IPA Arranges the Sale of Alta Park West for $30.05 Million

Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Alta Park West, a 260-unit, 252,643-square-foot luxury apartment community in Peoria, Ariz., a major suburb of Phoenix. The $30.05 million sales price equates to $115,500 per unit. IPA senior…

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CBRE Completes Sale of Two Office Condominiums at Fairways at Superstition Springs Village in Mesa, Ariz.

CBRE has completed the sale of two office condominiums at the Fairways at Superstition Springs Village located at 2500 S. Power Rd. in Mesa, Ariz. The units, which totaled 8,100 square feet, commanded a sale price of $955,000. Andrew Fosberg with CBRE’s Phoenix office negotiated the sale on behalf of the seller, Diego Rodriguez of…

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Liberty Property Trust Receives LEED® Silver Certification for the “Aetna Building” in Phoenix

 Liberty Property Trust today announced that it has received LEED Silver certification for its newly opened building at 4500 E. Cotton Center Blvd. in Phoenix. The 139,403 square foot Class A two-story office building was built in 2013 and is fully leased to Aetna.   “Liberty was eager to pursue LEED certification for 4500 E. Cotton…

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Arizona Commercial Advisors Completes Sale Of 14,140-Square-Foot Walgreens In Mesa

Patti Gentry, principal and designated broker of Arizona Commercial Advisors, along with Andrew Fosberg from CBRE, recently completed the sale of a 14,140-square-foot Walgreens located at 2737 E. McKellips Road in Mesa, Ariz. According to Gentry, she was referred to this seller by a colleague out of Beverly Hills, California. “I am pleased that we…

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Colliers International Completes Sale of 93,500 SF Industrial Building at Chandler Corporate Center

Colliers International in Greater Phoenix recently negotiated the sale of a 93,500-square-foot Class A industrial building at the Chandler Corporate Center for $6.39 million, or $70 a square foot. Desert Palm Management Group of Phoenix acquired the building and plans to hold the property for the long term. The seller was Pathfinder TRF. M. LLC…

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Discovery Triangle Launches Initiative to Bring Fruits, Vegetables to Underserved Areas on Retrofitted City Bus

The Discovery Triangle Development Corporation is launching a fresh food initiative that will bring a mobile produce market to underserved neighborhoods located in the Discovery Triangle. The “Fresh Express by Discovery Triangle” will sell fresh, affordable and high-quality fruits and vegetables out of a donated, retrofitted Valley Metro bus. A launch event was held on…

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Real Life Ministries Leases 14,000 SF at Foxfire Commerce Center in Surprise

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it has completed a 14,000 square foot lease for Real Life Ministries at Foxfire Commerce Center Phase II, 13128-13200 West Foxfire Drive in Surprise, AZ. Cassidy Turley Vice Presidents Louis G Finocchiaro, SIOR, and John Pompay with Cassidy Turley’s Industrial Group…

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Transwestern Adds Investment Services Expert Luke Lee As Vice President Of Capital Markets

Transwestern today announced the addition of investment services expert Luke Lee to its capital markets group. As a vice president based in Phoenix, Lee will offer investment services to institutional and private investors for the acquisition, disposition and recapitalization of commercial real estate assets. Specializing in the healthcare and office sectors, Lee will also provide…

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