MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $2,650,000 or $126,190 PER UNIT

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 The Shorewood, a recently renovated mid-century art deco style apartment building in the Midtown Phoenix corridor. The asset commanded a sales price of $2,650,000 or $126,190 a unit. Brian…

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NAI Horizon promotes Shelby Tworek to Senior Vice President

NAI Horizon is proud to announce that Shelby Tworek has been promoted to Senior Vice President. Shelby has 14 years of experience in all aspects of the retail industry ranging from shopping center development and redevelopment, property disposition, leasing and landlord and tenant representation.  His client base ranges from institutional and individual owners to local…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 6,300-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 SurgCenter of Tucson, a 6,300-square foot net-leased property located in Tucson, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,970,000. Jamie…

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Resource Real Estate Opportunity REIT II Acquires Breckenridge Apartment Homes

Resource Real Estate Opportunity REIT II, Inc. (“Opportunity REIT II”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc., today announced the acquisition of the Breckenridge Apartment Homes (“Breckenridge”) in Portland, Oregon.   Breckenridge is a 357-unit garden style multifamily residential community built in 1985 and consisting of 270,240 net rentable square…

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Cleared for Takeoff: Positioning Valley Airports as Economic Engines

Valley Partnership has announced the topic for its June 24 breakfast. This month’s panel will feature presentations from economic development officials on three of the Valley’s municipal airports. Experts will share their strategic plans and outline upcoming opportunities for the real estate and development communities.   The panel will feature Shea Joachim, Business Development Director,…

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SRS Real Estate Partners Welcomes Travis Fidel to National Net Lease Group in Newport Beach Office

SRS Real Estate Partners welcomes Travis Fidel as an associate in the Newport Beach office. He is joining the National Net Lease Group (NNLG) established by Matthew Mousavi and Patrick Luther, where he will focus on single-tenant net lease investment properties, 1031 exchange buyer tracking and fulfillment, and will be responsible for cross-selling all NNLG…

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McShane Construction Selected for 172,000 S.F. Speculative Industrial Development in Phoenix

Milt Elmer, Vice President of McShane Construction Company’s Southwest Region, is pleased to announce that the California-based partnership of Griffin Opportunities LLC, Adam Norvell and Walter Cale, has awarded the firm the comprehensive construction of Desert Gateway – a two-building speculative industrial development located in Phoenix. The project is under construction on a 10-acre parcel…

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