CBRE Arranges $16.8 Million to Finance Crestone at Shadow Mountain Apartments in Phoenix, Arizona

CBRE’s Capital Markets group announced today that it has secured financing on behalf of Real Estate Capital Partners (“RECP”) for the financing of Crestone at Shadow Mountain Apartments (“Crestone”). Brian Eisendrath with CBRE’s Debt and Structured Finance team arranged a 5-year, full term interest only fixed rate loan of $16,811,000 (60% LTC), which was locked…

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American Realty Capital Properties Announces Monthly Common Stock and Series F Preferred Stock Dividends for June 2014

NEW YORK, May 22, 2014  —  American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) announced today that, pursuant to the prior authorization of its board of directors, ARCP has declared an annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at the close of business on the…

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Commercial Properties Inc., Announces the Sale of a 26,010 SF Industrial Property In Scottsdale, Ariz.

 Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 26,010 SF industrial property located at 7830 East Redfield Road in Scottsdale, Arizona.  Bob Deininger and Craig Trbovich of CPI’s Scottsdale Office represented the buyer, DRD Properties, LLC, in this transaction.  Airport Business Center was built…

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LGE Design Build Breaks Ground On New Lolo’s Chicken And Waffles Location In Scottsdale

An iconic Valley restaurant has turned to a venerable area design build contractor to complete its new ground-up restaurant project in Scottsdale. LGE Design Build, the Valley’s premier design  build contractor for the pas two decades, has been tabbed to build the new location for Lolo’s Chicken and Waffles, the soul food restaurant that has…

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Leasing & Sales Activity Picks up in the 2nd Quarter for Sperry Van Ness Advisors

RETAIL LEASES:Rommie Mojahed and Mary Ridberg represented the landlord at Cobblestone Fiesta, located at 21542 N. John Wayne Parkway in Maricopa, to lease 1,539 SF of retail space to Empowered Athletics. This was the last available space at this shopping center. Peter McQuaid, Greg Vanlerberghe and Erin Schrauth represented Boost Mobile to lease 900 SF…

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Hayden Station in Tempe Sold for $26.5 Million

Cassidy Turley announced that Mill Avenue Office, L.L.C. (owned by Bob Parsons) has acquired Hayden Station, a 107,508 square foot(sf), mixed-use office and retail property located on the southwest corner of Mill Avenue and 3rd Street, for $26.5 million ($246.49 per square foot). The seller was Tucson, Arizona-based Holualoa Companies. Senior Managing Directors Bob Buckley, Tracy…

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NAI Horizon Sells Islands Village Shopping Center in Gilbert for $7.5M: The Evolution of the Local CMBS Market

The Islands Village Shopping Center, located at 1422-1560 W. Warner Rd in Gilbert, Arizona just sold for $7.5M or $72.75 per square foot.  The 103,082 square foot retail anchored center is a multi-tenant property located at the heavily travelled intersection of Warner & McQueen. Gilbert is the fastest growing community in Arizona.  Voted 2nd Safest…

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CBRE Completes Sale of Coldwater Plaza in Avondale, Ariz.

CBRE has completed the sale of Coldwater Plaza located at 1461 North Dysart Rd. in Avondale, Ariz. The ±10,017-square-foot shopping center commanded a sale price of $2.085 million. Joseph Compagno, Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office represented the seller, a partnership between Denver, Colo.-based North Dysart SG, LLC and Scottsdale-based Coldwater Dysart…

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Plaza Companies To Provide Leasing Services for Part of Significant Health Center in West Valley

The epicenter for healthcare in the West Valley is getting even bigger, and busier. Plaza Companies has been selected to provide leasing services for a significant medical office property owned by Archway Holdings Corp. Plaza will lease Estrella Health Center, their impressive 80,000 square-foot medical office building located at 9250 W. Thomas Road in Phoenix.…

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