Sperry Van Ness Represents the Buyer in the $2.3 Million Sale of Palmera Apartments

Neil Sherman and Carrick Sears, multifamily specialists in the Phoenix office of Sperry Van Ness, represented the buyer, Summit Holdings, LLC, in the sale of Palmera Apartments. The 64-unit multifamily complex is located at 6625 North 17th Avenue in Phoenix, Ariz. and sold for $2.305 million or $46.44 per square foot. Palmera Apartments is currently…

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Velocity Retail Group Appoints Veteran Real Estate Executive Phil Kwiecinski as Director of Operations

Velocity Retail Group announced today that Phil Kwiecinski has joined the firm as Director of Operations and for its affiliated development services company Accelerated Development Services.   Kwiecinski, brings his vast experience as a 10-year veteran of CBRE’s Phoenix office where he was the Senior Operations Manager and most recently the Regional Operations Manager for the states of Arizona,…

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Hendricks-Berkadia Announces Sale of Villamora

Hendricks-Berkadia is pleased to announce the sale of Villamora, located at 2150 S. Arizona Ave. in Chandler, Ariz. The 289-unit apartment community was sold for $32.9 million, or $113,841 per unit. Built in 2001, the two-story, garden-style apartment community offers one-, two- and three-bedroom floor plans. The community amenities include a basketball court, clubhouse, computer room, swimming pool, spa,…

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Owner/User Office Building Sells for $2.15M in Old Town Scottsdale

Nov. 7, 2013- A 7,707 SF offi ce building located at 7000 E. First Ave. in Old Town Scottsdale was recently sold for $2.15 million. Price per square foot was calculated at $278.97. The entity, Laguna Holdings, LLC dba Bigfish Creative Group was the buyer of the property. The design and marketing agency will occupy the space when interior upgrades…

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Cushman & Wakefield Completes $8.6 Million Sale of Colony Apartments in Phoenix

Cushman & Wakefield of Arizona, Inc. has completed the $8.6 million sale of Colony Apartments, located at 4337 N. 53rd Lane in the Maryvale suburb of Metro Phoenix. The property was purchased by CalCap Properties, Inc. of Pasadena, Calif. and sold by Maryvale Urban Investments, LLC dba Bank of America.  Built in 1979, Colony Apartments consists…

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Togo’s Continues Arizona Expansion With Signing of Latest Multi-Unit Agreement in the Phoenix Market

Nov. 6, 2013- Togo’s Eateries, Inc., a “West Coast Original” since 1971, announced today it has signed a development agreement with a new franchise group to open three restaurants in the Greater Phoenix area. The franchisees will develop three restaurants in Ahwatukee, Tempe and Avondale over the next two to three years. This new development…

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Colliers International Completes $7.8 Million Sale of Tempe Office Building to SRP

Colliers International in Greater Phoenix recently served as advisers in the sale of a Tempe Class B office building, 1511 N. Project Drive, to SRP for $7.8 million or $122.97 per square foot. SRP purchased the 61,807 square-foot-building from Altier Credit Union to expand its administrative space. SRP already occupied approximately 40,000 square feet of…

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Helix Capital’s Next Gen Division Purchases Paradise Valley Area Medical Plaza and North Phoenix Industrial Building

Nov. 6, 2013- Two large Phoenix medical office and industrial buildings totaling more than 80,000 square feet have been purchased by the Next Gen Division of Helix Capital, an Arizona-based commercial real estate brokerage, management, investment services and development company. Next Gen PV Medical, LLC purchased a 5.58-acre multi-tenant medical office plaza at 16620 N.…

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Accelerated Development Services Announces the Grand Opening of Tractor Supply at Frontier Crossing in Kingman, Ariz.

Nov. 6, 2013- The grand opening of Tractor Supply will be held November 9th at Frontier Crossing, located at the southeast corner of Interstate 40 and Stockton Hill Road in Kingman, Arizona.  The 25,898 square foot store will join 99 Cent Only and Sears Hometown as part of the tenant lineup for this newly redeveloped shopping…

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RJM Construction renovating new office space for Meritage Homes Corporation in Scottsdale, Ariz.

Nov. 6, 2013- RJM Construction, a Phoenix general contractor, recently began renovations for the new corporate headquarters of Meritage Homes, the ninth-largest public homebuilder in the United States. Its new location will be at 8800 E. Raintree Drive, Scottsdale, Ariz., in the Raintree Corporate Center, a three-story Class A office building. Renovation of the 55,000-sq.-ft.…

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Marcus & Millichap Arranges The Sale of a 126-Room Hospitality Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Days Inn Phoenix West, a 126-room hospitality property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2.6 million. James I. Meng, a hospitality investment specialist…

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