BKM CAPITAL PARTNERS ACQUIRES A 535,976-SF VALUE-ADD MULTI-TENANT LIGHT INDUSTRIAL ASSET FOR $58M

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, has acquired Tempe Commerce Park, a 535,976 square-foot, five-building  property in Tempe, Ariz., in a limited marketing transaction for $58 million. This acquisition, which is BKM Capital Partners’ tenth acquisition in the Phoenix metro area this year, was…

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Largest National Brokerage Opens Phoenix Office

Coldwell  Banker  Commercial  Advisors  (CBC  Advisors),  the   largest  Coldwell  Banker  Commercial  affiliate  in  the  world,  today  announced  commercial   real  estate  veterans  Chuck  Wells  and  Trask  Switzenberg  will  lead  the  new  Phoenix  office   as  well  as  the  expansion  of  brokerage  services  throughout  the  region.   “Over  the  past  year,  CBC  Advisors  has  experienced…

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Desert Troon Companies Completes $122M Sale of Partial Perimeter Portfolio in North Scottsdale

Desert Troon Companies, a Scottsdale-based real estate development and investment firm, has completed the $122 million sale of 640,000 square feet of its original 800,000 square foot Class-A commercial office portfolio within the Perimeter Center business park located in North Scottsdale. Tom Knoell, Jr., Director of Commercial Leasing for Desert Troon Companies represented the seller,…

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Tower Capital arranges $12.73 million loan for Hilton Tucson East acquisition

TOWER CAPITAL, a Phoenix-based commercial real estate structured finance firm, announces that Adam Finkel, CCIM, and Kyle McDonough have arranged acquisition financing totaling $12.73 million secured by a 232 room Hilton hotel located in Tucson, Ariz. The property was acquired by a subsidiary of Scottsdale-based Caliber Companies, a full service commercial real estate investment firm.…

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New Income Fund Offers Real Estate Investors Unique Opportunity to Aggressively Grow Money

Resolute Management Group (RMG) announced today that they have launched a new private equity fund.  Rarified Income Fund, LLC (RIF) is an asset-based investment fund focused on small balance real estate (SBRE) lending within the United States, with a regional focus on the Southwest and primarily the major metropolitan areas within Arizona.   Responding to…

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Zocallo Plaza in Scottsdale Sells for $15.55 Million

Cushman & Wakefield announced today the sale of Zocallo Plaza, a 51,195 square foot (sf) strip-retail shopping center located on Scottsdale Road, between Greenway-Hayden Loop and Tierra Buena Lane in Scottsdale, Ariz. for $15.55 million. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Enright Zocallo LP. The buyer was…

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Surging Job Growth Sets Table for Phoenix Industrial Park Sale

With job growth continuing to show year-over-year gains, the Phoenix area is experiencing tremendous industrial activity. On behalf of Invesco, JLL’s Capital Markets experts today announced the sale of the Tempe Commerce Park in Tempe, Arizona. BKM Capital Partners purchased the five-building park, which totals 539,979 square feet of rentable area. Managing Directors Mark Detmer,…

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