Valley’s top market leaders come together for CoreNet Global Arizona’s “Midyear Market Update: Brokers’ Perspective”

The 2016 commercial real estate industry in the Valley is showing signs of growth at midyear. But what lies ahead for the next six months in regards to job creation, vacancy rates and available capital? These and other topics will be discussed at the “Midyear Market Update: Brokers’ Perspective,” presented by CoreNet Global Arizona, June…

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EVERGREEN DEVELOPMENT & TRACHMAN-INDEVCO FORMALLY ACQUIRE 5.32 ACRES FOR RETAIL, COMMERCIAL PROJECT IN PERRIS, CA

Evergreen Development and Trachman-Indevco have officially closed on the purchase of 5.32 acres of property from Walmart to develop a series of shops and pads near the newly-constructed Walmart Supercenter on the corner of Citrus Avenue and Perris Boulevard in Perris, California. The purchase is part of a joint venture with Trachman-Indevco, LLC, a California-based…

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Centrally Located Jackson Street Industrial Offers Value-Add Infill Opportunity

Newmark Grubb Knight Frank (NGKF), announces the sale of Jackson Street Industrial by Tiernay Properties Inc., a 307,164-square-foot industrial property located on four city blocks in central Phoenix. Built in the 1920s, the property was originally home to the Arizona Compress and Warehouse Co. building. Located at 1245-1555 E. Jackson Street, the warehouse was built…

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Liv Apartment Communities’ Team Members and Residents Fought to End Cancer at the Annual Relay For Life of Chandler

Four teams of more than 40 team members and residents of Liv communities  participated in the American Cancer Society Relay For Life of Chandler, AZ event on April 29, 2016 at Basha High School in Chandler.   The Liv apartment communities hosted several fundraising events over six months leading up to the event, raising $10,000 to help the…

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Pivotal Group Appoints Anton Orlich to Managing Director of Private Equity

Pivotal Group is pleased to announce that Anton Orlich has joined Pivotal Group and will serve as Managing Director of its Private Equity practice. Orlich has been appointed to replace Jerry Pence, who recently left Pivotal Group to pursue his entrepreneurial aspirations. Orlich will oversee the Private Equity acquisition and management activities of Pivotal Group.…

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ABI Multifamily Brokers’ $5.53M sale of 182 Affordable Housing Units near Grand Canyon University

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $5,530,000 | $30,385 Per Unit sale of the 182-unit, Alta Vista Village Apartments, located in Phoenix, AZ. Built in several phases from 1959 to 1973, the property features a mix of Studio, 1, 2 and 3-bedroom units, with a weighted…

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Hamilton Zanze Acquires 360-Unit Tresa at Arrowhead Apartments in Phoenix Market

San Francisco-based real estate company Hamilton Zanze (HZ) announced the recent acquisition of Tresa at Arrowhead for $47,000,000 ($130,556/unit). The 360unit Class B+ apartment community is located in Glendale, AZ, approximately 10 miles northwest of Downtown Phoenix.   Tresa at Arrowhead was built in 1998 and is 0.5 miles from the Arrowhead Towne Center and…

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Meritage Homes buys 111 fully improved lots within Watson Estates Master Planned Community in Buckeye

Meritage Homes of Arizona, Inc., purchased 111 fully improved residential lots within the masterplan community of Watson Estates located SW of SWC of Yuma and Watson Roads in Buckeye. Meritage paid $4,551,000.00 ($41,000 per lot) to acquire the lots which are 48’ x 115’. The Seller was Watson Estates Associates, LLC. The transaction was negotiated…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF 8.16 ACRES OF LAND IN PEORIA, AZ FOR TYR TACTICAL

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 8.16 acres of land located on the Northwest corner of 91st Avenue & Olive Avenue in Peoria, Arizona. Chad Dearmore represented the Seller, Narazona Corporation and Scott Truitt, of Western Land Company, LLC represented the buyer.  …

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Colliers International Continues to Expand Retail Services With New Hires

Colliers International in Greater Phoenix announced that Larry Miller, Jr., and John Jackson joined the Phoenix office as associate vice presidents, specializing in the sale and leasing of retail properties, working on behalf of both landlords and tenants. “Larry and John are terrific retail agency brokers who bring extensive experience and an excellent skillset in…

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