Wednesday, December 12, 2018

Sun Devil Auto coming to Cave Creek, Arizona

CAVE CREEK, Arizona – Cave Creek AZ Development Group LLC, an affiliate of Long Development Corporation (David Long, President) sold approximately 1 acre of commercially zoned land located at the southwest corner of Cave Creek Rd & Barbie Ln in Cave Creek, Arizona for $1 million ($23.35 PSF) to...

ORION Investment Real Estate Negotiates Sale of Retail Pad to Arizona...

Glendale, AZ --ORION Investment Real Estate is pleased to announce the closing of Union Hills Square, a 11,960-square-foot multi-tenant retail pad, located in Glendale, Arizona. It sold for $4.7 million ($392 PSF) from CC Fund 1 Union Hills, LLC to AXG Com 1, LLC “This is the second time ORION has...

Russ Lyon Sotheby’s International Realty Hired to Sell Eldorado on 1st...

Renowned architect Will Bruder’s refined city homes SCOTTSDALE, Arizona — Eldorado on 1st has selected Joe Bushong, Chad Christian, Grant Almquist and Leslie Jenkins, who were named 2017 Top Producers at Russ Lyon Sotheby’s International Realty, to sell its remaining luxury townhomes.The Bushong, Christian, Almquist and Jenkins team, based...

Tucson Lease Report Nov. 26-30, 2018

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from November 26 thru 30, 2018. RETAIL - 3830 W RIVER RD., MARANA Evolve Physical Therapy leased approximately 8,574-square-feet at 3830 W River Road, in Marana Market Place.  This will be the second location...

Five long-term retail leases negotiated highlight recent transactions by NAI...

PHOENIX, ARIZONA – Long-term leases for three restaurants, a fitness gym, and a barber shop highlight recent deals closed by NAI Horizon professionals. The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon negotiated the five transactions. Lease Transactions: Chris Gerow,...

Service Retailer Inks $2.9M Lease for Tire Sales at Queen Creek...

PHOENIX, ARIZONA – NAI Horizon negotiated a long-term lease on behalf of the landlord for tire sales and service retailer Tire Works at Queen Creek Fiesta in Queen Creek, Arizona. The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon...

CBRE Arranges $16 Million Sale of Two-Property Goodwill Portfolio

PHOENIX, Arizona – CBRE completed the sale of a two-property portfolio leased to Goodwill, located at 8053 East Raintree Dr. in Scottsdale, Ariz. and 4570 South Higley Rd. in Gilbert, Ariz. The properties sold for $10.2 million and $5.8 million, respectively. Joseph R. Compagno with CBRE’s Phoenix office represented the...

Capital Development Group acquires 43,254-SF neighborhood shopping center

PHOENIX, Arizona – A 43,254-square-foot neighborhood shopping center on 7th Street and Townley Avenue was acquired for $3.3 million by Capital Development Group (Principals Rachelle Strole, Jason Hersker and Stephen Herman) and partner Rhapsody Ventures (Principals Eric Sorenson, Jacob Hodson and Mark Fenton). This is Capital Development Group’s second purchase in...

Holualoa Companies Purchases Gateway Student Housing in Tucson for $12.9 Million

Cushman & Wakefield Negotiates Sale of 188-Unit Student Housing Community PHOENIX, Arizona – Cushman & Wakefield completed the sale of Gateway at Tucson, located at 2800 W. Broadway Blvd. in Tucson. Holualoa Companies of Tucson purchased the property from CW Capital Asset Management LLC of Bethesda, MD for $12.9 million...

ABI Multifamily Brokers $28.2M Apartments Located in Exclusive High-Income Area of...

Phoenix, Ariz.– ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $28,200,000 / $151,613 per unit sale of the Vista Sureno Apartments, located in Phoenix, Arizona. Built in 1985, Vista Sureno is a two story, twelve building, garden-style apartment community with a...

RV Harbor in Surprise, AZ Sells for $7.5 Million

Cushman & Wakefield Industrial Team Sole Representation on Sale PHOENIX, Arizona – Cushman & Wakefield completed the sale of RV Harbor, located at 13516 W. Foxfire Drive in Surprise, Ariz., for $7.5 million. ADV Surprise Property Owner, LLC of McKinney, Texas purchased the property from RV Harbor LLC of Surprise. Cushman...

ORION Sells Old Town Scottsdale Institution in Opportunity Zone for Near...

Scottsdale, Arizona -- Built in 1960, this Old Town Scottsdale institution was 100% leased to Old Town Gringos (formerly known as Dos Gringos).  With one of the largest outdoor patios in Old Town Scottsdale, the property has attracted patrons for over 20 years. The 2,948-square-foot bar/restaurant with approximately 6,000-square-feet of...
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