CBRE Completes $48.5 Million Sale of The Highlands Multifamily Community in Scottsdale, Arizona

CBRE has completed the sale of The Highlands, a 272-unit multifamily community located at 15255 N. Frank Lloyd Wright Boulevard in Scottsdale, Arizona. The buyer was Newport Beach, California-based Olen Properties. The seller, Irvine, California-based Bascom Goup, was represented by Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch of CBRE Multifamily Institutional Properties in…

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Walker & Dunlop Executes $75.6 Million Green UpSM, Conversion to Fixed Rate Portfolio

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it structured loans totaling $75,625,000 with Freddie Mac for four multifamily properties located in Arizona and Texas. Senior Vice President and Managing Director, Alex Inman, arranged the debt placement for the Class B, garden-style apartment complexes. The portfolio’s four loans were structured at competitive…

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MODE Commercial Property Management Hires Industry Veteran Gary Coley as Senior Real Estate Manager

MODE Commercial Property Management, a Scottsdale-based boutique commercial property management company, recently hired commercial property management veteran Gary Coley as its senior real estate manager. Coley joins MODE with more than 30 years of commercial real estate asset and property management experience in office, retail, industrial and data center assets in several markets in the…

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Daum Negotiates $11.22 Million in Sales with Three Industrial Buildings in Phoenix

Daum Commercial Real Estate Services has negotiated the $11.22 million sale of three industrial buildings located in Phoenix. In the first transaction, Zouras Trust of Santa Fe Springs, Calif. purchased two single-story industrial office buildings in Southbank Business Center located at 3249 and 3259 E. Harbour Drive in Phoenix for $4.8 million. The 3249 E.…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 5,247-SQUARE FOOT NET-LEASED PROPERTY

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 Big O Tires, a 5,247-square foot net-leased property located in Gilbert, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,850,000. Jamie…

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CONSTRUCTION EMPLOYMENT JUMPS BY 58,000 IN FEBRUARY TO HIGHEST LEVEL SINCE 2008; YEAR-OVER-YEAR GROWTH IS BROAD-BASED AND TOPS PRIVATE-SECTOR RATE

Construction employment increased by 58,000 jobs in February to the highest level since November 2008 with gains in both residential and nonresidential segments, according to an analysis of new government data by the Associated General Contractors of America. The association urged public officials to strengthen training and education programs to help students and current workers…

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Zillow Economist to Provide Keynote Speech at ‘Everything Infill’ Event

 It’s getting dense in Phoenix, which is how creativity and real estate collide to create amazing infill projects. Just like the trendiest restaurants and hippest office spaces can bring new life into an old lot, the market’s most desirable rooftops are also the result of infill. Homeowners Financial Group, with Fidelity National Title Agency, has…

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Sale of Long-Vacant Office Buildings Breathes New Life into Riverpoint Business Park

Newmark Grubb Knight Frank (NGKF) announces the sale of two office buildings in the well-known and highly visible Riverpoint Business Park. The buildings, 4150 South Riverpoint Parkway and 3125 East Wood Street, were former home to the University of Phoenix for its operations center and online division until 2104, when the higher education facility moved…

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