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…

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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…

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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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