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…Details
At WM Phoenix Open yesterday:
Channel 3’s Scott Pasmore & TV personality, Tara Hitchcock
read our article on Larry Fitzgerald featured in this past issue!
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…Details
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…Details
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…Details
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…Details
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.…Details
CBRE has completed the sale of Metro Commons, a multi-tenant retail center located at 3121 W. Peoria Ave. in Phoenix, Ariz. The ±17,755-square-foot, class A retail center commanded a sale price of $7.78 million. Andrew Fosberg, Cam Stanton, Chris Ackel and Molly Busch with CBRE’s Phoenix office represented the seller, an entity formed by Jacor…Details
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…Details
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…Details
Two words tell the story of the 2014 Metro Phoenix office market: East Valley. The Tempe, Scottsdale and Chandler submarkets outperformed the entire Valley, helping to pull the city back to real estate health, according to figures released today by Cushman & Wakefield of Arizona, Inc. “The Scottsdale and Southeast Valley office corridors have benefitted…Details
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.…Details
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…Details
On behalf of Arizona-based Soilworks, the Phoenix office of JLL has completed a Class A office lease in Scottsdale, Ariz. that establishes a new world headquarters for the company – a leader in dust control and soil stabilization technology. Soilworks moved into its new headquarters space this month. The location, at 7580 N. Dobson Road…Details
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.