Newmark Grubb Knight Frank Completes $1.8 Million Industrial Sale

    Newmark Grubb Knight Frank (NGKF) negotiated the $1.8 million sale of 4250 East Broadway Rd, a 38,000 square-foot Industrial building, in Phoenix, AZ. Rob Stephens, Managing Director and Tricia Gumulka, Associate Director with NGKF’s Phoenix office represented the seller, Sorenson Group Management. The buyer, Forever Nutraceuticals, a worldwide distributor of vitamins was represented…

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Cushman & Wakefield Reports Record Revenue

2013 Gross Revenue of $2.5 Billion Increased 21.9% Adjusted Net Income Increased 60.4% Cushman & Wakefield, the world’s largest privately held commercial real estate services firm, today reported gross revenue increased 21.9% to a record $2,498.6 million for the year ended December 31, 2013, compared with $2,050.1 million a year ago. Adjusted income attributable to…

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The Leona Group Leases 15,054 SF at Catalina Terraces in Phoenix

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 15,054 square feet for locally based The Leona Group Arizona, LLC at Catalina Terraces, 7878 North 16th Street in Phoenix. Cassidy Turley Vice President Justin Himelstein represented the tenant, while Phil Breidenback, Keith Lambeth, Lindsey Carlson…

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Cutler Commercial Sells Home of Universal Technical Institute for $6.3 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the successful sale of a ±58,120-square-foot Class B flex, office-industrial project at 2844 West Deer Valley Road and 2837 West Louise Drive in Phoenix’s Deer Valley Submarket. California-based Hyperion Fund L.P purchased the property for $6.3 million ($108.40/psf) from locally based City…

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Trammell Crow Company Announces Industrial Development In Gilbert

Trammell Crow Company (TCC), one of the nation’s leading developers and investors in commercial real estate, and partner, Artis REIT, a real estate investment trust investing in office, industrial and retail properties, will develop a Class A, multi-phase industrial park featuring six buildings totaling 618,000 square feet in Gilbert, AZ. The project, known as “Park…

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Andrina Shields Joins Phoenix Multifamily Team

Transwestern has announced that Andrina Shields has joined the Phoenix office as vice president, specializing in the disposition of multifamily properties. With more than 25 years of industry experience, Andrina is an expert in multifamily operations and revitalizing troubled assets. She most recently served as vice president at Heers Management, with direct oversight of the…

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NorthMarq Capital Finalizes $6.5 Million Financing for Scottsdale Atrium Professional Building

Shari Stults, vice president of NorthMarq Capital’s Phoenix regional office arranged the $6.5 million refinance of Scottsdale Atrium Professional Building, a 71,516 sq.ft. office building located at 14300 N. Northsight Boulevard., Scottsdale, Ariz. The transaction was structured with a 10-year term and was arranged for the borrower by NorthMarq through its relationship with correspondent life…

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Ensemble Real Estate Solutions completes $2.4 million sale of Camino Del Sol Dental Plaza

Ensemble has negotiated the $2.4 million sale of Camino Del Sol Dental Plaza, an 8,395 square-foot medical office building located at 13802 W Camino Del Sol in Sun City West, Ariz. Tracy Altemus, Marina Hammersmith and Autumn Storm of Ensemble’s Phoenix office represented the seller in the transaction. The seller was Camino Del Sol One,…

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Marcus & Millichap Arranges The Sale Of A 13,451-Square-Foot Industrial 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 Airpark Square Buildings 9 and 10, a 13,451-square-foot industrial property located in Scottsdale, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for…

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