Whitestone REIT Launches Repositioning of Two Houston Properties

Whitestone REIT, a fully integrated real estate company that owns, operates and re-develops Community Centered Properties, today announced the official launch of two property redevelopment and repositioning programs in its Houston, Texas, region. Sugar Park Plaza, a 95,032 square foot property with a daily traffic count of 259,000, is located at the exit ramp of…

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Newmark Grubb Knight Frank Completes $12.5M, 355-Unit Apartment Sale

Newmark Grubb Knight Frank negotiated the $12.5 million sale of the Bella View Apartments located at 2912 E. Indian School Road, in Phoenix. The property, a 355-unit Class B Apartment complex, was built in 1979 and sits on approximately 7.92 acres. Karl Abert, Managing Director with NGKF’s Phoenix office represented the seller, Belleview Communities, LLC.…

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Cushman & Wakefield Negotiates $11.4M Sale of Former Jabil Building

Cushman & Wakefield of Arizona, Inc. negotiated the $11.4 million sale of a former electronics manufacturing/warehouse building at 615 S. River Drive. The 193,000-square-foot property was built in 1982, expanded in 1994 and expanded again in 1997. It includes 176,000 square feet of fully air-conditioned manufacturing and warehouse space and 17,000 square feet of office…

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Technology, Medical & Chiropractic Businesses Complete Leases at Hines’ Renaissance Square

A premier technology company and a medical & chiropractic center recently completed leases at Hines’ Renaissance Square in downtown Phoenix. Executive Technology Inc. has leased almost 2,000 square feet over six years at One Renaissance Square, relocating its office from Tempe. ETI is a veteran-owned business that provides technology solutions for law enforcement agencies and…

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Marcus & Millichap Sells 23-Unit Multifamily Asset in Phoenix

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of Biltmore Courtyard, a 23-unit apartment property located in Phoenix. The asset commanded a sales price of $1.725 million, or $75,000 per unit. Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus &…

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Marcus & Millichap Arranges the Sale of a 43,584 SF Industrial Building

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of 15002 N. 25th Drive, a 43,584-square-foot industrial property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2.45 million. Neal Waldman, investment specialist in…

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Vestis Group Purchases Melrose District Apartments In Midtown Phoenix

Vestis Group announces that Principals Natan Jacobs and Les Litwin have completed the sale of Nationwide Apartments, a 12-unit multifamily community located in the trendy Woodlea Melrose neighborhood in Midtown Phoenix, Arizona for $420,000 / $35,000 per unit. Miguel Loza and Javier Escobedo of Orange County, Calif.  sold Nationwide Apartments, located at 4127 N. Ninth Avenue, in…

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