Cassidy Turley, a leading commercial real estate services provider in the U.S., announces the sale of The Shoppes at Highlands Village, a grocery-anchored neighborhood shopping center at 1145 North Ellsworth Road. in Mesa, Ariz. Highlands Village Equities, LLC (a company formed by Glenwood Development Company) purchased the 87,486 square foot center for $10.05 million from…Details
Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in negotiating the $1.025 million transaction.
Canada-based Coastal Properties, Ltd. has purchased Mountain View Apartments, a 150-unit multifamily property located at 333 E. Van Buren St. in Avondale, Ariz., from, RND4, LLC of Irvine, Calif. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and seller in negotiating the $6.3 million transaction.
Capital Asset Management, a thrid-party full service real estate firm headquartered in Phoenix, is working on plans to develop a three story spec office building at the NEC of Loop 101 and 83rd Avenue in Glendale. Phase 2 of the highly successful Glendale Northwest project, the new building is being developed on behalf of its client…Details
Vestis Group announces that brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of Orinoco Apartments, a 15-unit multifamily community located near the sought after Arcadia neighborhood of Phoenix, Arizona for $850,000 / $56,667 per unit. Mawi, LLC of Scottsdale, Arizona sold Orinoco Apartments, located at 3406 N 38th Street, near the…Details
Cushman & Wakefield of Arizona, Inc. negotiated a lease bringing The Chef’s Warehouse to 14,488 square feet of space at 745 W. Fairmont Dr. Headquartered in New York, The Chefs’ Warehouse is a specialty food distributor that began sourcing products for high-end chefs more than 30 years ago. The company has locations in major metropolitan…Details
Vestis Group announces that brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of Roosevelt 11, a 5,028 square feet, single-level, freestanding office building, located near Roosevelt Row in Downtown Phoenix, for $372,000 / $73.99 per square foot. Ronald Yenney of Ephrata, Washington sold the Roosevelt 11 office building, located at 1018…Details
ViaWest Group has sold Grand Retail Plaza, a premier multi-tenant strip center located at 9827 W. Grand Ave. in Sun City, Ariz., for a total consideration of $1.3 million. The property was 100 percent leased at time of sale. Phoenix-based ViaWest Group sold the property to Kanjibhai Ghadia of Anaheim, Calif. Steve Julius and Jesse Goldsmith…Details
ORION Investment Real Estate is pleased to announce the sale of Carole Arms Apartments, a 44-unit apartment complex located at 2535 West Coolidge Street in Phoenix, Arizona. The property sold for $1,159,500 ($26,352 per unit). Built in 1985, Carole Arms Apartments consists of one & two-bedroom units that feature a wide array of amenities. These…Details
Harvard Investments announced today that it will partner with Lincoln Property Company to develop the second and final phase of Riverview Point, a Class A office project directly adjacent to the 250-acre Mesa Riverview mixed-use property in Phoenix’s booming Southeast Valley. Harvard Investments purch ased the 19.55-acre land parcel for the new project from Montana Avenue…Details
CBRE’s Phoenix office announces that Jay Lefevers, founding principal of Phoenix-based Viewpoint Group, LLC will join CBRE’s Valuation and Advisory Services team. “I am excited to welcome Jay to the CBRE team,” said Mike Rowland, senior managing director of CBRE’s Valuation and Advisory Services Intermountain Region. “Jay is one of the top appraisal professionals in…Details
Century Link adding another retail location Century Link completed a deal to open their third retail location in the Valley, this one at the southeast corner of 44th Street and Thomas Road in Phoenix. Paul Serafin of De Rito Partners represented the tenant in completing the lease of a 1,300-square foot space. LCP Equity Partners…Details
HELPING HEALTHCARE PROVIDERS: More Medical Facilities, Doctors Turning to AVANA Capital During Pivotal Moments
The second largest senior healthcare provider in Georgia in need of a loan to help a Marietta healthcare facility to improve its efficiency, resident count and building standards. A doctor who was able to achieve his goal of expanding his medical practice in Rio Rancho, New Mexico. The quick and important purchase of a 100-room…Details
CALCAP Advisors is announcing that it has purchased its first apartment community in Nevada, followed shortly thereafter by the purchase of its thirteenth apartment community in Arizona, to combine for a total of 358 units acquired in the month of May. Pecos Pointe Apartments, a 160-unit property in Las Vegas, was purchased for $6,000,000 ($37,500 per unit/$41.72 per square…Details
LGE Design Build today announced that it will break ground on the new 44,000 square foot service facility for Metso Corporation on June 6. The state of the art facility will be located at Pecos and Sossaman Roads in Mesa. The new facility is ideally positioned and equipped to service Metso’s customers throughout the southwest…Details