Gladstone Commercial Corporation Announces Sale of Property in Sterling Heights, MI

Gladstone Commercial Corporation reported today that it sold its 540,000-square-foot industrial property located in Sterling Heights, Mich. for $11.4 million, representing a gain on sale of about $1.2 million. “This was a good opportunity for us to sell a non-core asset at a price that was beneficial to shareholders,” said Jason Kowalski, Senior Asset Manager…

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Colliers International Completes Transactions in Show Low and Chandler

Colliers International in Greater Phoenix recently completed a $500,000 office sale in Show Low, Ariz., and an $885,000 land sale in Chandler. White Mountain Publishing, L.L.C. of Casa Grande purchased the Class C multi-tenant office building, 3191 S. White Mountain Road in Show Low, from the Lucero Group, Inc. of Scottsdale. Currently occupying almost half…

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Local Investor Buys Office Condo at Riverside Office Plaza II for $2.8 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the successful sale of nine office condos at Riverside Office Plaza II totaling about 29,223 square feet in the Tempe/Airport Submarket. Phoenix-based investor Attis Investments, LLC purchased the nine condos for $2.805 million ($95.98 per square foot) from San Diego-based Southwest Value…

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Colliers International Completes $8.73 M Sale of Two Office Buildings in Scottsdale

Colliers International in Greater Phoenix recently completed the sale of two Class B office buildings in Scottsdale for a combined total of $8.73 million. Fenway Asset Acquisitions LLC of San Diego purchased both buildings, called North Alamos Court I & II. NAC-I, a general partnership of Phoenix, sold North Alamos Court I, located at 5010…

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ORION Negotiates Lender Owned Retail Sale in Arrowhead for nearly $2.9 M

ORION Investment Real Estate announced the closing of Union Hills Square, a 11,960-squared-foot multi-tenant retail pad, located in Glendale, Ariz. for nearly 2.9 million ($239 SF) to Cave Cree Capital Partners of Scottsdale, Ariz. “This is the second asset we have represented CCCP on purchasing from a lender this year” explains Andrew Harrison, Vice President…

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Pathfinder Partners Closes $1.9 M Sale of Shorewood Apartments In Phoenix

Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic real estate investments, has closed the $1.9 million sale of Shorewood Apartments, a 21-unit community located in the midtown neighborhood of Phoenix, Ariz., just north of downtown. The property was acquired by Washington-based Atrium Apartments, LLC. According to Lorne Polger, senior managing director of Pathfinder,…

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Plaza Companies CEO Sharon Harper Earns Prestigious Counselors of Real Estate Credential

Plaza Companies President & CEO Sharon Harper earned another important title to add to an already impressive array of them: Counselor of Real Estate. Harper has been awarded the prestigious CRE (Counselor of Real Estate) credential by The Counselors of Real Estate, an international group comprising high profile real estate practitioners who provide expert advisory…

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Colliers International Completes $21.2 Million Sale of Northern Greens in Glendale

  Colliers International in Greater Phoenix recently completed the sale of Northern Greens, a 420-unit Class B apartment building in Glendale for $21.2 million, or $50,476 per unit. Rance King Properties Inc. of Long Beach, Calif., purchased the complex, located at 8150 N. 61st Ave., from GA Northern Greens, LLC of Des Moines, Iowa. Bill…

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Next Gen PC Retail, LLC purchases 1.58 Acre Site in Goodyear with KFC Ground Lease in Place

R.O.I. Properties LLC recently completed a transaction of the property at 2501 N. Pebble Creek Parkway in Goodyear. The 1.58 acre site included a 20-year ground lease by Kentucky Fried Chicken for 29,000-square-feet, with 14 years remaining. The seller, Eagle SPE Multi I, Inc, was served by Beth Jo Zeitzer and Justin Cirell of R.O.I.…

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R.O.I. Properties, LLC completes $1.21 million Sale of Midvale Park Commercial Center PAD Site to Panda Express

R.O.I. Properties in Phoenix recently sold a 50,088-square-foot PAD site at 1600 W. Valencia Rd. The site was previously operating as a Chevron Gas Station. The site is located on the hard corner of the Walmart-anchored Midvale Park Commercial Center. CFT Developments LLC headquartered in California acquired the site with plans to develop the site…

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Vehicle Accessory Center Leases 15,717 Square Feet at Lincoln Commerce Park II

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 15,717 square feet for Vehicle Accessory Center at Lincoln Commerce Park II, 2125 South 11th Ave. in Phoenix. Vice President Louis Finocchiaro, SIOR, of Cassidy Turley’s Industrial Services Group represented California-based, Vehicle Accessory Center, while Jeff…

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Cassidy Turley’s Louis Finocchiaro Represents Vehicle Accessory Center

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 15,717 square feet for Vehicle Accessory Center at Lincoln Commerce Park II, 2125 South 11th Avenue in Phoenix. Vice President Louis Finocchiaro, SIOR, of Cassidy Turley’s Industrial Services Group represented California-based, Vehicle Accessory Center, while Jeff…

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CBRE Completes 31,100-Square-Foot Lease at Campus at TI in Tucson

CBRE has completed a 31,100-square-foot lease at the Campus at Tucson International in Tucson, Ariz. VXI Global Solutions, a Los Angeles, Cailf.-based company and leading provider of business process and information technology outsourcing, has leased the space. This lease marks VXI Global Solutions’ entrance into the Arizona market and the company plans to hire approximately…

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