Colliers International HSK Multifamily Team Closes Bella Plaza Apartments

NW Group Investments LLC, John Trubilla, principal, paid $3,650,000 ($50,694 per unit) to buy the 72 unit Bella Plaza apartments located 2130 W. Indian School Rd. in Phoenix. The seller was Fountain Ridge Apartments LLLP, a limited liability partnership formed by Mentor Properties in Scottsdale. The deal was brokered through Bill Hahn, Jeff Sherman and…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 16-UNIT APARTMENT 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 a 16-unit apartment property located in Chandler, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,375,000. Pete Te Kampe and Harold…

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BKM CAPITAL PARTNERS ACQUIRES 225,435-SQUARE-FOOT INDUSTRIAL BUSINESS PARK IN PHOENIX

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial investments, has acquired the Koll Cotton Center, a seven-building, 225,435 square-foot industrial business park in Phoenix for $26 million. “The Cotton Center is an institutional quality asset that presents a dynamic value proposition,” says Brian Malliet, CEO and Co-Founder of…

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ABI Multifamily Closes 3rd Transaction with Canada-based, Western Wealth Capital

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the bulk condominium sale of Solterra on Fifth Avenue, a condominium community that is located in Phoenix, Arizona. The purchase consisted of 40 units (out of an original 60 units total on the property) and sold for $4,560,000, which reflects a…

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Tower Capital Arranges $4,875,000 Acquisition Loan for GC Square Apartments

Phoenix-based structured finance firm, Tower Capital, recently arranged a $4,875,000 acquisition loan on behalf of Caliber Companies, a full service real estate investment company, to acquire the 144-unit GC Square Apartments.     The property sold for $6,465,000 or $38,945 per unit and was fully leased at the time of sale. The property was financed…

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How Private Development Can Partner With Cities to Fund Infrastructure & Build Vibrant Urban Spaces

Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, Oct. 23. This month’s program will feature a discussion on the variety of funding options for needed infrastructure, the purpose of public-private partnerships (P3), and the challenge of prioritizing projects.   The panel will feature John Trujillo, Public Works Director, City of…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,332-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 7-Eleven (Dark), a 2,332-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 $775,000. The buyer,…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 60,000-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 Ventana Medical Systems Inc, a 60,000-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…

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THE ALTER GROUP ANNOUNCES 61,145 SF OF HEADQUARTERS LEASES AT RIVERWALK ARIZONA

The Alter Group announces three new headquarters leases at Riverwalk Arizona (www.riverwalkarizona.com), a 187-acre mixed-use business park in Scottsdale, AZ.  Progress Residential will lease 34,558 SF of space, IDT911 signed for 18,763, and Payroll Experts will occupy 7,824 SF. Michael J. Alter, President of the Chicago-based national corporate real estate development firm announced the transactions.…

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Robert Sarver to be Honored at 2015 Leaders & Legends Celebration Annual Luncheon for Commitment to Education

College Success Arizona is proud to announce that Robert Sarver, Chairman and CEO of Western Alliance Bancorporation, will be honored at the 2015 Leaders and Legends Celebration Luncheon on Thursday, Oct. 29, 2015 in the Grand Ballroom of the Arizona Biltmore. Leaders and Legends is an annual fundraising luncheon honoring an Arizona community leader or…

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$9.4M JLL Industrial Sale Brings West Valley Interest to East Valley Asset

The Phoenix office of JLL has just closed the $9.4 million sale of 464 E. Chilton Dr., a manufacturing/distribution facility in Chandler, Arizona that underscores the growing interest in Southeast Valley industrial investment assets. JLL Vice President Steve Larsen and JLL Managing Director Bill Honsaker brokered the deal for the buyer, Cohen Asset Management, and the seller,…

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