CBRE Completes $33.5 Million Sale of Bayside at the Islands Apartment Homes in Gilbert, Ariz.

CBRE has completed the sale of Bayside at the Islands, a 272-unit apartment community located at 1300 West Warner Road in Gilbert, Arizona. The property commanded a sale price of $33.5 million and was 96% occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the…

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PHOENIX’S TOMA PARTNERS REAL ESTATE AFFILIATES WITH CENTURY 21 REAL ESTATE LLC

Phoenix-based independent real estate company Toma Partners Real Estate announced today that it will now operate as CENTURY 21 Toma Partners, a real estate brokerage franchise affiliate of Century 21 Real Estate LLC. The company will provide full-service real estate services to buyers and sellers throughout Phoenix and central Arizona. “The primary reason why we…

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Northgate Business Center and Blackhawk Corporate Center I in Deer Valley Sell for $29.5M

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Northgate Business Center and Blackhawk Corporate Center I, located at the interchange of Interstate 17 and Loop 101, have been sold to a New York investor for approximately $29.5 million. Cushman & Wakefield’s Eric Wichterman, Mike Coover, Tim Whittemore and Mike…

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Sun State Builders Announces the Groundbreaking of DC Logistics and DC Freight

Sun State Builders is proud to announce the groundbreaking of a new state-of-the-art transportation, warehouse and distribution center for DC Logistics in the 43rd Avenue Industrial Park in Phoenix. The new 45,000-SF building features great freeway access, 40’ x 40’ bays, 24’ clear height, a gated truck yard, and 2,000 SF of corporate offices. This…

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THE ALTER GROUP ANNOUNCES TWO NEW LEASES AT RIVERWALK ARIZONA

The Alter Group announces two leases at Riverwalk Arizona (www.riverwalkarizona.com), a 176-acre mixed-use business park in Scottsdale, AZ.  Mytek Network Solutions, LLC will lease 8,333 SF of space, and City Market Deli signed for 2,349SF; both companies will occupy the 7500 N. Dobson Road facility. Michael J. Alter, President of the Chicago-based national corporate real…

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Mayor Stanton, Councilmembers Valenzuela & Pastor, County Supervisor Hickman, Phoenix & Maricopa County IDAs to Hold Oct. 27 Press Conference

City and county officials are holding a press conference October 27 to announce the expansion of the Home in Five Advantage program to provide additional mortgage down payment assistance for first responders and teachers. More than 7,600 individuals have purchased homes through the program, receiving over $60 million in down payment assistance on $1.3 billion…

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Colliers International HSK Multifamily Team closes Palos Verde Fairways Apartments

A group of tenant-in-common investors headed by Erik Mattson of Portland, Oregon paid $2,475,000 ($42,672 per unit) to buy 58 unit condominium units within the 68-units Palos Verde Fairways condominium project located 6525 N. 15th Ave. in Phoenix.   The seller was a group of lenders headed by Jack Hilton of Hilton Financial Corporation, who…

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