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…

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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…

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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…

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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…

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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…

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Colliers International in Greater Phoenix Sells Two Tucson Apartment Communities for A Total of $13+ Million

Colliers International in Greater Phoenix has negotiated the sale of two Tucson apartment complexes in transactions totaling $13+ million.  The properties were purchased by private investors and are part of a trend moving investment money to Tucson where cap rates and property prices are more appealing than metro Phoenix.   “Multifamily buyers are beginning to…

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Tratt Properties Repositions with Consolidation of its Portfolio & Purchase of a 1M-SF Amazon Fulfillment Property

In late 2016, Tratt Properties finalized the sales of the Jim Holdings, LLC building in Spartanburg, SC and the newly constructed 376,963 SF Santa Fe Logistics Center in Phoenix. The 573,210 SF Jim Holdings, LLC property with 30’ clear height was originally purchased by Tratt Properties in 2007 with Adidas as the tenant. They owned…

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