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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First Place Announces New Board Member, Rob D. Leinbach

First Place®, an Arizona-based nonprofit serving adults with autism and other special needs, announces the appointment of Rob Leinbach, the former President and COO of Walton Global Holdings (USA), Ltd. (“Walton”), to its Board of Directors. First Place is advancing new residential options for adults with autism and related disorders, and is underway on First Place-Phoenix,…

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HINES COMPLETES 19,000 SF LEASE FOR FINANCIAL RISK AND COMPLIANCE COMPANY EXPANDING TO PHOENIX

Hines, the international real estate firm, today announced it has signed a 19,200-square-foot lease at Renaissance Square for Gabriel Partners, a Cleveland-based financial risk and compliance firm expanding to the Phoenix market. Gabriel Partners will occupy the entire 22nd floor of Two Renaissance Square with collaborative office spaces. Gabriel Partners provides financial and risk analytics, intelligence,…

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