Cassidy Turley Completes $1.375 Million Office Condo Sale at Riverside Office Plaza II

Cassidy Turley announced that it successfully sold 13,419-square-feet, consisting of three office condos, at Riverside Office Plaza II, 1255 West Rio Salado Parkway in Tempe. FP Real Estate Holding, LLC dba Sonoran Spine Center (Phoenix, AZ) purchased the property for $1,375,447 ($102.49/psf) from Southwest Value Partners (Phoenix, AZ). Executive Managing Director Jeffery Wentworth and Vice…


CBRE Multi-Housing Private Capital Group Negotiates Sale of Setting Sun Apartment

CBRE has negotiated the following multi-family sales transaction: Eightysun, LLLP of Vancouver, BC, Canada has purchased the Setting Sun apartment complex, a 28-unit multi-family property located at 6923 N. 80th Ave. in Glendale, Ariz., from Poway, Calif.-based seller Dramms LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating the $870,000 transaction. 

Timberline Place Condominiums in Flagstaff Sells for $11.825 Million

Cassidy Turley sold 102 Class A units at the Timberline Place condominium community located in Flagstaff, Arizona.  Clear Sky Timberline LP, an entity formed by Clear Sky Capital (Marcus Kurschat), a Phoenix based company purchased the property for $11,825,000 / $115,931 per unit.  Executive Managing Directors David Fogler and Steven Nicoluzakis, with Cassidy Turley Arizona’s Multi-Family…


Marcus & Millichap Arranges The Sale of a 17,955-Square Foot Retail Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sierra Crossings, a 17,955-square foot retail property located in Scottsdale, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5.5 million. Mark Ruble and Jamie Medress, investment specialists…


ZELL Commercial Real Estate Announces Recent Transactions

PAPA CHEVO’S TO OPEN RESTAURANT IN  AHWATUKEE FOOTHILLS Papa Chevo’s, a local Mexican restaurant chain, has leased 2,600 square feet in Ranch Circle Plaza located at 4302 E. Ray Road in the Ahwatukee Foothills area of Phoenix, Arizona. Jennifer Eggert and Bryan Ledbetter, CCIM, of ZELL Commercial Real Estate Services, Inc. represented the Landlord, and…


AVANA Capital Helping Commercial Real Estate Brokers Close More Deals Through Innovative Financing

An Arizona-based commercial real estate lender is having a significant nationwide impact by providing innovative commercial real estate loans that are creating growth and allowing businesses to succeed.   AVANA Capital’s innovative approach to commercial real estate lending is helping companies across the country purchase new property and restructure their financial picture. The company is at the leading edge of maximizing the use…