Startup Launches First Ever Lending Platform BCRM Group, Funds Real Estate Due Diligence Deposits

BCRM Group LLC, a real-estate deposit funding startup, will fund earnest money deposits for real estate acquisitions in the United States.   In response to the previously unaddressed demand for capital, owners Ben Cohn and Randy Modell formed BCRM Group. Unlike anyone else in the industry, the company offers buyers reasonably priced immediate financing for…

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Earthworks Environmental moves to offices at Gilbert’s Heritage District

After working for almost two years out of Queen Creek, Cherie Koester, Principal of Earthworks Environmental, moved her staff into offices in the highly- sought-after Gilbert Heritage District. Koester, 37, founded the company in September 2014. Earthworks’ services include storm water pollution prevention, dust control and construction safety compliances. The firm primarily serves land developers,…

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$34.35 Million East Valley Multifamily Property Sale Arranged by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Whispering Meadows a 432-unit apartment property in Mesa. The $34.35 million sales price equates to nearly $80,000 per unit. “The property is advantageously located within Mesa’s re-emerging business…

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NAI Horizon negotiates $1.95 million investment property sale in Tempe

NAI Horizon Senior Vice President Mark Wilcke represented the seller in the $1.95 million sale of a multi-tenant, automotive retail/office investment property at 2404 and 2412 N. Scottsdale Rd., in Tempe. NAI Horizon represented Scottsdale Equity LLC of Los Angeles in the transaction. The 17,418-square-foot retail/office asset is 100 percent occupied. Located on the NWC…

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Firm Hires Christine Mueller to Oversee Existing Portfolio and Assist in Acquiring Value-Add Apartment Deals

Christine Mueller has joined 29th Street Capital (29SC) as an Associate focusing on Phoenix, Las Vegas & San Diego.  Mueller is responsible for all facets of the privately-held real estate investment and advisory firm’s asset management strategies and will be vital piece of the multifamily acquisition platform including assisting 29SC expand into the San Diego…

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BERKADIA COMPLETES $12.5 MILLION SALE OF ARIZONA MULTIFAMILY PROPERTY

Berkadia today announced the recent $12.5 million sale of Superstition Villas, a multifamily property located in Mesa, Arizona. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne and Associate Tom Wolff of the Phoenix office facilitated the transaction, which closed on July 1. The seller was Arizona-based MRI Saddlehorn Superstition Investment…

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McShane Construction Company Marks Significant Progress at New 630,000 S.F. Medical Supplies Distribution Center in Phoenix

Milt Elmer, Vice President of McShane Construction Company’s Southwest Region, is pleased to announce that the firm is making on-time progress at the new Medline distribution center in Phoenix. Currently under construction on a design/build basis on the southwest corner of 87th Avenue and Buckeye Road, the facility will allow the firm to consolidate its…

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CBRE Finalizes Sale of 644-unit Multifamily Community in Scottsdale

CBRE has finalized the sale of Scottsdale Springs, a 644-unit multifamily community located in Downtown Scottsdale, Arizona at 7791 East Osborn Road. The property commanded a sale price of $80.9 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, New York, NY-based…

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Caliber Purchases Hilton Tucson East Hotel In The Heart Tucson’s Business District

Caliber Hospitality, a division of Caliber – The Wealth Development Company, today announced the successful acquisition of the 7-story, 232-guest room, Hilton Tucson East in Tucson, Arizona, for $9.27 Million. Ideally located within the heart of the Tucson Business District along with 12,000 sq. ft. of abundant meeting/convention space, a resort-style pool and upgraded dining…

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