NorthMarq Capital’s Phoenix office arranges $18.2 million refinance of class “A” multifamily property in Plano, Texas

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix regional office secured the $18.2 million refinance of The Encore Apartments, a 240-unit class “A” multifamily property located at 4700 Tribeca Lane in Plano, Texas. The transaction was structured with a 10-year interest only loan. NorthMarq arranged financing for the borrower through its Fannie Mae…

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Nationally Renowned RE Developer, The Alter Group, Announces Rebrand of Company

The Alter Group has changed its name to Alter (www.altergroup.com). The name change is accompanied by a major rebrand of the 61-year-old national corporate real estate development firm, including a new logo and a multimedia website which launched this January.  Michael J. Alter, President of Alter, announced the expansion.   “The new name is both…

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Liberty Property Trust Continues Development Momentum at Liberty Center at Rio Salado in Tempe, Ariz.

Liberty Property Trust today announced that it has reached three milestone points in its development of Liberty Center at Rio Salado, its newest commercial real estate park in Tempe. In November the company broke ground on a 135,663 square foot building at 1930 W. Rio Salado Parkway.  In addition, it has officially opened its 96,000…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 76-UNIT APARTMENT BUILDING

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 Casa Antigua, a 76-unit apartment property located in Sierra Vista, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5,100,000. Hamid Panahi,…

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Raintree Corporate Center Phases I & II Acquired by ViaWest Group for $52 MM

ViaWest Group, in a joint venture with Contrarian Capital Management, of Greenwich, CT, added to its already expansive portfolio of office and industrial properties with its acquisition of Raintree Corporate Center Phases I & II (15111 and 15333 N. Pima Rd., Scottsdale, AZ). The $52 million purchase was executed through Auction.Com, and includes two buildings…

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Paul Saffo to Keynote ULI Arizona’s 2016 Real Estate Trends Day Focused on ‘The Next 10 Years’

The Urban Land Institute (ULI) has selected Paul Saffo, a highly respected forecaster of large-scale, long-term change as the 2016 Trends Day Keynote. Governor Doug Ducey and Arizona State University President Michael Crow will also lead compelling discussions centered on Arizona’s future. Saffo teaches at Stanford University and chairs the Future Studies and Forecasting track…

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ViaWest Group Launches Renovation of Biltmore Financial Center

ViaWest Group is launching a multi-million dollar renovation of the Biltmore Financial Center, three Class A office buildings totaling approximately 635,000 square feet at the northwest corner of 24th Street and Camelback in Phoenix. ViaWest is committed to maintaining the legacy of the Biltmore Financial Center while evolving the property for today’s more collaborative work…

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Landmark Property in Old Town Scottsdale Sold for $1.25 Million

Colliers International negotiated the $1.25 million investment sale of the former Pottery Paradise property located in Old Town at 4338 N. Scottsdale Rd., in Scottsdale, Ariz. The site is currently fully leased to a Mexican food restaurant, Diego Pops. Stan Sanchez, senior vice president with Colliers, represented the seller, Pottery Paradise, Inc., of Scottsdale, Arizona.…

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