CBRE Multi-Housing Private Capital Group Negotiates $1.9 Million Sale of Lindsay Villas Apartments

CBRE has negotiated a multi-family sales transaction in Mesa, Ariz. Public Action Management Real Estate, LLC of Scottsdale, Arizona has purchased Lindsay Villas Apartments, a 32-unit multi-family property located at 2580 E. Baseline Rd in Mesa, Ariz., from Lindsay Villas, LLC of Los Angeles, California. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the…

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CBRE Capital Markets Debt & Equity Finance Group Secures $33.8 Million Loan for Encantada at Riverside Crossing

Nov. 13, 2013- CBRE’s Capital Markets Debt & Equity Finance Group announced today the successful refinancing of the Encantada at Riverside Crossing, one of the highest-quality, state-of-the-art class A apartment communities in Tucson, Ariz. The $33,800,000 loan was funded through international insurance company AIG, Inc.  The financing of Encantada at Riverside Crossing was originated by…

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Buchanan Street Partners Purchases Phoenix, Ariz. Portfolio for $52.6 Million

Nov. 12, 2013-  Buchanan Street Partners, an active buyer of value-add office and industrial real estate, has purchased a 446,000-square-foot portfolio from Carlson Real Estate Company for $52.6 million, or $118 per square-foot. The 10-building portfolio was acquired in four separate sale transactions and includes a mix of office, industrial, office flex and retail properties.…

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Sperry Van Ness Represents the Buyer in the $2.3 Million Sale of Palmera Apartments

Neil Sherman and Carrick Sears, multifamily specialists in the Phoenix office of Sperry Van Ness, represented the buyer, Summit Holdings, LLC, in the sale of Palmera Apartments. The 64-unit multifamily complex is located at 6625 North 17th Avenue in Phoenix, Ariz. and sold for $2.305 million or $46.44 per square foot. Palmera Apartments is currently…

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Velocity Retail Group Appoints Veteran Real Estate Executive Phil Kwiecinski as Director of Operations

Velocity Retail Group announced today that Phil Kwiecinski has joined the firm as Director of Operations and for its affiliated development services company Accelerated Development Services.   Kwiecinski, brings his vast experience as a 10-year veteran of CBRE’s Phoenix office where he was the Senior Operations Manager and most recently the Regional Operations Manager for the states of Arizona,…

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Hendricks-Berkadia Announces Sale of Villamora

Hendricks-Berkadia is pleased to announce the sale of Villamora, located at 2150 S. Arizona Ave. in Chandler, Ariz. The 289-unit apartment community was sold for $32.9 million, or $113,841 per unit. Built in 2001, the two-story, garden-style apartment community offers one-, two- and three-bedroom floor plans. The community amenities include a basketball court, clubhouse, computer room, swimming pool, spa,…

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Cushman & Wakefield Completes $8.6 Million Sale of Colony Apartments in Phoenix

Cushman & Wakefield of Arizona, Inc. has completed the $8.6 million sale of Colony Apartments, located at 4337 N. 53rd Lane in the Maryvale suburb of Metro Phoenix. The property was purchased by CalCap Properties, Inc. of Pasadena, Calif. and sold by Maryvale Urban Investments, LLC dba Bank of America.  Built in 1979, Colony Apartments consists…

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Togo’s Continues Arizona Expansion With Signing of Latest Multi-Unit Agreement in the Phoenix Market

Nov. 6, 2013- Togo’s Eateries, Inc., a “West Coast Original” since 1971, announced today it has signed a development agreement with a new franchise group to open three restaurants in the Greater Phoenix area. The franchisees will develop three restaurants in Ahwatukee, Tempe and Avondale over the next two to three years. This new development…

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Colliers International Completes $7.8 Million Sale of Tempe Office Building to SRP

Colliers International in Greater Phoenix recently served as advisers in the sale of a Tempe Class B office building, 1511 N. Project Drive, to SRP for $7.8 million or $122.97 per square foot. SRP purchased the 61,807 square-foot-building from Altier Credit Union to expand its administrative space. SRP already occupied approximately 40,000 square feet of…

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Helix Capital’s Next Gen Division Purchases Paradise Valley Area Medical Plaza and North Phoenix Industrial Building

Nov. 6, 2013- Two large Phoenix medical office and industrial buildings totaling more than 80,000 square feet have been purchased by the Next Gen Division of Helix Capital, an Arizona-based commercial real estate brokerage, management, investment services and development company. Next Gen PV Medical, LLC purchased a 5.58-acre multi-tenant medical office plaza at 16620 N.…

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