CBRE to Market Class A, Spec Office Space at USA Place in Tempe, Ariz.

CBRE has been awarded the marketing assignment for the ±240,000 SF office portion of USA Place, the ±1.4 million-square-foot, mixed-used project being developed by a joint venture between Concord Eastridge, Future Cities and Harris Sports & Entertainment. The multi-block development project will be located at the southeast corner of University Drive and Mill Avenue in…

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De Rito Partners, Inc. Releases Recent Commercial Transactions

Audiology Distribution opening second Valley location Audiology Distribution, a subsidiary of Siemens AG, signed a lease to open their second Valley location at 1246 Greenfield Road in Mesa, Arizona. Arch Jeffery of De Rito Partners represented the landlord in completing the deal for a 1,176-square-foot space. Greystone Title relocating in Chandler De Rito Partners’ agent…

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CBRE’s Cooper Fratt Appointed to Discovery Triangle Development Corporation Board of Directors

CBRE has announced that Associate Cooper Fratt has been appointed to the Board of the Discovery Triangle Development Corporation (DTDC). The DTDC deploys its expertise redevelopment in the Discovery Triangle, an asset-rich urban region between Phoenix, Tempe and Papago Park. “I am honored to represent CBRE on the Discovery Triangle Development Corporation Board. As a…

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CBRE Completes 14,000-Square-Foot Office Lease at Tempe Tech Center in Tempe, Ariz.

CBRE has negotiated a 14,000-square-foot lease at the Tempe Tech Center in Tempe, Ariz. The office space, located at 1401 S. 52nd St., will serve as a bilingual customer care center for CLEAResult’s CustomerLink operations. Jamie Swirtz with CBRE’s Phoenix office represented the tenant, an Austin, Texas-based company that designs, markets and implements energy efficiency…

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CBRE Multi-Housing Private Capital Group Completes Sales Totaling $3.25 Million in Metro-Phoenix

CBRE has negotiated two multi-family transactions totaling $3.25 million. Brian Smuckler and Jeff Seaman with CBRE Phoenix’s Multi-Housing Private Capital Group represented both parties in each transaction. Casa Monte Vista Casa Monte, LLLP of Vancouver, British Columbia, Canada has purchased Casa Monte Vista, a 45-unit property located at 120 W. Dobbins Rd. in Phoenix, from…

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BH Properties Adds Fourth Retail Property to Arizona Portfolio

BH Properties, in a move consistent with its renewed Southwest strategy, has acquired its fourth retail property in Arizona, adding to its expanding portfolio.  The Los Angeles based firm, which specializes in purchasing challenged and distressed real estate properties quickly, has purchased Ross Plaza, located in the bustling submarket of North Phoenix, for $3 million.…

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Ross Brown Partners, Inc. Brokers Scottsdale Office Sale as CarVal Investors Re-Enters Market

Scottsdale based Ross Brown Partners, Inc. arranged the $50 million sale of two premier Class A office buildings within Scottsdale’s Pima Center. The buyer was CV MainSpring Pima, LLC , a venture between CarVal Investors & Scottsdale based MainSpring Capital Group. Located at 9000 and 9200 E Pima Center Parkway, the two nearly identical 3…

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Artemis Realty Capital Funds $7.025 Million On Two Stabilized Multi-Family Properties In The Southwestern United States

Artemis Realty Capital, LLC (“Artemis”) announced today it has closed 2 transactions totaling $7.025 million on two stabilized multifamily properties in Bullhead City, Ariz. and Las Vegas, Nev.  With the closing of these two loans, Artemis has successfully funded over 5,100 value add multifamily units in the Southwestern United States within the past 30 months.  Transactions…

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DPC Development Company Completes $6 Million Acquisition of Cotton Corporate Center III

DPC Development Company (DPC) recently completed the acquisition of Cotton Corporate Center III at 4720 E. Cotton Gin Loop in Phoenix, Ariz.  Cotton Corporate Center III is a Class “A” Silver LEED® Certified project located within the 280 acre master-planned Cotton Center business park.  The property was purchased from Buchanan Street Partners a real estate…

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Ensemble Real Estate Solutions Closes 2013 with $58.5 Million in New Leases

Ensemble Real Estate Solutions maintained a steady pace in leasing activity for 2013, securing $58.5 million in new leasing deals from 207 medical office transactions, totaling approximately 620,000 square feet.   Ensemble also brokered seven sales transactions with a total value of $7.8 million.  “We are proud of our team’s accomplishment in 2013,” stated Bill…

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Marcus & Millichap Arranges the Sale of a 4,402-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Circle K, a 4,402-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,592,593. Jamie Medress and Mark Ruble, investment specialists in…

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