Oregon Based Investment Firm Purchases Chandler Multi-Family Community for $33.3M

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Pinnacle Queen Creek, a Class “A” apartment community located at 800 W. Queen Creek Road. Oregon Pacific Investment and Development Company purchased the 252 unit garden style apartment community for $33.3 million ($132,143 per unit). The seller was Pinnacle…

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Colliers International Completes $5.8 Million Sale of Flex Industrial Buildings in Mesa

Colliers International in Greater Phoenix recently completed the sale of three showroom/flex industrial buildings in Mesa, Ariz. for $5.8 million, or $61.03 a square foot. Tucson-based Holualoa Companies purchased the buildings, located at the Superstition Springs Commerce Center, from AEW Capital Management of Boston, Mass. Rob Martensen, SIOR, CCIM, vice president of Colliers, served as…

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Commercial Properties Inc. Announces The Sale Of A 62,413 Sf Industrial Manufacturing Building In Gilbert

  Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 62,413 SF industrial property located at 900 North Fiesta Blvd., in Gilbert Arizona. Jim Stockwell of CPI’s of Tempe Office represented Rhodes Family Trust in this transaction. The reinforced concrete building was built in 1999…

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Lending Firm Prosper Marketplace Expands Into Phoenix with Office at Airport Tech Center

  Cushman & Wakefield of Arizona, Inc. negotiated a 17,998-square-foot lease for Prosper Marketplace, a peer-to-peer lending company that opened a new office at Airport Tech Center, 4127 E. Van Buren St. It is the first office outside the company’s San Francisco headquarters. The Prosper platform connects people who want to borrow money with people…

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CBRE Completes $44.15 Million Sale of Two Premier Class A Office Buildings Totaling ±223,131 SF in Scottsdale

CBRE has negotiated the sale of two premier class A office buildings in the Phoenix metro area for a total consideration of $44.15 million. The sale included the ±106,931-square-foot Scottsdale Gateway I, located at 9201 E. Mountain View Rd. in Scottsdale, and the ±116,200-square-foot 92 Mountain View, located at 10001 N. 92nd St. in Scottsdale.…

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Heart and Vascular Center of Arizona Purchases Talavi Business Park for $2.3M

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the $2.3 million ($98.12/psf) sale of Talavi Business Park, a Class B office development at 5810 West Beverly Lane in the Glendale Submarket. Ironwood Glendale, LLC purchased the property for from California-based Coneen Family Trust. Executive Managing Director Eric Wichterman and Senior…

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Trade Show Co. Signs 7-Year, 75,660 SF Lease at Phoenix Industrial Building

Conference Services International (CSI), a national trade show and exposition contractor, signed a 7-year lease for 75,660 SF at 4802 W. Van Buren St. in Phoenix. Move-in is expected on Sept. 1. Lee & Associates Arizona principals Stein Koss and Tom Louer worked diligently to secure this transaction by negotiating key concessions to bring about a mutually-agreeable outcome. The…

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John Strittmatter Named Chairman of Ryan Companies Southwest Division

Ryan Companies US, Inc. CEO Pat Ryan announced today the promotion of longtime SouthWest Division President John Strittmatter to Chairman of the SouthWest Division. Strittmatter opened Ryan’s Phoenix office as its President in 1994 with just two employees. Today the company employs 125 in its Phoenix and San Diego offices and has been responsible for the construction and development…

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Weebly Opens North American Customer Operations Headquarters, Leasing 25,000 SF In Scottsdale Office Building

Weebly, a website creation service based in San Francisco, has signed a 25,000-square-foot office lease at the Galleria Corporate Centre, 4301 N. Scottsdale Rd. The office space will serve as the company’s North American customer operations headquarters to support its growing customer base. Weebly’s expansion to Scottsdale will have a significant impact on the city’s…

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Lee & Associates Negotiates $6 Million Deer Valley Self-Storage Condo Facility

A 120,000 SF portion of Premier Storage, a 218,748 SF self-storage condominium development located at 22230 N. Black Canyon Highway, has been sold for $6 million, or $50 per square foot. The 180 unit, value-add property was lender-owned. Nate Bubeck and Jerry Marrell of Lee & Associates Arizona represented the buyer, Premier Storage Holdings, LLC. Paul Timm of Trust Realty…

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