NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million sale of Reno Avenue Self Storage in Oklahoma City. Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of Slovis & Associates represented the buyer, a limited liability company from…

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Broadstone Arts District in Downtown Phoenix Offers Free Rent to Three Local Artists During First-of-its-Kind Artist-in-Residence Contest

Broadstone Arts District, a work of art in its own right, will be giving three lucky artists the chance of a lifetime to live rent-free for four months while developing their craft and making a name for themselves within the downtown Phoenix arts community. “Broadstone Arts District believes in the value of art and its…

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Skanska Begins Work on Arizona Center

Skanska, one of the world’s leading construction and development firms, is beginning construction on upgrades to the Arizona Center located at 455 N. Third Street in Phoenix. This $11.6 million project will provide Arizona Center customers and tenants with an updated and upgraded shopping and dining experience.   Skanska’s scope of work includes an exterior…

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7th annual ABA Backpack Supply Drive donates $25,000 worth of supplies to 500 underprivileged youth

The Arizona Builders Alliance’s (ABA) 7th annual Backpack Supply Drive recently served a total of 500 underprivileged youth with help from more than 90 ABA member companies. The ABA’s 30-membered Community Service Board led the program, which provided foster children at RISE Services, Inc., and students of Children First Leadership Academy with backpacks and school…

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CBRE Negotiates Two New Tenants to Regional Power Center in Tucson

Tucson Spectrum, a 1.1-million-square-foot regional power center at the southwest corner of I-19 and Irvington Road, had two new businesses open this month in the highly-successful center. CBRE’s Nancy McClure and Michael Laatsch negotiated the transactions for the landlord, DDR Corp. Foot Locker Retail, Inc. opened a 5,000-square-foot Foot Locker store at 1221 W. Irvington…

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ARA Newmark Brokers $47.5M Sale of 435-Unit Multi-housing Community in Central Phoenix

ARA, A Newmark Company (ARA Newmark) announces the $47.5 million sale of The Urban, a 435-unit multifamily community located in Phoenix, AZ. Executive Managing Director Brad Goff and Director Chris Canter brokered the off-market sale on behalf of the seller, San Francisco-based FPA Multifamily.  The buyer was Texas-based Knightvest Capital.  The acquisition was Knightvest’s first…

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HFF secures $36.3M financing for 292-unit multi-housing community in downtown Phoenix

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $36.3 million in financing for Capital Place, a 292-unit, Class A multi-housing community in downtown Phoenix. HFF worked exclusively on behalf of the borrower, Epoch Residential, to place the three-year, floating-rate loan with a life company lender.   Capital Place is located on the…

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