NGKF Retail Represents Bealls, Inc. in Southwest Regional Expansion

Newmark Grubb Knight Frank (NGKF) announced the Southwest expansion of privately-owned Bealls, Inc. (Bealls Outlet and Burkes Outlet), a national off-price retailer, in Phoenix, Albuquerque, Tucson and Las Vegas. Represented by Tim Westfall and Joe Doucett with NGKF Arizona Retail, Bealls, Inc. closed seven transactions in the last quarter for more than 136,000 square feet.…

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BERKADIA COMPLETES $36 MILLION SALE OF ARIZONA MULTIFAMILY PROPERTY

Berkadia today announced the recent sale of the Bellagio Apartments, a multifamily property located in Scottsdale, Arizona. The $36.25 million sale was completed on March 31, reflecting a $179,455 per-unit price. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Vice President Dan Cheyne and Associate Tom Wolff of the Phoenix office helped facilitate the…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,023-SQUARE FOOT 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 Taco Bell Ground Lease, a 2,023-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $1,400,000.…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,000-SQUARE FOOT 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 O’Reilly Auto Parts, a 7,000-square foot net-leased property located in Tucson, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,250,000. Mark…

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LGE Design Build completes 40,000 SF Video West Inc. office/warehouse headquarters in Phoenix

LGE Design Build has completed construction on Video West Inc.’s new 40,000-square-foot office/warehouse headquarters in Phoenix. Video West Inc., a national audio visual rental and staging company, moved from Tempe to the new location at 1050 N. 52nd Street, doubling the size of its former space. The new building provides expedited shipping and receiving capabilities,…

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Healthcare Trust of America, Inc. Announces 1Q 2016 Acquisitions and Investment Pipeline

Healthcare Trust of America, Inc. (NYSE: HTA or the “Company”) announced today its investment activity for the beginning of 2016. This includes total investments closed in the first quarter of 2016 of approximately $163 million and an additional $210 million of investments under signed purchase and sale agreements expected to close primarily in the second…

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Living Art: 118-unit Infill Development to Open in Phoenix This Summer

Downtown Phoenix will see another multifamily property rise from the ashes of a decades-old building this summer. Proxy333, located at 333 E. McKinley St., immediately west of the Biomed campus, is being co-developed by Scottsdale’s Tilton Development Company and Seattle-based Goodman Real Estate. The 118-unit, six-story urban infill project is scheduled to open for occupancy…

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The Opus Group® Announces Appointment of Dustin Slack as Vice President

The Opus Group (Opus) announced today that Dustin Slack has joined Opus Development Company, L.L.C. as vice president, real estate development. In his new role, Dustin will be responsible for sourcing new development opportunities. “Dustin is a seasoned real estate developer who brings incredible value to our team,” said Larry Pobuda, senior vice president and…

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