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  • Highly Anticipated En Fuego Development Officially Breaks Ground

    Highly Anticipated En Fuego Development Officially Breaks Ground

    Walt Brown, founder and CEO of Diversified Partners, a Scottsdale-based real estate brokerage and development company, announced the groundbreaking of its large, prime parcel known as En Fuego, at 91st and Glendale avenues. The groundbreaking ceremony at 9100 N. Zanjero Blvd. in Glendale was attended by a large crowd, which included Glendale City Major Jerry Weiers and

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  • NKF Closes $14.3 Million Sale of Glendale Multifamily Property

    NKF Closes $14.3 Million Sale of Glendale Multifamily Property

    Newmark Knight Frank (NKF) Multifamily announces the $14.3 million sale of Royal Palms, located at 5902 West Royal Palm Road in Glendale, Arizona. Senior Managing Director Brett Polachek, Director Chris Canter and Executive Managing Director Brad Goff represented the seller, 5902 Royal Palms LP, in the sale of the 138-unit property to an undisclosed buyer.

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  • Marcus & Millichap Arranges the Sale of 1934 Fairmount, an 8-Unit Apartment Community in Phoenix

    Marcus & Millichap Arranges the Sale of 1934 Fairmount, an 8-Unit Apartment Community in Phoenix

    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 1934 Fairmount, an eight-unit apartment community located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,050,000. Paul Bay, investment specialist in Marcus

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  • Hines and Joint Venture Partner Close on Land to Develop Luxury Apartments in North Phoenix

    Hines and Joint Venture Partner Close on Land to Develop Luxury Apartments in North Phoenix

    Hines, the international real estate firm, along with a joint venture partner, announced today it has closed on 11 acres, to develop a 325-unit luxury for-rent residential property in north Phoenix. Hines’ multifamily property, located at the northwest corner of Happy Valley Road and 35th Avenue, will consist of six, three-story buildings. An additional one-story building will include a clubhouse and fitness amenity that surrounds the pool. In total, Hines will develop 318,000 square feet. Hines’ announcement comes on the heels of

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  • Tower Capital Arranges $20.1 Million for Hilton Home2 Suites Development

    Tower Capital Arranges $20.1 Million for Hilton Home2 Suites Development

    Tower Capital, an independent structured finance firm, successfully arranged $20,121,000 in development financing for a Home2 Suites by Hilton in Mesa, Arizona. This deal puts Tower Capital at nearly $200 million in arranged financing for Q1 this year, marking the company’s most successful first quarter since its inception in 2015. The 111-key hotel property will

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  • McDowell Professional Plaza Sells for $3.1M

    McDowell Professional Plaza Sells for $3.1M

    Menlo Group Commercial Real Estate has announced the sale of the McDowell Professional Plaza. The 28,834 sq. ft., multi-tenant medical and office building sold for $3.1 million. The McDowell Professional Plaza is located at 1301 E. McDowell Rd. in Phoenix, immediately adjacent to Banner-University Medical Center, the largest hospital in Arizona. The property is also

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