• CBRE Completes $29.55 Million Sale of Deer Valley Industrial Park

    CBRE Completes $29.55 Million Sale of Deer Valley Industrial Park0

    PHOENIX, ARIZ. – CBRE arranged the sale of a four-building, 220,259-square-foot Class A industrial park located at 22275-23365 N. 23rd Ave in Phoenix, Ariz. Corridors Industrial, LLC, a joint venture between Trammell Crow Company and Principal Global Investors, sold the property to AEW Capital Management for $29.55 million. Darla Longo, Rebecca Perlmutter and Brett Hartzell

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  • Deer Valley Office Campus Sells for $21 Million

    Deer Valley Office Campus Sells for $21 Million0

    Cushman & Wakefield Negotiates Sale on Behalf of Adler Realty Investments PHOENIX, ARIZ. – Cushman & Wakefield announced that Libitzky Property Companies of Emeryville, Calif. purchased Corridors Phoenix, located at 1925, 2001, 2075 and 2095 W. Pinnacle Peak Road in Phoenix, from Adler Realty Investments of Woodland Hills, Calif. for $21.17 million. Bob Buckley, Tracy

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  • ABI Brokers $19M Apartment Sale on Mill Avenue in Tempe, Arizona

    ABI Brokers $19M Apartment Sale on Mill Avenue in Tempe, Arizona0

    TEMPE, ARIZ.  –  ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $19,000,000 / $113,772 Per Unit sale of Cabana on Mill Apartments located in Tempe, Arizona. Built in 1972 of block construction and renovated between 2012-2018, Cabana on Mill is a garden-style apartment community that features

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  • $55M Acquisition of Bay Area Property by Vestar

    $55M Acquisition of Bay Area Property by Vestar0

    Vestar Reaches Portfolio Benchmark with Bay Area Acquisition of East Washington Place for $55M PHOENIX, ARIZ.  –  Vestar, one of the largest privately held shopping center owners in the western United States, just got bigger. With its purchase of East Washington Place, a more than 340,000-square-foot shopping center in Petaluma, California, Vestar’s portfolio has crossed the

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  • North Phoenix Multifamily Asset Purchased for $38.2 Million

    North Phoenix Multifamily Asset Purchased for $38.2 Million0

    PHOENIX, ARIZ.  –  Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announces the sale of Azura, a 387-unit apartment asset in North Phoenix, Arizona. The property sold for $38.2 million. “Revenue gains currently experienced at Azura demonstrate the attractiveness of the asset and its superior positioning within the submarket,” says Cliff David,

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  • $47+ Million Sale of The Terraces at Glassford Hill Apartment Property in Prescott Valley

    $47+ Million Sale of The Terraces at Glassford Hill Apartment Property in Prescott Valley0

    California Investor Purchases Property from Scottsdale Group PHOENIX, ARIZ.  –  The Terraces at Glassford Hill apartments in Prescott Valley have been sold to California-based Virtú Investments for $47,350,000 which is $209,530 per unit. “The Terraces is irreplaceable with it’s unique location positioned on top of Glassford Hill.  The fantastic views overlooking Prescott Valley combined with Class

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