Pivotal Group Appoints Anton Orlich to Managing Director of Private Equity

Pivotal Group is pleased to announce that Anton Orlich has joined Pivotal Group and will serve as Managing Director of its Private Equity practice. Orlich has been appointed to replace Jerry Pence, who recently left Pivotal Group to pursue his entrepreneurial aspirations. Orlich will oversee the Private Equity acquisition and management activities of Pivotal Group.…

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ABI Multifamily Brokers’ $5.53M sale of 182 Affordable Housing Units near Grand Canyon University

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $5,530,000 | $30,385 Per Unit sale of the 182-unit, Alta Vista Village Apartments, located in Phoenix, AZ. Built in several phases from 1959 to 1973, the property features a mix of Studio, 1, 2 and 3-bedroom units, with a weighted…

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Hamilton Zanze Acquires 360-Unit Tresa at Arrowhead Apartments in Phoenix Market

San Francisco-based real estate company Hamilton Zanze (HZ) announced the recent acquisition of Tresa at Arrowhead for $47,000,000 ($130,556/unit). The 360unit Class B+ apartment community is located in Glendale, AZ, approximately 10 miles northwest of Downtown Phoenix.   Tresa at Arrowhead was built in 1998 and is 0.5 miles from the Arrowhead Towne Center and…

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Meritage Homes buys 111 fully improved lots within Watson Estates Master Planned Community in Buckeye

Meritage Homes of Arizona, Inc., purchased 111 fully improved residential lots within the masterplan community of Watson Estates located SW of SWC of Yuma and Watson Roads in Buckeye. Meritage paid $4,551,000.00 ($41,000 per lot) to acquire the lots which are 48’ x 115’. The Seller was Watson Estates Associates, LLC. The transaction was negotiated…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF 8.16 ACRES OF LAND IN PEORIA, AZ FOR TYR TACTICAL

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 8.16 acres of land located on the Northwest corner of 91st Avenue & Olive Avenue in Peoria, Arizona. Chad Dearmore represented the Seller, Narazona Corporation and Scott Truitt, of Western Land Company, LLC represented the buyer.  …

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Colliers International Continues to Expand Retail Services With New Hires

Colliers International in Greater Phoenix announced that Larry Miller, Jr., and John Jackson joined the Phoenix office as associate vice presidents, specializing in the sale and leasing of retail properties, working on behalf of both landlords and tenants. “Larry and John are terrific retail agency brokers who bring extensive experience and an excellent skillset in…

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North American Development Group Unveils Eldorado on 1st

Toronto-based North American Development Group (NADG) and sales and marketing partners AZarchitecture/Jarson & Jarson Real Estate, together with City of Scottsdale officials, today celebrated the groundbreaking of Eldorado on 1st, a new mixed-use residential development concept designed by renowned Phoenix architect Will Bruder. Eldorado on 1st is a collection of seven refined city homes located…

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Phoenix Finance Expert Arranges ACQ Financing for 1.5 Million SF Dallas Project

Cushman & Wakefield announced today that Robert Kline, Managing Director of Equity, Debt and Structured Finance, has represented San Francisco-based Drever Capital Management in arranging the private equity firm acquisition financing for the $65 million purchase of 1401 Elm in Dallas. Drever Capital Management purchased the iconic 50-story 1401 Elm skyscraper in downtown Dallas out…

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Birtcher Anderson Realty Purchases Presson Companies Portfolio for $26.57M

Cushman & Wakefield announced today the sale of the Presson Portfolio, a 312,155 square foot (sf), three property portfolio in Tempe and Mesa, Ariz. Birtcher Anderson Realty, based out of San Juan Capistrano, Calif., purchased the portfolio for $26.57 million from Presson Companies. The Presson Portfolio sale included three properties – Fairmont Commerce Center, 1919…

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Lincoln Property Co. Hires John Orsak as Director of Real Estate

Lincoln Property Company (LPC) Desert West has hired industry veteran John Orsak as Director of Real Estate. Orsak brings 15 years of real estate experience to his new position, with a focus on acquisitions, dispositions, development, leasing and asset management. Orsak previously served as Director of Operations and Project Manager at Hines, and as Senior Director Development…

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