Sarah Ludwig joins NAI as Director of Marketing & Communications

Sarah Ludwig has joined NAI Horizon as Director of Marketing and Communications. Ludwig’s responsibilities will include managing all aspects of marketing for NAI Horizon and its agents including advertising and media; overseeing corporate branding guidelines; and the design and content for marketing materials.   A native of Geneva, Ill., Ludwig joins the Phoenix office after…

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Lakeview Village at Morrison Ranch Sells for $17.97 Million

Cushman & Wakefield announced today the sale of Lakeview Village, a grocery-anchored neighborhood shopping center located in the Morrison Ranch master-planned community, at the southeast corner of Elliot and Higley Roads in Gilbert, Ariz. for $17.97 million. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller, Lakeview Village Center, LLC…

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GALLAGHER & KENNEDY EXPANDS FIRM’S LITIGATION PRACTICE GROUP WITH ADDITION OF THREE ATTORNEYS

The law firm of Gallagher & Kennedy, a full service business law firm, has announced that John P. Flynn, shareholder, Peter J. Moolenaar, of counsel and Katherine E. Hollist, associate, have joined the firm’s litigation practice group.     Mr. Flynn’s and Mr. Moolenaar’s experience not only expands the breadth of the practice, but also…

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BERKADIA COMPLETES $15.5 MILLION SALE OF ARIZONA MULTIFAMILY PROPERTY

Berkadia today announced the recent sale of Park Shadows, a multifamily property located in Goodyear, Arizona. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne and Associate Tom Wolff of the Phoenix office facilitated the $15.5 million sale that closed on July 22. The buyer, JB Partners, LLC, a Nevada limited…

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CBRE Sets Record Low Cap Rate in Sale of Kneaders in Phoenix Arcadia Neighborhood

CBRE has completed the sale of a single-tenant, Kneaders Bakery & Café located in the affluent Arcadia neighborhood of Phoenix at 4126 East Indian School Road. Four Foods Group (FFG Development, LLC) bought the land and just completed construction on the 4,055-square-foot retail property.   Joseph R. Compagno and Andrew K. Fosberg with CBRE’s Phoenix…

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CBRE Completes $10.85 Million Sale of 104,880-Sq.-Ft. Single-Tenant JCPenney in Phoenix

CBRE has completed the sale of a single-tenant, JCPenney located in the Ahwatukee Foothills, on East Ray Road and the I-10 freeway. Joseph R. Compagno with CBRE’s Phoenix office represented the seller, Yorktown Corporation of Santa Cruz, Calif., and the buyer, GRT Ray JCP, LLC of Santa Monica, Calif. The 104,880-square-foot retail property commanded a…

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Daum Negotiates $7M 22-acre Industrial Land Purchase in Deer Valley

Daum Commercial Real Estate Services has negotiated the 22-acre industrial land purchase located at the southeast corner of 23rd Ave. and Alameda in Deer Valley.   The transaction was made successful through Robert Lundstedt, Trevor McKendry, and Chris Rogers of Daum Phoenix, who represented both the buyer, Griffin Opportunities of Los Angeles and the seller,…

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Lincoln Village Apartments in Phoenix Sell for $6.1+ Million

Colliers International of Greater Phoenix has negotiated the $6,175,000 sale of Lincoln Village apartments at 2211 W. Campbell Ave. in Central Phoenix. “Lincoln Village is a perfect example of a property purchased to take advantage of rapid rising rents in the recovering west side of Phoenix,” says Trevor Koskovich, executive vice president of Colliers International. …

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