AVANA Capital Helping Commercial Real Estate Brokers Close More Deals Through Innovative Financing

An Arizona-based commercial real estate lender is having a significant nationwide impact by providing innovative commercial real estate loans that are creating growth and allowing businesses to succeed.   AVANA Capital’s innovative approach to commercial real estate lending is helping companies across the country purchase new property and restructure their financial picture. The company is at the leading edge of maximizing the use…

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Former Castle Hot Springs Resort and 118° Natural Hot Spring To Be Sold At Auction

Douglas Johnson, Managing Director, CBRE Auction Services, announced today that the historic Castle Hot Springs near Phoenix, Ariz. will be sold at auction. Opened in 1896, the ±210-acre Castle Hot Springs resort was considered one of the premier resorts in the United States, attracting prominent families such as the Roosevelts, Vanderbilts, Wrigleys, and Astors. The…

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Marcus & Millichap Arranges The Sale of a 10-Unit Apartment Building

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Holiday Resort Apartments a 10-unit apartment building for $500,000. The property is located in the Camelback Corridor and is in close proximity to the prestigious Biltmore area, offering convenient access to shopping, dining and other…

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Blandford Homes to Develop on Greenfield Road and McDowell Road

Cassidy Turley announced today that Phoenix-based Blandford Homes purchased ±19.3-acres in Mesa, west of the southwest corner of Greenfield Road and McDowell Road. Through its McDowell Citrus 100, LLC, Blandford Homes purchased the land for $3,200,000 from Horlacher Foundation, Inc. (Mesa, AZ). Brent Moser, Mike Sutton and Brooks Griffith with Cassidy Turley Arizona’s Land Group negotiated…

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Cassidy Turley Completes $1.925 Million Sale of Redrock Business Center

Cassidy Turley announced they successfully sold two office buildings of the Redrock Business Center equaling ±21,190-square-feet at 17100 East Shea Boulevard in Scottsdale. A2Z Properties (Scottsdale, AZ) purchased the property for $1,925,000 ($90.84/psf) from MJA Investments (Lincoln, NE). Executive Managing Director Eric Wichterman, and Senior Vice President Mike Coover with Cassidy Turley negotiated the transaction…

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Cassidy Turley Completes $7.14 Million Sale of Black Canyon Corporate Center

Cassidy Turley announced they successfully sold Black Canyon Corporate Center, a ±94,203-square-foot Class A office project at 10835 North 25th Avenue in Phoenix. Younan Properties Inc. (Woodland Hills, CA) purchased the property for $7,140,000 ($75.16/psf) from REO Asset Manager, John Mitchell, of LNR Partners (Miami Beach, FL), as special servicer. Executive Managing Director Eric Wichterman, Senior…

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Cushman & Wakefield Awarded Sale of Former Jabil Circuit Flex Building

Cushman & Wakefield of Arizona, Inc. has been awarded the sale of a former electronics manufacturing/warehouse flex building at 615 E. River Drive. The  193,000-square-foot property includes 176,000 square feet of  fully air-conditioned manufacturing and warehouse space and 17,000 square feet of office space. It sits on 16½ acres with direct frontage on the Loop…

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Cassidy Turley Completes 10,180 SF Lease at Raintree Corporate Center I

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a 10,180-square-foot lease for Keller Williams Arizona Realty at Raintree Corporate Center, 15333 North Pima Road. Executive Managing Director Jeffery Wentworth and Vice President Sean Spellman, with Cassidy Turley’s Office Group, represented the landlord, CW Capital Asset Management LLC…

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CBRE Negotiates $22.825 Million Sale of Northgate Corporate

CBRE has negotiated the sale of Northgate Corporate Centre located at 2625 W. Grandview Rd. in Phoenix, Ariz. The ±131,850-square-foot, single tenant class A office building commanded a sale price of $22.825 million. Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the transaction. The seller was Najafi Companies, an international private investment firm…

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Real Estate Capital Advisory Firm Expands Practice with Metro Phoenix Industry Veteran

Land Advisors Capital, a Scottsdale-based real estate capital advisory firm, proudly welcomes Jeff Carlson, bringing over 30 years of experience in real estate asset and loan portfolio management, investment and valuation.   Carlson brings a valuable combination of significant loan portfolio management and homebuilding expertise to the firm. As former Managing Partner for ParCap, Jeff…

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24 Brokers Promoted at Colliers International

Colliers International in Greater Phoenix has promoted 24 brokers, including three to senior executive vice president and 10 to executive vice president. Colliers announced the new positions and titles during a January 15 company meeting. Each year, Colliers promotes brokers in the first quarter. “The promotions recognize the dedication, talent and expertise of our brokers…

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