Sperry Van Ness Advisors Start 2014 Strong with These Recent Leasing and Sales Transactions

RETAIL:Michael Gaida represented the landlord to lease a 1,862 SF former Valvoline Oil Center to tire dealer Llantera El Maripeno at Alma School Plaza, located at 753 S. Alma School Road in Mesa. Gaida also represented the tenant in the transaction. Mary Ridberg and Rommie Mojahed represented the landlord at Union Hills Square to lease…


Cassidy Turley Completes $1.375 Million Office Condo Sale at Riverside Office Plaza II

Cassidy Turley announced that it successfully sold 13,419-square-feet, consisting of three office condos, at Riverside Office Plaza II, 1255 West Rio Salado Parkway in Tempe. FP Real Estate Holding, LLC dba Sonoran Spine Center (Phoenix, AZ) purchased the property for $1,375,447 ($102.49/psf) from Southwest Value Partners (Phoenix, AZ). Executive Managing Director Jeffery Wentworth and Vice…


CBRE Multi-Housing Private Capital Group Negotiates Sale of Setting Sun Apartment

CBRE has negotiated the following multi-family sales transaction: Eightysun, LLLP of Vancouver, BC, Canada has purchased the Setting Sun apartment complex, a 28-unit multi-family property located at 6923 N. 80th Ave. in Glendale, Ariz., from Poway, Calif.-based seller Dramms LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating the $870,000 transaction. 

Timberline Place Condominiums in Flagstaff Sells for $11.825 Million

Cassidy Turley sold 102 Class A units at the Timberline Place condominium community located in Flagstaff, Arizona.  Clear Sky Timberline LP, an entity formed by Clear Sky Capital (Marcus Kurschat), a Phoenix based company purchased the property for $11,825,000 / $115,931 per unit.  Executive Managing Directors David Fogler and Steven Nicoluzakis, with Cassidy Turley Arizona’s Multi-Family…


Marcus & Millichap Arranges The Sale of a 17,955-Square Foot Retail Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sierra Crossings, a 17,955-square foot retail property located in Scottsdale, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5.5 million. Mark Ruble and Jamie Medress, investment specialists…