Ross Brown Partners, Inc. Brokers Scottsdale Office Sale as CarVal Investors Re-Enters Market

Scottsdale based Ross Brown Partners, Inc. arranged the $50 million sale of two premier Class A office buildings within Scottsdale’s Pima Center. The buyer was CV MainSpring Pima, LLC , a venture between CarVal Investors & Scottsdale based MainSpring Capital Group. Located at 9000 and 9200 E Pima Center Parkway, the two nearly identical 3…

Details

Artemis Realty Capital Funds $7.025 Million On Two Stabilized Multi-Family Properties In The Southwestern United States

Artemis Realty Capital, LLC (“Artemis”) announced today it has closed 2 transactions totaling $7.025 million on two stabilized multifamily properties in Bullhead City, Ariz. and Las Vegas, Nev.  With the closing of these two loans, Artemis has successfully funded over 5,100 value add multifamily units in the Southwestern United States within the past 30 months.  Transactions…

Details

DPC Development Company Completes $6 Million Acquisition of Cotton Corporate Center III

DPC Development Company (DPC) recently completed the acquisition of Cotton Corporate Center III at 4720 E. Cotton Gin Loop in Phoenix, Ariz.  Cotton Corporate Center III is a Class “A” Silver LEED® Certified project located within the 280 acre master-planned Cotton Center business park.  The property was purchased from Buchanan Street Partners a real estate…

Details

Ensemble Real Estate Solutions Closes 2013 with $58.5 Million in New Leases

Ensemble Real Estate Solutions maintained a steady pace in leasing activity for 2013, securing $58.5 million in new leasing deals from 207 medical office transactions, totaling approximately 620,000 square feet.   Ensemble also brokered seven sales transactions with a total value of $7.8 million.  “We are proud of our team’s accomplishment in 2013,” stated Bill…

Details

Marcus & Millichap Arranges the Sale of a 4,402-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Circle K, a 4,402-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,592,593. Jamie Medress and Mark Ruble, investment specialists in…

Details

Marcus & Millichap Arranges the Sale of a 14,490-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Walgreens, a 14,490-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $7,900,000. Mark Ruble and Jamie Medress, investment specialists in Marcus…

Details

CBRE Negotiates 90,152-Square-Foot Industrial Lease in Phoenix, Ariz.

CBRE has negotiated a 90,152-square-foot office/warehouse lease at 4707 E. Baseline Rd. in Phoenix, Ariz.   Pat Feeney, Dan Calihan, Rusty Kennedy, Mike Parker and Evan Koplan with CBRE’s Phoenix office represented the landlord, Dalfen America Corp. of Westmont, Quebec, Canada. The tenant, a San Carlos, Cailf.-based distributor of electrical products, was also represented by…

Details

Cushman & Wakefield Negotiates $13.2 Million Sale Of Mesa Corporate Center

Cushman & Wakefield of Arizona, Inc. has negotiated the $13.2 million sale of Mesa Corporate Center,  located at 1001 W. Southern Ave. The 106,077-square-foot office building was constructed in 2000 and was 89 percent occupied at the time of the sale.  Tenants include Allstate Insurance Company, DeVry University and Allied Barton Security. Parkway Properties of…

Details

Southwest Value Partners Purchases Continuum Business Park in Chandler

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Continuum, a ±152-acre master planned business park to San-Diego based Southwest Value Partners (“SVP”), Managing Principals Mark Schlossberg and Cary Mack. SVP purchased the project in Chandler, Arizona for $51.75 million. The seller was Capital Commercial Investments, Inc. (Austin).…

Details

CBRE Completes $51.75 Million Sale of Continuum Business & Technology Park in Chandler, Ariz.

CBRE has completed the sale of Continuum Business & Technology Park located at 2501 S. Price Rd. in Chandler, Ariz. The business park, which currently consists of a ±463,300-square-foot, class A office building on 152 acres, commanded a sale price of $51.75 million. Luke Walker and Dave Carder with CBRE’s Phoenix office and Kevin Miller…

Details

Commercial Properties Inc., Announces the Sale of 31,682 Square Foot Property

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 31,682 SF industrial property located at 3195 E 36th Street in Tucson Arizona.  Chad Ackerley of CPI’s Tempe Office represented the new owner, Hercules Capital, the parent company of Hercules Industries from Denver, Colorado.  Hercules Industries…

Details

CBRE Completes $21+ Million Sale of 43rd Avenue Logistics Center in Phoenix, Ariz.

CBRE has announced the sale of 43rd Avenue Logistics Center located at 1635 S. 43rd Ave. in Phoenix, Ariz. The 394,775-square-foot industrial property commanded a sale price in excess of $21 million. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office negotiated the sale. The seller was 43rd Avenue Logistics Center, LLC, an…

Details