NorthMarq Capital completes two refinancing placements for two Scottsdale office buildings totaling $29 million

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office has assisted the Perry family with financing placements on two premier Scottsdale office buildings totaling a combined $29 million. Scottsdale Professional Building contains 76,647 sq.ft. and was constructed in 2004. Scottsdale Executive office Building contains 181,081 sq.ft. and was constructed in 1997.…

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BROADSTONE LINCOLN EARNS LEED PLATINUM CERTIFICATION

Alliance is excited to announce its 264-unit, Scottsdale-area development, Broadstone Lincoln located at 7100 E. Lincoln Dr., was recently awarded LEED-H Platinum Certification. This marks Alliance’s second development nationwide to achieve this level of certification. “Alliance is very proud to achieve LEED-H Platinum certification with Broadstone Lincoln — we took great care in developing this…

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Canadian Investor Purchases Palm Valley Office Park I & II for $15.35 Million Cassidy Turley Negotiates Sale and Wins Leasing Assignment

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that Kootenay Holdings, a private investor, has acquired Palm Valley Office Park I & II, a 83,575 square foot office project located at 1616 North Litchfield Road and 1646 North Litchfield Road in Goodyear, AZ, for $15.35 million ($183.67 per square foot).…

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CUSHMAN & WAKEFIELD CLOSES 5 TENANT REP DEALS FOR DISTRIBUTION PROPERTIES IN THE SOUTHEAST VALLEY

Identifying prime distribution space in the Southeast Valley, the Cushman & Wakefield of Arizona leasing team of Jackie Orcutt, John Grady, and Mackenzie Ford recently closed five tenant representation deals totaling 76,734 square feet. The leases range in size from 3,744 SF to 26,023 SF across the Southeast Valley. “It has become increasingly difficult to…

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CBRE Completes $4.5 Million Sale of a 46,119-Square-Foot Industrial Property on 14.83 Acres in Chandler, Ariz.

CBRE has completed the sale a 46,119-square-foot industrial property located at 1100 N. Hamilton St. in Chandler, Ariz. The property, which sits on 14.83 acres, commanded a sale price of $4.5 million. Evan Koplan and Mike Parker with CBRE’s Phoenix office negotiated the sale on behalf of the seller, TW Steel of Chandler. The buyer,…

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JLL Hires Chris Latvaaho as Vice President in Phoenix Office Leasing Group

The Phoenix office of JLL has hired local broker Chris Latvaaho as Vice President in its Phoenix office leasing group. Latvaaho joins the existing JLL team of Managing Director John Bonnell and Vice President Brett Abramson, who specialize in agency representation for existing and ground-up developments, and both institutional and entrepreneurial landlords. Prior to Joining…

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BASCOM ADDS TO APARTMENT PORTFOLIO . . . PAYS $40.5 MILLION FOR 408 UNITS IN PHOENIX

A company formed by Bascom Arizona Ventures LLC paid $40.5 million ($99,265 per unit) to acquire the 408-unit Indigo Creek apartments located at 14221 N. 51st Avenue in Glendale. The seller was CFS Indigo Creek LLC, a company formed by Falcon Southwest in Austin, Tex. (Phil Capron, pres.). The transaction was brokered through Steve Gebing…

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Hayden House Tempe, LLC Purchases Mill and Rio Salado Site

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (Douglas Wilson, Chairman and CEO), Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, (Jeff Wenaas, President) and Los Angeles-based Karlin Real Estate closed…

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DCT Industrial Trust Acquires Tempe Warehouse Portfolio for $26.44 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that DCT Industrial Trust has acquired a three property warehouse portfolio from a Chicago-based global investment manager for $26.44 million. Located in Tempe, AZ, the 355,371 square foot portfolio includes: Roosevelt Center, 2405 and 2415 S. Roosevelt Street; Parkland Center, 7245 and…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF HEWSON DOVER BUSINESS PARK IN MESA, ARIZONA

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Hewson Dover Business Park. Tyson Breinholt, Trent Rustan and Josh Gosnell of CPI’s Tempe Office & Retail Group represented the seller in this transaction. The 11,424 SF, Class B office building is located at 4344 E. Presidio…

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CyrusOne Completes Construction of Its Second Phoenix Data Center in Record Time

Global data center provider CyrusOne (NASDAQ: CONE) announced today that its newest 120,000-square-foot Phoenix II data center facility is now operational, including the full commissioning of the pre-leased 30,000 square feet of colocation space (CSF) previously announced. The Phoenix II facility is ultimately planned to be 240,000 square feet and will be able to deliver…

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