Walker & Dunlop Originates $25M Freddie Mac Loan With 75-Day Early Rate Lock

Walker & Dunlop, Inc. (NYSE: WD) announced today that it originated a $25,385,000 loan for the refinance of Silverhawk Apartments & Centre, located in La Quinta, California. The borrower originally purchased the property out of foreclosure in 2009 and has successfully improved operations, benefiting from the property’s strong location and the continued market recovery of…

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CBRE Negotiates Sale of Kyrene Corporate Center in Tempe, Ariz.

RMK Holdings, LLC has purchased Kyrene Corporate Center, a 30,000-square-foot office building located at 9280 South Kyrene Road in Tempe, Ariz. The sale price was $3.33 million. Kevin Calihan with CBRE’s Phoenix office represented Phoenix-based RMK Holdings. DTZ’s Eric Wichterman and Mike Coover represented the seller, Phoenix-based Kyrene 919280, LLC. “The metro office market continues…

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Spotlight on Arizona’s Thriving Data Center Market

The Arizona Technology Council will partner with the Arizona Data Center Coalition to present a panel discussion highlighting the state’s thriving data center market. The panel will feature thought leaders from around the data center industry, including IO Data Center’s Greg Davit, ViaWest’s Jeff Johnson, Cyrus One’s Fred Holloway, Digital Realty’s Mark Luz and CBRE’s…

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Capital Asset Management announces three-property portfolio sale

Capital Asset Management, Phoenix, announced today the successful sale of a 3-property portfolio comprised of The Horizon Ridge Shopping Center 1651 N Horizon Ridge Henderson, Nev., the Gibson Road Shopping Center 193 Gibson Rd Henderson, Nev., and the Lower Buckeye Plaza Shopping Center at 8240 W Lower Buckeye Rd Buckeye, Ariz., totaling 35,035sqft on 3.90…

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ConnectionsAZ Leases 36,000 Sq. Ft. at Phoenix Memorial Center

CBRE has negotiated a long-term, 36,000-square-foot lease at Phoenix Memorial Center. ConnectionsAZ, a physician-led company that specializes in providing emergency/crisis psychiatric services, has leased the space and will operate a patient intake center from the location. Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The…

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Colliers International Announces First Quarter Broker Promotions

Colliers International in Greater Phoenix recently promoted 10 brokers, including one to senior executive vice president and three to executive vice president. Each year, Colliers promotes brokers in the first quarter. “The promotions recognize the dedication, talent and expertise of our brokers who know how to maximize opportunities for our clients,” said Bob Mulhern, managing…

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IRIS USA and Japanese parent selects Surprise for Western US Regional Headquarters

IRIS USA, Inc, a subsidiary of IRIS Ohyama, Inc., headquartered in Sendai, Japan, will build its new Western United States Regional Headquarters in Surprise. The new facility represents a $33-$40 million investment, 100 new jobs, and $800,000 of new city revenues in the first year of operations. In making the announcement during her State of…

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Walker & Dunlop Originates $694M for Student Housing Properties in 2014

Walker & Dunlop, Inc. announced today that during 2014 the Company provided $694,947,500 in financing for off-campus student housing properties throughout the United States. This is an increase of 160% from 2013. Walker & Dunlop has specialized in providing financing for student housing properties since 1988 and remains committed to financing this strong asset class.…

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LGE Design Build Completes Construction on World Headquarters for Chandler Photographic Product Company

LGE Design Build has completed construction on a new 64,000-square-foot office and warehouse building in Chandler for Savage Universal, which has provided products for the photography industry since 1937. Needing a more efficient space for its headquarters, the family-run company hired LGE to construct a new building at the gateway of the Chandler Airport Business…

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IPA Opens Ahwatukee’s Newest Luxury Apartment Community

Investment Property Associates (IPA) celebrated the grand opening of its first Class-A, multifamily development in Ahwatukee with a ribbon cutting ceremony at Liv Ahwatukee. The luxury apartment community, developed and managed by IPA is situated on 26 acres near the southwest corner of Chandler Boulevard and 50th Street. Liv Ahwatukee consists of 402 garden-style luxury…

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