CHURCHILL COMMERCIAL CAPITAL ARRANGES DEBT FOR TWO MEDICAL OFFICE BUILDINGS

Churchill Commercial Capital, Inc. has arranged $10.15 million in two separate loans on two medical office buildings, both located in Metro Phoenix. A $3,000,000 loan was closed on Thunderbird Professional Centre, located in Peoria, AZ.  The 10 year, fixed rate, non-recourse loan was provided by a life company for an experienced sponsor with whom Churchill…

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NorthMarq Capital’s LA office arranges $6.13M non-recourse bridge loan for Phoenix industrial building

Joe Giordani, vice president of NorthMarq Capital’s Los Angeles-based regional office, arranged a non-recourse bridge loan totaling $6.13 million for a 109,000 sq. ft. industrial flex property located in Phoenix, Arizona. The transaction was structured with a 3-year interest-only term. The floating rate, interest-only transaction featured a 75 percent loan to cost and allowed for…

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METROPOLITAN MIAMI FURTHERS ITS CULINARY COLLECTION WITH THE ADDITION OF RED O TO MET SQUARE

MDM Development LLC announced today that it has signed a lease with Red O, a world-class-relaxed  destination resort environment  that provides distinctive Latin-Mexican inspired exquisite cuisine and discerning service in a lively, sophisticated setting. The first Red O location outside of its California home, the highly acclaimed restaurant will be located on the ground floor…

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JLL Completes Three Leases for Black Rock Coffee Bar’s Arizona Market Entry

On behalf of Black Rock Coffee Bar, the Phoenix office of JLL has completed three leases as part of the company’s Arizona market entry. Black Rock’s first three Arizona coffee shops will be located in Chandler and Mesa, in the eastern portion of metro Phoenix. Each will offer specialty coffee beverages and breakfast and lunch options, delivered in…

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New Asian Fusion Restaurant and Commercial Interiors Showroom Coming to Downtown

A combination Japanese-Chinese restaurant leased approximately 4,800 sq. ft. of retail space at 88 E. Broadway in the TEP headquarters building. The as-yet-unnamed restaurant will be owned by Bin An. The modern eatery, featuring Head Chef Masato Okamoto, will have about 160 seats available inside, with another 80 seats on the 2,500 sq. ft. patio. Next door…

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Graycor Construction Co. Promotes Two to Senior Project Manager

The Southwest division of Graycor Construction Company has promoted Kyle Walker and Geovanni Villalta to the position of senior project manager – a move indicative of the company’s focus on growing its footprint of professionals in the Southwest and fully capitalizing on Graycor’s national platform and capabilities. As Senior Project Managers, Walker and Villalta are…

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Cushman & Wakefield Reps $25.6 Million Multifamily Sale

Cushman & Wakefield announced today the $25.6 million sale of Windemere Apartments, a 224-unit apartment community located at 2020 E. Inverness Avenue in Mesa, Ariz., to San Diego-based Pathfinder Gilbert Holdings, LLC (Pathfinder Partners). Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis of the Phoenix office represented the seller, Phx E. Inverness…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,008-SF 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 AutoZone Ground Lease, a 7,008-square-foot net-leased property located in El Mirage (Phoenix), AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $890,000.…

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Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Center in Phoenix Metro Area

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of 51st & Southern, a 15,498-square-foot multi-tenant retail property in the Phoenix metro area. The purchase price was $2,325,000. Wohl represented the seller, a private investment…

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