CUSHMAN & WAKEFIELD ACQUIRES PROPERTY TAX RESOURCES

As part of its commitment to provide a national tax advisory practice, Cushman & Wakefield today announced the acquisition of substantially all the assets of Property Tax Resources, a leading advisory service based in Carlsbad, Calif. The purchase builds on Cushman & Wakefield’s existing property tax services and adds a best-in-class proprietary tax management platform…

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CBRE Tucson’s John Ash Joins Multifamily Investment Group

CBRE’s Multifamily Investment Group has announced the addition of John Ash in the company’s Tucson office. Ash will work in conjunction with Brian Smuckler and Jeff Seaman, who are based in company’s Phoenix office. “We’re pleased to welcome John to the team,” said Senior Vice President Brian Smuckler. “We pride ourselves on the comprehensive, best-in-class…

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ARA’s Phoenix Team Announces the $1.33 Million Sale of McLellan Apartments in Phoenix

McLellan Apartments, LLC (John Yang, Principal) from Encinitas, California have purchased McLellan Apartments, a 38-unit multifamily property located at 2551 W. McLellan Blvd, Phoenix, Arizona from Vitaly and Ludmila Luskin of Chandler, Arizona. Vice President Ryan Ash and Senior Associate Mike Woodrick of ARA’s Phoenix office represented both buyer and seller in the $1.33 million…

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BH Properties Promotes Steven Jaffe to Chief Investment Officer and Principal

BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed commercial real estate properties, has announced the promotion of Steven Jaffe to chief investment officer and principal of the firm. In this role, Jaffe is responsible for overseeing the acquisition and disposition strategy of the company as well as the…

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Daum Negotiates $1.337 Million Sale of Industrial Land in Southeast Phoenix to Reliable Forklift Sales

Daum Commercial Real Estate Services has negotiated the $1.337 million sale of a three-acre improved industrial land parcel located at the northeast corner of 21st Street and University Drive in Phoenix. Steve Bodeman with Daum Phoenix represented the buyers, Don and Mary Carlson, owners of Reliable Forklift Sales of Phoenix. The seller, Swaine Asphalt of…

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Walker & Dunlop Structures 15-year, $38M Loan in Longwood, Fla.

Walker & Dunlop, Inc. (NYSE: WD) announced today that it structured a $38,125,000 acquisition loan for the Camden Club Apartments, a garden-style apartment complex located in Longwood, Fla. Ft. Lauderdale based, Senior Vice President, Paul Ahmed, led the Walker & Dunlop team that arranged the Freddie Mac 15-year fixed rate loan, at a 73% loan-to-value.…

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CBRE Completes $39.75 Million Sale of Twenty-four Property Convenience Store Portfolio in Southern Arizona

CBRE has completed the sale of a twenty-four property gas station and convenience store portfolio for properties in Tucson and throughout Southern Arizona. The portfolio commanded a sale price of $39.75 million. Pete Villaescusa and Jesse Peron in CBRE’s Tucson office represented the seller, Reay’s Ranch Investors, LLC of Tucson. The buyer was a national…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±16,333 SF OFFICE BUILDING IN MESA, ARIZ.

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1234 S Power Road in Mesa, Arizona. Tyson Breinholt & Shane McCormick of CPI’s Tempe Office Investment Group represented the seller, Mesa Springs LLC, and the buyer, Vista Capital Fund LLC. The ±16,333 SF, Class B office…

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Hernandez Construction Welcomes Stephen Cassetta as New Chief Financial Officer

Hernandez Construction, an affiliate of full-service commercial real estate firm, Stiles, today announced the appointment of Steve Cassetta as Chief Financial Officer. Cassetta will be responsible for the group’s financial operations while helping to drive its long-term strategic growth plan. Hernandez Construction specializes in the construction of build-to-suit projects serving the commercial and industrial sector.…

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MARCUS & MILLICHAP ARRANGES THE SALE OF 280-UNIT APARTMENT BUILDING

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 Bella Place, a 280-unit apartment property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $7,725,000 which equates to $27,589…

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ARA’s Phoenix Team Announces the $1.2 Million Sale of Aster Gardens Apartments in Phoenix

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3rd Ave Investments, LLC from Phoenix, Arizona has purchased Aster Gardens Apartments, a 28-unit multifamily property located at 1950 W. Aster Drive in Phoenix, Arizona from Paradise Village II in Phoenix.

Vice President Ryan Ash and Senior Associate Mike Woodrick of ARA’s Phoenix office represented both buyer and the seller in negotiating the $1,202,000 transaction.