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Berkadia Completes Combined $47 Million in Sales and Secures $32 Million in Financing for Two Multifamily Properties
- Multifamily
- January 17, 2020
Phoenix, Arizona – Berkadia announced today the sale and financing for two multifamily properties, Sunwood Apartments and Cedar Meadows Apartments, both in Peoria, Arizona. Senior Managing Directors Ric Holway and Mark Forrester and Senior Director Dan Cheyne of Berkadia’s Phoenix office completed the combined $47 million in sales on behalf of the sellers. “Sunwood and
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CBRE Inks Three Tenants at Chandler Office Center
- Office
- January 17, 2020
Phoenix, Arizona – CBRE announced the firm has secured three leases at the newly renovated Chandler Office Center in Chandler, Arizona, bringing the property to 85 percent occupancy. New tenants include Arizona Children’s Association, OrthoArizona and Comfort Keepers. Jamie Swirtz of CBRE in Phoenix represented the landlord, ColRich, in the lease negotiations. Arizona Children’s Associations,
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Foothills Gateway Corporate Center Trades for $11.5 Million
- Office
- January 16, 2020
Phoenix, Arizona – On behalf of HB Foothills Gateway, Cushman & Wakefield has closed the sale of Foothills Gateway Corporate Center located at 4505 E. Chandler Boulevard in Phoenix. Equity Advantage Inc. purchased the property for $11.5 million. Located in the prestigious Southeast Valley neighborhood of Ahwatukee Foothills, Foothills Gateway Corporate Center is a 68,198-square-foot
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Hines Breaks Ground on First Multifamily Property in Downtown Phoenix
- Development, Multifamily
- January 14, 2020
Adeline to Offer Iconic Luxury in Downtown Phoenix Phoenix, Arizona – Hines, the international real estate firm, announced today it has broken ground on Adeline, a 25-story, 379-unit luxury for-rent residential high-rise community at the Collier Center in downtown Phoenix. The new development is near Talking Stick Resort Arena and the new downtown Fry’s grocery
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ViaWest Group Purchases 1-17 Corridor Property, Canyon Corporate Plaza for $27 Million
- Office
- January 14, 2020
Phoenix, Arizona — ViaWest Group, in joint-venture with New York-based Taconic Capital Advisors announced today the purchase of the Canyon Corporate Plaza, a core-plus office campus for $27MM. This is ViaWest and Taconic’s fourth joint venture in Phoenix in the last two years. The property is comprised of two office buildings, a 5-story and a
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Marcus & Millichap Arranges the Sale of Park Paloma, a 60-Unit Multihousing Community in Phoenix
- Multifamily
- January 14, 2020
Phoenix, Arizona – 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 Park Paloma, a 60-unit multihousing community located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $8,400,000.
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Executive Updates
