• LevRose Commercial Real Estate Expands Advisor Team

    LevRose Commercial Real Estate Expands Advisor Team

    Scottsdale-based CRE Firm Hires Austin Knebel to Manage Property Deals Throughout the Valley SCOTTSDALE, ARIZ. – LevRose Commercial Real Estate, one of the Valley’s leading commercial real estate firms, recently added Austin Knebel as an advisor to its growing team. Knebel will specialize in selling and leasing properties throughout Scottsdale, Tempe and downtown Phoenix. Knebel

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

    Vestar Acquires University Plaza in Flagstaff, for $27.5 Million

    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 Office

    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 Apartments

    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 Apartments

    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 Building

    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 Deal

    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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  • Palette Collective Redefining Work Space for Small Business Owners

    Palette Collective Redefining Work Space for Small Business Owners

    PHOENIX, ARIZ. – Brokers all across the valley schedule tours for the average prospect but Director of Retail Leasing, Mary Nollenberger with SVN Desert Commercial Advisors is working with Palette Collective Studios to bring in a variety of different tenants to the 10,000 square foot building in Tempe, AZ. Just recently, Nollenberger hosted a broker event

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  • Los Angeles Investor Purchases 60K SF Phoenix Office Building

    Los Angeles Investor Purchases 60K SF Phoenix Office Building

    PHOENIX, ARIZ. – Los Angeles-based BH Properties announced today the purchase of Riverpoint – Building 2, a single-story, multi-tenant flex office building. The property located at 3100 E. Broadway in Phoenix was sold by a Nebraska investor, Vatnsdal Investments, LLC, for $5 million. Eric Wichterman, Mike Coover, Larry Downey and Brett Thompson of Cushman & Wakefield

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  • Design for SkySong 6 Unveiled as Building Enters Pre-Leasing

    Design for SkySong 6 Unveiled as Building Enters Pre-Leasing

    Scottsdale, Arizona — Office leasing momentum remains strong at SkySong — so much so that the project’s sixth building has now been designed and launched for pre-leasing. SkySong 6 will be the next building to be constructed at SkySong. Project architects, Butler Design Group have created cutting-edge design concepts and renderings for the new building,

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