DAUM Commercial Real Estate Services announced that it represented the buyer in the purchase of a two-story 27,000 sq. ft. office building situated on 6.3 acres of land located at 18185 N. 83rd Ave., Glendale, Ariz. The purchase price was $3,507,925 ($129.92/sq.ft.) Benjamin Johnson of DAUM’s Phoenix office represented AEK Property 7, LLC in the acquisition of…Details
- 8MM – Acquisition loan for a 177-unit fully rented mobile home park community in Williston, North Dakota.
- 1.5MM – Financing for multifamily portfolio in Phoenix, Arizona.
- 3.25MM – Acquisition and rehab loan for 60 multifamily units in Phoenix, Arizona.
Luke Donahue, senior director of NorthMarq Capital’s Phoenix office secured acquisition financing for a 19,884 SF Napa Auto Center located at 18705 E. Business Park Dr. The transaction was arranged for the borrower by NorthMarq through its relationship with a correspondent insurance company.
Going out to dinner in southern Scottsdale? Pretty soon, you may just be going to SkySong. SkySong, The ASU Scottsdale Innovation and its development team are now leasing a planned 10,500 square foot retail building to be built on the northeast corner of Scottsdale Road and SkySong Boulevard. The new retail building should attract new…Details
Vestar, a leading privately held real estate company in the western United States that acquires and manages retail and entertainment destinations that serve as community focal points, is proud to announce a new addition to its executive team. Clint Marchuk, Vice President of Acquisitions, is responsible for the identification, evaluation and consummation of shopping center…Details
Cushman & Wakefield of Arizona, Inc. helped negotiate the lease of DM Nutraceuticals into a 33,624-square-foot, multi-tenant warehouse at the Normal Junction Tempe distribution center, 1895 S. Los Feliz Drive. DM Nutraceuticals, a manufacturer of nutritional supplements, signed a long-term lease and recently relocated. The 51,730 SF warehouse is now 100 percent occupied. “This transaction…Details
Cassidy Turley, a leading commercial real estate services provider in the U.S., announced it has completed an 18,611 square foot ground lease for Bonefish Grill, LLC, at Paradise Valley Mall Village Fair North located on Cactus Road and Tatum Boulevard in Phoenix. Cassidy Turley…Details
Healthcare Trust of America, Inc. (NYSE:HTA), announced the appointment of Steve W. Patterson, the current Athletic Director of the University of Texas at Austin, to its Board of Directors. The Board has determined that Mr. Patterson qualifies as an independent director under the applicable NYSE and SEC requirements. With the appointment of Mr. Patterson, HTA’s…Details
McMillan Commercial Real Estate, a leading Arizona commercial real estate firm exclusively representing tenants and corporate space users, announced today that they have entered into an agreement to merge with Keyser to lead the firm’s growing Educational Practice Group. “I am very pleased to be able to announce this merger,” stated Andy McMillan, CEO of…Details
Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 25,002 square feet for Service Partners Supply, LLC at Pioneer Packaging Center, 2440 South 8th Place, Phoenix, AZ. Senior Vice President Bruce Calfee and Vice President Josh Wyss of Cassidy Turley’s Industrial Group represented the landlord,…Details
Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the U.S., has announced that Flower Child, a farm-fresh fast-casual restaurant, has opened at the firm’s Camelback Village shopping center in Phoenix. According to Randy Banchik, executive vice president of Westwood Financial Corp., the concept that was developed by…Details
Craig Coppola, Principal at Lee & Associates, attended the Counselors of Real Estate Annual Convention last year and offers a few takeaways from the event that offer guidance and suggestions for real estate professionals going forward: –Seek to manage and mitigate risk, not eliminate risk. –Avoid the tyranny of the averages –Be local. Do not just…Details
Forever Nutraceutical, LLC, a supplement products supplier has paid $1.82 million for a 38,500 SF manufacturing facility at 4250 E. Broadway Rd. in Phoenix, just one block from their current production facility. Lee & Associates Principal Ken McQueen negotiated on behalf of Forever Nutraceutical. The seller, Sorenson Group Management of Salt Lake City, UT was represented by Newmark Grubb Knight…Details
Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of 22,112 SF of office space at Brookwood Commerce Centre located at 4425 West Olive Avenue in Glendale, Arizona. Eric Butler of CPI’s Scottsdale Office represented the landlord, 4425 W Olive Ave LLC, in this transaction. Brookwood Commerce…Details
Without further delay it is finally here. Valley real estate entrepreneur Michael Pollack, of Pollack Investments, will make his national television debut on Tuesday night, April 29th when he appears on an episode of A&E’s Barry’d Treasure. Pollack’s love of collecting rare memorabilia has spanned more than 40 years. From his sought after Frank Polk…Details