• ABI Multifamily Adds Two New Brokers to Growing Team

    ABI Multifamily Adds Two New Brokers to Growing Team

    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

    Tower Capital Advises on Nearly $10M in Financing for Phoenix Industrial

    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

    JLL Income Property Trust Acquires Southeast Phoenix Distribution Center

    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

    ViaWest Group Buys 10 Acres of Land in Sky Harbor Submarket

    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

    Trammell Crow Co. Acquires 25-Acre Site in Tolleson, Arizona

    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

    Newly Constructed Ara Residences in Phoenix Sells for $22.05 Million

    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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  • ViaWest Group Buys Industrial Warehouse in San Diego from General Parts Company

    ViaWest Group Buys Industrial Warehouse in San Diego from General Parts Company

    ViaWest Group has purchased a 53,500 SF warehouse in San Diego’s Kearny Mesa submarket from General Parts Company. This is ViaWest’s first purchase in California adding to its 8.0MM sf portfolio throughout the Southwest U.S.  this is the first deal in the ViaWest Select Strategies Fund II and the company continues to pursue additional industrial

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  • $38.325 Million Uptown Phoenix Multifamily Asset Sale Completed by Institutional Property Advisors

    $38.325 Million Uptown Phoenix Multifamily Asset Sale Completed by Institutional Property Advisors

    Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Seventh, a 286-unit multifamily asset in Phoenix, Arizona. The $38.325 million sales price represents $134,003 per unit and $250 per square foot. “This asset is located along one of Phoenix’s most popular surface thoroughfares in an area with some of the

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  • Boston-Based Investment Firm Purchases Mesa State Manufacturing Property for $9.5 Million

    Boston-Based Investment Firm Purchases Mesa State Manufacturing Property for $9.5 Million

    CBRE announced the sale of an industrial property in Mesa, Ariz. to an affiliate of Boston-based real estate investment firm STAG Industrial, Inc. for $9.5 million. Jackie Orcutt, John Grady and Jonathan Teeter of CBRE represented STAG in the transaction. The seller, Gateway Properties of AZ, was represented by Ken McQueen and Chris McClurg of

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  • Nicola Wealth and Hopewell Execute on Industrial Development Strategy in Southwestern US

    Nicola Wealth and Hopewell Execute on Industrial Development Strategy in Southwestern US

    Nicola Wealth Real Estate (NWRE) and Hopewell Development (Hopewell) are strategically developing three industrial properties in low-tax, low-regulation Southwestern states with high migration. NWRE’s focus is growing an industrial portfolio in target markets against the backdrop of the increasing demand for industrial buildings to house e-commerce and distribution operations. NWRE and Hopewell recently acquired the

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