Land Advisors Organization-Orlando Closes Over $23M in 2014 as Demand for Land Continues

Land Advisors Organization (LAO), a premier nationwide land brokerage firm, announces the successful execution of their most recent land disposition assignments in the Orlando metropolitan area. The LAO-Orlando team of Steve Flanagan, Mike Ripley and Steve Ruoff represented Narcoossee Land Ventures LLC in their June 16 purchase of 163 acres of residential land located east…

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Whitestone REIT Announces 6 Percent Increase in Occupancy for Market Street at DC Ranch Since December Acquisition

Whitestone REIT, a fully integrated real estate company that owns, operates and redevelops Community Centered Properties, announced that occupancy at its Market Street at DC Ranch Property increased 6% to 86 percent, up from 80 percent when the property was purchased in December 2013. The increase is the result of signing eight new leases totaling…

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Gladstone Commercial Corporation Announces Sale of Property in Sterling Heights, MI

Gladstone Commercial Corporation reported today that it sold its 540,000-square-foot industrial property located in Sterling Heights, Mich. for $11.4 million, representing a gain on sale of about $1.2 million. “This was a good opportunity for us to sell a non-core asset at a price that was beneficial to shareholders,” said Jason Kowalski, Senior Asset Manager…

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Colliers International Completes Transactions in Show Low and Chandler

Colliers International in Greater Phoenix recently completed a $500,000 office sale in Show Low, Ariz., and an $885,000 land sale in Chandler. White Mountain Publishing, L.L.C. of Casa Grande purchased the Class C multi-tenant office building, 3191 S. White Mountain Road in Show Low, from the Lucero Group, Inc. of Scottsdale. Currently occupying almost half…

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Local Investor Buys Office Condo at Riverside Office Plaza II for $2.8 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the successful sale of nine office condos at Riverside Office Plaza II totaling about 29,223 square feet in the Tempe/Airport Submarket. Phoenix-based investor Attis Investments, LLC purchased the nine condos for $2.805 million ($95.98 per square foot) from San Diego-based Southwest Value…

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ORION Negotiates Lender Owned Retail Sale in Arrowhead for nearly $2.9 M

ORION Investment Real Estate announced the closing of Union Hills Square, a 11,960-squared-foot multi-tenant retail pad, located in Glendale, Ariz. for nearly 2.9 million ($239 SF) to Cave Cree Capital Partners of Scottsdale, Ariz. “This is the second asset we have represented CCCP on purchasing from a lender this year” explains Andrew Harrison, Vice President…

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Pathfinder Partners Closes $1.9 M Sale of Shorewood Apartments In Phoenix

Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic real estate investments, has closed the $1.9 million sale of Shorewood Apartments, a 21-unit community located in the midtown neighborhood of Phoenix, Ariz., just north of downtown. The property was acquired by Washington-based Atrium Apartments, LLC. According to Lorne Polger, senior managing director of Pathfinder,…

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Plaza Companies CEO Sharon Harper Earns Prestigious Counselors of Real Estate Credential

Plaza Companies President & CEO Sharon Harper earned another important title to add to an already impressive array of them: Counselor of Real Estate. Harper has been awarded the prestigious CRE (Counselor of Real Estate) credential by The Counselors of Real Estate, an international group comprising high profile real estate practitioners who provide expert advisory…

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R.O.I. Properties, LLC completes $1.21 million Sale of Midvale Park Commercial Center PAD Site to Panda Express

R.O.I. Properties in Phoenix recently sold a 50,088-square-foot PAD site at 1600 W. Valencia Rd. The site was previously operating as a Chevron Gas Station. The site is located on the hard corner of the Walmart-anchored Midvale Park Commercial Center. CFT Developments LLC headquartered in California acquired the site with plans to develop the site…

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