CBRE Multi-Housing Private Capital Group Negotiates Sale of Setting Sun Apartment

CBRE has negotiated the following multi-family sales transaction: Eightysun, LLLP of Vancouver, BC, Canada has purchased the Setting Sun apartment complex, a 28-unit multi-family property located at 6923 N. 80th Ave. in Glendale, Ariz., from Poway, Calif.-based seller Dramms LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating the $870,000 transaction. 

Timberline Place Condominiums in Flagstaff Sells for $11.825 Million

Cassidy Turley sold 102 Class A units at the Timberline Place condominium community located in Flagstaff, Arizona.  Clear Sky Timberline LP, an entity formed by Clear Sky Capital (Marcus Kurschat), a Phoenix based company purchased the property for $11,825,000 / $115,931 per unit.  Executive Managing Directors David Fogler and Steven Nicoluzakis, with Cassidy Turley Arizona’s Multi-Family…


Marcus & Millichap Arranges The Sale of a 17,955-Square Foot Retail Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sierra Crossings, a 17,955-square foot retail property located in Scottsdale, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5.5 million. Mark Ruble and Jamie Medress, investment specialists…


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…


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…