NorthMarq Capital negotiates $23 million refinance of Foothills Park Place in Phoenix

James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office arranged the $23 million refinance of Foothills Park Pace a 132,496 sq.ft. retail property located at 4802, 4810,4910,4940,5010 & 5030 E. Ray Road in Phoenix. The property is in a strategic location adjacent to the I-10 Freeway and at the highest…

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Walker & Dunlop Provides $30M in Financing for Student Housing Property in Fayetteville, Arkansas

Walker & Dunlop, Inc. (NYSE: WD) announced today it structured a $30,165,000 Fannie Mae DUS fixed rate loan for Sterling Frisco, a dedicated student housing facility in Fayetteville, Arkansas. The loan was originated as a 10-year loan, with eight years interest-only, followed by a 30 year amortization schedule. Will Baker, senior vice president and managing…

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Walker & Dunlop Arranges Multifamily Construction Loan in Sherman Oaks, Calif.

Walker & Dunlop, Inc. (NYSE: WD) announced today that it structured a $7,905,000 construction loan for ALEMAR LLC, a residential developer based in Pasadena, California, for a townhouse project in Sherman Oaks, Calif. ALEMAR LLC will use the loan to re-develop an apartment property it has owned since the 1970s by constructing an 18-unit townhouse…

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Arizona School Risk Retention Trust, Inc Selects Plaza Companies To Lease Prominent Phoenix Medical & Office Building

Plaza Companies has been selected as the leasing broker for a prominent, centrally located medical and office building in Phoenix. Built in 1986, the 58,180-square-foot building at 333 East Osborn Road in downtown Phoenix is located near two major medical centers—St. Joseph’s Hospital and Banner Good Samaritan Hospital. West of the building, which boasts a…

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Stiles Realty Brokers $21 Million Sale of Former BankAtlantic Headquarters in Fort Lauderdale

Stiles Realty, a division of Fort Lauderdale-based full-service commercial real estate developer Stiles, announced today the sale of the former BankAtlantic headquarters located at 2100 West Cypress Creek Road in Fort Lauderdale. The $21 million sales price equates to $113.51 per square foot. The Class A 185,000-square foot property was the largest single-tenant vacant building…

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HELIX CAPITAL AQUIRES & LEASES NEW SONORAN CORPORATE CENTER BUILDING IN SCOTTSDALE

Helix, an Arizona-based commercial real estate Investment, Development, Brokerage and Management Company, recently acquired another Scottsdale commercial property, Sonoran Corporate Center Building 5, for $3.93 million. Located at Princess and Hartford Drive, in Scottsdale, Sonoran Corporate Center includes a 21,064 square foot building. Helix will be converting much of the building to medical and corporate…

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