Colliers Negotiates $9.1 Million Apartment Sale in Glendale

Colliers International in Greater Phoenix negotiated the sale of the 260-unit Northern Terrace Apartments, located at 5220 W. Northern Ave. in Glendale, Ariz., for $9.1 million, or $35,000 per unit. Scottsdale-based Sonoma Terrace Properties LLC, a partnership between Jay Chernikoff and Cal DeSouza, acquired Northern Terrace Apartments with a loan from Mutual of Omaha Bank.…

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DAUM Completes 83,200 Sq. Ft. Lease in Fairmont Commerce Center

DAUM Commercial Real Estate Services announced that it represented the tenant, MXD Group, in the leasing of the Fairmont Commerce Center, an 83,200 sq. ft. building located at 440-444 W. Fairmont Drive in Tempe. Steve McKendry, Kirk Jenkins and Trevor McKendry of DAUM’s Phoenix office exclusively represented MXD Group in the transaction.  MXD Group specializes…

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Cassidy Turley Completes $5.039 Million Sale of Roosevelt Tech Center

Cassidy Turley announced they successfully sold Roosevelt Tech Center, a ± 60,458-square-foot mixed-use property at 528 West 21st Street in Tempe. Enright Roosevelt Tech, LP. (Calgary, Alberta) purchased the property for $5,039,162 ($83.35/psf) from RBI Industrial Properties I, LLC (Irvine, CA). Senior Managing Directors Paul Boyle and Rick Danis with Cassidy Turley’s Industrial Group negotiated…

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Colliers International Completes 92,200 SF Office Building Sale in Phoenix for $12 Million

Colliers International in Greater Phoenix recently negotiated the sale of a 92,233 square-foot Class B office building located at 3333 E. Camelback Road in Phoenix for $12 million, or $130/square foot. Fenway Properties of San Diego acquired the property. Fenway plans to upgrade the common areas and develop new, spec suites to accommodate tenants of…

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Cassidy Turley Completes $1.075 Million Sale of the Arizona Stone Building

Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold a ±8,000-square-foot class B industrial property on 3.55 acres located at 4502 E Virginia St. in Mesa, Ariz. RBS Investments, LLC purchased the property for $1,075,000 ($134.37/psf) as an investment from The Richard R. Schmid Charitable Remainder Trust. Vice…

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NorthMarq Arranges $15.33 Million Mortgage for Desert Harbor Apartments

John Kinser and Luke Donahue of NorthMarq’s  Phoenix regional office arranged acquisition financing of $15.33 million for Desert Harbor Apartments, a 264-unit, market-rate multifamily property located at 8885 West Thunderbird Road in Peoria, Arizona.  Financing was based on 10-year term and a 30-year amortization period.  NorthMarq arranged this financing for the borrower, Desert Harbor, LLC,…

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Stacie Harrison Joins CBRE’s Healthcare Services Group as Vice President

CBRE has announced that Stacie Harrison has joined the firm’s Healthcare Services Group in Phoenix, Ariz. as a vice president. Harrison will focus her attention on the dynamic local healthcare market, and will be providing services to healthcare systems, practice groups, healthcare providers, medical building owners, and others in the ever-changing healthcare industry. “CBRE is…

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