Vestis Group is pleased to announce that Brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of Pasadena Apartments, a 9-unit multifamily community located at 302 West Pasadena Avenue, in central Phoenix, Arizona for $650,000 or $72,222 per unit. Pasadena Apartments is a garden-style, one-story, multifamily community located in the trendy Medlock…Details
COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±8,252 SF RETAIL BUILDING IN CHANDLER, ARIZ.
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 3110 N Arizona Avenue in Chandler, Arizona. Tom Semancik of CPI’s Tempe Retail Investment Group represented the seller, Holmes/cc LLC. Occupied by Pacific Seafood Buffet, the ±8,252 SF restaurant is located just north of Elliot Road with…Details
Vestis Group is pleased to announce that Brokers Natan Jacobs, Les Litwin and Chad Barber have completed the sale of Loma Linda Garden Apartments, a 26-unit multifamily community located at 2104-2122 East Fairmount Avenue, in the trendy Loma Linda Neighborhood in the Biltmore-area of Phoenix, Arizona for $1,500,000 / $57,692 per unit. “The buyer is…Details
DTZ, a global leader in commercial real estate services, announced today that ABM (NYSE: ABM) leased 25,639 square feet at 2631 S. Roosevelt Street in Tempe, AZ. The Fortune 500 company consolidated three offices in metro Phoenix into the Roosevelt location. DTZ Vice President Marc Tuite and Associate Vice President Scott Isacksen and Houston-based Fritsche…Details
CBRE has negotiated the sale of Kierland II located at 16260 N 71st Street in Scottsdale, Ariz. The 237,875-square-foot office building commanded a sale price of $49.15 million. The property was approximately 80 percent leased at time of sale. Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the transaction. The seller was The…Details
Congratulations to Jim Pederson II, the loving father & Jim Pederson I, the proud grandfather, on the birth of
James Pederson III!
The ViaWest Group announced today that Native Grill & Wings has signed a 10-year lease for approximately 5,825 SF of office/test kitchen space in the 6825 W. Galveston street building in Chandler. The project, referred to as Galveston Tech, is comprised of one Class-A flex-office building totaling 74,525 SF and with this transaction and other…Details
ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of the Montebello Apartments located in North Central Phoenix for $1,150,000, which reflects a price of just over $67,600 per unit. Constructed in 1964, the property is located just north of Phoenix’s Historic Districts along Central Avenue. The low…Details
Cushman & Wakefield of Arizona, Inc. completed the $1,557,000 million sale of an industrial property at 3025 W. Weldon Ave. The 23,500 square-foot building is situated on approximately three acres of land and was constructed in 1966. Talus Development Corporation, a Phoenix-based telecommunications and utility contracting firm purchased the building. Talus Development was in the…Details
Colliers International in Greater Phoenix has launched a strategic partnership with the IT design and architectural firm, GlassFire, Inc., to provide comprehensive converged data center solutions for clients with mission critical or new data center requirements. With the global data center construction market expected to boom from $14.6 billion in 2014 to $22.7 billion by…Details
Cushman & Wakefield of Arizona, Inc. completed the $4,975,000 sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet ($51.95 PSF). The property, which includes nine buildings, currently boasts 93 percent occupancy. Terra Vista Investments USA of Vancouver, Canada…Details
TRAMMELL CROW COMPANY AND PRUDENTIAL REAL ESTATE INVESTORS ANNOUNCE NEW OFFICE CAMPUS IN CHANDLER, ARIZ.
Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, and Prudential Real Estate Investors today announced an agreement to form a joint venture to develop a Class A, speculative office campus featuring two, two-story buildings totaling 210,000 square feet in Chandler, Ariz. PREI, among the world’s largest real estate…Details
Colliers International in Greater Phoenix recently completed the sale of the 472-unit Midtown on Main Apartments, a transit-oriented, Class B complex in Mesa for $34.95 million, or $74,047 per unit. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines (DFA/BH Midtown LLC of Houston, Texas) purchased the complex, located at 2121…Details
Whitestone REIT Announces Strategic Acquisitions of Two Value-Add Highly Visible Hard Corners at Two Existing Phoenix Properties
Whitestone REIT (NYSE:WSR) (“Whitestone”), announced today that it has completed two strategic acquisitions of hard corners at its Village Square at Dana Park and Fulton Ranch-Towne Center Properties in the Phoenix market. Prior to purchase, the hard corners adjoining Whitestone’s Village Square at Dana Park and Fulton Ranch-Towne Center, which were acquired in 2012 and…Details
DTZ, a global leader in commercial real estate services, announced today that the Arizona Department of Child Safety (DCS) leased 27,340 square feet at One MacDonald Center, 1 N. MacDonald Drive in Mesa, Ariz. DTZ Associate Vice Presidents Gregg Sherman and Scott Isacksen represented the landlord, Omniment MacDonald, LP, during the lease negotiations. DCS represented…Details