ORION Investment Real Estate Negotiates Sale of Retail Shopping Center for $2.82 Million

ORION Investment Real Estate is pleased to announce the closing of Desert Sky Station shopping center located at 7920 West Thomas Road in Phoenix, Arizona for $2,820,000 ($155 per SF) to the Strough Family Trust based in the San Francisco, CA. “This property sale is a perfect example of a recovering investment market in Phoenix” explains…

Details

City of Tucson to Sell Surplus Land for Development; First Three Major Parcels Brought to Market by CBRE

CBRE has been awarded the marketing assignment for several major land parcels in Tucson Arizona owned by the City of Tucson which have been declared surplus by Mayor and Council. The first three parcels, located at the northeast, southeast and southwest corners of the new Kino Parkway Overpass and 22nd Street intersection, were brought to…

Details

Momentum Continues For SkySong as 2014 Begins

SkySong, The ASU Scottsdale Innovation Center is off to a strong start in 2014, with a new addition and significant construction progress on its third office building. LearnVest (www.learnvest.com) has become the latest addition to SkySong. The company, which provides personalized online financial planning services, has leased a 5,160 RSF space on the third floor of SkySong 2, bringing the total occupancy of…

Details

Commercial Properties Reports on December Transactions

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is happy to report its Top Five December transactions. In total the firm completed 137 transactions in December for a total of 493,145 square feet. Leading the Lease Transactions Category, Tenant Representatives Eric Butler and David Verwer leased out 10,000 SF of Office space…

Details

NGKF Completes $1.3M Sale of North Mountain Professional Plaza

Newmark Grubb Knight Frank is pleased to announce the sale of the ±9,850 square-foot single-story office building located at 1850 E. Thunderbird Rd in Phoenix, AZ.   Managing Director Sheila Bale and Associate Ryan O’Connor both with Newmark Grubb Knight Franks’ Phoenix office, represented the Buyer, SAPO Properties, LLC.  The property was purchased for $1.325M…

Details

2014: Year of Transition for Phoenix CRE Market According to NAI Horizon Economic Outlook

NAI Horizon’s 2014 Economic Outlook points to a prosperous 2015 as 2014 continues to stabilize the once uncertain economic climate. President and CEO of NAI Horizon, Thad Seligman, stresses the importance of positive employment news.  “In the final analysis, job growth is the key to our recovery in Arizona and it looks like we will…

Details

Cassidy Turley Completes $1.3 Million Sale of North Mountain Professional Plaza

Cassidy Turley announced they successfully sold North Mountain Professional Plaza, a ±9,850-square-foot multi-tenant office project at 1850 E. Thunderbird Rd. in Phoenix. LDP Associates (Phoenix) purchased the property for $1,325,000 ($134.52/psf) from North Mountain Professional Plaza, LLC. Executive Managing Director Eric Wichterman, and Senior Vice Presidents Mike Coover and Andy Cloud with Cassidy Turley negotiated the…

Details

Vestar and UBS Global Asset Management Acquire Orchard Town Center in Denver For $123.5 Million

Vestar, in a joint venture with a fund advised by UBS Global Asset Management, announced today that it has acquired Orchard Town Center, a 914,000-square-foot open-air regional retail center located in Westminster, Colorado for $123.5 million in an all cash transaction.  This marks Vestar’s first acquisition in the Denver market.  The acquisition of Orchard Town…

Details