• Southern Arizona Multifamily Asset Sold by IPA for $37.75 Million

    Southern Arizona Multifamily Asset Sold by IPA for $37.75 Million

    TUCSON, ARIZ. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Domain 3201, a 289-unit multifamily asset in the Casas Adobes area of suburban Tucson. The property sold for $37.75 million, or $130,623 per unit. “Situated within the affluent desert landscape of the Casas Adobes region, Domain 3201 gives residents

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  • Marcus & Millichap Arranges the Sale of AT&T for $1.93 Million

    Marcus & Millichap Arranges the Sale of AT&T for $1.93 Million

    TEMPE, ARIZ. – 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 AT&T, a 2,300-square-foot net-leased property located in Tempe, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,930,000. Chris Lind, Jamie Medress

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  • Marcus & Millichap Arranges the Sale of Net-Leased Starbucks for $2.62 Million

    Marcus & Millichap Arranges the Sale of Net-Leased Starbucks for $2.62 Million

    SAN TAN VALLEY, ARIZ, – 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 Starbucks, a 2,400-square foot net-leased property located in San Tan Valley, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,620,000. Jamie

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  • Integrated CBD bringing first U.S. manufacturing location, 100 jobs to Phoenix

    Integrated CBD bringing first U.S. manufacturing location, 100 jobs to Phoenix

    JLL completes 155,000-square-foot, long-term lease for Integrated CBD at HUB 317 PHOENIX, ARIZ. – Institutional CBD oil and isolate supplier Integrated CBD has announced it will open its first U.S. manufacturing location and hire approximately 100 employees at HUB 317, a 225,157-square-foot project that in 2018 was renovated from a former Sam’s Club into a state-of-the-art, Class A,

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  • Phoenix Industrial 2nd Quarter 2019 Market Report

    Phoenix Industrial 2nd Quarter 2019 Market Report

    The Phoenix industrial market showed no signs of slowing down in the second quarter, with robust leasing and sales activity, vacancy rates hovering around the record low and asking rental rates climbing to a new high, topping the previous quarter’s record rate. Net absorption posted at a healthy 2.15 million square feet of positive absorption

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  • Cushman & Wakefield Sells Arcadia Gateway Center for $17.25 Million

    Cushman & Wakefield Sells Arcadia Gateway Center for $17.25 Million

    PHOENIX, ARIZ. – Cushman & Wakefield announced that MIG Real Estate LLC sold Arcadia Gateway Center. Clayton A. Varga, trustee of the Varga Revocable Trust, purchased the property located at 4222 E. Thomas Road in Phoenix for $17.25 million.  Arcadia Gateway Center is a four-story, 90,225-square-foot Class A multi-tenant office building. Currently 96% leased and constructed

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  • CBRE Brokers $13.26 Million Sale of Chandler Business Center

    CBRE Brokers $13.26 Million Sale of Chandler Business Center

    PHOENIX, ARIZ. – CBRE announced the sale of Chandler Business Center, a 129,840 square-foot creative office, flex-tech and retail space, located in Chandler, Ariz. New York-based Fullerton Properties acquired the multi-tenant property from Los Angeles-based Montana Avenue Capital for $13.26 million. CBRE’s Glenn Smigiel, Bob Young, Steve Brabant, Rick Abraham, Mark Krison and Jackie Orcutt represented the

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  • Menlo Group Sells Three Industrial Properties Worth $6M

    Menlo Group Sells Three Industrial Properties Worth $6M

    Menlo Group Commercial Real Estate has announced the sale of three Phoenix-area industrial properties, totaling over 74,000 sq. ft. TEMPE, ARIZ — Menlo Group Commercial Real Estate successfully negotiated the sale of three industrial properties in June 2019. The Phoenix-area properties sold for a total of more than $6 million. Williams Investments of Arizona, LLC,

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  • NKF Completes Four Retail Closings Valued at a Combined $50 Million

    NKF Completes Four Retail Closings Valued at a Combined $50 Million

    Nearly 200,000 Square Feet of Retail Assets Located in Arizona, Texas and Illinois Closed in Two Weeks by Phoenix Retail Expert PHOENIX, ARIZ. — Newmark Knight Frank (NKF) has announced the sale of four retail assets totaling 197,914 square feet for a combined value of over $50 million. Two of the four assets — Ross Walgreens

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  • Marcus & Millichap Brokered the Sale of a 14.98-Acre Ground Lease for $3.2M

    Marcus & Millichap Brokered the Sale of a 14.98-Acre Ground Lease for $3.2M

    PHOENIX, ARIZ.  – 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 Park Northern, a 14.98-acre ground lease located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,900,000. Chris Doty, an investment specialist

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