PHOENIX, Arizona  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Northern Palms Apartments, a 50-unit apartment property located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset commanded a sales price of $5 million  or $100,000 per unit.

“The seller purchased this property in 2018 and stabilized the operations with highly effective management. Because of previous success working with Marcus & Millichap, the seller knew that there was a high probability of locating a highly motivated buyer, willing to pay a very aggressive price under very short timelines,” said Richard Butler, senior vice president investments in Marcus & Millichap’s Phoenix office. Butler had the exclusive listing to market the property on behalf of the seller, a limited liability company.

“Because we represented the buyer in previous transactions, we were certain that they would fulfill the many goals that the seller had set out. With certainty, the buyer met the seller’s pricing goals within a very short timeframe,” added Sean Connolly, investment specialist also in the firm’s Phoenix office. The buyer, a private investor, was procured by Connolly and Butler.

Built in 1984, Northern Palms Apartments is located at 2835 West Northern Avenue in Phoenix, Arizona and is comprised of 50 one-bedroom units. These units include newly replaced electrical service panels, air conditioners, windows, doors, security gates, kitchen cabinets and fixtures, as well as new bathroom vanities and showers.

WASHINGTON, DC – The NRF Foundation today launched two new credentials in its RISE Up program in response to the coronavirus pandemic. The credentials focus on Retail Operations and Customer Conflict Prevention to further ensure retail workers — and the millions of customers they serve — can work and shop more safely and help keep the economy open.

“Retailers have been on the front lines of this pandemic as economic first responders and are going above and beyond to maintaining a safe work environment for themselves, their colleagues and their customers,” NRF President and CEO Matthew Shay said. “These new credentials will give employees the training they need to continue operating and serving customers safely. An informed workforce will build customer confidence and show local and state governments that retailers are taking all steps possible to prevent the spread of COVID-19.”

While major retailers began implementing training for employees at the outset of the pandemic, the NRF Foundation’s new trainings have streamlined these best practices from retailers and the Centers for Disease Control and Prevention (CDC) to create a more comprehensive training for the entire industry. Both credentials are targeted toward front-line retail employees of small and mid-size businesses that do not have learning and development teams.

Made possible by American Express, the COVID-19 Retail Operations credential will train customer-facing retail workers, distribution center workers and job seekers to help safely operate during the pandemic. Designed to assist retailers meet state and local requirements for COVID-19 trainings, the course helps educate employees to recognize COVID-19 symptoms, take appropriate actions if exposed and understand CDC best health practices and tools used in retail.

The NRF Foundation partnered with the Crisis Prevention Institute (CPI), a global leader in verbal de-escalation trainings, to create the COVID-19 Customer Conflict Prevention credential. Developed specifically for customer-facing retail workers and job seekers, the program focuses on how to help avoid and de-escalate conflict. This training is specific to retail’s unique challenges, including mask requirements for customers, customer-to-customer conflicts and line management. It will help equip employees with the skills they need to better manage and resolve customer conflicts, especially during the busy holiday season.

For more information visit nrffoundation.org/riseup.

TUCSON, ARIZONA – Plaza Campana is a 73,516-square-foot garden-style office condominium development located on the westside of Oracle Road between Ina & Orange Grove. It is one of Tucson’s premier class A office condo projects with 12 buildings situated on approximately 8.26 acres of land.  Units range in size from 1,537-square-feet to 12,612-square-feet.

The complex features a number of fountains, two monument signs on Oracle Road, a central courtyard, mature landscaping, and convenient parking (both covered and uncovered). Although the complex was built in 2002, the parking lot was resurfaced and all buildings were repainted in 2017 and all HVAC units have been replaced in the past few years. Plaza Campana is located at 6831-6893 N Oracle Road in Tucson.

Lately is has been attracting owner / users for a mixture of uses from medical uses to professional services.

Wellbeing Institute sold Units 22-24 at 6861 N Oracle Road Tucson in Plaza Campanas Condominiums for $756,720 ($180 PSF). The buyer plans to convert the 4,204-square-foot office to medical use as Hurst Plastic Surgery, Dr. Craig Hurst, principle.

John Yarborough and David Carroll with Romano Real Estate in Tucson represented the seller. Alan Moore with Chapman Lindsey Commercial Real Estate represented the buyer.

To learn more, see RED Comp #8066.

Another owner/user purchased a 1,537-square-foot office in shell condition at 6849 N Oracle, Tucson in Plaza Campanas Condominiums for $210,000 ($137 PSF). The buyer was Mary Schultz, a financial planner and will use property to occupy as Schultz Financial Group.

John Yarborough and David Carroll with Romano Real Estate in Tucson represented the seller, Wellbeing Center, Inc. and the buyer.

To learn more, see RED Comp #7894.

Earlier in the year, a 1,637-square-foot condominium was purchased by the tenant for $320,000 ($195 PSF) at 6867 N Oracle #157 in Tucson. Buyer was a tenant prior to sale and will continue to occupy as a medical practice dba Tucson Family and Geriatric Medicine – Karen Lee, MD.

John Yarborough and David Carroll with Romano Real Estate in Tucson represented the seller, Capri, Inc. and the buyer.

To learn more, see RED Comp #7485

For more information, Yarborough and Carroll should be reached at 520.577.1000 and Moore can be contacted at 520.747.4000