• NorthMarq sold and financed the 436-unit Park at Deer Valley Apartments

    NorthMarq sold and financed the 436-unit Park at Deer Valley Apartments

    Phoenix, ARIZ. – Park at Deer Valley Apartments, a multifamily housing community located near 19thAvenue and Bell Road, sold this month for $56.7 million.  The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller and the buyer in this transaction.   The buyer acquired the asset with a

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  • Marcus & Millichap Arranges the Sale of a Burger King Ground Lease

    Marcus & Millichap Arranges the Sale of a Burger King Ground Lease

    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 Burger King Ground Lease, a 4,000-square foot net-leased property located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,650,000. Chris Lind,

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  • Marcus & Millichap Arranges the Sale of Franmar Manor Apartments

    Marcus & Millichap Arranges the Sale of Franmar Manor Apartments

    PHOENIX, ARIZ. – July 11, 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 Franmar Manor Apartments, a 78-unit multifamily community located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset commanded a sales

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  • Rastegar Property Acquires Prominent High-rise Lot in Downtown Phoenix for Commercial and Residential Development

    Rastegar Property Acquires Prominent High-rise Lot in Downtown Phoenix for Commercial and Residential Development

    Downtown Phoenix lot to feature multifamily high-rise with retail space amid the city’s nation-leading job growth AUSTIN, TX – Rastegar Property, a vertically-integrated real estate investment firm focused on value-add and development in all asset classes across the United States, today announced its acquisition of a prominently-located high-rise lot in downtown Phoenix, AZ in anticipation

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  • Hines Leases 90% of Kierland One

    Hines Leases 90% of Kierland One

    Carlisle Companies Expands its National Headquarters at Kierland One PHOENIX, ARIZ. – Hines, the international real estate firm, announced today that Kierland One is 90% leased. Only about 17,000 square feet of the 175,441-square-foot office building is still available for lease. Hines has recently finished a building refresh of Kierland One, renovating the lobby and updating the exterior paint. “The

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  • Phoenix Trophy Asset at 24th and Camelback Trades

    Phoenix Trophy Asset at 24th and Camelback Trades

    Phoenix, Ariz. – CBRE announces the sale of Camelback Esplanade III, a trophy Class A office tower located in the heart of the Camelback Corridor in Phoenix. A venture between Transwestern and an institutional partner acquired the 218,387-square-foot,10-story mid-rise office building. Barry Gabel, Chris Marchildon and Will Mast of CBRE Capital Markets, Institutional Properties in

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  • 100% Occupied Retail Strip Acquired for $5 Million

    100% Occupied Retail Strip Acquired for $5 Million

    Glendale, AZ-This highly sought-after 100% occupied multi-tenant retail strip center, is shadow-anchored by two prominent retail giants, Walmart and Sam’s Club.  The property was acquired by Armstrong Capital Development, for $5,050,000, at an approximate 6.8% Cap Rate. The subject property is comprised of 9,732 square feet, and is currently occupied by four strong tenants on long-term

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  • Fenway Capital Advisors Sells Valley Commerce Center for $27.95 Million

    Fenway Capital Advisors Sells Valley Commerce Center for $27.95 Million

    PHOENIX, ARIZ. – Cushman & Wakefield announced that Fenway Capital Advisors of Solana Beach, Calif. sold Valley Commerce Center, a multi-tenant office building located at 4745 and 4747 N. 7th Street in Phoenix. Denver-based Bow River Capital Partners purchased the property for $27.95 million Steve Lindley, Eric Wichterman, Tracy Cartledge, Bob Buckley and Mike Coover of

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  • Pioneering Design-Driven, Green Building for Luxury Multi-Housing in the Arizona Desert

    Pioneering Design-Driven, Green Building for Luxury Multi-Housing in the Arizona Desert

    From Vertical Landscape Systems to Acres of Rooftop Gardens, Optima Debuts “Next Evolution” of Design Innovations SCOTTSDALE, ARIZ. – One Scottsdale developer, widely credited as pioneering modern, sustainable multifamily residential buildings in Arizona 15 years ago, is debuting the next evolution of the company’s award-winning, green-building design at its newest luxury condominium tower that is under

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  • IPA Brokers $24 Million North Phoenix Apartment Sale

    IPA Brokers $24 Million North Phoenix Apartment Sale

    PHOENIX, ARIZ. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sterling on 28th, a 224-unit multifamily asset in North Phoenix. The $24 million sales price equates to $107,143 per unit. “The property received an initial round of renovations that have added to its desirability and new ownership inherits the

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