Arriba Capital Closes $17.3M Bridge Loan on Class “A” Office Complex: Southfield, MI

Arriba Capital, a fully-integrated, commercial real estate finance and investment company, announced Wednesday they completed a $17,300,000 fixed rate bridge loan to refinance a major office complex. Located in Michigan’s premier commercial district, Metro Office Complex in Southfield, Mich., will undergo comprehensive capital improvements by the borrower.   The 565,000 square feet, four-building office campus was…

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TCC, CLARION PARTNERS ANNOUNCE LEASE OF COLDWATER DEPOT LOGISTICS CENTER – PHASE III

Trammell Crow Company (TCC) and partner New York-based Clarion Partners, LLC announced that The Vitamin Shoppe, Inc., a leading health and wellness retailer headquartered in Secaucus, New Jersey, has signed a 12-year full-building lease at Coldwater Depot Logistics Center, Phase III. The new facility will be the Company’s Western Region distribution center, serving customers within…

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COMMLOAN TAPS INDUSTRY EXPERT TO ITS LEADERSHIP

CommLoan, a Scottsdale-based, early stage commercial mortgage lending technology company, announced today that Alan Schnaid has joined the leadership team as Chief Financial Officer and Chief Operations Officer. Schnaid will oversee the company’s financial assets and the supervision of operations and workplace strategy.   “We are very pleased to have Alan join our team,” said…

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Trend Spotter Kim Lear to Keynote ULI Arizona’s 2017 Trends Day Focused on ‘Adapt.Disrupt.Create’ on Feb. 23

Kim Lear, a highly sought after trend spotter focused on the future of the workforce and marketplace, is the keynote speaker for ULI Arizona’s upcoming 12th Annual Real Estate Trends Day Conference. More than 25 top local and national industry experts will impart the most current real estate trends, predictions and opportunities, and their impact…

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Walmart Anchored Shopping Center in Phoenix Sold for $41.3 Million

Cushman & Wakefield announced today that Bethany Towne Center, located at the northeast corner of Bethany Home Road and 35th Avenue in Phoenix, sold for $41.3 million to an entity formed by Manhattan-based Goldman Sachs & Co. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller, PDG America Shopping Centers,…

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Diamond Ventures & Ryan Companies Break Ground on 56,000-SF of new retail at Houghton Town Center in Tucson

Ryan Companies US, Inc., Diamond Ventures and the city of Tucson gathered today for the groundbreaking of three retail stores at Houghton Town Center; Ross Dress for Less®, T.J. Maxx® and Petco®. Ross, T.J. Maxx and Petco will open in the fall of 2017 at Houghton Town Center, a 60+ acre community shopping center, which…

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MCCARTHY BUILDING COMPANIES COMPLETES DESIGN & CONSTRUCTION OF NEW RED ROCK SOLAR PLANT

McCarthy Building Companies Inc. recently completed the installation of the large-scale Red Rock Solar Plant for Arizona Public Service (APS), which developed, owns and operates the plant.   Located on 400 acres at 25990 E. Camino Adelante Road in Red Rock, Ariz., about 30 miles south of Casa Grande, Ariz., this project represents APS’s largest…

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California Investor Purchases $19 Million Solano Terrace Apartments

Solano Terrace Apartments at 4715 N. Black Canyon Highway has sold to a California investor for $19 million. “This property offered a unique opportunity close to the major transportation sources of Interstate 17 and Light rail,” says Bill Hahn, executive vice president with Colliers International in Greater Phoenix.  “The community is in good condition, requiring…

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The heat is on Glendale firefighter to serve as celebrity chef at Thirteenorth Grille’s monthly charity event

Thirteenorth Grille will host its monthly Charity Guest Chef Night on Jan. 29 with a Glendale firefighter heating up the kitchen. The event benefits Glendale Fire Charities and Local 493 United Phoenix Firefighter Charities. It is scheduled for Sunday, Jan. 29, for 5 to 9 p.m. at Thirteenorth Grille, 1301 E. Northern Ave. Cost is…

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