New Pinal County AZ Development to Offer Automotive and Motorcycle Racing Entertainment Magnets, Drive Jobs to Region

Danrick Builders of Chandler announces it is developing Attesa, a 2,360-acre recreational motorsports destination in Pinal County that will create a global magnet for entertainment and an economic engine for the region.  The development will promote thought leadership for transportation design innovation, and educational partnerships with universities conducting automotive research and development. Attesa will have…

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Daum Negotiates $1.95M Sale of Industrial Building in Glendale

Daum Commercial Real Estate Services has negotiated the $1.95 million sale of a 50,000-square-foot industrial building located on five acres at 4932 W. Pasadena Ave.in Glendale. Carl Johnson, executive vice president of Daum Phoenix represented the seller, Three Star Properties of Knoxville, Tenn. Rick Danis of Cushman & Wakefield represented the buyer, New West Holdings,…

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McCarthy Building Companies Promotes Dhruv Patel to Vice President of Engineering, Procurement and Construction

Dhruv Patel, Engineering, Procurement and Construction (EPC) director for solar installations at McCarthy Building Companies Inc., was recently promoted to vice president of EPC within the company’s growing Renewable Energy team. In this role, Patel will use his experience in the solar industry to oversee a diverse portfolio of solar and energy related projects across…

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29th Street Capital Acquires Sixth Phoenix/East Valley Property

29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Park Tower Apartments, a 180-unit multifamily community in Chandler, Arizona. 29SC’s strategy is to invest $883,000 into renovations to significantly upgrade the interiors and to enhance the exterior of the apartments. This is the sixth acquisition 29SC has made in the…

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Veteran gets ‘like-new’ car with help of Lewis Roca Rothgerber Christie donation

Air Force veteran Mick Shapiro received the keys to a virtually ‘new’ car before Military Appreciation Day at the Arizona Diamondbacks baseball game Sunday, thanks to a community service program supported in part with a donation from Lewis Roca Rothgerber Christie LLP.   The vehicle presentation was coordinated through GEICO and Recycled Rides, a nationwide…

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$45.5 Million Ahwatukee Foothills Multifamily Community Sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Arboretum at South Mountain, a 312-unit apartment community in Ahwatukee Foothills, an urban village adjacent to South Mountain Park in Phoenix. The $45.5 million sales price equates to…

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KEYSER ADDS VETERAN REAL ESTATE ATTORNEY TO INDUSTRIAL BROKERAGE DIVISION

Keyser is pleased to welcome veteran real estate attorney Roger Owers to its rapidly growing industrial practice group as a commercial real estate advisor.  Mr. Owers brings 15 years of commercial real estate legal experience to Keyser, and will be responsible for helping to service Keyser’s rapidly expanding local, national and global client base. “We…

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WESTERN WEALTH CAPITAL BUYS PHOENIX APARTMENT PORTFOLIO

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Greater PHX IV Portfolio, a four-property, 748-unit, real-estate-owned portfolio located in Phoenix and Mesa, Ariz. to Western Wealth Capital LTD, a Vancouver, Canada-based multiple-unit rental property investment firm. The…

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STRATEGIC STORAGE GROWTH TRUST, INC. (SSGT) ACQUIRES BRAND NEW SELF STORAGE DEVELOPMENT IN PHOENIX

Strategic Storage Growth Trust, Inc. (SSGT), which is sponsored by SmartStop Asset Management, LLC, recently closed on its first “certificate of occupancy” transaction. The newly- constructed facility is located in the South Mountain Village area of Phoenix. “We are excited to complete our first top-of-the-line, brand-new facility in a prime market like Phoenix,” said H.…

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