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  • CBRE Completes $4.25 Million Sale of Highland Plaza in Gilbert

    CBRE has negotiated the $4.25 million sale of Highland Plaza, a 17,867-square-foot retail center located at 1458 and 1496 N. Higley Road in Gilbert, just south of the US 60 freeway. Steve Julius and Jesse Goldsmith of CBRE’s Phoenix office represented both parties in the transaction. The seller was Mariah Properties VIII and Mariah Properties

  • McDowell Mountain Marketplace Sold to Scottsdale Investment Firm for $14.1M

    A Scottsdale-based investment firm purchased the 84,087 SF McDowell Mountain Marketplace for $14.125,000. Price per square foot was $167.98. The neighborhood retail center is located at the southwest corner of Thompson Peak Parkway and Bell Road. The Bashas’ grocery-anchored shopping center was built in 2002 and sits on 12.45 acres. The center also features a

  • SRS Real Estate Partners Sells Kneaders Bakery & Café

    SRS Real Estate Partners recently announce the sale of The Kneaders Bakery & Café, a 3,669-square-foot triple net single-tenant restaurant located at the southwest corner of Baseline and Higley roads in Gilbert, Ariz. With a new 10 year triple net lease the property offers the new owner, Noor Development, a stable long-term asset. Alfred Hackbarth, Mike

  • Casa Carranza Apartments in Mesa Sell for $9.1M

    Colliers International in Greater Phoenix negotiated the sale of the 272-unit Casa Carranza Apartments, located at 1903 N. Country Club Drive in Mesa, Ariz., for $9.1 million, or $33,456 per unit. SPL Real Estate & Management Company (“SPL”) of Denver acquired Casa Carranza in an all-cash transaction. The seller was Summit Equity Investments, Inc. (“Summit”),

  • Central Arizona Multifamily Property Sells For $22.3M

    Marcus & Millichap Real Estate Investment Services, has arranged the sale of The Terraces at Glassford Hills, a 226-unit apartment community located in Prescott Valley, Ariz. The asset commanded a sales price of $22,385,000. Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap’s Phoenix office,

  • Q&A: Legal

    I’m thinking of transferring my real estate license from my personal name to a P.C. or P.L.L.C. for liability protection.  What do you recommend?  You should start by speaking with your accountant or C.P.A. to determine the potential tax advantages of holding your license in an entity rather than personally.  Although you are permitted to


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