CBRE Completes $5.975M Sale of Motorcycle Mechanics Institute Building in Deer Valley

CBRE has completed the sale of the Motorcycle Mechanics Institute Building located at 2932 W. Deer Valley Rd. in Phoenix, Ariz. The 41,739-square-foot technical training facility commanded a sale price of $5.975 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, 2932 DVR, LLC. The buyer, Hyperion Fund, LP, was represented…

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Craddock Receives Top Honors in Financial Services

Spence, Cassidy and Associates, LLC, a general agency with the companies of OneAmerica, honors Scott Craddock, assistant general agent, with the Phoenix Award for leadership in sales and coaching of financial services professionals. Craddock also qualified for the prestigious President’s level within OneAmerica’s Leaders Club as a top 50 financial services advisor in the company.…

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Alliance Residential Promotes Key Leaders

Alliance Residential, a national multifamily acquisitions, development, construction and management company has announced the promotions of V. Jay Hiemenz to President and Chief Operating Officer, and Bob Weston to Chief Financial Officer. These leaders will oversee operational and financing efforts respectively, of the company’s approximate $2 billion production pipeline and 70,000 units under management. “Alliance…

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The Opus Group Announces Addition of Louis Zachary as Regional Director of Construction in Phoenix

The Opus Group announced today that Louis Zachary joined Opus Design Build, L.L.C. as regional director of construction in the Phoenix office on July 21. In his new position, Zachary will oversee Opus’ construction business in the greater Phoenix area and support growth of the recently-opened office. “I’m delighted to have the opportunity to work…

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Vestis Group Brokers Phoenix Apartments Sale for $133,100 Per Unit

Vestis Group Principals Natan Jacobs and Les Litwin have completed the sale of Monterosa Apartments, an 8-unit multifamily community located in the sought after Arcadia neighborhood, just east of the Biltmore in Phoenix, for $1.065 million, or $133,100 per unit ($157.75 per square foot). 3728 East Monterosa Apartments, LLC of Phoenix sold Monterosa Apartments, located…

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Arizona Urology Specialists Leases 12,034 SF at Country Club Manor

Cassidy Turley Commercial Real Estate Services completed a 10-year lease of 12,034 square feet for locally based Arizona Urology Specialists PLLC at Country Club Manor, 1221-1313 E. Osborn Road in Phoenix. Senior Vice President Gordon Raguse and Vice President Chris Jantz of Cassidy Turley’s Office Group represented landlord Hyperion Fund LP, while David Heiple of Heiple…

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Cresa Executes Disposition and New Lease for 3M Company

Cresa, the world’s largest tenant representation firm, announced that it had executed the disposition of a 270,890-square-foot building and 42 acres of land for $31.91 million in Ontario, Calif. for 3M Company. As part of the transaction, Cresa Phoenix negotiated a 10-year lease on a 454,877-square-foot distribution facility to be constructed on a vacant parcel nearby.…

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NorthMarq Capital’s Phoenix Office Arranges Two Retail Transactions Totaling $14.7M

James V. DuMars, Senior Vice President and Managing Director of NorthMarq Capital’s Phoenix regional office secured two retail transactions totaling $14.7 million. Old Spanish Trail Crossing Located at 9525 and 9545 E. Old Spanish Trail and 9565 East 22nd Street in Tucson, this 42,816-square-foot retail property was refinanced at $8.925 million. The transaction was arranged…

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Sperry Van Ness Negotiates the Sale of Full Circle Ranch Bed & Breakfast Inn in Cave Creek for $700K

Carrick Sears, Senior Investment Advisor in the Phoenix office of Sperry Van Ness, negotiated the $700,000 sale of Full Circle Ranch Bed & Breakfast Inn at 40205 N. 26th St. in Cave Creek. The buyers, Tom and Debby Kinsella, desired to relocate from Denver to the Southwest and chose Phoenix. Debby Kinsella has long known one…

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