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Latest News

  • Replay Destinations Breaks Ground on Ascent at The Phoenician in Scottsdale

    Replay Destinations Breaks Ground on Ascent at The Phoenician in Scottsdale

    Replay Destinations (‘Replay’) has broken ground on Ascent at The Phoenician®, a planned private residential community located adjacent to The Phoenician®, a Luxury Collection Resort in Scottsdale, Arizona. Ascent at The Phoenician® will sit at the foot of Camelback Mountain overlooking the Phoenician® Golf Club and will become a true legacy property in one of Arizona’s most celebrated locations. Replay and its award-winning local design team gathered* for

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  • Rommie Mojahed Represents Both Parties in Multi-State Cannabis Testing Lab Sale

    Rommie Mojahed Represents Both Parties in Multi-State Cannabis Testing Lab Sale

    If Covid-19 was not challenging enough, the recent office sale in Phoenix exemplifies how great relationships in commercial real estate prevail.  SVN Desert Commercial represented the buyer and the seller in a recent office sale in Phoenix.  Seasoned advisor, Director of Retail Leasing & Sales Investments, Rommie Mojahed closed the deal for $650,000. “There is

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  • Marcus & Millichap Arranges the Sale of Oracle Canyon in Tucson

    Marcus & Millichap Arranges the Sale of Oracle Canyon in Tucson

    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 Oracle Canyon, a 36-unit apartment property located in Tucson, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Tucson office, the asset sold for $4,050,000. “Oracle Canyon presented an opportunity for

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  • Diversified Partners Announces Major Development at Val Vista and Mercy in Gilbert

    Diversified Partners Announces Major Development at Val Vista and Mercy in Gilbert

    Diversified Partners announces a major 11-acre development at Val Vista Drive and Mercy Road in Gilbert, Ariz. The project will include hotel, office, and retail mixed-use. The development is directly south of Dignity’s Mercy Gilbert Hospital and lies in the heart of the Mercy Gilbert medical district. Diversified Partners has teamed up with Andy Jackson

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  • $43M in Acquisition Financing Arranged for Riata Apartments

    $43M in Acquisition Financing Arranged for Riata Apartments

    JLL Capital Markets announced today that it has arranged $43 million in acquisition financing for the 300-unit, luxury Riata Apartments in Chandler, Arizona. JLL worked on behalf of the buyer, EPI Limited Partnership, to secure the 25-year, 2.43% fixed-rate, fully amortizing life insurance company loan.   Comprising 266,874 rentable square feet and completed in January 2020, the Class

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  • NorthMarq Secures $65 Million Refinance of Summerly at Zanjero in Glendale

    NorthMarq Secures $65 Million Refinance of Summerly at Zanjero in Glendale

    NorthMarq completes the cash-out refinance for the 340-unit, Summerly at Zanjero Apartments with a $65 million Freddie Mac loan. NorthMarq’s Phoenix Debt and Equity team led by Brandon Harrington, managing director and Tyler Woodard, vice president, executed the refinance for the borrower. The permanent-floating loan was structured with a 10-year term with 5-years of interest

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