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…


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,…


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…


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,…


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…