• EastGroup Purchases $6.4 Million Parcel in Gilbert for Industrial Park

    EastGroup Purchases $6.4 Million Parcel in Gilbert for Industrial Park

    Developer to Break Ground on Phase I of Four-Building Project in April Phoenix, Ariz. – EastGroup Properties, Inc. (NYSE: EGP) has purchased 23.6 acres of land near Germann and Gilbert roads for $6,411,286.00.  The real estate investment trust plans a four-building, two phase industrial park called Gilbert Crossroads Business Park on the property and will break ground in

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  • California Investor Acquires Second Metro Phoenix Multifamily Community for $26.5M

    California Investor Acquires Second Metro Phoenix Multifamily Community for $26.5M

    Phoenix, Ariz. – CBRE has brokered the sale of The Wexler, a 219-unit multifamily community in central Phoenix for $26.5 million. Brian Smuckler, Jeff Seaman and Bryson Fricke represented the seller, 3030 N. 7th Street, LP, an affiliate of Austin-based Pennybacker Capital, and the buyer, Wexler Partners, LLC, a California-based joint venture between WIP-Park Village II, LLC and WIP-Fireside II, LLC, who

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  • 8th Ave Shops in Mesa Sells for $6.9M to local investor

    8th Ave Shops in Mesa Sells for $6.9M to local investor

    Phoenix, Ariz. – Shopping Centers is another area of commercial real estate that SVN Desert Commercial Advisors covers.  Director of Retail Leasing & Sales Investments, Rommie Mojahed and Senior Advisor Beau Flahart represented the shopping center owner in the transaction.  The property sold for $6,900,000 to a local investor. The SVN advisors originally sold this same

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  • Marcus & Millichap Arranges the Sale of Vista de Catalina in Tucson

    Marcus & Millichap Arranges the Sale of Vista de Catalina in Tucson

    Tucson, Ariz, – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Vista De Catalina, a 32-unit apartment property located in Tucson, AZ. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix and Tucson offices, the asset sold

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  • Park Central Launches as Hub for the Arts in Central Phoenix

    Park Central Launches as Hub for the Arts in Central Phoenix

    Two Arts Events Planned for Upcoming Weekend; Extensive Murals, Arts and Culture Programming Coming Soon Phoenix, Ariz. —  The revitalized Park Central project in Phoenix will be not only a bustling mixed-use development, but a hub for arts and culture as well, with the first cultural events coming to the property this upcoming weekend.     Artlink Inc. will

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  • JLL report shows Phoenix Airport office submarket on the rise

    JLL report shows Phoenix Airport office submarket on the rise

    Q4 JLL Office Report highlights top Valley office trends Phoenix Ariz.– Phoenix’s Airport office submarket is quickly filling with new and expanding tenants, pushing vacancy rates down 9.3 percent year-over-year and inching rental rates up, according to data from JLL’s Q4 Phoenix Office Market Report. According to JLL, overall vacancy in the Airport submarket in

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  • CBRE Completes Sale of La Ronde Medical Centre in Sun City, Arizona

    CBRE Completes Sale of La Ronde Medical Centre in Sun City, Arizona

    Phoenix, Ariz. – CBRE announced today that the firm has completed the sale of the La Ronde Medical Centre, located at 14620 North Del Webb Boulevard in Sun City, Ariz. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany with CBRE U.S. Healthcare Capital Markets and Andrew Fosberg and Dylan Brown with CBRE

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  • One Agave Center sells in Phoenix’s I-10 Technology Corridor

    One Agave Center sells in Phoenix’s I-10 Technology Corridor

    Office sale supported by area’s low 3.03% vacancy rate Phoenix, Ariz. – The Phoenix office of JLL has completed the sale of One Agave Center, one of the only four-story office buildings situated along the South Tempe/Ahwatukee portion of the I-10 Technology Corridor in metro Phoenix’s Southeast Valley. JLL Executive Vice President Brian Ackerman represented the

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  • Hardison/Downey transitions leadership Justin Newman takes over presidency from Co-Founder Pat Downey

    Hardison/Downey transitions leadership Justin Newman takes over presidency from Co-Founder Pat Downey

    Phoenix Ariz. – One of the best known names in Arizona’s commercial construction industry recently changed hands as Justin Newman assumed leadership of 34-year-old hardison/downey construction inc. (h/d), taking over for President and Co-Founder Pat Downey. “We have known for some time that Justin was the guy for the job, and that impression has only

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  • JLL Capital Markets completes $31.8 million sale of Sanctuary on 22nd in Phoenix

    JLL Capital Markets completes $31.8 million sale of Sanctuary on 22nd in Phoenix

    Upside in Arizona Multifamily Market Continues to Attract Buyers Phoenix, Ariz. – JLL’s Capital Markets experts have completed the $31,827,500 sale of Sanctuary on 22nd, a 266-unit apartment community at 8530 N. 22nd Ave., in the heart of Phoenix. Managing Directors John Cunningham and Charles Steele led the Multifamily Capital Markets team handling the sale on behalf

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