CALCAP Advisors Acquires 358 Units In Two Distressed Multifamily Transactions

CALCAP Advisors is announcing that it has purchased its first apartment community in Nevada, followed shortly thereafter by the purchase of its thirteenth apartment community in Arizona, to combine for a total of 358 units acquired in the month of May. Pecos Pointe Apartments, a 160-unit property in Las Vegas, was purchased for $6,000,000 ($37,500 per unit/$41.72 per square…

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Council of Better Business Bureaus Presents Goodmans Interior Structures with International Ethics Award

Selected for exhibiting outstanding ethical practices, the Council of Better Business Bureaus is presenting Goodmans Interior Structures with its 2014 BBB International Torch Award for Ethics. Goodmans will celebrate its honor at a June 24 special luncheon ceremony during the first annual BBB Self-­‐Regulation Conference at the Ronald Reagan Building and International Trade Center in…

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Cushman & Wakefield Negotiates Two Leases Totalling 24,486 Sf At Scottsdale Office Building

Cushman & Wakefield of Arizona, Inc. negotiated leases totaling 24,486 square feet for a commercial real estate advisory firm and a medical  care company at 4141 N. Scottsdale Rd.  Fresenius Medical Care of Waltham, Mass., signed a 12-year lease for 15,317 square feet. Fresenius provides dialysis treatment through a network of more than 1,800 facilities…

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Oregon Based Investment Firm Purchases Chandler Multi-Family Community for $33.3M

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Pinnacle Queen Creek, a Class “A” apartment community located at 800 W. Queen Creek Road. Oregon Pacific Investment and Development Company purchased the 252 unit garden style apartment community for $33.3 million ($132,143 per unit). The seller was Pinnacle…

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Colliers International Completes $5.8 Million Sale of Flex Industrial Buildings in Mesa

Colliers International in Greater Phoenix recently completed the sale of three showroom/flex industrial buildings in Mesa, Ariz. for $5.8 million, or $61.03 a square foot. Tucson-based Holualoa Companies purchased the buildings, located at the Superstition Springs Commerce Center, from AEW Capital Management of Boston, Mass. Rob Martensen, SIOR, CCIM, vice president of Colliers, served as…

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Commercial Properties Inc. Announces The Sale Of A 62,413 Sf Industrial Manufacturing Building In Gilbert

  Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 62,413 SF industrial property located at 900 North Fiesta Blvd., in Gilbert Arizona. Jim Stockwell of CPI’s of Tempe Office represented Rhodes Family Trust in this transaction. The reinforced concrete building was built in 1999…

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Lending Firm Prosper Marketplace Expands Into Phoenix with Office at Airport Tech Center

  Cushman & Wakefield of Arizona, Inc. negotiated a 17,998-square-foot lease for Prosper Marketplace, a peer-to-peer lending company that opened a new office at Airport Tech Center, 4127 E. Van Buren St. It is the first office outside the company’s San Francisco headquarters. The Prosper platform connects people who want to borrow money with people…

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CBRE Completes $44.15 Million Sale of Two Premier Class A Office Buildings Totaling ±223,131 SF in Scottsdale

CBRE has negotiated the sale of two premier class A office buildings in the Phoenix metro area for a total consideration of $44.15 million. The sale included the ±106,931-square-foot Scottsdale Gateway I, located at 9201 E. Mountain View Rd. in Scottsdale, and the ±116,200-square-foot 92 Mountain View, located at 10001 N. 92nd St. in Scottsdale.…

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Heart and Vascular Center of Arizona Purchases Talavi Business Park for $2.3M

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the $2.3 million ($98.12/psf) sale of Talavi Business Park, a Class B office development at 5810 West Beverly Lane in the Glendale Submarket. Ironwood Glendale, LLC purchased the property for from California-based Coneen Family Trust. Executive Managing Director Eric Wichterman and Senior…

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