On Par: Three New Office Leases, Golf Amenity Push Occupancy at Stonecreek Pointe

Golf course-facing views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. On behalf of building owner HighBrook Investment Management/Cypress Office Properties, the Phoenix office of JLL has completed almost 30,000 square feet in new leases to Premier Business Centers, Vertical Measures and People’s Mortgage. The leases bring…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,850-SQUARE-FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Jack in the Box Ground Lease, a 2,850-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset…

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Macdonald Development Corporation Partnering with Spike Lawrence, ARC Construction on Downtown Tempe Project

Vancouver, British Columbia-based Macdonald Development Corporation (MDC) is expanding its Arizona presence with the purchase of 0.403 acres of CC-zoned land in downtown Tempe, Ariz., which the company will develop in partnership with current landowner Spike Lawrence and Bill Borders of Phoenix-based ARC Construction.   MDC purchased a 50 percent interest in the land, which…

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Partnership pays $13.6MM cash for +/-33 acre planned power center site in Gilbert

In its second Valley purchase to date, Nevada developers Remington Nevada (David Delzotto, owner-developer) and Intercapital Development have once again teamed up with locally-based Capital Asset Management to purchase a prime 32.9-acre site located on the southwest corner of Williams Field Road and SanTan Parkway in Gilbert, Ariz.  The site, cash purchased for $13,613,437, will…

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EverWest Real Estate Partners Expands Arizona Team with Amr Ceran

Signifying its sustained growth in the Arizona market, EverWest Real Estate Partners has added Amr Ceran as Senior Director in the company’s Phoenix office.   Ceran will provide leadership for EverWest’s Phoenix office and will manage EverWest’s Arizona real estate portfolio, including investment strategies, redevelopment and lease-up strategies. At the same time, EverWest has promoted…

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Optima Kierland Opens to Highly Receptive Market

Optima Kierland, a high-rise luxury condominium community in the North Scottsdale Kierland neighborhood, has opened for sales to a highly receptive market, with an exuberant homebuyer response to the $500 million project, which represents the next evolution of sophisticated urban living and design for Optima, designer and developer of distinctive, architecturally significant communities in Phoenix,…

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TruAmerica Expands Phoenix Portfolio with 379-Unit Tempe Buy

In one of the largest apartment transactions this year in Phoenix, TruAmerica Multifamily and institutional capital partner Investcorp have acquired Little Cottonwoods, a 379-unit multifamily community in Tempe for $56.7 million. This is the third and largest multifamily investment in the Phoenix area for TruAmerica and its fourth joint venture with Investcorp in fifteen months.…

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