Avnet Headquarters Sold to Cole Office & Industrial REIT (CCIT II), Inc.

The corporate headquarters of Avnet, Inc. has been sold to Cole Office & Industrial REIT (CCIT II), Inc. of Phoenix.  The Class A, 176,402-square-foot building at 2211 S. 47th St. has been the technology company’s worldwide headquarters since 1997. “This signature property provided an opportunity to acquire a global corporate headquarters with a long-term, investment…

Details

HOUSING TRUST GROUP BREAKS GROUND ON 325-UNIT LUXURY APARTMENT COMMUNITY NEAR PHOENIX

Housing Trust Group (HTG), a leading multifamily developer, has closed on financing and broken ground on Aviva, a new $63 million, multifamily development in Mesa, Arizona. The luxury gated community, located at 8350 East Baseline Road, will consist of 325 one-, two-, and three-bedroom apartments, a large state-of-the-art clubhouse, a 150-foot resort-style pool, and extensive green…

Details

Willmeng Construction named Social Impact finalist at 20th Annual Spirit of Enterprise Awards

Willmeng Construction was a finalist in the Social Impact category at the 20th Annual Spirit of Enterprise Awards, Arizona’s premier celebration of entrepreneurship. Of the 12 finalists, Willmeng was one of only two Valley construction businesses to qualify. The Spirit of Enterprise Awards, hosted by the W.P. Carey School of Business at Arizona State University,…

Details

CBRE Completes $60 Million Sale of Elevation on Central

CBRE recently completed the sale of Elevation on Central, a 266-unit urban, Class A multifamily community located at 4650 North Central Avenue in Phoenix. Located within Phoenix’s Central Business District, Elevation on Central features clean, contemporary interior finishes and a comprehensive set of resort-style amenities.   An entity of PrivatePortfolio Group purchased Elevation on Central…

Details

IHOP Portfolio Sale/Leaseback Totals $13.1 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale/leaseback of five International House of Pancakes restaurants in Indiana. The total sales price is $13,148,014. “Utilizing our extensive database, we sourced the perfect all-cash private capital buyer and provided the seller…

Details

Luxury Silicon Desert Multifamily Asset Sold by IPA for $41.5 Million

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 Vive, 194-unit luxury apartment community in Chandler, Ariz. The $41.5 million sales price equates to $214,000 per unit. “Vive is an ultra-luxurious, Class ‘AA’ apartment community with sophisticated,…

Details