• Vestar Acquires University Plaza in Flagstaff, for $27.5 Million

    Vestar Acquires University Plaza in Flagstaff, for $27.5 Million0

    FLAGSTAFF, ARIZ., – Vestar, one of the leading privately held shopping center owners in the western United States, announced today that it has purchased University Plaza, a 165,615-square-foot shopping center located in the heart of Flagstaff, Arizona.  University Plaza is ideally located across the street from Northern Arizona University, with a student population of 23,000, and

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  • ORION Investment Real Estate represented the Owner/User of Historic Office

    ORION Investment Real Estate represented the Owner/User of Historic Office0

    PHOENIX– Located near the Central Avenue Corridor, one half mile south of Thomas Road and 7th Street, this 5,500 square foot freestanding building sold for $735,000, or $134 per square foot. The property benefits from good exposure along 7th Street, with over 41,000 vehicles passing per day. Nick Miner, CCIM and Andrew Harrison of ORION

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  • $59.7 Million in Three Non-Recourse Construction Loans Funded for Cabana Brand Apartments

    $59.7 Million in Three Non-Recourse Construction Loans Funded for Cabana Brand Apartments0

    SCOTTSDALE, ARIZ – Churchill Commercial Capital has arranged non-recourse construction loan s totaling $59.7 million for Greenlight Communities’ first three Cabana brand multifamily housing communities.   An $8.64 million loan was recently closed to finance Cabana on Hayden, an 89 unit community centrally located at Oak and Hayden in Scottsdale.  The loan was closed by a regional bank

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  • 29th Street Capital Expands Phoenix-Area Portfolio; Acquires Las Casitas Apartments

    29th Street Capital Expands Phoenix-Area Portfolio; Acquires Las Casitas Apartments0

    AVONDALE, ARIZ. – 29th Street Capital (29SC), a privately-held real estate operator, has acquired Las Casitas Apartments, a 168-unit multifamily community located in Avondale, Arizona. This will be the firm’s 13th acquisition, for a total of more than 2,500 units, in the Phoenix market. 29SC plans to invest over $2.1 million in capital improvements. Interior

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  • Marcus & Millichap Arranges the Sale of a 42-Unit Apartment Building

    Marcus & Millichap Arranges the Sale of a 42-Unit Apartment Building0

    TUCSON, AZ, June 17, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Townhouse East, a 42-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Tucson office. The asset sold for $1,650,000.

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  • Tower Capital Finances $44.5 Million Build-to-Rent Deal

    Tower Capital Finances $44.5 Million Build-to-Rent Deal0

    PHOENIX, ARIZ. (June 17, 2019) – Tower Capital successfully arranged construction financing for a 212-unit single family rental community totaling $44,500,000.  Located at the southeast corner of 19th Avenue and Happy Valley Road, The Elux at Deer Valley development will feature a workout facility, clubhouse, a resort style pool, a dog park, and a gated entrance. The units will feature premium countertops, stainless steel appliances,

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