• CBRE Arranges $59.47 Million Bridge Loan for Camelback Esplanade III

    CBRE Arranges $59.47 Million Bridge Loan for Camelback Esplanade III0

    Phoenix, Ariz. – CBRE has obtained a $59.47 million bridge loan for the acquisition of Camelback Esplanade III, a 218,387-square-foot Class A office building in metro Phoenix’s Camelback Corridor. Bruce Francis, Bob Ybarra, Dana Summers, Shaun Moothart and Doug Birrell of CBRE Debt & Structured Finance facilitated the loan for the owner, a venture between

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  • Tower Capital Finances $44.5 Million Build-to-Rent Deal

    Tower Capital Finances $44.5 Million Build-to-Rent Deal0

    PHOENIX, ARIZ. (June 17, 2019) – Tower Capital successfully arranged construction financing for a 212-unit single family rental community totaling $44,500,000.  Located at the southeast corner of 19th Avenue and Happy Valley Road, The Elux at Deer Valley development will feature a workout facility, clubhouse, a resort style pool, a dog park, and a gated entrance. The units will feature premium countertops, stainless steel appliances,

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  • Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. Averages

    Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. Averages0

    Phoenix, Ariz. – With continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. Steady growth was seen across all areas of

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