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  • Culdesac, First Car-Free Neighborhood, Moves Forward with Retail Phase

    Culdesac, First Car-Free Neighborhood, Moves Forward with Retail Phase

    The world’s first-post-car real estate developer, Culdesac, today announced it is interviewing Arizona operators who align with its vision for only a dozen spaces available in its retail phase, which will provide essential services to residents and also serve as a retail destination for the Phoenix area. As the country’s first car-free neighborhood built from

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  • Marcus & Millichap Arranges the Sale of a 20-Unit Apartment Community in Peoria

    Marcus & Millichap Arranges the Sale of a 20-Unit Apartment Community in Peoria

    Peoria, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Monroe Arms, a 20-unit apartment community located in Peoria, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,575,000.

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  • Berkadia Completes $27 Million Sale of Multifamily Property in Phoenix

    Berkadia Completes $27 Million Sale of Multifamily Property in Phoenix

    Phoenix, Arizona – Berkadia today announced the sale of Del Mar, a 144-unit garden-style multifamily property in Phoenix. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office completed the $27 million sale on behalf of the buyer, California-based Storm Properties, Inc. The seller was RK Del Mar

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  • CBRE Handles $3.45 Million Sale of Net-Leased Office Property in Tucson, Ariz.

    CBRE Handles $3.45 Million Sale of Net-Leased Office Property in Tucson, Ariz.

    TUCSON, Arizona –  CBRE has brokered the sale of a 15,484-square-foot office building in Tucson, Ariz. to an unnamed buyer for $3.45 million or $223 per square foot. The property is 100 percent leased to Intermountain Centers, the largest non-profit organization in Southern Arizona, on a new 15-year triple-net lease. CBRE’s Bryce Horner represented the

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  • Evergreen Devco Completes Sale of 33,000 Square-Foot Retail Pad in Phoenix

    Evergreen Devco Completes Sale of 33,000 Square-Foot Retail Pad in Phoenix

    Phoenix, Arizona – Evergreen Devco, Inc., a leading retail and multifamily development company, announced today that it has completed the sale of a retail pad site for a Salad and Go restaurant located at 3425 W. Greenway Road in the northwest Valley. The Phoenix-based drive-thru fast-food salad restaurant purchased a 33,062-square-foot pad site to develop

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  • Local Car Wash, Rinse n’ Ride, Includes Mural of Encouragement at New Location

    Local Car Wash, Rinse n’ Ride, Includes Mural of Encouragement at New Location

    Phoenix, Arizona – Rinse n’ Ride Car Wash recently opened its fifth location in the Valley, kicking-off the mural painting for local artist, Oscar Ruiz, to paint a one-of-a kind inspirational mural at the new car wash location on Indian School Road and 28th Street. Rinse n’ Ride’s iconic wall was a concept that the

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