MARCUS & MILLICHAP ARRANGES THE SALE OF A 40-UNIT APARTMENT BUILDING

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 Kelso Vista, a 40-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,700,000. Hamid Panahi, James…

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Ninth Annual Ryan House Community Breakfast, Featuring NCAA Champion Anthony Robles, Grosses over $500,000 and Celebrates Record Breaking Attendance

Nearly 1,500 guests attended Ryan House’s 9th Annual Community Breakfast on Friday, March 31 at the Arizona Biltmore Resort, which featured motivational speaker and NCAA Champion, Anthony Robles. The event raised over $500,000 that will directly support the nonprofit organization which relies 100 percent on community donations and cares for Arizona’s most medically fragile children…

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SkySong, The ASU Scottsdale Innovation Center Receives Two Best of NAIOP Awards — “Academy Awards” in the Commercial Real Estate Industry

SkySong, The ASU Scottsdale Innovation Center recently received two prestigious awards from the National Association of Industrial and Office Properties, Arizona Chapter (NAIOP) — Economic Impact Project Of The Year and Spec Office Project Of The Year for 2016.   The Best of NAIOP event is dubbed the “Academy Awards” for the commercial real estate…

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Estrella by Newland Communities Hires New Marketing Director

Newland Communities, a real estate development company with a national presence in 14 states, has hired Sarah Barr as Marketing Director for its master-planned community, Estrella. In this role, Barr is responsible for strategic marketing planning and execution for the West Valley community, including the development and preservation of the Estrella community brand. Additional duties…

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CONSTRUCTION ASSOCIATION UNVEILS STEPS TO IMPROVE WORKER SAFETY AS 239 OUT OF 358 METRO AREAS ADD CONSTRUCTION JOBS DURING PAST 12 MONTHS

The Associated General Contractors of America unveiled a new study designed to improve the safety of construction workers as it announced that two-thirds of metro areas added construction jobs during the past 12 months. Association officials said the new safety study is designed to help construction firms prevent workplace fatalities and injuries. “We all share…

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Three Walker & Dunlop Originators Honored as Rainmakers of the Year by Real Estate Forum

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that Brandon Harrington, Matt Steffen, and Alex Inman have been named Rainmakers of the year by Real Estate Forum magazine. Together, Brandon, Matt, and Alex closed 79 transactions totaling over $942 million in 2016. Senior Vice President and Chief Production Officer of the western region,…

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JLL Sells 1.3 Acres in Downtown Phoenix for Planned High-Rise Residential Project

The Phoenix office of JLL has completed the sale of just over 1.3 acres in the heart of downtown Phoenix. The buyer plans to use the land for a yet-to-be-named residential high-rise development project, in a sector of downtown that is thriving with rent, employment and population growth. JLL Executive Vice Presidents John Cunningham and Charles Steele represented the property owner,…

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AIM Brokerage Services Negotiates $8M in Multifamily Transactions

AIM Brokerage Services, the brokerage division of Arizona Investment & Management Professional Real Estate Services, closed three investment sale transactions totaling $8,075,000 in Phoenix multi-family apartment projects. The transactions included brokering the sale of Solano Park (5350 N 17th Ave.) and The Estates (310 W. Medlock Dr.) and representing buyers in the purchase of MODE@Arcadia…

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CONSTRUCTION SPENDING INCREASES IN FEBRUARY AS PRIVATE RESIDENTIAL AND PUBLIC-SECTOR INVESTMENTS OFFSET MODEST PRIVATE NONRESIDENTIAL DECLINE

Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America. Association officials said the February data indicates the need for Congress and the Trump administration…

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ABA’s Leadership Development Forum Completes Community Project at Rehoboth Children’s Learning Center

The Arizona Builders Alliance’s (ABA) Leadership Development Forum (LDF) has completed more than $55,000 worth of significant upgrades to Rehoboth Children’s Learning Center in Phoenix, the 2016 LDF community service project recipient. Rehoboth provides affordable childcare to low income families.     Work on the project began in late May 2016. The LDF replaced exterior…

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VESTIS GROUP COMPLETES BILTMORE PHOENIX APARTMENTS SALE FOR $140,000 PER UNIT

Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 21st Street Apartments, an 11-unit apartment community located at 4120 North 21st Street, in the Biltmore-area of East Phoenix for $1,540,000 or $140,000 per unit. “MODE Biltmore @ 21st Street is located near Biltmore neighborhood restaurants, coffee shops,…

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Greater Scottsdale Airpark Report Forecasts Shift to Live/Work/Play

Jim Keeley, SIOR, CCIM, founding partner of Colliers International’s Scottsdale office, released his annual Greater Scottsdale Airpark 2030 Report for the year ending December 2016.  The 2030 Report was first published in 1989 as the 2010 Report and provides a current and historical perspective on economic activity, growth and trends for the Greater Scottsdale Airpark…

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