HFF closes $21.13 million sale of single-tenant office building leased to Home Depot U.S.A., Inc. in Tempe, Arizona

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $21.13 million sale of 1616 West 17th Street, a 111,349-square-foot, newly renovated office building that is fully leased to Home Depot U.S.A., Inc. in Tempe, Arizona. HFF marketed the property on behalf of the seller, Tempe One Investors, LLC, and procured the buyer,…

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SkySong 4 Building Awarded LEED Silver Certification

SkySong 4 Building Awarded LEED Silver Certification   SkySong 4 has joined its fellow office buildings in the project in a very “green” club — and continues to set the standard for office work space innovation. The four-story, 141,000-square-foot office and research building at the intersection of SkySong Boulevard and Innovation Place has achieved Silver LEED certification…

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NorthMarq Capital’s Luke Donahue arranges $5.6 million refinance of industrial property in Phoenix, Arizona

Luke Donahue, senior vice president/senior director of NorthMarq Capital’s Phoenix regional office, secured the $5.6 million refinance of a  140,777 sq. ft. industrial property located at 4524 North 44th Avenue in Phoenix, Arizona. The transaction was structured with an interest only loan that provides good news funds for the transitional asset. NorthMarq arranged financing for…

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Three Fann Contracting Projects Honored with Arizona Transportation Partnering Excellence Awards

Fann Contracting Inc. (Fann) announced today that three roadway projects that they completed were honored with 2016 Arizona Transportation Partnering Excellence Awards, presented at the ACEC Arizona Conference on Roads and Streets in Tucson, Ariz. As the prime contractor, Fann received partnering excellence awards for the Interstate 17 (I-17) McGuireville Rock Fall Containment project, the…

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Industrial Leads Commercial Real Estate Investment Sales in Phoenix

Sales of commercial properties in Greater Phoenix slowed down during first quarter of 2017, according to a report released by Colliers International.  Industrial activity ticked higher as other categories decreased in sales velocity. To access the full report click HERE.   In most cases, prices of commercial properties declined slightly during the first quarter.  This…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 11-UNIT APARTMENT BUILDING

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 4th and 6th Avenue Townhomes, a 11-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,455,000.…

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