sold a signature medical office building in Phoenix to American Realty Capital Healthcare Trust in a $28.3 million transaction. Paradise Valley Medical Plaza, an award-winning, 104,000 square foot Class A medical office building, was purchased by American Realty Capital Healthcare Trust in a deal that closed on…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,848-SQUARE FOOT NET-LEASED PROPERTY

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 Raising Cane’s, a 3,848-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,550,000. Jamie Medress…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±10,216 SF OFFICE BUILDING IN SCOTTSDALE

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 8722 E San Alberto Drive, Scottsdale, Arizona. Ron Schooler, and Kenneth Elmer of CPI’s Scottsdale Office Investment Group represented the seller, K.B. San Alberto LLC. The buyer had no broker representation in this transaction. The ±10,216 SF,…

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Stiles Property Fund and Prudential Real Estate Investors Acquire Trophy Class A Office Asset on Las Olas Boulevard in Downtown Fort Lauderdale

Fort Lauderdale-based Stiles and Prudential Real Estate Investors announced today the acquisition of 200 East Las Olas (also known as “New River Center” or the “Property”), a 20-story trophy Class A office tower located directly on Las Olas Boulevard in the heart of Fort Lauderdale’s bustling central business district. Developed by Stiles in 1990, this…

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Colliers International Completes Two Building Sales in Phoenix for a Combined $6.73 Million

Colliers International in Greater Phoenix recently completed two building sales with a combined total of $6.73 million for AZ Partsmaster, a supplier of home and property maintenance supplies. AZ Partsmaster of Phoenix purchased a design build facility at 7125 West Sherman Street in Phoenix for $4.9 million from Sun State Builders of Tempe. This transaction…

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Alliance Bank Publishes Photographic History of Arizona Commerce to Benefit Education

Alliance Bank of Arizona, the state’s largest headquartered bank, has published At Work in Arizona: The First 100 Years with proceeds going to 12 of the state’s most effective education-focused nonprofits, is available beginning today. Curated by Marilyn Szabo and written by Stuart Rosebrook, At Work in Arizona frames the story of Arizona’s economic history…

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