Sperry Van Ness Negotiates the Sale of Country Aire Apartment Complex in Phoenix for $2.8 Million

Neil Sherman and Carrick Sears, multifamily specialists in the Phoenix office of Sperry Van Ness, negotiated the $2,825,000 sale of Country Aire Apartments located at 1701 N. Palo Verde Drive in Goodyear, Ariz. The buyer, Univest, Inc of Newport Beach, Calif., purchased the 60-unit complex from Industrial Alliance Pacific Insurance & Financial Services Inc. Sherman…

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Commercial Furniture Installer Takes 45,307 SF Warehouse for $2.98 Million

Precision Installation, Inc., a local commercial furniture and equipment installer, has purchased a 45,307 SF warehouse property at 8201 S. 48th St., Phoenix for $2.98 million or $65.66 per square foot. They will relocate their corporate headquarters from their current Mesa, Ariz. location. Lee & Associates principals Rick Robertson and Scott Smith brokered the transaction on behalf of the…

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Major Healthcare Real Estate Firm Picks Plaza Companies For Leasing on Prominent Tempe Property

Plaza Companies has been selected to help breathe new life into Tempe’s biggest medical hub.   American Healthcare Investors has chosen Plaza Companies to provide leasing for its building adjacent to Tempe St. Luke’s Hospital. The Tempe St. Luke’s Medical Office Building, a 59,808-square-foot medical complex at 1492 S. Mill Avenue in Tempe near Arizona State University, supports the hospital and is in…

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Marcus & Millichap Arranges The Sale Of A Quality Senior (55+) Manufactured Home Community

Marcus & Millichap (NYSE: MMI), the Nation’s largest real estate investment services firm, has announced the sale of Peoria Mobile Estates, a quality senior (55+) manufactured housing community in Peoria, AZ, according to John Vorsheck, regional manager of the firm’s San Diego office. The asset sold for $7,350,000, with some additional consideration for a home…

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Commercial Properties Inc., Is Pleased To Announce The Sale of 72,570 SF Industrial Property To Nuclear Response Center In Tolleson

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 72,570 SF industrial property located at 8100 West Buckeye Road in Tolleson, Arizona.  Andy Jaffe, SIOR of CPI’s Tempe Office represented the buyer, Barnhart Crane and Rigging Company, in this transaction.  The masonry building was built…

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LGE Design Build Received Certificate Of Occupancy For New Retail Center In City Of Surprise

LGE Design Build has completed work on a new retail center in the city of Surprise, Skyway Retail, a part of the 300-acre Skyway Business Park.  LGE previously completed construction on several other elements of the complex, including the 420,000 square foot Park Skyway and a 176,000 square foot facility for SW Products. Skyway Retail…

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CBRE Arranges $16.8 Million to Finance Crestone at Shadow Mountain Apartments in Phoenix, Arizona

CBRE’s Capital Markets group announced today that it has secured financing on behalf of Real Estate Capital Partners (“RECP”) for the financing of Crestone at Shadow Mountain Apartments (“Crestone”). Brian Eisendrath with CBRE’s Debt and Structured Finance team arranged a 5-year, full term interest only fixed rate loan of $16,811,000 (60% LTC), which was locked…

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American Realty Capital Properties Announces Monthly Common Stock and Series F Preferred Stock Dividends for June 2014

NEW YORK, May 22, 2014  —  American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) announced today that, pursuant to the prior authorization of its board of directors, ARCP has declared an annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at the close of business on the…

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Commercial Properties Inc., Announces the Sale of a 26,010 SF Industrial Property In Scottsdale, Ariz.

 Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 26,010 SF industrial property located at 7830 East Redfield Road in Scottsdale, Arizona.  Bob Deininger and Craig Trbovich of CPI’s Scottsdale Office represented the buyer, DRD Properties, LLC, in this transaction.  Airport Business Center was built…

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