• Berkadia Completes $19 Million in Combined Sales for Three Properties in Phoenix Area

    Berkadia Completes $19 Million in Combined Sales for Three Properties in Phoenix Area

    Phoenix, Ariz. – Berkadia today announced that the Phoenix teamrecently completed the sales of three properties in the Phoenix metro area,combining to total $19 million. Senior Managing Directors Mark Forrester andRic Holway and Senior Director Dan Cheyne facilitated the transactions. Arcadia Park, a 73-unit garden-style multifamily property located at 3426 N. 32nd St. in Phoenix,

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  • MedImpact Healthcare Systems Purchases Ocotillo Business Center for $12.6 Million

    MedImpact Healthcare Systems Purchases Ocotillo Business Center for $12.6 Million

    Phoenix, Ariz.  – Cushman & Wakefield announced that San Diego-based MedImpact Healthcare Systems Inc., an independent pharmacy benefit manager, purchased Ocotillo Business Center. Los Angeles-based B.H. Properties, LLC sold the property, located at 7910, 7970 and 8060 S. Kyrene Road in Tempe, Ariz., for $12.6 million. Bob Buckley, Tracy Cartledge, and Steve Lindley of Cushman

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  • STORE Capital Declares Fourth Quarter 2018 Dividend

    STORE Capital Declares Fourth Quarter 2018 Dividend

    Scotsdale, Ariz. – STORECapital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that it has declared a regular quarterly cash dividend on its common stock of $0.33 per share for the fourth quarter ending December 31, 2018. The dividend will be paid

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  • NAI Horizon negotiates long-term lease worth $2.16M  for Planet Fitness on 7th Street in North Phoenix

    NAI Horizon negotiates long-term lease worth $2.16M for Planet Fitness on 7th Street in North Phoenix

    PHOENIX, ARIZ. – NAI Horizon negotiated a long-term lease for Planet Fitness at 8921 N. 7th St., in North Phoenix. In the past year, NAI Horizon has negotiated leases totaling more than $23 million for Planet Fitness locations across the Valley. The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek,

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  • Strong Industrial Future Spurs New Phoenix Commercial Real Estate Firm

    Strong Industrial Future Spurs New Phoenix Commercial Real Estate Firm

    Industry veteran announces formation of Citywide Commercial PHOENIX, ARIZ. December 11, 2018 – Supported by the long-term positive outlook for the Phoenix commercial real estate industrial market, industry veteran Todd Hamilton has announced the formation of Citywide Commercial. The new boutique brokerage firm specializes in industrial properties of all types and sizes, in submarkets across metro Phoenix. “We’re

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  • CBRE Negotiates $23.85 Million Sale of 138-Unit Phoenix Apartment Community

    CBRE Negotiates $23.85 Million Sale of 138-Unit Phoenix Apartment Community

    PHOENIX, ARIZ. – CBRE arranged the sale of Clarendon Park, a Class A garden-style multifamily community, located at 222 W. Clarendon Avenue in Phoenix. The property was acquired by 3rd Ave Investments, a Phoenix-based real estate investment and management firm, for $23.85 million from Phoenix-based Rincon Partners, a vertically-integrated, full-service real estate investment and management firm. Tyler Anderson,

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  • Great Wolf Resorts and Mortenson Celebrate Construction Milestone with “Topping Out” Ceremony for Great Wolf Lodge Arizona

    Great Wolf Resorts and Mortenson Celebrate Construction Milestone with “Topping Out” Ceremony for Great Wolf Lodge Arizona

    SCOTTSDALE, ARIZ.– Great Wolf Lodge Arizona took another significant step in the construction process as Mortenson hoisted into place the final steel beam of the resort structure.  Brief: The beam placed during the ceremonial “topping out” event this morning is part of the resort’s 27,000 square-foot Great Wolf Adventure Park, a family entertainment center with

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  • Presson Corporation Purchases Van Buren Industrial Center

    Presson Corporation Purchases Van Buren Industrial Center

    Cushman & Wakefield Negotiates $6.6 Million Sale on Behalf of Black Equities PHOENIX, ARIZ. – Cushman & Wakefield announced that Phoenix-based Presson Corporation purchased Van Buren Industrial Center. Black Equities of Beverly Hills, Calif. sold the property, located at 34–74 N. 45th Avenue in Phoenix, for $6.6 million.  Bob Buckley, Tracy Cartledge and Steve Lindley of

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  • Velocity Retail Group Sells Shopping Center for $8.3 Million

    Velocity Retail Group Sells Shopping Center for $8.3 Million

    PHOENIX, ARIZ. Velocity Retail Group’s Brian Gast, Senior Vice President represented the buyer in the $8.3MM investment sale of Mountain View Marketplace, located at 3131 E. Thunderbird Road in Phoenix. Fortis Development, LLC of Arizona purchased the center which totals approximately 172,000 square feet.   The Seller was Mountain View Shopping Plaza, L.P. a California limited

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  • NAI Horizon negotiates sale of $1.4M Mesa retail building

    NAI Horizon negotiates sale of $1.4M Mesa retail building

    PHOENIX, ARIZ. – NAI Horizon Senior Vice President Jeff Adams represented the buyer and the seller in the $1.4 million acquisition of a freestanding retail building at 460 N. Country Club in Mesa, Arizona.      Adams represented AZIZ, LLC, an Arizona limited liability company of Tempe, Arizona, in its purchase of the 32,400-square-foot property.

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