Firm Hires Christine Mueller to Oversee Existing Portfolio and Assist in Acquiring Value-Add Apartment Deals

Christine Mueller has joined 29th Street Capital (29SC) as an Associate focusing on Phoenix, Las Vegas & San Diego.  Mueller is responsible for all facets of the privately-held real estate investment and advisory firm’s asset management strategies and will be vital piece of the multifamily acquisition platform including assisting 29SC expand into the San Diego…

Details

BERKADIA COMPLETES $12.5 MILLION SALE OF ARIZONA MULTIFAMILY PROPERTY

Berkadia today announced the recent $12.5 million sale of Superstition Villas, a multifamily property located in Mesa, Arizona. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne and Associate Tom Wolff of the Phoenix office facilitated the transaction, which closed on July 1. The seller was Arizona-based MRI Saddlehorn Superstition Investment…

Details

McShane Construction Company Marks Significant Progress at New 630,000 S.F. Medical Supplies Distribution Center in Phoenix

Milt Elmer, Vice President of McShane Construction Company’s Southwest Region, is pleased to announce that the firm is making on-time progress at the new Medline distribution center in Phoenix. Currently under construction on a design/build basis on the southwest corner of 87th Avenue and Buckeye Road, the facility will allow the firm to consolidate its…

Details

CBRE Finalizes Sale of 644-unit Multifamily Community in Scottsdale

CBRE has finalized the sale of Scottsdale Springs, a 644-unit multifamily community located in Downtown Scottsdale, Arizona at 7791 East Osborn Road. The property commanded a sale price of $80.9 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, New York, NY-based…

Details

Caliber Purchases Hilton Tucson East Hotel In The Heart Tucson’s Business District

Caliber Hospitality, a division of Caliber – The Wealth Development Company, today announced the successful acquisition of the 7-story, 232-guest room, Hilton Tucson East in Tucson, Arizona, for $9.27 Million. Ideally located within the heart of the Tucson Business District along with 12,000 sq. ft. of abundant meeting/convention space, a resort-style pool and upgraded dining…

Details

ARIZONA BUSINESS LEADERSHIP ASSOCIATION NAMES GALLAGHER & KENNEDY ATTORNEY AS NEW MEMBER

The law firm of Gallagher & Kennedy, a full service business law firm, announced today that Jodi R. Bohr has been recognized as a new member of the Arizona Business Leadership Association, an exclusive invitation-only organization of senior executives and professionals, providing members with the opportunity to pursue excellence through its people and programs. Ms.…

Details

NorthMarq Capital’s Phoenix office arranges $3.37M acquisition financing for office-warehouse property in Tempe

Shari Stults, vice president of NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $3,370,000 million for the Interstate Commerce Center, a 83,385 sq. ft. office/warehouse property located at 2929 South Fair Lane, 2415, 2441, 2507 & 2515 West Erie Drive in Tempe, Ariz.     The transaction was structured with a 20-year term and…

Details

ARA Newmark Announces the Sale of Gateway on Gilbert Apartment Homes

ARA, a Newmark Company (ARA Newmark) announces the sale of Gateway on Gilbert, a 432-unit apartment community located in Mesa, Ariz.     Denver-based Capital Real Estate purchased the property for $47,200,000 or $98,843 per unit.  ARA Newmark Executive Managing Director Brad Goff and Associate Director Chris Canter represented the seller, Hamilton Zanze & Co.…

Details

The Rockefeller Group Sells Chandler Corporate Center III

The Rockefeller Group (RGI) today announced the sale of Chandler Corporate Center III, an 81,770 s.f. flex/office building in Chandler, AZ.  The building was the second office building completed by The Rockefeller Group at Chandler Corporate Center.  Colliers International in Greater Phoenix negotiated the sale.   Chandler Corporate Center III was developed by The Rockefeller…

Details