CUSHMAN & WAKEFIELD NEGOTIATES $1.5 MILLION SALE OF PHOENIX INDUSTRIAL BUILDING

Cushman & Wakefield of Arizona, Inc. completed the $1,557,000 million sale of an industrial property at 3025 W. Weldon Ave. The 23,500 square-foot building is situated on approximately three acres of land and was constructed in 1966. Talus Development Corporation, a Phoenix-based telecommunications and utility contracting firm purchased the building. Talus Development was in the…

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Colliers International to Offer Comprehensive Data Center Architectural Solutions

Colliers International in Greater Phoenix has launched a strategic partnership with the IT design and architectural firm, GlassFire, Inc., to provide comprehensive converged data center solutions for clients with mission critical or new data center requirements. With the global data center construction market expected to boom from $14.6 billion in 2014 to $22.7 billion by…

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CUSHMAN & WAKEFIELD COMPLETES $4.975 MILLION SALE OF GLENDALE APARTMENT BUILDING

Cushman & Wakefield of Arizona, Inc. completed the $4,975,000 sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet ($51.95 PSF). The property, which includes nine buildings, currently boasts 93 percent occupancy. Terra Vista Investments USA of Vancouver, Canada…

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TRAMMELL CROW COMPANY AND PRUDENTIAL REAL ESTATE INVESTORS ANNOUNCE NEW OFFICE CAMPUS IN CHANDLER, ARIZ.

Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, and Prudential Real Estate Investors today announced an agreement to form a joint venture to develop a Class A, speculative office campus featuring two, two-story buildings totaling 210,000 square feet in Chandler, Ariz. PREI, among the world’s largest real estate…

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Colliers International Completes $34.9 Million Sale of Midtown On Main Apartments in Mesa

Colliers International in Greater Phoenix recently completed the sale of the 472-unit Midtown on Main Apartments, a transit-oriented, Class B complex in Mesa for $34.95 million, or $74,047 per unit. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines (DFA/BH Midtown LLC of Houston, Texas) purchased the complex, located at 2121…

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Whitestone REIT Announces Strategic Acquisitions of Two Value-Add Highly Visible Hard Corners at Two Existing Phoenix Properties

Whitestone REIT (NYSE:WSR) (“Whitestone”), announced today that it has completed two strategic acquisitions of hard corners at its Village Square at Dana Park and Fulton Ranch-Towne Center Properties in the Phoenix market. Prior to purchase, the hard corners adjoining Whitestone’s Village Square at Dana Park and Fulton Ranch-Towne Center, which were acquired in 2012 and…

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One MacDonald Center Welcomes Arizona Department of Child Safety

DTZ, a global leader in commercial real estate services, announced today that the Arizona Department of Child Safety (DCS) leased 27,340 square feet at One MacDonald Center, 1 N. MacDonald Drive in Mesa, Ariz. DTZ Associate Vice Presidents Gregg Sherman and Scott Isacksen represented the landlord, Omniment MacDonald, LP, during the lease negotiations. DCS represented…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,400-SQUARE FOOT NET-LEASED PROPERTY

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 AutoZone Ground Lease, a 7,400-square foot net-leased property located in Mesa, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,432,200. Jamie…

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6 Palms Apartments in North Phoenix Sells for more than $1 Million

CBRE has negotiated the following multifamily sales transaction: • Chen Development Group from Daly City, Calif. has purchased the 6 Palms apartment complex, a 35-unit multifamily property located at 2522 West Highland Avenue in Phoenix, Ariz., from Blaine, Wash.-based JL Investing, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in…

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CBRE Completes Sale of Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club in Tucson, Ariz.

CBRE has completed the sale of the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club located in Tucson, Ariz. The asset is situated on two separate parcels totaling approximately 383-acres. Financial terms of the transaction were not disclosed. The CBRE Hotels’ team who negotiated the transaction on behalf of the…

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Colliers International Completes Sale of 228-Unit Promontory Point Apartments in Austin, TX

Colliers International in Greater Phoenix recently completed the sale of the 228-unit Promontory Point Apartments, a Class B complex in Austin, Texas. Hamilton Zanze of San Francisco purchased the complex, located at 2250 Ridgepoint Drive, from Promontory Point Holdings, LLC of Arcadia, Calif. The transaction was brokered by Colliers Cooke Team, led by Cindy Cooke,…

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