Transwestern Brokers $15 Million Sale of Dorsey Place, Condominium-Quality Apartments

Oct. 22, 2013- Transwestern today announced it brokered the sale of Dorsey Place, an 84-unit, condominium-style apartment building on East University Drive in Tempe, Ariz., for nearly $15 million. San Diego, Calif.-based Stratford Partners and Pathfinder Partners, which had purchased the building in 2011, sold the building to a joint venture between Diversified International Partners…

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Alliance Residential Purchases Downtown Scottsdale Development Site for $18.5 Million

October 21, 2013 – Cassidy Turley, a leading commercial real estate provider in the U.S., has sold a 5.4 acre multi-family development site approved for 316 units at 75th Street and Stetson Drive in Downtown Scottsdale. A partnership formed by Alliance Residential (Bruce Ward, Bob Hutt, Jay Jimenez, Ian Swiergol) purchased the property for $18,500,000,…

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CBRE Multi-Housing Private Capital Group Negotiates Sale of Property in Metropolitan Phoenix

Nucare Properties, LLC of Phoenix, Ariz. has purchased Sun West Apartments, a 20-unit multi-family property located at 2501 W. Elm St. in Phoenix Ariz., from Northwest Valley Property & Associates LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the Phoenix-based seller in negotiating the $485,000 sales transaction. 

Marcus & Millichap Facilitates Sale of Camelback Springs Apartments

Oct. 18, 2013 – Marcus & Millichap Real Estate Investment Services has announced the sale of Camelback Springs Apartments, a 28-unit apartment community located in the Camelback Corridor in Phoenix, Arizona, according to Don Morrow, regional manager of the firm’s Phoenix Office. The asset commanded a sales price of $1,932,000 or $69,000 per unit. Brian…

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Cohen Financial Arranges More Than $8.2 Million Refinancing For Portfolio of Eleven Retail Properties

Oct. 17, 2013- Cohen Financial, a national real estate capital services firm, today announced that its Phoenix office has secured $8.298 million to refinance a portfolio of 11 single tenant retail properties located in Arizona, Illinois, Indiana, Kansas, Louisiana, Michigan, Ohio, Texas and Virginia.  The portfolio consists of eight Family Dollar stores, one Dollar General,…

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Cushman & Wakefield Selected to Handle Leasing of Biltmore Commerce Center

Cushman & Wakefield of Arizona, Inc. has been selected to handle leasing of Biltmore Commerce Center, a Class A office property located at 3200 E. Camelback Rd. The property, which was recently purchased by DPC Development Company of Denver, will undergo a significant modernization and re-positioning in the Camelback Corridor. The mid-rise office building, which…

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