JLL Closes $4.2M Sale in Quiet Giant – Deer Valley Industrial Submarket

The Phoenix office of JLL has just closed the $4.225 million sale of Bell17 Industrial, a three-building, 70,517-square-foot industrial project in North Phoenix’s Deer Valley submarket. The fully leased building acquisition is the latest for the Southwest industrial property buying strategy of ViaWest Group. “At more than 11 million square feet, Deer Valley is a…

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GRADUATION, TEAM COMPETITION WINNER HIGHLIGHT NAIOP ARIZONA’S DEVELOPING LEADERS EVENT

It was an evening of celebration recently as the NAIOP Arizona Developing Leaders Mentor Program hosted graduation for the 2014-2015 class at The Gladly. Mentors and protégés gathered in a private dining room for a reception, presentations, and a dinner. The 12 protégés, grouped into three teams, pitched development proposals on three sites: 59th Avenue…

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Commercial Insurance: Allstate Agency Owner Celebrates Five Years as Top Producer

Allstate commercial and other insurance services agent, Cheryl Stecko reached a major milestone this year in northern Arizona. Stecko is celebrating five years of helping Camp Verde, Ariz. residents protect what matters most to them – their families, their homes, their automobiles and their lives. “Time flies! It feels like just yesterday when we opened…

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Heritage Square Apartment Homes in Gilbert, Ariz. Sells for $12 Million

DTZ, a global leader in commercial real estate services, announced today that Clear Sky Capital Heritage Square L.P. (Clear Sky Capital, Marcus Kurschat, Principal), sold Heritage Square Apartment Homes located at 65 E. Olive Ave. for approximately $12 million ($100,000 per unit). The buyer was Bellevue, WA-based Heritage Square – Phoenix, LLC, (Curtis Capital Group,…

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CBRE’s Multifamily Investment Group Completes Three Transactions Totaling $4.55 Million

Brian Smuckler and Jeff Seaman of CBRE’s Multifamily Investment Group have completed the following sales transactions totaling $4.55 million across three properties throughout the Valley: • Catalina, a 33-unit community located at 3001 North 36th Street in Phoenix, sold for $2.2 million. The buyer was Pacifica-GSPT, LLC of Los Gatos, California. The seller was Catalina…

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Cresa Phoenix Negotiates on Behalf of Symphony Health Solutions at Biltmore Financial Center

Symphony Health Solutions, an industry-leading provider of technology solutions for healthcare and life sciences manufacturers, payers and purchasers, recently secured 13,481 SF that will offer better workflow and collaboration consistent with the company’s culture. The deal, which included a buyout of the nearly 73,000 SF Symphony Health occupied for another 5 years, occurred within Biltmore…

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Daum Negotiates Express Furniture Rental Lease at Distribution Center in Phoenix

Daum Commercial Real Estate Services has negotiated the lease of a 32,241-square-foot distribution center located at 5230 W. Buckeye Road in Phoenix for just under $1 million. Steve Bodeman, executive vice president with Daum Phoenix, represented the lessee, Express Furniture Rental, in the transaction. This represents Bodeman’s fourth lease transaction for Express Furniture Rental over…

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Caliber Acquires Holiday Inn & Suites; Hotel Room Ownership Rises to 30% Within 1.5 Miles of Phoenix Sky Harbor Airport

The 44th and McDowell Hotel Group, LLC, an affiliate of the Caliber Distressed Real Estate Income Fund (CDIF, LLC) private equity fund managed by Caliber Companies, today announced its acquisition of the 4-story, 228-room Holiday Inn Hotel & Suites Phoenix Airport North in Phoenix Arizona. The hotel is the Company’s third hospitality acquisition in three…

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