NAI Horizon hires Michael Gaida to bolster business brokerage efforts

NAI Horizon is pleased to announce that Michael Gaida has joined the company as an Associate to help grow and maintain business brokerage initiatives. His primary areas of responsibility will be business brokerage and retail and industrial leasing and brokerage. Past businesses sold have been in the industrial, manufacturing, commercial development, restaurant, and services industries.…

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PALM COURT PLAZA ACQUISITION

A company formed by West Coast Commercial, a Real Estate Development company (Todd M. Lytel, Principal), paid $1,125,000, just under $22.00 psf, to purchase the former Velda Rose Shopping Center in Mesa.  The deal was closed in seven days. The shopping center, conveniently located at 5604 E. Main Street, Mesa, combines more than 51,154 square…

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COMMLOAN’S NEW CTO TO SPEARHEAD RAPIDLY GROWING TECHNOLOGY PLATFORM

CommLoan, a revolutionary commercial mortgage real estate lending platform, announced today that Peeyush Dayal has joined the company’s leadership team as Chief Technology Officer. Dayal, who has been instrumental since the company’s inception, will oversee the company’s technological assets and drive the innovation strategy.   “We are very pleased to have Peeyush join the team,”…

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STOCKDALE CAPITAL AND JASPER RIDGE PARTNERS FORM JOINT VENTURE TO RECAPITALIZE $142.5M GALLERIA CORPORATE CENTER IN SCOTTSDALE

Stockdale Capital Partners and Jasper Ridge Partners have formed an institutional joint venture to recapitalize ownership of the Galleria Corporate Center in Scottsdale, AZ.   The joint venture is the first partnership between the two firms.   Jasper Ridge is a discretionary investment manager with more than $15 billion in assets and offices in Menlo Park,…

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Valley Partnership 2017 Community Project Grant Opportunity

Founded in 1987, Valley Partnership is the real estate industry leader advocating for responsible growth policies through public private partnerships that positively impact growth and economic development. One of our cornerstones is community service. Each year, Valley Partnership selects a non-profit organization that can benefit from the skills, efforts and supplies provided by our members…

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Colliers International Completes $3.5M Sale of a Net Lease Property in Glendale Occupied by Drive Time Automotive Group Inc.

Colliers International in New York City, supported by Greater Phoenix, sold a single-tenant, net-leased retail site located at 5104 W. Glendale for $3.5 million.   Proinvest 99 Glendale AZ, LLC purchased the fully leased property from Verde Investments Inc. Dmitry Levkov, managing director Colliers NYC, in collaboration with local broker Marc Bonilla of Colliers Scottsdale,…

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Robson Resort Communities Wins Top Honors at Eliant Homebuyers’ Choice Awards

For the fifth consecutive year, the Robson Communities, Inc. and its affiliated companies have been recognized with a first place award for Overall First-Year Quality in the High Volume Builder segment at the annual Eliant Homebuyers’ Choice Awards competition. In addition to receiving the Overall First-Year Quality in the High Volume Builder segment, Robson Communities,…

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Sports grill helps Chandler site get back in the game Sigma Contracting, DPA Architects breathe life into area

The ownership team of Blue 32 Sports Grill continued its business plan of expansion by engaging a pair of locally owned companies to design and construct its fourth location, bringing life to a Southeast Valley corner that has been a blight for Chandler residents. Scottsdale-based firms Sigma Contracting and DPA Architects collaborated on the 4,000…

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