Willmeng Construction named Social Impact finalist at 20th Annual Spirit of Enterprise Awards

Willmeng Construction was a finalist in the Social Impact category at the 20th Annual Spirit of Enterprise Awards, Arizona’s premier celebration of entrepreneurship. Of the 12 finalists, Willmeng was one of only two Valley construction businesses to qualify. The Spirit of Enterprise Awards, hosted by the W.P. Carey School of Business at Arizona State University,…

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CBRE Completes $60 Million Sale of Elevation on Central

CBRE recently completed the sale of Elevation on Central, a 266-unit urban, Class A multifamily community located at 4650 North Central Avenue in Phoenix. Located within Phoenix’s Central Business District, Elevation on Central features clean, contemporary interior finishes and a comprehensive set of resort-style amenities.   An entity of PrivatePortfolio Group purchased Elevation on Central…

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IHOP Portfolio Sale/Leaseback Totals $13.1 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale/leaseback of five International House of Pancakes restaurants in Indiana. The total sales price is $13,148,014. “Utilizing our extensive database, we sourced the perfect all-cash private capital buyer and provided the seller…

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Luxury Silicon Desert Multifamily Asset Sold by IPA for $41.5 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Vive, 194-unit luxury apartment community in Chandler, Ariz. The $41.5 million sales price equates to $214,000 per unit. “Vive is an ultra-luxurious, Class ‘AA’ apartment community with sophisticated,…

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SkySong Inks MindBody To Large Space in New Office Building

SkySong, The ASU Scottsdale Innovation Center is getting another new innovative tenant — one that will take up a big chunk of the newest office building at the project. MindBody, a leading provider of cloud-based business management software for the wellness services industry, signed a long-term lease to occupy 28,229 square feet of SkySong 4, which is now almost 50 percent leased…

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Breakthru Beverage Facility in West Phoenix Sells for $33.5 Million

Colliers International in Greater Phoenix has negotiated the $33,550,000 sale of a 452,271-square-foot industrial facility in West Phoenix occupied by Breakthru Beverage Group. The sale represents one of the highest prices paid per square foot in the market, reflecting the strong dynamics of the West Phoenix industrial submarket.   “The West Phoenix submarket is experiencing…

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