• Former Commissary Kitchen for Eat-Fit-Go Building Sells for $1.43 Million

    Former Commissary Kitchen for Eat-Fit-Go Building Sells for $1.43 Million

    Phoenix, Arizona – SVN Advisors, Rommie Mojahed and Beau Flahart have closed another sale in the Phoenix area.  The centrally located freestanding building was a former commissary kitchen for Eat-Fit-Go, a health-inspired business that prepared meals to go daily.  When the owner decided to close the business, SVN was in place to handle the sale

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  • Midtown Phoenix Multifamily Asset Sold by Institutional Property Advisors for $78.5 Million

    Midtown Phoenix Multifamily Asset Sold by Institutional Property Advisors for $78.5 Million

    Phoenix, Arizona – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit. “Influenced by the recognizable architecture of Midtown Phoenix’s former Mercedes Benz dealership, Parc Midtown is emblematic

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  • CBRE Handles Sale of Avenue 25 Apartments

    CBRE Handles Sale of Avenue 25 Apartments

    Phoenix, Arizona – CBRE has arranged the sale of the 254-unit multifamily community Avenue 25 on behalf of Millburn & Company to Bluerock Real Estate. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Millburn & Company. Rocco Mandala of CBRE Multifamily Debt & Structured Finance

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  • Willmeng Construction Breaks Ground on Landing 202

    Willmeng Construction Breaks Ground on Landing 202

    Mesa, Arizona – Willmeng Construction Inc., a Phoenix-based commercial general contractor, recently broke ground on a multi-phase project totaling 605,000 SF of Class-A industrial space on 45-acres, of which is to be completed in June of 2020.  Landing 202 project, developed by Scottsdale-based Marwest Enterprises,  is located in the heart of the Mesa Gateway area,

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  • Self Storage With More Sells for $11.1 Million

    Self Storage With More Sells for $11.1 Million

    Mesa, AZ. — Quantum Property Advisors, a provider of real estate advisory services to the self storage industry, announced that it has brokered the sale of Self Storage With More, a 91,569 square foot self storage facility located at 5932 E. Brown Road, in Mesa, Arizona. The one and two story facility consisted of 780-Units,

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  • Evergreen Devco Adds Mark Wahlberg-backed Australian Fitness Franchise F45 Training as New Tenant to The Point at Eastmark

    Evergreen Devco Adds Mark Wahlberg-backed Australian Fitness Franchise F45 Training as New Tenant to The Point at Eastmark

    Mesa, Arizona – Evergreen Devco, Inc., a leading retail and multifamily development company, announced today that they have negotiated a lease agreement with global fitness company, F45 Training, at the firm’s The Point at Eastmark development, located at 10706 East Point Twenty-Two Boulevard in Mesa. The Australian fitness company that combines interval, cardiovascular and strength

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  • ORION Welcomes Experienced Multifamily Team

    ORION Welcomes Experienced Multifamily Team

    Scottsdale, Arizona – ORION Investment Real Estate begins 2020 with the expansion of its Multifamily Division.  Joining ORION are veteran brokers Linda Fritz-Salazar, Jon Coffen, Arvle Knight and Angie Ritchie.  “We’re excited to continue our growth with the addition of top-notch individuals who are committed to providing superior service to their clients while maintaining a

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  • First Atari® Hotel to Begin Construction in Phoenix in Mid-2020

    First Atari® Hotel to Begin Construction in Phoenix in Mid-2020

    Atari® — one of the world’s most iconic consumer brands and entertainment producers — today announced a deal with GSD Group — a leading innovation and strategy agency, led by founder Shelly Murphy and partner Napoleon Smith III — to acquire the rights to build video game-themed Atari Hotels in the United States, with the

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  • Constellation Communities Unveils New Arcadia Community

    Constellation Communities Unveils New Arcadia Community

    Phoenix, Arizona – WestStone Group and Constellation Communities are pleased to announce the opening of Lyra Residences, a new community located in the vibrant Arcadia neighborhood. The new community features 18 three bedrooms and two-and-one-half bath residencies at 1,760 square feet starting at $2,500 per month. Intelligently designed, each unit features comfortable features including attached

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  • Phoenix Commercial Advisors Sells The Collective Shops

    Phoenix Commercial Advisors Sells The Collective Shops

    Tempe shops close at $8,328,000, $560 PSF TEMPE, Arizona – Phoenix Commercial Advisors facilitated the sale of The Collective Shops, six-tenant shops in the heart of Tempe, Ariz., shadow-anchored by Alamo Drafthouse Cinema. The property, located on 2.59 acres on the northeast corner of Rural and Baseline roads at 1120 and 1128 E. Baseline Road, sold for

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