Hunt Breaks Ground on New Transit-Oriented Apartment Development in Dallas-Fort Worth Metroplex

Hunt Companies, Inc. (Hunt) announced today the ground breaking for a new transit-oriented development located in Richardson, Texas. The 250,000 square foot project is scheduled for completion in the summer of 2016. The development will include 280 market-rate apartments in a mix of one and two-bedroom apartments and lofts. Situated within the Dallas-Fort Worth metroplex…

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BH Properties Purchases Portfolio from Buchanan Street Partners

DTZ, a global leader in commercial real estate services, announced today the sale of the DMC Portfolio, a ±230,524 square foot, three property portfolio in Tempe and Chandler, AZ. BH Properties, LLC (Los Angeles) purchased the portfolio for $22.85 million from Buchanan Street Partners (Newport Beach, CA). Senior Managing Directors Bob Buckley, Tracy Cartledge and…

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New Mexico-Based Bank Leases 10,500 SF in Furst Properties’ Scottsdale Building

Bank 34 has leased 10,500 square feet of Class A office space at The Pinnacle in Kierland IV, a development of Furst Properties. The location, 14850 N. Scottsdale Road, is the New Mexico-based bank’s fourth full-service banking center. Other branches are located in Peoria, Ariz., Alamogordo, N.M., and Las Cruces, N.M. The bank’s name reflects…

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Colliers International’s Scottsdale Airpark Report Details Steady Growth

James Keeley, SIOR, CCIM, founding partner and managing broker at Colliers International’s Scottsdale office recently released a 2030 Report for the Greater Scottsdale Airpark detailing commercial market changes in the past 30 years to the present. The Greater Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square footage…

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Furst Properties Promotes Tammy Gibbons to VP of Property Management

Furst Properties has promoted Tammy Gibbons to vice president of property management, overseeing the firm’s 661,000-square-foot portfolio of Class A commercial office buildings in Scottsdale. Gibbons, who oversees nine staff members, ensures the buildings stand out from other Class A office properties in the Valley, provides frequent communication with tenants and strengthens the firm’s customer…

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Colliers International Completes $1 Million Sale of Triple Net Leased Restaurant Building in Tucson

Colliers International in Greater Phoenix recently completed the investment sale of a Chuy’s Mesquite Broiler restaurant building in an active Tucson residential and shopping area for $1 million. The transaction also included a billboard lease with Eller Media Company. RR 22nd Street Tucson LLC of Honolulu, Hawaii, purchased the property, located at 7101 E. 22nd…

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CBRE Multifamily Investment Group Negotiates Transaction Totaling $1.47 Million in Phoenix

CBRE has negotiated the following multi-family sale transaction: • Old Republic Exchange Facilitator Company and Asset Preservation Inc. from San Francisco, Calif. have purchased Sun Ray, a 28-unit multi-family property located at 1621 West Denton Lane in Phoenix, Ariz. The seller was Duane Heldt and Stephanie Potter of Costa Mesa, Calif. Brian Smuckler and Jeff…

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INDUSTRIAL BROKER JEFF BANKS JOINS CUSHMAN & WAKEFIELD OF ARIZONA

Jeffrey A. Banks has joined the Industrial Properties Division of Cushman & Wakefield of Arizona, Inc. as an Associate. Banks’ primary responsibilities at C&W will be to focus on tenant and agency leasing for industrial properties. Banks previously was Vice President of Business Development for Facto Express, a freight shipping and trucking company. Prior to…

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Colliers International Completes Land Sale, Buyers Move forward on New Industrial Building in Tolleson

Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year. First Industrial Realty Trust Inc., a Chicago-based publically-traded REIT, purchased the land and teamed up with Merit Partners Inc. of Phoenix to…

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