LUXURY LIVING COMING TO “EASY STREET”

A $50 million, exclusive condominium project is coming to Carefree.  Easy Street will feature 44 luxurious, amenity-stocked condos ranging in price from $600,000 to $2,500,000.  The project features some of Arizona’s most scenic mountain views and a resort-level lifestyle that’s completely new to the Desert Foothills north of Scottsdale.   “Easy Street represents the region’s…

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Opus to Develop ±390,000-Sq.-Ft. Industrial Project West of Phoenix Sky Harbor International Airport

In October, Opus Development Company, LLC purchased a 23-acre parcel of land at the northeast corner of 7th and Elwood Streets in Phoenix. The company has plans to develop a ±390,000-square-foot industrial property on the site. The project is being called Opus Airport Industrial and will break ground in February. John Werstler, Cooper Fratt and…

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ABI Multifamily Releases Year End 2015 Multifamily Construction Pipeline Report for the Phoenix MSA

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the release of the Phoenix MSA’s Year End 2015 Construction Pipeline Report. The Construction Pipeline Report, released quarterly, provides information on all multifamily construction activity, 50+ unit properties, throughout the greater MSA. “2015 was truly a remarkable year for the Phoenix…

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Ryley Carlock & Applewhite Welcomes Jason Cassidy to the Firm

Ryley Carlock & Applewhite is pleased to announce that Jason L. Cassidy has joined the firm’s Litigation Practice Group. Cassidy works with clients to resolve disputes involving the Federal Tort Claims Act, real estate, defamation, land use/zoning, discrimination, ADA/disability issues, bankruptcy, the False Claims Act, contracts, state and federal laws, and a wide variety of…

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Roosevelt Business Park in Southwest Phoenix Sells for $14.9 Million

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Roosevelt Business Park, a four-building industrial park at 7150 W. Roosevelt, has been sold for $14.9 million. Cushman & Wakefield Senior Vice President Gary Anderson, Senior Managing Directors Paul Boyle and Rick Danis, along with Associate Mike Gilbert negotiated the sale…

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KNIGHT MANAGEMENT HIRES LINDSAY BENNETT AS BUSINESS DEVELOPER

Knight Management, a leading commercial property management firm in Metro Phoenix for nearly 40 years, has hired Lindsay M. Bennett as Business Developer for the firm.   Ms. Bennett will be responsible for new business generation, strategically researching opportunities for the company and networking within the commercial real estate industry to establish new customers.  She…

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Fortune 50 Tenant Lands at Renovated Building in ASU Research Park

Demand for modern office space within the ASU Research Park remains high, as confirmed by the delivery and partial lease-up of Nexus @ ASU Research Park, a 123,863-square-foot, Class A office building recently renovated and reintroduced to the market by owner ViaWest Group.   Prior to ViaWest’s renovation this two-story, functionally obsolete R&D building had…

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Plaza Companies’ Brokerage Services Team Ends Successful Year with $56 Million in New Sales, Leases for 2015

Plaza Companies’ Brokerage Services Team impacted the medical office marketplace and ended a vibrant year in 2015 with robust sales and leasing numbers. As the commercial and medical office real estate market continued its growth, the Brokerage Services Team tallied a total of $39 million in new lease deals from 111 new and renewed leases…

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SVN | Desert Commercial Advisors Office Team closes deal in 6 days to avoid foreclosure

Office team advisors, Justin Horwitz and Jonathan Levy recently sold Arrowhead Tech Center for $510,000.000 to James Rizzo of Prescott, AZ.  The SVN advisors in the transaction represented the sale of three lease suites at 17437 N. 71st Drive in Glendale, Ariz. The buyer, Rizzo was represented by Skylar Bennett of Menlo Group Commercial Real…

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MARCUS & MILLICHAP SELLS TWO MULTIFAMILY PROPERTIES IN CENTRAL PHOENIX FOR A COMBINED $3,225,000

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 Campbell Apartments and Fountain Springs Apartments which sold in two separate transactions. Campbell Apartments, a 24 unit building, commanded a sales price of $1,825,000 or $76,042 per unit. Fountain…

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Paradise Valley Corporate Center in Scottsdale Sells for $37.4 Million

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Executive Director Chris Toci and Director Chad Littell negotiated the sale transaction of Paradise Valley Corporate Center for $37.4 million. Team Toci of Cushman & Wakefield represented the Seller who sold the property to Buchanan Street Partners of Newport Beach, Calif.…

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COMMERCIAL PROPERTIES REPORTS ON 2016 OUTLOOK & RECENT TRANSACTIONS

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is happy to report its Top Five December transactions and a brief outlook for 2016.   Leroy Breinholt, President and Designated Broker reports, “The Phoenix Market has emerged from recovery mode to a more healthy status for the commercial real estate sector as we…

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