MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,500-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 Chuy’s Mesquite Broiler, a 2,500-square foot net-leased property located in Tucson, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,028,000. Jamie…

Details

CBRE SELLS EL PASO INDUSTRIAL PORTFOLIO TO PHOENIX FIRM

CBRE announces the sale of a four-building, 245,745-square-foot industrial portfolio in El Paso, Texas, on behalf of New York-based Sullivan Crosby Trust. Phoenix, Arizona-based ViaWest Group purchased the portfolio in an off-market transaction for an undisclosed price. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora, with CBRE’s El Paso office, represented…

Details

VanTrust Hires Tracy Hammer as Senior Director, Development Services

VanTrust Real Estate, LLC is excited to announce that Tracy Hammer has joined the firm as its new Senior Director of Development Services, supporting VanTrust Real Estate’s projects across the southwest. Prior to joining VanTrust, Hammer spent ten years with McShane Construction Company as Vice President overseeing their western region including expansion into California and…

Details

Laurus Corporation Acquires Scottsdale Trophy Office Building

Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired Canyon Village, a 93,890-square-foot, four-building, institutional quality office park, occupying approximately 5.6 acres in the heart of DC Ranch, a mixed-use development, in North Scottsdale, Arizona. The building is approximately five minutes from the Loop 101 Pima Freeway, the primary Scottsdale access…

Details

Local Developers Team Up to Renovate 1950’s Era Building into “The Colony,” a Vibrant Restaurant & Retail Destination in the Emerging

Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, has begun construction on Phase 1 of The Colony, an adaptive re-use project located on 7th Street just north of Missouri Avenue in Phoenix. The Herb Box, innovative world cuisine with locations in Old Town Scottsdale and North Scottsdale; Stock & Stable, an…

Details