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  • Mesa Welcomes Cognizant to Waypoint at Mesa Riverview

    Mesa Welcomes Cognizant to Waypoint at Mesa Riverview

    MESA, AZ – Cognizant, a Fortune 500 digital technology firm and one of the world’s leading professional services companies, opened its newest U.S. regional center at 1130 N. Alma School Road in Mesa. “Cognizant is an exciting addition to Mesa,” Mayor John Giles said. “Their decision to expand to Mesa is a great endorsement of our business-friendly environment

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  • CPI Announces $3.5M Sale of Industrial Manufacturing Building

    CPI Announces $3.5M Sale of Industrial Manufacturing Building

    TEMPE, ARIZ.  –  Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial manufacturing building located at 2401 W 1st Street, just North of University Drive and East of 48th Street in Tempe, Arizona. The building is approximately ±46,674 square feet and is located

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  • CBRE Arranges Sale of Mid-Century Apartment Community in Phoenix for $12.07 Million

    CBRE Arranges Sale of Mid-Century Apartment Community in Phoenix for $12.07 Million

    PHOENIX, ARIZ.  –  CBRE arranged the sale of a 156-unit apartment complex located at 3130 N. 7th Ave in Phoenix, Ariz. The property, formerly a 1960s-era hotel, was sold by San Francisco, California-based FPA5 El Cortez, LLC, to Austin, Texas-based PB Acquisitions for $12.07 million. Brian Smuckler, Jeff Seaman, Bryson Fricke and Bert Kempfert with

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  • Value-add Apartment Communities Attract Investment to Metro Phoenix

    Value-add Apartment Communities Attract Investment to Metro Phoenix

    JLL arranges sale of 1,751-unit, six-property portfolio PHOENIX, ARIZ. –JLL’s Capital Markets experts have arranged the sale and financing of a portfolio of six metro Phoenix apartment communities on behalf of a fund managed by DRA Advisors LLC of New York City and their joint-venture partner, Dallas-based Milestone Group. The buyer was a leading global

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  • Lee & Associates brokers sale of Phoenix office for $9.75M

    Lee & Associates brokers sale of Phoenix office for $9.75M

    PHOENIX, ARIZ.  –  A 92,315-square-foot, four-story office building located at 2910 N. 44th Street, Phoenix sold for $9.75 million on August 3. Lee & Associates Arizona Principals Bill Blake and Colton Trauter represented the buyer, Tessenderlo Kerley, Inc. The seller, State of Arizona, was assisted by Chris Corney and Pat Williams of JLL. Tessenderlo Kerley, Inc.,

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  • Canadian Investor Closes Complex Purchase of Midtown Office Space

    Canadian Investor Closes Complex Purchase of Midtown Office Space

    PHOENIX, ARIZ.  –  A portion of the office building at 3033 N. Central Ave. and its adjacent parking garage has been sold to a Canadian investor as its first Midtown Phoenix acquisition.  The buyer was attracted to the property because of its proximity within the increasingly popular “Live Work Play” Central Phoenix corridor. “This complex transaction

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