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Latest News

  • Casa Carranza Apartments in Mesa Sell for $9.1M

    Colliers International in Greater Phoenix negotiated the sale of the 272-unit Casa Carranza Apartments, located at 1903 N. Country Club Drive in Mesa, Ariz., for $9.1 million, or $33,456 per unit. SPL Real Estate & Management Company (“SPL”) of Denver acquired Casa Carranza in an all-cash transaction. The seller was Summit Equity Investments, Inc. (“Summit”),

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  • Central Arizona Multifamily Property Sells For $22.3M

    Marcus & Millichap Real Estate Investment Services, has arranged the sale of The Terraces at Glassford Hills, a 226-unit apartment community located in Prescott Valley, Ariz. The asset commanded a sales price of $22,385,000. Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap’s Phoenix office,

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  • Q&A: Legal

    I’m thinking of transferring my real estate license from my personal name to a P.C. or P.L.L.C. for liability protection.  What do you recommend?  You should start by speaking with your accountant or C.P.A. to determine the potential tax advantages of holding your license in an entity rather than personally.  Although you are permitted to

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  • Cassidy Turley Completes $12.15M Sale of Lakeview Village

    Cassidy Turley announced today it sold Lakeview Village, a ±114,877-square-foot mixed-use retail center with a two-story office building located on the southeast corner of Val Vista Drive and Baseline Road in Gilbert, for $12,150,000. The buyer was Los Angeles-based Gateway Triangle Development, LLC (Alan Kia). Cassidy Turley’s Executive Vice Presidents Michael Hackett, Ryan Schubert, Eric

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  • ORION Sells Silver Tree Apartments for $2.94 Million

    ORION Investment Real Estate announced its sale of the Silver Tree Apartments, located at 4336 N. 35th Avenue in Phoenix. The 98-unit, individually metered, 1986 vintage property sold for $2,940,000 ($30,000 per unit, $49.70 per sq. ft.).  The property was in the mid 80’s percent occupancy at close of escrow and did have additional value add

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  • CBRE Announces Sale of Mesquite Corporate Center in Scottsdale for $15.25M

    CBRE announced today the sale of the Mesquite Corporate Center, a Class A 79,537-square-foot multi-tenant office building located at 14646 North Kierland Boulevard in Scottsdale, Arizona, to Waittcorp Real Estate, LLC, for $15.25 million. The building was 96% occupied at the time of the sale. CBRE’s Barry Gabel, Chris Marchildon and Mindy Korth negotiated the

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