Marcus & Millichap Sells 22-Unit Coronado Apartments in Scottsdale for $1.42M

Marcus & Millichap Real Estate Investment Services has announced the sale of Coronado Apartments, a 22-unit apartment community located in Scottsdale, Arizona. The asset commanded a sales price of $1,420,000 or $64,545 a unit.Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property…

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Cassidy Turley Represents National Credit Union Administration in Lease

Cassidy Turley announced it successfully negotiated a lease renewal on behalf of the National Credit Union Administration (NCUA) at Papago Buttes Corporate Plaza, 1230 W. Washington Street. Mark Seale and Peter Menna with Cassidy Turley’s Office Tenant Representation Group negotiated the transaction on behalf of National Credit Union. Tony Hepner with Metro Commercial Properties, the building’s…

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Velocity Retail Group Appoints Veteran Real Estate Executive Greg Coxon as COO

Velocity Retail Group announced today Greg Coxon has been appointed Chief Operating Officer of the firm and its affiliated development company Accelerated Development Services. Coxon is a seasoned real estate executive who most recently was the President of Brokerage Services for Grubb & Ellis, and then transitioned that role to Executive Vice President and Regional…

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Marcus & Millichap Arranges the Sale of 139-unit Country Gables

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Country Gables, a 139-unit apartment property located in Glendale, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $6,500,000. Cliff David, Steve Gebing and Rich Butler, all vice president…

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Cassidy Turley Completes $3.5 Million Sale of Blackhawk Corporate Center II

Cassidy-Turley announced it successfully sold Blackhawk Corporate Center II, a ±36,724-square-foot class B office building at 3050 West Agua Fria Freeway in Phoenix. Valley Schools Trust (Phoenix, AZ) purchased the property for $3,517,500 ($95.78 psf) from Special Servicer LNR Partners, LLC (John Mitchell, Vice President, REO Asset Management) of Miami Beach, FL. Executive Vice Presidents…

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RiverRock Selected To Manage 3.2M SF Office and Industrial Portfolio in Calif., Ariz.

RiverRock Real Estate Group, a West Coast-based commercial real estate management and leasing firm, announced AEW Capital Management (AEW) has awarded it the management of a 3.2 million-square-foot portfolio of office and industrial space located in southern California and Arizona. In the past 12 months, RiverRock has grown its management portfolio by 9.1 million square…

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