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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ARIZONA BUSINESS LEADERSHIP ASSOCIATION NAMES GALLAGHER & KENNEDY ATTORNEY AS NEW MEMBER

The law firm of Gallagher & Kennedy, a full service business law firm, announced today that Jodi R. Bohr has been recognized as a new member of the Arizona Business Leadership Association, an exclusive invitation-only organization of senior executives and professionals, providing members with the opportunity to pursue excellence through its people and programs. Ms.…

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NorthMarq Capital’s Phoenix office arranges $3.37M acquisition financing for office-warehouse property in Tempe

Shari Stults, vice president of NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $3,370,000 million for the Interstate Commerce Center, a 83,385 sq. ft. office/warehouse property located at 2929 South Fair Lane, 2415, 2441, 2507 & 2515 West Erie Drive in Tempe, Ariz.     The transaction was structured with a 20-year term and…

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ARA Newmark Announces the Sale of Gateway on Gilbert Apartment Homes

ARA, a Newmark Company (ARA Newmark) announces the sale of Gateway on Gilbert, a 432-unit apartment community located in Mesa, Ariz.     Denver-based Capital Real Estate purchased the property for $47,200,000 or $98,843 per unit.  ARA Newmark Executive Managing Director Brad Goff and Associate Director Chris Canter represented the seller, Hamilton Zanze & Co.…

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The Rockefeller Group Sells Chandler Corporate Center III

The Rockefeller Group (RGI) today announced the sale of Chandler Corporate Center III, an 81,770 s.f. flex/office building in Chandler, AZ.  The building was the second office building completed by The Rockefeller Group at Chandler Corporate Center.  Colliers International in Greater Phoenix negotiated the sale.   Chandler Corporate Center III was developed by The Rockefeller…

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TruAmerica Multifamily Makes Largest Arizona Investment with $80.9M Apt Buy

TruAmerica Multifamily has made its largest investment in Arizona with the acquisition of Scottsdale Springs, a 644-unit institutional quality multifamily community in Downtown Scottsdale, Ariz. TruAmerica acquired the property from NY-based Abacus Capital Group in an off-market transaction valued at $80.9 million. Located at 7791 East Osborn Road, Scottsdale Springs is the third acquisition in…

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Lincoln Property Company Sells $30 Million Phoenix Industrial Building to XPO

After leasing a Class A Lincoln Property Company (LPC) distribution facility in the heart of Phoenix’s Southeast Valley industrial market for three years, global supply chain leader XPO Supply Chain Inc. has opted to purchase the building for more than $30 million. A top-ten global provider of supply chain solutions, XPO (formerly Menlo Worldwide) originally occupied the LPC…

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Columbia Property Trust Renews Toyota Financial Services Lease for Entirety of San Tan Corporate Center I in Phoenix

Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has signed an 89-month lease renewal with Toyota Financial Services, which will continue to occupy the entire three-story office building known as San Tan Corporate Center I in Chandler, Arizona, a southeast suburban submarket of Phoenix.   Toyota Financial Services (“Toyota”), a subsidiary of Toyota…

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