Cushman & Wakefield Signs Six Leases at Chandler Business Center in The 3rd Quarter

Oct. 23, 2013- The Cushman & Wakefield leasing team representing Chandler Business Center has completed six office leases at the property in 120 days.  Chandler Business Center, located at 6150 W. Chandler Blvd., is a multi-tenant industrial/flex park owned by investment manager Clarion Partners, LLC.  The six leases recently signed total 42,192 square feet, increasing…

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American Realty Capital Properties and Cole Real Estate Investments Merge to Create World’s Largest Net Lease REIT

Oct. 23, 2013- American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) and Cole Real Estate Investments, Inc. (“Cole”) (NYSE: COLE) announced today that they have signed a definitive agreement to merge the two companies (the “Merger Agreement”).  The transaction is valued at $11.2 billion and will create the largest net lease REIT with an enterprise…

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CPI Announces The Sale of an 88,774 Square Foot Industrial Property in Phoenix

Commercial Properties Incorporated (CPI) proudly announces the sale of an 88,407 square foot industrial property located in Phoenix, Ariz. John Soldo and Leroy Breinholt of CPI’s Industrial Team represented the buyer, Chrisman Lock Chiang, in the recent purchase of 43 N. 48th Ave. in Phoenix, AZ. “Chrisman Lock Chiang is a tool and manufacturing owner/user from…

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Cushman and Wakefield and Sperry Van Ness Lease More Than 147,000 Square Feet to Origami Owl

Growing custom jewelry firm, Origami Owl (origamiowl.com), has leased 147,486 square feet of space at 10 Chandler Business Park, located along the east side of Interstate 10 between Chandler Boulevard and Ray Road. Origami Owl leased all of Building 9 this past summer, totaling 81,238 square feet of distribution/warehouse and office space at 500 N.…

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CBRE’s John Lenio to Speak at Ohio Economic Development Association’s Annual Summit

CBRE has announced that John Lenio, economist and managing director of CBRE’s Economic Incentives Group (EIG), has been chosen to speak at the Ohio Economic Development Association’s annual summit in Dublin, Ohio on October 25. Economic Development is a constant topic for government and business leaders; for Lenio, it’s his job.  Lenio has been asked…

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Transwestern Brokers $15 Million Sale of Dorsey Place, Condominium-Quality Apartments

Oct. 22, 2013- Transwestern today announced it brokered the sale of Dorsey Place, an 84-unit, condominium-style apartment building on East University Drive in Tempe, Ariz., for nearly $15 million. San Diego, Calif.-based Stratford Partners and Pathfinder Partners, which had purchased the building in 2011, sold the building to a joint venture between Diversified International Partners…

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Alliance Residential Purchases Downtown Scottsdale Development Site for $18.5 Million

October 21, 2013 – Cassidy Turley, a leading commercial real estate provider in the U.S., has sold a 5.4 acre multi-family development site approved for 316 units at 75th Street and Stetson Drive in Downtown Scottsdale. A partnership formed by Alliance Residential (Bruce Ward, Bob Hutt, Jay Jimenez, Ian Swiergol) purchased the property for $18,500,000,…

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CBRE Multi-Housing Private Capital Group Negotiates Sale of Property in Metropolitan Phoenix

Nucare Properties, LLC of Phoenix, Ariz. has purchased Sun West Apartments, a 20-unit multi-family property located at 2501 W. Elm St. in Phoenix Ariz., from Northwest Valley Property & Associates LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the Phoenix-based seller in negotiating the $485,000 sales transaction. 

Marcus & Millichap Facilitates Sale of Camelback Springs Apartments

Oct. 18, 2013 – Marcus & Millichap Real Estate Investment Services has announced the sale of Camelback Springs Apartments, a 28-unit apartment community located in the Camelback Corridor in Phoenix, Arizona, according to Don Morrow, regional manager of the firm’s Phoenix Office. The asset commanded a sales price of $1,932,000 or $69,000 per unit. Brian…

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