• Cole Capital Launches New Office and Industrial Non-Listed Reit

    Cole CapitalTM, the private capital management business for Cole Real Estate Investments, Inc., today announced the launch of Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), focused on net lease office and industrial assets. CCIT II intends to invest primarily in single-tenant, income-producing, “necessity” office and industrial properties, which are leased to creditworthy

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  • Chanen Construction Names Steve Betts President

    Chanen Construction Company announced today that Steve Betts, former president and CEO of SunCor Development Company, is joining the senior leadership team as president.  He will be responsible for leading new business development in Arizona and across the U.S.  Founder Herman Chanen continues in his role as chairman of the 58-year-old construction company and Steven

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  • CBRE Completes Sale of Galleria Corporate Centre in Scottsdale for $68.6 Million

    CBRE has negotiated the $68.6 million sale of Galleria Corporate Centre, a 537,110 square-foot, Class-A, mixed-use office and retail project, located at 4301 and 4343 N. Scottsdale Rd. in Scottsdale, Ariz.  Jim Fijan and Will Mast with CBRE’s Phoenix office represented New York City-based JEMB Realty Corporation, who sold the building to a joint venture

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  • Colliers International Completes Scottsdale Luxury Apartment Complex Sale for $57.75 Million

    The Colliers International in Greater Phoenix Southwest Multifamily Advisors’ team recently completed the sale of The Paragon at Kierland, a 276-unit, Class A luxury apartment complex located on the Westin Kierland Golf Course, for $57.75 million or $209,239 a unit/$200 a square foot.  The transaction is the highest per unit sale to date in 2013

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  • CBRE Completes Sale of Historic Centerpoint on Mill

    Centerpoint on Mill, a landmark for Mill Avenue and the heart of downtown Tempe since its inception 28 years ago, has been sold by Scottsdale, Ariz.-based DMB, Inc., to Mill Avenue Retail LLC of Scottsdale. The 127,027 square-foot commercial property commanded a sale price of $38.35 million. Covering 22 acres starting at the northwest corner

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  • Jones Lang LaSalle Brokers $4.73 Million Main Street Lofts Sale to Local Investor

    Capital Markets experts in the Phoenix Office of Jones Lang LaSalle have completed the $4.73 million sale of Main Street Lofts at Verrado, a Class A, urban-style, condominium-quality multifamily property located at the center of the Verrado master-planned community in Buckeye, Ariz. Jones Lang LaSalle’s Executive Vice President John Cunningham and Vice President Charles Steele

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  • Sperry Van Ness Announces Recent Transactions

    Justin Horwitz represented the landlord at Warner Plaza to sell a 1,366 SF Condo to C&R Investment Group, LLC. The beautiful project is located at 690 E. Warner Road in Gilbert, AZ. The unit sold for $116,110.00 and closed on 9/3/2013. Neil Sherman and Danny Lee negotiated the sale of Belle Verde Apartments at 3030

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  • Colliers Negotiates $9.1 Million Apartment Sale in Glendale

    Colliers International in Greater Phoenix negotiated the sale of the 260-unit Northern Terrace Apartments, located at 5220 W. Northern Ave. in Glendale, Ariz., for $9.1 million, or $35,000 per unit. Scottsdale-based Sonoma Terrace Properties LLC, a partnership between Jay Chernikoff and Cal DeSouza, acquired Northern Terrace Apartments with a loan from Mutual of Omaha Bank.

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  • DAUM Completes 83,200 Sq. Ft. Lease in Fairmont Commerce Center

    DAUM Commercial Real Estate Services announced that it represented the tenant, MXD Group, in the leasing of the Fairmont Commerce Center, an 83,200 sq. ft. building located at 440-444 W. Fairmont Drive in Tempe. Steve McKendry, Kirk Jenkins and Trevor McKendry of DAUM’s Phoenix office exclusively represented MXD Group in the transaction.  MXD Group specializes

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  • Cassidy Turley Completes $5.039 Million Sale of Roosevelt Tech Center

    Cassidy Turley announced they successfully sold Roosevelt Tech Center, a ± 60,458-square-foot mixed-use property at 528 West 21st Street in Tempe. Enright Roosevelt Tech, LP. (Calgary, Alberta) purchased the property for $5,039,162 ($83.35/psf) from RBI Industrial Properties I, LLC (Irvine, CA). Senior Managing Directors Paul Boyle and Rick Danis with Cassidy Turley’s Industrial Group negotiated

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