Whitestone REIT Acquires Heritage Trace Plaza in Ft. Worth Texas for $20.1M

Whitestone REIT a fully integrated real estate company that owns, operates and redevelops Community Center Properties announced today the acquisition of Whitestone’s first Fort Worth, Texas-area property, Heritage Trace Plaza, a 98 percent leased, family-focused property with 70,431 square feet of leasable area anchored by Texas Health Resources. Class “A” Heritage Trace Plaza is located…

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VP Sets Next Breakfast, ‘Making a Federal Case: Regulations and Their Impact on Real Estate Development’

Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, July 18. This month’s program will feature an update from Washington as U.S. Reps. Krysten Sinema and Matt Salmon candidly discuss the laws, rules, regulations and policies that impact the ability to develop real estate in Arizona. The discussion will be moderated by…

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Pacific Realty Advisors to Build 206K Spec Industrial Project in Mesa

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Pacific Realty Advisors (Kenn Francis and Tod Thorpe, Scottsdale, AZ) will break ground this year on an approximately 211,505-square-foot, two-building industrial project on the northwest corner of Broadway and Dobson roads in Mesa. Cassidy Turley’s Mike Haenel, Andy Markham, SIOR and…

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540 Acres of Land in the Tortolita Mountains Near Tucson, Arizona to Be Auctioned Off on Micoley.com

In one of the fastest-growing towns  in the entire state of Arizona, Marana, are 540 acres (five parcels) of development land in the Tortolita Mountains, scheduled for online auction August 23 on micoley.com. The area, which is just northwest of Tucson in Fresnal Canyon, is a prime piece of territory for developers looking to add…

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Kieckhefer Properties Celebrates Ground Breaking at Chandler 202

Kieckhefer Properties General Manager Bill Woodruff and Assistant General Manager Nick Woodruff were joined by a group of Chandler city officials including Vice Mayor Rick Heumann, Councilmembers Nora Ellen, Kevin Hartke, Jack Sellers and Jeff Weninger and Willmeng Construction President James Murphy to break ground at Chandler 202 on June 25. The approximately 140,000-square-foot Class…

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Buchanan Street Partners Acquires Stapley Corporate Center In Phoenix for $32.5M

Buchanan Street Partners, a Newport Beach-based real estate investor, has acquired Stapley Corporate Center, a two-building, Class A office property located at 1840 and 1910 South Stapley Drive in Mesa. The acquisition reflects Buchanan Street’s continued investment strategy in the Phoenix area, a market where the firm has been an active buyer of commercial and…

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Andy Kroot Announces Denny’s to Expand Into the northwest corner of I-17 and Dunlap Ave Joining Winco Foods and Conns Electronics

Andy Kroot with Velocity Retail Group announces Denny’s has signed a lease at the northwest corner of I-17 and Dunlap Avenue (9030 N. Black Canyon Highway Phoenix, AZ). The Denny’s franchisee plans to remodel its restaurant with the signing of the new lease extension 5,695 square feet  in conjunction with the opening of Winco Foods and Conns Electronics. “We are pleased…

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$26M Multifamily Sale Arranged in Greater Phoenix by IPA

Institutional Property Advisors, a brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Adobe Ridge, a 224-unit apartment complex in Glendale, Ariz. The $26,050,000 sales price equates to $116,000 per unit. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David…

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