Cassidy Turley Completes 5,000SF Lease at Scottsdale Plaza for Giant Bicycles

Cassidy Turley negotiated a ±5,000SF lease for Giant Bicycles at Scottsdale Plaza, on the northwest corner of 68th Street and Thomas Road in Scottsdale. Chris Hollenbeck, with Cassidy Turley’s Retail Group, negotiated the lease on behalf of the landlord, Marino Investments. Giant Bicycles started in 1972 with one goal: Create a better cycling experience for…

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Cassidy Turley Completes $13.5 Million Sale of Camelwest Plaza California Investor Purchases Office Property at 19th Ave. and Camelback

  Cassidy Turley sold Camelwest Plaza, a ±174,554-square-foot class B office property featuring two (2) four-story buildings at 1951 and 2001 West Camelback Rd. in Phoenix. 1128 Valencia Associates, LLC (Newport Beach, CA), advised by Apex Commercial Advisory (Brandt McCullough), purchased the property for $13,500,000 ($77.34psf) from Fenway Camelwest, LLC of San Diego. Executive Vice President…

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Orion Investment Helps Canadian Buyer Purchase 264-Unit Property

The ORION Multifamily Group of Orion Investment Real Estate is pleased to announce the closing of the 264-unit, “Class A” apartment project – Desert Harbor Apartment Homes – for $26,682,000 ($101,068 per unit). The buyer, an affiliate of Murray Hill Developments Ltd., is one of the most experienced multifamily real estate operating and development companies in Canada. “It…

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CBRE Completes Sale of Kierland One in Scottsdale

CBRE has completed the sale of Kierland One, a 175,441-square-foot, Class A office building located in the prestigious Scottsdale Airpark Submarket. Barry Gabel, Mindy Korth and Chris Marchildon of CBRE’s Phoenix office represented the seller, Cornerstone Real Estate Advisers LLC, acting on behalf of an institutional investor.  The buyer, Hines, the international real estate firm,…

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Cassidy Turley Represent Buyer in $7.5 Million Purchase of Baseline Interstate

Cassidy Turley represented Dalfen America Corp. (dba Mazal TOV Realty, LPL) in the purchase of Baseline Interstate, a ±136,683-square-foot industrial warehouse/office property at 4707 E. Baseline Rd. in Phoenix. The investment company located in Westmount, Quebec, Canada purchased the property for $7,500,000 ($55.02psf) from Holualoa Companies (dba 4707 Baseline Phoenix) of Tucson. Executive Vice President’s…

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Cassidy Turley Represents The Weitz Company Arizona in Lease

Cassidy Turley negotiated a 10,500-square-foot lease on behalf of The Weitz Company Arizona at Park One, 2111 E. Highland Ave. in Phoenix. Justin Himelstein and Jason France with Cassidy Turley’s Office Tenant Representation Group negotiated the transaction on behalf of Weitz. Brett Abramson with JLL represented the landlord McCarthy-Cook of Costa Mesa, CA.Himelstein and France…

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NorthMarq Arranges $2.5M Mortgage for Airpark Home Center in Scottsdale

Shari Stults, vice president of NorthMarq’s Phoenix regional office, arranged first mortgage refinancing of $2.5 million for Airpark Home Center located at 8355 East Butherus Drive in Scottsdale, Arizona.  This asset is a multi-tenant industrial flex building with approximately 50% of showroom/office space and 50% warehouse space.  The major tenant at the site is Hughes…

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Holualoa Companies Join SkySong Ownership Group; Partnership Purchases Stake in SkySong I and II

SkySong, The ASU Scottsdale Innovation Center has a new ownership structure after a transaction involving SkySong I and II, a 290,000 square foot, two-building office project located at Scottsdale Road and McDowell Road. A partnership formed by Holualoa Companies, the ASU Foundation for A New American University, and Plaza Companies has purchased the entirety of the ownership in a transaction that closed on…

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Mutual of Omaha Bank Purchases Tempe Building for National Client Services Center

Mutual of Omaha Bank has purchased a 73,377 square foot, three-story office building in Tempe, Ariz., that will house its national client services center and several business groups, the company announced. Located in the Cotton Corporate Center at 4950 S. 48th St., the class A building will serve as Mutual of Omaha Bank’s national client services center, including its customer…

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