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  • 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

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  • 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

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  • 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”),

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  • 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,

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  • 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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  • Cassidy Turley Completes $12.15M Sale of Lakeview Village

    Cassidy Turley announced today it sold Lakeview Village, a ±114,877-square-foot mixed-use retail center with a two-story office building located on the southeast corner of Val Vista Drive and Baseline Road in Gilbert, for $12,150,000. The buyer was Los Angeles-based Gateway Triangle Development, LLC (Alan Kia). Cassidy Turley’s Executive Vice Presidents Michael Hackett, Ryan Schubert, Eric

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