Willmeng Construction named Social Impact finalist at 20th Annual Spirit of Enterprise Awards

Willmeng Construction was a finalist in the Social Impact category at the 20th Annual Spirit of Enterprise Awards, Arizona’s premier celebration of entrepreneurship. Of the 12 finalists, Willmeng was one of only two Valley construction businesses to qualify. The Spirit of Enterprise Awards, hosted by the W.P. Carey School of Business at Arizona State University,…

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CBRE Completes $60 Million Sale of Elevation on Central

CBRE recently completed the sale of Elevation on Central, a 266-unit urban, Class A multifamily community located at 4650 North Central Avenue in Phoenix. Located within Phoenix’s Central Business District, Elevation on Central features clean, contemporary interior finishes and a comprehensive set of resort-style amenities.   An entity of PrivatePortfolio Group purchased Elevation on Central…

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Fenix Development Purchases LA Fitness Property for $9.85 Million

Cushman & Wakefield announced today that Fenix Development purchased the land occupied by LA Fitness, located at 13220 N. Scottsdale Road in Scottsdale, Ariz., from Bayport Scottsdale Road Associates, LP for $9.85 million. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the buyer in the transaction. Making headway in…

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IHOP Portfolio Sale/Leaseback Totals $13.1 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale/leaseback of five International House of Pancakes restaurants in Indiana. The total sales price is $13,148,014. “Utilizing our extensive database, we sourced the perfect all-cash private capital buyer and provided the seller…

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Luxury Silicon Desert Multifamily Asset Sold by IPA for $41.5 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Vive, 194-unit luxury apartment community in Chandler, Ariz. The $41.5 million sales price equates to $214,000 per unit. “Vive is an ultra-luxurious, Class ‘AA’ apartment community with sophisticated,…

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SkySong Inks MindBody To Large Space in New Office Building

SkySong, The ASU Scottsdale Innovation Center is getting another new innovative tenant — one that will take up a big chunk of the newest office building at the project. MindBody, a leading provider of cloud-based business management software for the wellness services industry, signed a long-term lease to occupy 28,229 square feet of SkySong 4, which is now almost 50 percent leased…

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PORTFOLIO OF FIVE FLORIDA SCHOOLS SELLS FOR $71.48 MILLION

A portfolio of five charter school properties in Florida has been sold for $71,480,000.  The transaction is one of the country’s largest educational-based property deals, striking a new level of prominence for this category of commercial real estate.   “This marks a watershed moment in the educational asset sector,” says Todd Noel, Executive Vice President…

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Breakthru Beverage Facility in West Phoenix Sells for $33.5 Million

Colliers International in Greater Phoenix has negotiated the $33,550,000 sale of a 452,271-square-foot industrial facility in West Phoenix occupied by Breakthru Beverage Group. The sale represents one of the highest prices paid per square foot in the market, reflecting the strong dynamics of the West Phoenix industrial submarket.   “The West Phoenix submarket is experiencing…

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NAI Horizon negotiates Ahwatukee land sale for self-storage facility

NAI Horizon Senior Vice President Denise Nuñez represented the buyer in a $580,000 land sale for the construction of a 104,000-square-foot self-storage facility at Desert Foothills Parkway and Marketplace Way in Ahwatukee. Nuñez, with NAI Horizon’s National Self Storage Investment Group, represented Arizona-based 1784 Capital Holdings LLC. “We chose this site for its rare opportunity…

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