Walker & Dunlop Structures $17M Refinance Loan for Brookstone Apartments in Rock Hill, South Carolina

Walker & Dunlop, Inc. (NYSE: WD) announced today it structured a $17,000,000 refinance loan for Brookstone Apartments in Rock Hill, South Carolina. The loan for Brookstone Apartments was a competitive 15-year fixed rate loan, featuring five years of interest-only followed by a 30-year amortization schedule. The financing proved to be the ideal loan for the…

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Big Brothers Big Sisters of Central Arizona Relocating Corporate Office to Valley Commerce Center

DTZ, a global leader in commercial real estate services, announced today the completion of a 10,097 square foot lease on behalf of Big Brothers Big Sisters of Central Arizona (BBBSCA) at Valley Commerce Center, 4745 N 7th Street in Phoenix. Vice President Justin Himelstein with DTZ’s Occupier Services Office Group represented BBBSCA during the lease…

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Prime DC Ranch Office Development Sold for $18.7 Million

On behalf of Arizona-based DMB, the Phoenix office of JLL has completed the $18.7 million sale of Canyon Village, a Class A mixed-use office project and cornerstone development within the DC Ranch masterplanned community in Scottsdale, Arizona. JLL Senior Managing Director Dennis Desmond and Senior Vice President Brian Ackerman represented the property seller, Canyon Village…

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MG Properties Group Acquires Trillium Papago Apartments in Phoenix, Arizona for $36M

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of the Trillium Papago Apartments in Phoenix, Arizona. The property consists of 270 luxury apartments built in 2007. The property features an exceptional array of common area amenities, including a resort-style pool and spa, modern fitness center, movie theater,…

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Walker & Dunlop Originates Full-Term Interest Only Acquisition Loan in Fort Myers, FL

Walker & Dunlop, Inc. announced today that it originated a $19,040,000 acquisition loan for Brantley Pines, a garden-style apartment community located in Fort Myers, Florida. The 7-year Freddie Mac loan was structured with seven years of interest only and will allow the borrower, CAPREIT, to complete extensive value-add renovations to the property. Dustin Swartz, Bethesda-based…

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Colliers International Completes $3.3 Million Sale of Large Church Building in Scottsdale

Colliers International in Greater Phoenix recently completed the sale of the Impact Church building in North Scottsdale for $3.3 million or $143 per square foot. Scottsdale Training Facility Partners LLC of Scottsdale purchased the building, located at 15650 North 83rd Way, from Impact Church of Scottsdale. Greg Hopley, executive vice president with Colliers International, represented…

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Watt Communities of AZ Breaks Ground on Dorsey Lane

Officials from Watt Communities of Arizona and Southern California-based parent company Watt Communities have celebrated the groundbreaking of Dorsey Lane, a 51-unit, for-sale upscale urban living townhome project in central Tempe, Arizona. Dorsey Lane is the first of five infill urban living communities, with a construction value of more than $25 million, scheduled to break…

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