TRAMMELL CROW COMPANY AND PRINCIPAL REAL ESTATE INVESTORS ACQUIRE SITE TO BUILD CORRIDORS INDUSTRIAL PARK

Trammell Crow Company and joint venture partner Principal Real Estate Investors announce the acquisition of a 16.19 acre land parcel located at SEC 23rd Ave and Alter Way in the Corridors master-planned business park in Deer Valley. The venture plans to develop Corridors Industrial Park, which will consist of four, Class A speculative industrial buildings.…

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Cheryl Lombard Named New President & CEO of Valley Partnership

Valley Partnership has named Cheryl Lombard as its new President and CEO. In this role, Ms. Lombard will be responsible for leading and managing Valley Partnership, including developing and executing strategies, and managing the association’s resources, expertise and leadership initiatives. “Cheryl is an ideal fit in terms of Valley Partnership’s mission and goals,” said Scott…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±20,640 SF AUTOMOTIVE CENTER IN SURPRISE, ARIZ.

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Surprise Auto Center in Surprise, Arizona. Eric Jones of CPI’s Investment Specialist Team represented the new owner, Peiterson Keil, LLC. Peiterson Keil, LLC purchased the ±20,640 SF retail strip center at 11541 W Bell Road, which was…

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SUN VALLEY SOLAR SOLUTION PURCHASES 3225 N. COLORADO ST. IN CHANDLER FOR $2.7 MILLION

Newmark Grubb Knight Frank (NGKF) announced the sale of 3225 North Colorado Street in Chandler to Sun Valley Solar Solutions. The solar panel installation company purchased the 26,815-square-foot, free-standing industrial building and accompanying 3.3 acres from Washington Street Enterprises Arizona, L.L.C. for $2.7 million or $100.00/square foot. Sun Valley Solar Solutions was represented by NGKF’s…

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HELIX PROPERTIES SOLD MCDOWELL MARKETPLACE II FOR $1.37 MILLION

Helix Properties, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently sold McDowell Marketplace II in Phoenix, Ariz. Located on the Southwest corner of 59th Avenue and McDowell Road in Phoenix, the 9,141 square foot consists of a fully leased retail center. Thomas A. McCarthy purchased the property for $1.375 million…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 172-ROOM TUCSON QUALITY INN & SUITES

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 Quality Inn & Suites Tucson Airport North, a 172-room hospitality property located in Tucson, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset…

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NorthMarq Capital arranges $13 million refinance of 19th & Pinnacle Peak Commerceplex in Phoenix

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based office arranged refinancing of $13 million for 19th & Pinnacle Peak Commerceplex – Phase II, a 186,286 sq.ft. warehouse/distribution center located at 23610 and 23620 North 20th Drive in Phoenix,…

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Park 10 Announces 2015 Groundbreaking with Signing of Main Event

Parkland Development, LLC (Tigard, OR) announced they will break ground in March 2015 on Park 10, a 43-acre, mixed-use project located on the northeast corner of I-10 and 107th Avenue in Avondale, AZ. The announcement corresponds to the signing of the projects first anchor tenant, Main Event Entertainment, the fastest growing bowling-anchored entertainment center in…

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VOIT REAL ESTATE SERVICES DIRECTS $9.86M SALE OF TWO MULTI-TENANT RETAIL CENTERS IN GILBERT

Darren Tappen, Senior Vice President, and Matthew Ault, Senior Associate, in Voit Real Estate Services’ Phoenix office along with Peter Beauchamp, Senior Vice President, in Voit’s Irvine office have successfully directed the sale of two multi-tenant retail centers in the Gilbert submarket with a combined transaction value of $9,861,250. The 24,533 square-foot retail center known…

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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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Upswing in Old Town Scottsdale: Velocis Purchases Camelback Square

Velocis, a private equity real estate fund, today announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale, Arizona. The asset was previously owned by Lincoln Property Company (LPC), along with a fund managed by Oaktree Capital Management, L.P. (Oaktree). The sale underscores the attractiveness of the…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE LEASE OF TWO OFFICE SUITES TOTALING 11,666 SF IN PHOENIX

Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Spooner Physical Therapy. Spooner Camelback will be expanding and relocating to 5040 N. 15th Avenue, and Spooner Desert Ridge will be expanding and relocating to 20830 N. Tatum Blvd., in Phoenix, Arizona. Scott Nelson of…

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