ROSS BROWN PARTNERS/ JLL INK LARGE TEMPE OFFICE SUB-LEASE WITH CONCENTRIX CORP.

Ross Brown Partners, Inc. represented the Sub-Tenant, Concentrix Corporation, and Jones Lang LaSalle represented the Sub-Lessor, University of Phoenix, in a 101,000 SF office lease at 1601 W. Fountainhead Parkway in Tempe. Originally a spec office building design that was revised to accommodate the educational use of University of Phoenix, the 3 ½ floors of…

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Regent Properties Purchases 90 Mountain View for $34.6 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Los Angeles based Regent Properties, a multi-faceted real estate investment company, has acquired 90 Mountain View, a 183,644 square foot office project located at 9977-9999 N. 90th Street in Scottsdale, AZ, for $34.6 million ($188.41 per square foot). The seller…

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CBRE Completes $2.75 Million Sale of the Kohl’s Shops at Glassford Hill Marketplace in Prescott Valley, Ariz.

CBRE has completed the sale of a net leased shopping center located at 3264 N. Glassford Hill Road in Prescott Valley, Ariz. Shadow-anchored by a Kohl’s department store, the 8,639-square-foot retail property commanded a sale price of $2.75 million. The property is known as The Shops at Glassford Hill Marketplace. Joseph Compagno with CBRE’s Phoenix…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,033-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 Raising Cane’s, a 3,033-square foot net-leased property located in Glendale, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,550,000. Mark Ruble…

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JLL Land Sale Brings Tractor Supply Co. Distribution Center to Casa Grande

The Phoenix office of JLL has completed a 100-acre land sale that will bring a new Tractor Supply Company (NASDAQ: TSCO) distribution center to the Central Arizona Commerce Park in Casa Grande, Ariz. Tractor Supply, the largest rural lifestyle retail store chain in the United States, will build an approximately 650,000-square-foot distribution center, with the…

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Colliers International Completes Sale of 672-Unit Autumn Ridge Apartments in Phoenix

Colliers International in Greater Phoenix recently completed the sale of the 672-unit Autumn Ridge Apartments, a Class B complex in North Phoenix. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines purchased the complex, located at 1944 W. Thunderbird Road, from Summit Autumn Ridge LLC of Los Angeles. Colliers Cooke Team,…

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MG Properties Group Acquires Arizona and California Multifamily Communities for $50 Million Total

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of two multi-family properties; the 376-unit Garden Grove Apartments in Tempe, Arizona and the 72-unit Bella Vista Apartments in Napa, California. “Both acquisitions leverage our existing management platform, creating operational efficiencies and allowing us to scale our portfolio in…

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Colliers International Completes Office Lease for Wilson Engineers in Phoenix

Colliers International in Greater Phoenix recently completed a 14,629-square-foot long-term lease in a Class B office building in southeast Phoenix for Wilson Engineers. Wilson Engineers, LLC of Phoenix leased space at 9633 S. 48th St. from 48 Piedmont Place, LLC of Phoenix. Kathy Foster, senior vice president, and Lindsey Carlson, vice president, both of Colliers…

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Cushman & Wakefield Advises in Largest Occupier Deal in San Francisco History

In an historic and unparalleled commercial real estate transaction, Cushman & Wakefield’s San Francisco office announced today it advised Salesforce in the purchase of 50 Fremont Street. Salesforce, the world’s #1 CRM Company, is purchasing the asset from TIAA-CREF who acquired the building in 2005. The 41-story, 817,000 square foot Class A office building is…

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CBRE’S FIJAN BROKERS HIGHEST PRICE PSF ON RECORD IN FREEPORT-MCMORAN CENTER SALE

Last week the Phoenix Business Journal reported the office portion of Freeport-McMoRan Center in Downtown Phoenix sold for $110 million, or $442 per square foot. In an exclusive interview with Commercial Executive Magazine’s Mandy Purcell, CBRE’s Executive Vice President Jim Fijan who was responsible for negotiating the transaction, discusses the sale, what it means for…

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