First Place AZ Breaks Ground on 56 Apartments, Residential Training Program & National Leadership Institute in Phoenix

First Place®AZ broke ground today on First Place-Phoenix, a new $15 million residential property for adults with autism and different abilities with a one-of-a-kind approach to combining apartments, a residential training program and a national leadership institute to advance more independent and community integrated living options. Joining in the groundbreaking were Phoenix Mayor Greg Stanton;…

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Lee & Associates Represent Buyer, Seller in $4.7M Freeport Center Sale

  Four Lee & Associates brokers recently negotiated the $4,700,000 all-cash sale of a 75,786 SF industrial warehouse building at Freeport Center, 5520 W. Maricopa St., Phoenix. The price per SF was $62.02.   Lee & Associates Principals Allen Lowe and Steve Farrell negotiated on behalf of the seller, Maricopa-Phoenix (KBP), LLC. Principals Rick Robertson…

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Accredited Investors Celebrate Caliber’s Recent Acquisition of Hilton Phoenix Airport Hotel

The 47th Street Phoenix Airport LLC, an entity wholly owned by investors, the Caliber Distressed Real Estate Income Fund (CDIF, LLC) and managed by Caliber Hospitality, a division of Caliber – The Wealth Development Company, announces it has successfully closed on its largest acquisition to date, the four-story, 259-guest room, Hilton Phoenix Airport Hotel in…

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Phoenix Sky Harbor International Airport Creates a Destination Inside Terminal 3

The first of a three-part phased modernization of Terminal 3 at Phoenix Sky Harbor International Airport today opened its doors to the public.    “We orchestrated the design team to create an unforgettable experience for passengers and visitors alike – an experience that only Arizona could offer,” said Steve Rao, AIA, LEED AP, president of…

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Johnson Carlier Recently Completed the Mercedes-Benz of Gilbert Dealership

This new $12 M, 93,300 SF, two-story, AMG Dealership is placed on a 7.0 acre site located in Gilbert, Ariz. The building includes a two-story post tension parking garage and ramp, elevator, 26 bay vehicle service center, four sprinter van service bays, full service carwash, detail bays, partially enclosed service drive, a three-story parts interior racking and…

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JLL Relocates Orcutt | Winslow; Maintains Central Corridor Presence

The Phoenix office of JLL has completed a 21,390-square-foot, long-term lease that relocates the corporate headquarters of Orcutt | Winslow (www.owp.com) into a new building on the Central Corridor, continuing the architecture, planning and interior design firm’s decades-long presence in metro Phoenix’s Central Business District. The new lease moves Orcutt | Winslow from Phoenix Corporate Center, at…

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Scottsdale Airpark Industrial Building Sells for $2.1M

ORION Investment Real Estate is proud to announce the sale of the industrial warehouse building located at 15210 North 75th Street in Scottsdale for $2,100,000 ($145/SF). Built in 1994, and totaling 14,500 square feet, the property is centrally located in the Scottsdale Airpark. The Airport, and its surrounding Commerce Airpark, is Scottsdale’s only industrial-zoned area.…

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ULI ARIZONA EARNS AWARD FOR SUPPORT OF RESIDENTIAL OPTIONS FOR ADULTS WITH AUTISM

Urban Land Institute (ULI) has awarded ULI Arizona the top national ULI District Council Impact Award for the Council’s groundbreaking work since 2004 addressing the residential needs and options for adults with autism, through partnership with the Southwest Autism Research & Resource Center (SARRC), First Place®AZ and Arizona State University (ASU), and culminating in the…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 8,375-SF NET-LEASED 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 Firestone Complete Auto Care, a 8,375-square foot net-leased property located in Mesa, Ariz., according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for…

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