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ABI Multifamily Adds Two New Brokers to Growing Team
- Multifamily
- March 5, 2021
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., has added two new brokers to the Phoenix team. Tyler Bruggman and Bryce Neagle joined the Phoenix office of ABI in February. “After a roller coaster year in the multifamily industry, Phoenix has emerged stronger than ever” says ABI Senior Managing
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Tower Capital Advises on Nearly $10M in Financing for Phoenix Industrial
- Industrial
- March 5, 2021
Tower Capital secured $9.6 million in financing for the recapitalization of a nearly 170,0000-square-foot industrial property in Surprise, AZ. The Class A facility at 13351 W. Rioglass Solar Rd. was built in 2012 and served as the headquarters for RioGlass Solar, an international glass manufacturer. Tower Capital co-founder Adam Finkel says, “We continue to be
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JLL Income Property Trust Acquires Southeast Phoenix Distribution Center
- Features
- March 5, 2021
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties, today announced the acquisition of Southeast Phoenix Distribution Center, a newly constructed, four-building, Class A distribution center totaling 474,000 square feet located in the Chandler submarket of Phoenix, one of the top warehouse
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ViaWest Group Buys 10 Acres of Land in Sky Harbor Submarket
- Industrial
- March 5, 2021
ViaWest Group announced today that is has purchased 10 acres of land near Sky Harbor International Airport. The parcel is located at the northwest corner of S. 48th St and the San Fran Canal and is in a Federal Qualified Opportunity Zone. This is ViaWest Group’s third OZ purchase in the last two years and
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Trammell Crow Co. Acquires 25-Acre Site in Tolleson, Arizona
- Industrial
- March 3, 2021
The Phoenix Business Unit of Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, along with capital partner Clarion Partners, LLC, announces that it has acquired a 25-acre site for the development of Tolleson 107 Logistics Center, a 332,075-square-foot logistics facility that will include 4.6 acres dedicated to retail.
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Newly Constructed Ara Residences in Phoenix Sells for $22.05 Million
- Multifamily
- March 3, 2021
CBRE announced the $22.05 million sale of Ara Residences, a newly constructed, 50-unit townhome community in Phoenix, to Luna Bear ARA Residences LLC, a California investor completing a 1031-exchange. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the seller, ARA Residences, LP, and the buyer in the transaction. The
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