IO Acquires Nine Acres Adjacent to Phoenix Airport to Build Largest Renewable-Power Data Center in U.S.

Cushman & Wakefield, a global leader in commercial real estate services, announced today that IO has acquired 9.08 acres at the northeast corner of 48th and VanBuren streets near Sky Harbor International Airport for $8.55 million. The company plans to build the country’s largest renewable-powered data center with an estimated investment of more than $500…

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ALTER ANNOUNCES R-TECH, A 150,000 SF CO-WORKING SPACE AT RIVERWALK ARIZONA GLOBALTRANZ INC. SIGNS 70,347 SF LEASE

Alter announces R-Tech, a major new collaborative and creative office space at its Riverwalk Arizona (www.riverwalkarizona.com), a 176-acre mixed-use business park in Scottsdale, AZ.  GlobalTranz Inc. (www.globaltranz.com) will be the inaugural tenant, signing a 70,347 SF lease to expand its sales and operations space. Michael J. Alter, President of the Chicago-based national corporate real estate…

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MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY PORTFOLIO FOR $5,112,000 or $72,000 PER UNIT

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 the Lin Lor Portfolio, a 71-unit portfolio comprising of four properties located in the Camelback Corridor and Biltmore Area in Phoenix. The asset commanded a sales price of $5,112,000.…

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Optima bringing distinctive architectural vision, next evolution of luxury urban living, design to Optima Kierland

Optima is introducing its next evolution of sophisticated urban living and design with the announcement of Optima Kierland, a new community featuring Optima’s award-winning architectural vision and high-rise luxury living, now being constructed at Kierland in North Scottsdale. Optima Kierland, situated on 9.5 acres at Scottsdale Road and Kierland Boulevard, showcases signature Optima architecture design…

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Harvard and Lincoln Buy, Build to Assemble 425,000 SF Waypoint Campus

With the just-closed, $34.34 million office acquisition of Riverview Point, Harvard Investments and Lincoln Property Company (LPC) will combine new construction with existing buildings to establish a 425,861-square-foot, Class A office campus at the borders of Tempe, Scottsdale and Mesa, Ariz. The new development, branded collectively as Waypoint, will combine Harvard and LPC’s recently delivered…

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FIDENT CAPITAL EXPANDS TEAM WITH NEW ANALYST

Fident Capital, a local boutique real estate investment bank, is expanding its team with the recent addition of Analyst Blake Schoenberg. With a diverse real estate development background and a strong academic foundation, Schoenberg joins Fident Capital supporting all production activities. Over his career, he has evaluated various site locations, potential acquisition targets, and due…

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Hensley & Co. Pre-leases ±112,669-Sq.-Ft. of New Spec Product at Santa Fe Logistics Center in Phoenix

CBRE has announced that Hensley Beverage Company has pre-leased ±112,669 square feet of new speculative product at Sante Fe Logistics Center. The building, which is located at 4450 N. 45th Ave. in Phoenix, will total ±367,963 square feet upon completion. Pat Feeney, Danny Calihan and Rusty Kennedy with CBRE’s Phoenix office negotiated the long-term lease…

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Prologis Takes Downtown Phoenix Industrial Buildings For $14.5M

Prologis, the global leader of industrial real estate has acquired three industrial buildings totalling approximately 334,000 SF in Downtown Phoenix at 1630, 1710 and 1720 E. Grant St. for $14,500,000. Stein Koss and Tom Louer, Principals with Lee & Associates’ Koss | Louer Team, brokered the transaction between the publicly-traded REIT Prologis and the seller,…

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Hunt Companies Completes Acquisition of Forest City Military Housing Assets with Long-Term Contracts

Hunt Companies, Inc. (Hunt) has closed on its transaction with Forest City Enterprises to acquire Forest City’s privatized military housing business unit, Forest City Military Communities (FCMC). The acquisition includes FCMC’s entire portfolio of privatized military housing assets, including the associated equity interests and service contracts. With this acquisition, Hunt will add approximately 15,000 privatized…

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Ryley Carlock & Applewhite Welcomes Lorena Van Assche to the Firm

Ryley Carlock & Applewhite is pleased to announce that Lorena C. Van Assche has joined the firm’s Litigation Practice Group. As a litigator, Van Assche aggressively protects and advances her clients’ interests. She helps business leaders confront and resolve a wide variety of disputes in state, federal, and bankruptcy courts. Her clients include financial institutions,…

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