News Archives - Real Estate Daily News

Phoenix Single-Tenant NNN Coffee Shop Sells for $707/SF After Garnering Multiple Offers

PHOENIX, ARIZONA – CBD Coffee Shop, located at 1302 East McDowell Road, sold this week for $1,297,000 or $707 per square foot, at a 5.96% cap rate. Nick Miner, CCIM of ORION Investment Real Estate represented both parties in the transaction. The Seller was GP 1302 E McDowell, LLC / Atlas Phoenix and the Buyer …

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Lennar adds more lots at La Estancia MPC

2nd Quarter Sales, News / By RED News Service

TUCSON, ARIZONA — Lennar Arizona, Inc. recently purchased an additional 78 lots at La Estancia. Lennar paid $5.2 million ($65,000 per lot) for the finished lots (40’X115’). This acquisition comes as a follow up to Lennar’s purchase of 97 lots earlier this year in February. La Estancia MPC starts 2021 in a big way as Meritage …

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CBRE Completes Sale of Industrial Property near Phoenix for $35 Million

News / By RED News Service

Phoenix, Arizona – CBRE announced the sale of 91st Avenue Distribution Center, an industrial property in Tolleson, Ariz. to Nearon Enterprises, LLC for $35 million ($84 PSF). Darla Longo, Rebecca Perlmutter, Barbara Perrier, Brett Hartzell, Joe Cesta, Eric Cox, Danny Calihan, Pat Feeney and Rusty Kennedy of CBRE represented the sellers, CT Realty and Artemis …

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