• Grand Central Tower Trades for $14.65 Million

    Grand Central Tower Trades for $14.65 Million

    Cushman & Wakefield Negotiates Sale to Denver-Based Bow River Capital Partners PHOENIX, Nov. 15, 2018 – Cushman & Wakefield announced that Denver-based Bow River Capital Partners purchased Grand Central Tower. Fenway Capital Advisors of Solana Beach, Calif. sold the property, located at 3550 N. Central Avenue in Phoenix, for $14.65 million. Steve Lindley, Eric Wichterman,

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  • CBRE Brokers $4.8M Sale of Apartment Community Near Arizona State University in Tempe

    CBRE Brokers $4.8M Sale of Apartment Community Near Arizona State University in Tempe

    PHOENIX – November 16, 2018 – CBRE has arranged the sale of Decco 109, a 40-unit garden-style apartment community located near Arizona State University at 109 E. Broadway Road in Tempe, Ariz. The property commanded a sale price of $4.8 million Brian Smuckler, Jeff Seaman, and Bryson Fricke represented the seller, 5C Onyx Tempe, LLC,

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  • Transwestern Retained to Lease 175,969 SF of Class A Office/Flex Space in Greater Phoenix

    Transwestern Retained to Lease 175,969 SF of Class A Office/Flex Space in Greater Phoenix

    Cotton Center I and Greystone Business Park Provide Access to Talented Labor Pools NOV. 16, 2018 – PHOENIX ARIZ. Transwestern today announces it has been retained to lease Cotton Center I and Greystone Business Park, which together comprise 175,969 square feet of Class A office and flex space. Transwestern’s Jim Achen Jr., Bill Zurek and

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  • IPA Brokers $55.5 Million Multifamily Sale in Tempe

    IPA Brokers $55.5 Million Multifamily Sale in Tempe

    Commercial Executive Magazine hears exclusively from Steve Gebing of IPA on the recent $55 Million Davenport multifamily deal. Tempe, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of The Davenport, a 442-unit multifamily asset in Tempe, Arizona. The $55.5 million sales price equates to $125,566 per unit.

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  • CBRE Arranges $14.6 Million Sale of Office Asset in I-17 Corridor

    CBRE Arranges $14.6 Million Sale of Office Asset in I-17 Corridor

    Phoenix, Ariz. – CBRE has completed the $14.6 million sale of Desert Canyon 200, a three-story, multi-tenant Class A office building located at 2421 Peoria Ave. in Phoenix. The 98,863-square-foot property sits on 6.74 acres within the 22-acre, three-building Desert Canyon Corporate Campus. Barry Gabel and Chris Marchildon with CBRE Capital Markets, Institutional Properties in

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  • Davis Enterprises Completes Construction of 80,000 SF Deer Valley Industrial Project; Announces Space is 80 Percent Leased

    Davis Enterprises Completes Construction of 80,000 SF Deer Valley Industrial Project; Announces Space is 80 Percent Leased

    Davis Enterprises is pleased to announce the completion of Enterprise Deer Valley, an 80,000 SF three-building office and industrial project near the I-17 on Deer Valley Rd. Phoenix, Ariz. – Davis Enterprises, a family owned business with investment and redevelopment projects throughout the Valley, has completed construction of a three-building, 78,000+ square feet, new office

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  • Commercial Properties Inc. Announces $2 Million Sale of Retail Center in Peoria

    Commercial Properties Inc. Announces $2 Million Sale of Retail Center in Peoria

    Phoenix, Ariz. – Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 9015 W. Union Hills in Peoria.  Comprised of 8,767 SF of retail and office spaces, the property sold for $2,000,000 ($228.12 PSF) and consists of strong regional, national franchise and local operators. CPI’s

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  • Lincoln Property Company Wins Twice at 2018 BOMA Awards

    Lincoln Property Company Wins Twice at 2018 BOMA Awards

    Earns “The Outstanding Building of the Year” for Luhrs City Center and 2777 Camelback Phoenix, Ariz. – Development and property management leader Lincoln Property Company (LPC) has taken home two “The Outstanding Building of the Year” (TOBY) awards for its management of the historic Luhrs City Center, located in downtown Phoenix, and 2777 Camelback, located in the

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  • Menlo Group Announces Lease of Arrowhead Professional Medical Plaza

    Menlo Group Announces Lease of Arrowhead Professional Medical Plaza

    Menlo Group advisors represented both the tenant and the landlord in the leasing of 25,000 SF of the Glendale medical office complex. Tempe, Ariz. – Menlo Group Commercial Real Estate has announced the 10-year lease of 25,000 square feet of the Arrowhead Professional Medical Plaza located at 16222 N. 59th Ave. in Glendale, Ariz. Both the tenant

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  • Scottsdale Kierland Corporate Center II Acquired by Denver Investor for $25 Million

    Scottsdale Kierland Corporate Center II Acquired by Denver Investor for $25 Million

    Denver, CO – Ascentris, a Denver-based real estate private equity firm, on behalf of one of its public retirement system clients, announced today the purchase of Kierland Corporate Center II, a three-story, 82,000 square-foot Class A multi-tenant office property. The property located at 7033 E. Greenway Parkway in Scottsdale, Ariz., was sold by PCPI Kierland II

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