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Latest News

  • CapRock Partners Buys $11 Million Industrial Building in West Phoenix

    CapRock Partners Buys $11 Million Industrial Building in West Phoenix

    Newly Constructed Manufacturing/Distribution Facility Expected to Quickly Lease CapRock Partners has paid $11 million for a newly constructed manufacturing/distribution facility at 4615 W. McDowell Rd.  The vacant building, which was developed by Sun State Builders, contains 146,500 square feet of space and is expected to be leased quickly in a high-demand industrial market. “This property

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  • Phoenix Office Space Market Remained Positive in Second Quarter

    Phoenix Office Space Market Remained Positive in Second Quarter

    Arizona’s Pro-Business Environment Helps Market Weather Pandemic The Greater Phoenix office market remained relatively healthy during second quarter, despite business interruptions caused by Stay-at-Home orders and impact of coronavirus.  The office sector posted its 33rd consecutive quarter of positive net absorption and office vacancy remains below 15 percent. The Phoenix-Mesa-Scottsdale MSA unemployment rate peaked in

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  • Vestis Group Negotiates Retail Lease In Tucson

    Vestis Group Negotiates Retail Lease In Tucson

    Vestis Group negotiated a retail lease for Berry Divine Acai Bowls in Tucson, Arizona, at the northeast corner of Speedway and Campbell, at 1927 E Speedway Blvd, Tucson, AZ 85719. Vestis Group, a commercial brokerage and investment firm, is pleased to announce the completed lease for Berry Divine Acai Bowls in Tucson, Arizona, at the northeast

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  • Marcus & Millichap Arranges the Sale of NNN Walgreens in Gilbert

    Marcus & Millichap Arranges the Sale of NNN Walgreens in Gilbert

    Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Walgreens, a triple-net-leased property located in Gilbert, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $5,625,000. Mark Ruble and Chris Lind, investment specialists in

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  • West Phoenix Industrial Building Sells for $30.7 Million

    West Phoenix Industrial Building Sells for $30.7 Million

    Cohen Asset Management Acquires Second Building Owned by Kansas City Life Insurance Co. A sizable industrial building located at 7400 W. Buckeye Rd. has been sold for $30,700,000.  Cohen Asset Management of Los Angeles has purchased the property from Kansas City Life Insurance Co. “This is the second building Cohen has purchased from this seller,”

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  • COVID-19 Deals Continue at Cashen Realty Advisors

    COVID-19 Deals Continue at Cashen Realty Advisors

    Wellspring Medical Services, LLC paid $7,883,000 for two Buildings totaling 56,574 S.F. within the 200,000 S.F. Mesa Fiesta Corporate Park located at 1357 and 1361 E. Alma School Road in Mesa, Arizona.  The Property is east of the 1,350,000 S.F. Fiesta Mall Redevelopment Project which Cashen is also involved in.  In a separate transaction, Cashen

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