Marcus & Millichap Sells 32-Unit Multifamily Asset In Downtown Phoenix For $1.7 Million

Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing assignment to market the property and negotiated the transaction on behalf of the seller, a private capital investor out of Southern California. Brock Danielson from KW Commercial Represented the Buyer, a private investor from Vancouver Canada. “Lexington…

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As Phoenix Suburban Office Markets Recover, Skyline Poised to Follow

“Game on” seems to be the sentiment of Phoenix office tenants as they continue to bounce back from the recession, albeit with smaller work spaces that must achieve greater efficiencies with a reduced footprint. Suburban office markets—primarily in Tempe, Chandler and the Camelback Corridor—that are close to employees and offer higher-density parking are leading this…

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Groundbreaking Arrives for Phase I of Airport I-10 Business Park

Groundbreaking day has arrived for the first phase of Airport I-10—a Wentworth Property Company/Clarion Partners Class A industrial project being leased by the Phoenix office of JLL that, at completion, will represent one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix history. Located at the northwest corner of 24th Street and Rio…

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Raising Cane’s® Chicken Fingers Continues its Arizona Expansion

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced it has completed a  0.83-acres (36,213 square feet) build-to-suit lease for MRG Marketing & Management, Inc., Southwest franchise partner for Raising Cane’s Chicken Fingers, at Arrowhead Marketplace, located at the northwest corner of Bell Road and 79thth Avenue in Glendale. Cassidy Turley…

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ABI Multifamily Closes $3.9M Mesa Apartment Deal Near Future Light Rail

ABI Multifamily, a brokerage and advisory services firm, today announced the closing of a $3.9 million apartment project, Park Village Apartments, in Mesa, signifying the growth and redevelopment the light rail extension is projected to stimulate in the area. The 118-unit garden-style apartment complex, which is located at 226 N. Hobson St. in Mesa was…

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Voit Real Estate Services Announces Tom Johnston As Managing Director Of Phoenix And Las Vegas Offices

Voit Real Estate Services has announced that Tom Johnston has been appointed Managing Director to oversee all aspects of Voit’s operations in the Phoenix and Las Vegas markets, according to Robert D. Voit, Chief Executive Officer of Voit Real Estate Services.  Johnston will provide guidance and leadership to his team comprised of brokerage and real…

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CBRE Selected for Office Leasing at Scottsdale Quarter in Scottsdale, Ariz.

Phoenix, Ariz. – March 17, 2014 – CBRE has been awarded the marketing and leasing assignment for Scottsdale Quarter’s office space. Phase I and II of the premier mixed-use center, which sits on 28 acres at the southeast corner of Scottsdale Road and the Greenway-Hayden Loop, includes 370,000 square feet of upscale retail, restaurant and…

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NorthMarq Capital secures acquisition financing for Greenway Plaza in Phoenix, Ariz.

John M. Stewart, senior vice president of NorthMarq Capital’s Denver based regional office, arranged $3 million acquisition financing for Greenway Plaza, a three building retail property located at 1849-1855 W. Greenway Plaza in Phoenix, Ariz. Financing was based on a 3-year term and 20-year amortization schedule and was arranged for the borrower by NorthMarq through…

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Velocity Retail Group Negotiates First Popeye’s Louisiana Kitchen for Phoenix

Velocity Retail Group, LLC announces that the first newly redesigned prototype for Popeye’s Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe, Arizona.   Dave Cheatham, President, Michael Clark, Vice President and Nick Ault, Associate of Velocity Retail Group represented Popeye’s in the transaction.  The landlord TPP JV…

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Cushman & Wakefield Negotiates CFA Cabinetry’s Relocation To Southwest Phoenix

CFA Cabinetry, a wholesaler of kitchen and bathroom cabinetry, is nearly doubling its warehouse and distribution space with a relocation to 420 S. 53rd Ave.  Cushman & Wakefield of Arizona, Inc. negotiated a five-year lease relocating CFA to a 63,840-square foot facility.  The company is expanding and relocating on May 1 from its 32,000 SF facility…

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