Small Giants Positions Self as Leader in CRE Aerial Photography with FAA Certified Drone Pilot

This year, Brianna Nessler of Small Giants completed the hard work involved to become the first female certified drone pilot specifically specializing in Phoenix’s commercial real estate industry. Her deep understanding of the new regulations position her as a top resource for legal and safe commercial real estate aerial photography. Nessler keeps herself knowledgeable in…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF 162,960-SF INDUSTRIAL DISTRIBUTION BUILDING

Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a multi-tenant industrial distribution building located at 2915 E Washington Street in Phoenix. The building is approximately 162,960 SF and is conveniently situated on 5.74 acres just north of Phoenix Sky Harbor International Airport.  …

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Kierland Village Center Sold for $34.5 Million

Cushman & Wakefield announced today that Kierland Village Center, a grocery and drug anchored neighborhood shopping center located at the southeast corner of 64th Street and Greenway Road in Scottsdale, Ariz., sold for $34.5 million to Chicago-based LaSalle Investment Management. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller, Kierland…

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Industrial Trends and Investments on the Rise in the Phoenix Market

The Phoenix industrial market has become a substantial revenue-generating investment in the valley.  According to the US Capital Trends, the industrial market brought in $3.2 billion in July transaction volume alone. According to Real Capital Analytics, the Phoenix market is above average compared to other industrial markets across the United States.  SVN advisor and newcomer…

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Springwood Apartments in West Phoenix Sell for $8 Million

Springwood Apartments at 2540 N. 51st Ave. have been sold for $8,080,000 to a California private investor.  The sale is part of the dynamic multifamily investment market attracting out-of-state buyers to Phoenix. “This buyer recognizes a terrific value-add opportunity in this property,” says Trevor Koskovich, executive vice president with Colliers International in Greater Phoenix.  “The…

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$43.6 Million Sale of Flagstaff Luxury Apartment Homes

Cushman & Wakefield announced today the sale of The Lodge, a 252-unit luxury apartment community, located at 3601 South Lake Mary Road in Flagstaff, Ariz. Exchange Services, a qualified intermediary for SK5-ELA, LLC (Keller Investment Properties, LLC), purchased the property for $43.6 million. Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis of…

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BERKADIA COMPLETES $31.5 MILLION SALE OF TUCSON, ARIZONA MULTIFAMILY PROPERTY

Berkadia announced today the recent sale of The Springs at Silverbell, a multifamily property located in Tucson, Arizona. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office, and Senior Managing Director Mark Forrester and Managing Director Ric Holway of the Phoenix office completed the sale for $31.5 million to Bascom…

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PATHFINDER PARTNERS CONCLUDES TWO MULTIFAMILY ACQUISITIONS FOR $34.1 MILLION IN PHOENIX AREA

Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic real estate investments, has acquired two Phoenix-area multifamily communities totaling 300 units. According to Lorne Polger, senior managing director of Pathfinder Partners, the transactions include the $25.6 million acquisition of Windemere Apartments, a 224-unit community built in 1986 at 2020 East Inverness Avenue in Mesa,…

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Arizona Builders Alliance announces new Student Services Administrator for apprenticeship programs

The Arizona Builders Alliance (ABA) has announced Saturn Ontiveros Jr. as Student Services Administrator. In this role, which is new to the ABA, Ontiveros will guide and counsel over 300 students of the ABA’s four apprenticeship programs— electrical, heavy equipment operator, diesel mechanic or surveying. “The students are people from all walks of life who…

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