ViaWest Group Adds Downtown Industrial to Growing Portfolio

Phoenix-based ViaWest Group closed on their sixth industrial acquisition in the past eighteen months further expanding their Southwestern U.S. focused industrial platform.  ViaWest paid $5.76 million for the 89,423 SF industrial building located directly across from Chase Field near the corner of 7th Street and Jackson Street centered in the heart of downtown Phoenix.  The…

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Stiles Completes Coral Ridge Shopping Center with New Tenants Teed Up

Stiles, a Fort Lauderdale-based full-service real estate development firm, announced today the completion of The Enclave Shops at Coral Ridge, a 27,300-square-foot retail shopping center located at the entrance of Coral Ridge’s newest single-family home community. The center features The Fresh Market, which occupies 21,000 square feet, along with inline retail shops and a bank…

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HSL Properties and Cottonwood Properties Purchase the Ritz Carlton, Dove Mountain Resort

Both Cottonwood and HSL are Tucson based companies with long standing commitments to the metro Tucson region. The hotel was sold by affiliates of both Cottonwood Properties and of Marriott International. The purchase closed on June 28, 2016. Financing was provided by National Bank of Arizona.   “The Ritz-Carlton, Dove Mountain is a special place.…

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Alliance Bank of Arizona Awarded “George Lyons IOLTA Partnering Bank” for 2nd Consecutive Year

Alliance Bank of Arizona, a division of Western Alliance Bank, the state’s largest headquartered bank, has won the “George Lyons Interest on Lawyers Trust Accounts (IOLTA) Partnering Bank” award for the second year in a row from the Arizona Bar Association.   The “George Lyons IOLTA Partnering Bank” award recognizes banks that maintain a strong…

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NAI Horizon’s Barbara Lloyd appointed to City of Tempe Development Review Commission

Barbara Lloyd, CCIM, a Senior Vice President at NAI Horizon, has been appointed to the City of Tempe Development Review Commission. Lloyd, a member of the NAI Investment Services Group, will serve as an alternate member of the commission for a 3-year term. The commission comprises seven members and three alternates. Alternate members serve at…

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MARCUS & MILLICHAP ARRANGES SALE OF A 2,094-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 Starbucks, a 2,094-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $2,264,500. Jamie Medress, Mark…

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CBRE Completes $42.65M Sale of Highland Park and Park View

CBRE has finalized the sale of Highland Park and Park View, two multifamily communities totaling 472 units and located in dynamic Tempe, Arizona. Together, the properties commanded a sale price $42.65 million. A joint venture sponsored by Scottsdale, Ariz.-based Everest Holdings purchased the communities from San Diego, Calif.-based Stratford Partners. Tyler Anderson, Sean Cunningham, Asher…

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