Stockdale Capital Partners Celebrates Ribbon Cutting at their Aloft Hotel in Scottsdale

On Wednesday, January 25, Stockdale Capital Partners celebrated the opening of their newly-remodeled Aloft hotel in Scottsdale’s vibrant Downtown Entertainment District with a formal ribbon cutting. Among the attendees were Mayor Jim Lane, Councilwoman Linda Milhaven and Scottsdale Chamber of Commerce President and CEO, Mark Hiegel. The 126-room, pet-friendly Aloft is located at 4415 North…

Details

MARCUS & MILLICHAP ARRANGES THE SALE OF A 6,023-SQUARE FOOT RETAIL PROPERTY

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 The Shops at Mission Royale, a 6,023-square foot retail property located in Casa Grande, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold…

Details

JLL Launches 3131 and 3133 Camelback Buildings for Sale

On behalf of TR Camelback Corp., the Phoenix office of JLL has been assigned the listing agreement for 3131 and 3133 Camelback, a two-building office property located at the southwest corner of Camelback Road and 32nd Street, on one of the most prominent corners in Phoenix’s prestigious Camelback Corridor. JLL Senior Managing Director Dennis Desmond and Managing Director Lynn LaChapelle represent TR…

Details

Scottsdale development firm purchases land in Maryland for construction of Class-A, self-storage facility

Scottsdale-based 1784 Capital Holdings LLC intends to develop a self-storage facility on 1.5 acres in Bethesda, Md. The company acquired the property at 5204 River Rd., for $11 million. It will redevelop the site, which is occupied by a tenant. “The Bethesda area has extraordinary demographics and extraordinary market fundamentals,” said Shane Albers, chairman and…

Details

COMMLOAN ADDS SECOND INDUSTRY EXPERT TO ITS LEADERSHIP

CommLoan, a Scottsdale-based, early stage commercial mortgage lending technology company, announced today that Art Carll-Tangora has joined the leadership team as Chief Development Officer. Carll-Tangora will be responsible for strategic planning, business development and enhancing CommLoan’s footprint in the marketplace. “I am thrilled to have Art join our team,” said Mitch Ginsberg, co-founder and CEO…

Details

Thorofare Capital Funds $19 M Loan to Refi Phoenix Assisted Living Facility

Los Angeles, CA (January 31, 2017) Thorofare Capital has provided an affiliate ArciTerra Companies LLC, with a $19 million fixed-rate bridge loan for the refinancing of MorningStar at Arcadia, a 135-bed Assisted Living Facility in Phoenix, AZ. Located on 1.12-acre site at 3200 E. Glenrosa Avenue, MorningStar at Arcadia features 80 senior living, and 30…

Details

CONSTRUCTION EMPLOYMENT DECLINES IN 110 OUT OF 358 METRO AREAS AS BUSINESSES URGE PRESIDENT TRUMP TO DELIVER ON INFRASTRUCTURE PROMISE

Construction employment declined in 110 out of 358 metro areas between December 2015 and December 2016, was stagnant in another 65 and increased in 183, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the disappointing new jobs data coincides with data…

Details

VESTAR ACQUIRES TWIN CREEKS MARKETPLACE IN DALLAS SUBURB

Vestar, one of the leading privately held real estate companies in the western United States, announced today that it has acquired Twin Creeks Marketplace, a 43,134-square foot grocery-anchored neighborhood center located at 1265 W. Exchange Parkway in the Dallas, Texas suburb of Allen. In 2016, Brandon Beeson from EDGE Capital Markets brokered the deal on…

Details

MARCUS & MILLICHAP ARRANGES THE SALE OF A 318-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 Cordova Village, a 318-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $8,000,000. Hamid Panahi, Cliff…

Details