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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Lincoln Property Company Sells Five-Building Phoenix Industrial Portfolio

In a $37.98 million deal, Lincoln Property Company (LPC) has completed the sale of a five-building Northwest Phoenix industrial portfolio to Colorado-based REIT Industrial Property Trust, Inc. The deal, which includes Lincoln Deer Valley and Lincoln Pinnacle Park assets, represents the powerful driving force of Phoenix’s mid-size industrial user. “This is a perfect example of the success…

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TEMPE, MESA, CHANDLER, AND GILBERT CREATING A SENSE OF PLACE, VIBRANCY AS DOWNTOWNS ARE FLOURISHING IN SOUTHEAST VALLEY

With a combined population of more than 1  million, Tempe, Mesa, Chandler and Gilbert comprise one of the nation’s fastest-growing regions. Even though they are in the suburbs, each is creating an urban buzz through development and redevelopment of their respective downtowns. The downtown revival of four Southeast Valley cities will be discussed by a…

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IGT Sells Las Vegas Campus to Panattoni Development Company

Panattoni Development announced its purchase of the IGT operating headquarters and manufacturing campus located on 6355 S. Buffalo Drive in the highly desirable southwest submarket of Las Vegas. According to Doug Roberts, local partner with Panattoni Development, the company plans to reposition the investment as a multi-tenant property available for lease. The 6355 S. Buffalo…

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±415,788-SF Private University Campus Sold in Clinton, Iowa

Colliers International in Greater Phoenix, along with Howes & Jefferies Realtors in Iowa, completed the sale of the private Ashford University campus and athletic complex encompassing four locations in Clinton, Iowa.   The property consists of 11 buildings totaling ±415,788 square feet situated on ±153.1 acres and includes several classroom buildings, special facilities, three residence…

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