Bella Gardens Apartments in West Phoenix Sell for $8.5 Million

The Bella Gardens community at 2634 N. 51st Ave. has been sold to a local investor for $8.5 million.  The 11-building property is the first Arizona investment for Supertiger Phoenix Property, LLC. “This community is in excellent condition, yet offers unique opportunities for capital improvement and rent growth,” says Trevor Koskovich, executive vice president of…

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Topping out of Optima Kierland condominium tower signals new era in luxury high-rise living

The last concrete beam has been placed atop 7120 OptimaKierland, signaling the culmination of this phase of construction and the beginning of a new era of luxury, high-rise condominium living in North Scottsdale. Optima Kierland’s structure is now complete with more than 60 percent of the homes in the first condominium tower now sold. Move-ins…

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Fidelity National Title Assistant Vice President Leo Sanchez completes W.P. Carey School of Business MRED program

Fidelity National Title Agency is proud to announce that Leo Sanchez, Assistant Vice President, Commercial Sales Executive/Major Accounts, successfully completed the prestigious Arizona State University W.P. Carey School of Business Master of Real Estate Development Program. Sanchez, who has been with Fidelity Title for two years, is responsible for maintaining client relationships, account management, and…

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Evergreen Development Completes Sale of Retail Property in San Dimas, California

Evergreen Development Company, with offices in California, Arizona, Colorado and Utah, announced today that it has completed the sale of its restaurant-focused retail project shadow-anchored by Costco, located at 1054 W. Gladstone Street in San Dimas, Calif. Financial details of the transaction were not disclosed.   “San Dimas is a tremendous City that is under-served…

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Caliber and MODUS Development Commence Construction on Eclipse Net Zero Energy Townhomes in Scottsdale, Arizona

  Development Will Be One of Arizona’s Most Sustainable, Well-Located and Technologically Enabled Communities. Real estate investment firm, Caliber – The Wealth Development Company has partnered with one of the nation’s leading Net Zero Energy (NZE) developers, MODUS Development, on their second project, Eclipse, which officially broke ground and has begun development. This is Scottsdale’s newest environmentally sustainable townhome community, designed…

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Medical Office Trades in Desirable South Scottsdale Submarket

Situated along Civic Center Plaza, the ±16,919 square foot Scottsdale Medical Building closed for $2,650,000 ($156.63/SF). The building sits adjacent to HonorHealth Scottsdale Osborn Medical Center. Nearby amenities include Scottsdale Stadium, Civic Center Mall, Scottsdale Fashion Square, and Old Town Scottsdale’s shopping, bars and restaurants. J.T. Taylor and Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Buyer. “The…

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South Scottsdale Apartment Community Trades for $12.45M

ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $12,450,000 / $99,600 Per Unit sale of the AYA Scottsdale Apartments located in Scottsdale, Arizona. AYA Scottsdale is a two story, garden-style apartment community which rests on approximately 4.0 acres. The property was built of masonry construction with…

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CONSTRUCTION GROUP LAUNCHES NEW HIGHWAY WORK ZONE SAFETY EFFORT AS 44 PERCENT OF ROAD CONTRACTORS REPORT HAVING CARS CRASH INTO THEIR PROJECTS

Forty-four percent of highway contractors reported that motor vehicles had crashed into their construction work zones during the past year, according to the results of a new highway work zone study conducted by the Associated General Contractors of America. As a result, association officials launched a new national advertising and outreach campaign to urge motorists…

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Hunt Mortgage Group Refinances an Affordable Multifamily Property Located in Mesa, Arizona

Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided a Freddie Mac Capital Market Execution in the amount of $15 million to refinance a multifamily property located in Mesa, Arizona.  The Village at Sun Valley Apartments is comprised of 15, two- and three-story apartment buildings containing…

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