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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SimonCRE Purchases 2-Story Office Building for New Headquarters

Commercial real estate developer SimonCRE purchased an existing +/-7,756 SF, two-story plus basement office building located at 6900 East 2nd Street in Scottsdale, Ariz., that will become the new SimonCRE headquarters. SimonCRE has grown from three employees to sixteen in just over a year. SimonCRE will be renovating the exterior facade, updating the landscaping, and completing an interior…

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NorthMarq Capital arranges permanent financing of $3,055,000 and equity of $987,000 for Sunflower Apartments in Tucson, Ariz.

NorthMarq Capital’s Denver office arranged debt of $3,055,000, as well as equity totaling $987,000 for Sunflower Apartments located at 6502 E. Golf Links Road in Tucson, Ariz. The gated community consists of 144 units contained in eighteen, two-story buildings. Property amenities feature fitness center, pool and spa, 24-hour laundry facility, racquetball court, and playground. Units…

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WILLIS TOWER SKYDECK LAUNCHES VALENTINE’S DAY WEDDING EXPERIENCE FROM 103 FLOORS ABOVE CHICAGO

For the first time in Willis Tower’s 43-year history, the iconic skyscraper is giving loving couples the chance to win a Valentine’s Day wedding ceremony atop the highest observation deck in the United States at Skydeck Chicago’s 103rd floor, which is 1,353 feet high.   Beginning today, couples are encouraged to participate in a social…

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Valley Partnership CEO/President, board member named to state water group

Valley Partnership CEO/President Cheryl Lombard and Lisa Atkins, Arizona State Land Commissioner and Valley Partnership board member, have been appointed to the newly-formed Water Augmentation Council by Gov. Doug Ducey. The council was identified as part of Gov. Ducey’s Water Initiative to ensure the certainty and vitality of Arizona’s future water supplies. The council includes…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,392-SF 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 TitleMax, a 2,392-square foot net-leased property located in Glendale, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $1,050,000. Jamie Medress…

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Chicago-based CEO Named 2016 Enterprising Women of the Year Champion

Jennifer Didier, founder and CEO of Directions Training (https://www.directionstraining.com/), an IT and professional development training company, has been named a “2016 Enterprising Women of the Year Champion” by Enterprising Women Magazine. The annual Enterprising Women of the Year Award is widely considered one of the most prestigious recognition programs for women business owners. To win, nominees…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 26,531-SF OFFICE BUILDING

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 Shea Professional Plaza, a 26,531-square foot office property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $1,200,000. The…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE LEASE OF TWO OFFICE SUITES TOTALING 16,377 SF IN SCOTTSDALE, Ariz.

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Hypur Inc. Hypur is a next generation software development firm that enables financial institutions to utilize technology in an intelligent manner that helps manage risk and proactively serve their clientele.  Chad Dearmore of CPI’s…

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