MARCUS & MILLICHAP ARRANGES THE SALE OF A 14,820-SQUARE-FOOT NET-LEASED PROPERTY

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 Walgreens, a 14,820-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $5,466,600. Jamie Medress…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 20,000-SQUARE-FOOT NET-LEASED PROPERTY

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 Goodwill – 15 Year NNN, a 20,000-square foot net-leased property located in Yuma, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for…

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NorthMarq Capital arranges financing for $32 million purchase of One South Church in Tucson, Arizona

John Kinser, vice president and James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office arranged the $25.5 million acquisition financing of One South Church, a 240,811 sq. ft. office property located at 1 South Church Avenue in Tucson, Arizona.   The property is prominently located on the Sun Link Streetcar…

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HINES ANNOUNCES MANAGEMENT PROMOTION AND HIRE AT RENAISSANCE SQUARE

Hines, the international real estate firm, recently promoted Steve Hamel to General Property Manager and hired Lindy Mertins as Property Manager. Both positions are located at Renaissance Square. Hamel oversees a staff of 18 at Renaissance Square. He previously served as Property Manager of Renaissance Square. Through his leadership, Hamel has improved tenant satisfaction, accounting…

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Westcore Properties Acquires $69.4 Million MetLife Southern California Industrial Portfolio

Increasing its already strong presence throughout California’s well-established industrial markets, Westcore Properties is purchasing an infill industrial portfolio from MetLife for $69.4 million. The core-plus acquisition includes eight buildings in four projects consisting of 634,289 square feet of well-located, highly functional properties in the robust industrial markets of Orange County and Inland Empire. Properties included…

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WHERE RETRO MEETS SOPHISTICATION, THE STANDARD IS OLD TOWN SCOTTSDALE’S NEWEST RESIDENT

Experience innovative luxury living at Scottsdale’s newest apartment community, The Standard. Located in the heart of downtown Scottsdale’s thriving cultural and social hub, comes a host of unique apartment homes, drawing inspiration from mid-century modern style.   Adjacent to the Hotel Valley Ho, an iconic 1950s landmark, The Standard blends design elements from the era…

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Lincoln Property Co. Leases 552,330 SF to Distribution User

Investment, development, leasing and management expert Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley.   The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren…

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Colliers International Completes $13.25 Million Sale Of Property in Biltmore Area of Phoenix

Colliers International in Greater Phoenix recently completed the $13.25 million sale of 150,000 square feet of buildings located on 4.4-acres of property in Phoenix. The property will be razed and a new upscale multifamily community constructed on the land. Kaplan Acquisitions LLC of Scottsdale purchased the property, located at 4602 N. 24th St.   Colliers…

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