CBRE Multi-Housing Private Capital Group Negotiates Sale of Missouri Breaks Apartment Complex in Phoenix, Ariz.

CBRE has negotiated the following multi-family sales transaction. EQ Missouri 51, LLC of Tempe, Ariz. has purchased the Missouri Breaks apartment complex, a 52-unit multi-family property located at 1637 E. Missouri Ave. in Phoenix, from 1637 E. Missouri Avenue, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating the $2.1…

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113,880 SF Industrial Showroom Project to Break Ground in May in Deer Valley

The 17/Union Hills Business Center, a two-building, 113,880 SF industrial and showroom project is expected to break ground in May 2014 at 2350-2400 West Union Hills Drive in Phoenix. The multi-tenant project consisting of 61,320 SF and 52,560 SF buildings will feature 24’ clear height, dock and grade level loading, ESFR fi re protection and fenced truck courts. Space…

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Land Advisors Organization’s Recent Closed Deals

POMEGRANATE FARMS | Marana, Arizona   Offering: 580 acres Location: South of Ryan Field and State Highway 86 (Ajo Way), Marana, Arizona Sales Price: $4,200,000 Seller: IMH Special Asset NT 140 Buyer: Pomerol Land II Agents: Will White, Greg Vogel WALDRON FARMS AT SOUTH MOUNTAIN | Phoenix, Arizona   Offering: ±43.5 acres Location: S/SEC Southern Avenue and 24th Street, Phoenix, Arizona Sales Price: $4,065,500 Seller: Waldron’s…

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Alliance Residential Continues To Earn Industry Accolades For Growth As A Top Multifamily Owner/Manager

Alliance Residential was recently named to the National Multi Housing Council’s (NMHC) 2014 NMHC 50 list of the nation’s largest apartment owners and managers.   Moving up a spot from last year’s NMHC 50 ranking, Alliance is the 9th largest apartment management company in the nation with more than 71,000 units. Now in its 25th year, the…

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NorthMarq Capital Negotiates $3.2 Million Acquisition of Calle Central Apartments in Phoenix, Ariz.

John M. Stewart, senior vice president and Dan Zale, investment analyst of NorthMarq Capital’s Denver based regional office secured the $3.2 million acquisition of Calle Central Apartments, a 128-unit multifamily property located at 8818 South Central Avenue, Phoenix, Ariz. The transaction was structured with a 3-year term and 20 year amortization schedule and was arranged…

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Jewelry Design Firm Takes 30,500 SF of Flex Space in Scottsdale Airpark

South Hill Design Corp., a jewelry design and marketing fi rm has leased 30,500 SF of fl ex industrial space on a 5-year term at 7400 E. Tierra Buena Ln., Scottsdale. The landlord, Hewson Development Corp. and GH Scottsdale I was represented by Mark Linsalata, Principal with Lee & Associates. John Quatrini with Shell Commercial secured the tenant. The newly…

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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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