Stiles Property Fund and Prudential Real Estate Investors Acquire Trophy Class A Office Asset on Las Olas Boulevard in Downtown Fort Lauderdale

Fort Lauderdale-based Stiles and Prudential Real Estate Investors announced today the acquisition of 200 East Las Olas (also known as “New River Center” or the “Property”), a 20-story trophy Class A office tower located directly on Las Olas Boulevard in the heart of Fort Lauderdale’s bustling central business district. Developed by Stiles in 1990, this…

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Colliers International Completes Two Building Sales in Phoenix for a Combined $6.73 Million

Colliers International in Greater Phoenix recently completed two building sales with a combined total of $6.73 million for AZ Partsmaster, a supplier of home and property maintenance supplies. AZ Partsmaster of Phoenix purchased a design build facility at 7125 West Sherman Street in Phoenix for $4.9 million from Sun State Builders of Tempe. This transaction…

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Alliance Bank Publishes Photographic History of Arizona Commerce to Benefit Education

Alliance Bank of Arizona, the state’s largest headquartered bank, has published At Work in Arizona: The First 100 Years with proceeds going to 12 of the state’s most effective education-focused nonprofits, is available beginning today. Curated by Marilyn Szabo and written by Stuart Rosebrook, At Work in Arizona frames the story of Arizona’s economic history…

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Historic Welnick Bros. Marketplace in Downtown Phoenix Sold to Local Buyers; Property Slated for Future Urban-Infill Project

CBRE has completed the sale of Welnick Bros. Marketplace located at 345 W. Van Buren Street in Downtown Phoenix. The property, which has been earmarked for a future, urban-infill retail project, commanded a sale price of $930,000. Christoper Ackel and Pat Horan with CBRE’s Phoenix office negotiated the transaction on behalf of both buyer and…

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Colliers International Negotiates Two Leases for New Multi-Tenant Building at Crossroads Towne Center

Colliers International in Greater Phoenix recently negotiated two separate long-term leases for a restaurant and dental office at a multi-tenant retail building soon to be under construction at Crossroads Towne Center in Gilbert. Local shopping center owner, developer and manager, Vestar Development Company of Phoenix, is developing a 7,800-square-foot building at 3787 S. Gilbert Road.…

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Propak Logistics Signs 48,735-SF Lease at Estrella Business Park in Phoenix

CBRE has completed a 48,735-square-foot lease at Estrella Business Park located at 1010 S. 65th Avenue in Phoenix, Ariz. Propak Logistics, Inc. has leased the space marking the companies first location in metropolitan Phoenix and bringing the property to 100 percent leased. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office, along with…

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Rosalinda Apartments sells in Phoenix for $545K

Cooper, Cardinal and Company LLC, a boutique multi-family investment brokerage firm with headquarters in Phoenix, Arizona, recently closed the transaction for Rosalinda Apartments, a 9-unit turn-key multi-family community located in Phoenix, Arizona. The sale price of $545,000 equates to $60,556 per unit or $61.44 per square foot. Jack A. Cardinal, a Managing Director of the…

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VOIT REAL ESTATE SERVICES REPRESENTS DUAL DIAGNOSIS TREATMENT CENTER, LLC IN 10,654 SF OFFICE LEASE IN CHANDLER

Voit Real Estate Services, a leading full-service commercial real estate provider serving the Southwestern U.S. market, is pleased to announce the completion of a 10,654 square-foot office lease on behalf of Dual Diagnosis Treatment Center Inc. Mike Knapp, Senior Associate in Voit’s Phoenix office, represented the tenant in the transaction. “Dual Diagnosis is a multi-market…

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