Cassidy Turley Completes $1.075 Million Sale of the Arizona Stone Building

Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold a ±8,000-square-foot class B industrial property on 3.55 acres located at 4502 E Virginia St. in Mesa, Ariz. RBS Investments, LLC purchased the property for $1,075,000 ($134.37/psf) as an investment from The Richard R. Schmid Charitable Remainder Trust. Vice…

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NorthMarq Arranges $15.33 Million Mortgage for Desert Harbor Apartments

John Kinser and Luke Donahue of NorthMarq’s  Phoenix regional office arranged acquisition financing of $15.33 million for Desert Harbor Apartments, a 264-unit, market-rate multifamily property located at 8885 West Thunderbird Road in Peoria, Arizona.  Financing was based on 10-year term and a 30-year amortization period.  NorthMarq arranged this financing for the borrower, Desert Harbor, LLC,…

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Stacie Harrison Joins CBRE’s Healthcare Services Group as Vice President

CBRE has announced that Stacie Harrison has joined the firm’s Healthcare Services Group in Phoenix, Ariz. as a vice president. Harrison will focus her attention on the dynamic local healthcare market, and will be providing services to healthcare systems, practice groups, healthcare providers, medical building owners, and others in the ever-changing healthcare industry. “CBRE is…

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Camelback Esplanade to Undergo Extensive Remodel

Camelback Esplanade, Phoenix’s premier mixed-use project, is launching a multi-million dollar modernization of Esplanade I and II. MetLife, owner of four Camelback Esplanade towers, will start the venture with an update of lobby areas and corridors in Tower I, 2425 E. Camelback Rd. The improvements, which will start this month, include new Italian Botticino marble…

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Cassidy Turley Completes $1.07 Million Sale of Deer Valley Industrial

Cassidy Turley announced they successfully sold 21601 N. 21st Avenue, a ±13,068-square-foot warehouse property in Phoenix. Bunker Hill, LLC. (Phoenix, AZ), purchased the property for $1,078,00 ($82.49/psf) from High Altitude Holdings, LLC (Anthem, AZ). John Pompay of Cassidy Turley’s Industrial Group represented the Buyer. Eric Bell and Mike Ciosek, with VOIT Real Estate Services negotiated…

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Voit Coordinates $2.775 Million Sale of Avondale Office Building

Darren Tappen of Voit Real Estate Services’ Phoenix office & Pete Beauchamp of Voit Real Estate Services’ Newport Beach office successfully directed the $2.775 million sale of a 31,030 square-foot office building in Avondale, on behalf of the seller, LBCMT2007-C3 OFFICE 125, LLC. The buyer, City of Avondale, will use this property for professional office…

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Layton Construction Announces New Leadership Position Hire

Layton Construction Co., Inc., a nationally-ranked commercial contractor, has hired Brock Grayson, a licensed architect with over 16 years of experience, as vice president of their Arizona business unit. Grayson has overseen the design and construction of over 100 million square feet of projects in the western United States, with design experience including office, manufacturing,…

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CBRE Arranges $23.5 Million Sale of Elliot Corporate Center

CBRE arranged the sale of Elliot Corporate Center located at 875 W. Elliot Road in Tempe, Ariz. The 223,392 square-foot office building commanded a sale price of $23.5 million, or $105.20 per square-foot. Jim Fijan and Will Mast with CBRE’s Phoenix office represented the seller, tenants-in-common owners through Costa Mesa, Calif.-based Thompson National Properties LLC…

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