Stiles Affiliate Hernandez Construction Breaks Ground on 235,000-SF of Space at Flagler Station III

Hernandez Construction, an affiliate of full-service commercial real estate firm, Stiles, has broken ground on the first two buildings slated for Flagler Global Logistics’ highly anticipated Flagler Station Phase III development. Buildings 1 and 2, totaling 235,000 square feet of industrial space, mark the official start of vertical construction on the 1.7 million square-foot Phase…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±12,800 SF OFFICE BUILDING IN CHANDLER, AZ

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a ±12,800 square foot office building. Winters Arizona, LLC purchased 3155-3165 S Price Road in Chandler. Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented the seller, SFGVI Properties LLC, in this transaction. The buyer…

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GPE Closes Deal on 5,274 SF Medical Office Building in Scottsdale

GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured the sale of a 5,274 SF one-story medical office building located at 7700 East Indian School Road in Scottsdale. The building sold for $975,000 ($185/SF). Executive Vice President, Julie A. Johnson, CCIM, and Senior Vice President, Alexandra Loye worked…

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CBRE Completes $7 Million Sale of ReCommunity Recycling Center in Tucson, Ariz.

CBRE has completed the sale of the ReCommunity Recycling Center located at 3780 E. Ajo Way in Tucson, Ariz. The asset commanded a sale price of $7 million. Mike Sandahl, David Blanchette, CCIM and Wyatt Campbell in CBRE’s Tucson office negotiated the transaction on behalf the buyer, a joint venture of three Alaska-based partnerships and…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 180,000-SQUARE FOOT NET-LEASED PORTFOLIO

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 Camelback Village Square Ground Lease, a 135,000-square foot net-leased property and a LA Fitness Ground Lease, a 45,000-square foot net-leased property located in Phoenix, according to Don Morrow, regional…

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HAGENS BERMAN SOBOL SHAPIRO RE-COMMITS TO LUHRS TOWER IN DOWNTOWN PHOENIX

Newmark Grubb Knight Frank (NGKF) announced that Luhrs City Center at 11 West Jefferson Street, has renewed its lease with Hagens Berman Sobol Shapiro, LLC (Hagens Berman). The preeminent national class-action law firm extended its lease for 8,037 square feet at the historic, 14-story art deco masterpiece in the heart of downtown Phoenix. NGKF’s Executive…

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Capital Asset Management Completes sale of Forum at Gilbert Ranch; 3rd sale in less than 90 days totaling nearly $40 million

Capital Asset Management, Phoenix, announced today the successful sale of The Forum at Gilbert Ranch office complex for $9 million. Located at Val Vista and Williams Field, the project is comprised of 92,440sqft on 6.5 acres. Left in turmoil, The Forum at Gilbert Ranch was a victim of the 2008 recession. With the original developer…

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