Phoenix, Arizona –  SVN Desert Commercial Advisors has been growing their multifamily division over the last several months.  New advisor, Kevin Weller graduate of the W.P. Carey School of Business at Arizona State University, brings his game to the commercial real estate industry and sells his first property in Mesa, AZ.

The original 34-Unit Mesa portfolio had an opportunity to sell 8 of the units in Amberwood Manor at a premium, in a separate transaction. Amberwood Manor is located at 260 W 8^th Ave.  Buildings 15 & 41 were part of this transaction which consisted of two fully occupied 4-plex condos.  The transaction is unique in itself containing a value-add component to what is already a mostly turn-key property. The escrow period was a quick 45 days and sold for $680,000 in Mesa. There are still 19 continuous units left in this multifamily portfolio opportunity.

SVN advisor Kevin Weller stated, “I am happy that we were able to find a buyer for the first 8 units of this portfolio, but I am even more excited to get the rest of the portfolio sold to the right buyer.” The SVN team are representing the seller, Howard Utter and TW2 Properties LLC in these transactions.  The new buyer is located in Southern California and was looking to add to his multifamily portfolio here in the Phoenix Valley.

TUCSON, Ariz.  – The Sundt Foundation awarded a total of $18,500 in grants to nine Tucson-area nonprofits during its first-quarter disbursements.

“Through the Sundt Foundation, our employee-owners have helped many organizations achieve their mission to help the less fortunate in Southern Arizona,” said Randy Rusing, Sundt Foundation President. “Our employees contribute to the Foundation, and those funds are matched by the company to help in the areas where we work and live.”

First-quarter grants include:

• BICAS received $2,500 to support their Youth Earn-A-Bike and Drop-in programs.
• The Boys & Girls Clubs of Tucson received $2,000 to provide emergency snack kits.
• Courtney’s Courage received $2,500 to fund a Southwest Hope & Healing Retreat at Tanque Verde Ranch for families who have lost a child or sibling to cancer.
• El Rio Health Center Foundation received $2,500 to purchase new books to support their children’s literacy program, Reach Out and Read.
• Flowing Wells Continental Little League received $2,000 towards building a permanent building for their snack stand.
• Interfaith Community Services received $2,500 for their Empty Bowls fundraising event.
• Make Way for Books received $2,500 to help its Story School program.
• Marshall Home for Men received $2,500 to be used toward replacing their main sewer line.
• San Miguel High School received $2,000 to help their students achieve success on the PSAT.
• Sister Jose Women’s Center received $2,000 to provide funding for their vital daytime program.
• Southern Arizona Children’s Advocacy Center received $2,000 towards their advocacy program.
• Emerge! Center Against Domestic Abuse received $2,500 to support the organization in providing life-saving emergency shelter and domestic violence support services for individuals and families fleeing abuse.
• The YMCA of Southern Arizona received $2,000 to support their elderly program in South Tucson.
• The Arizona Justice Project received $2,500 to help with additional re-investigations.

The Sundt Foundation awards grants quarterly to area charities that support disadvantaged children and familie