PHOENIX, ARIZ. – NAI Global, a leading, global commercial real estate firm, earned the No. 4 spot in the 2021 Lipsey Survey of Top 25 Commercial Real Estate Brands.

The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands. NAI Horizon is an office of NAI Global.

“We are proud that the strength of NAI Global is reflected in the results of this year’s Lipsey Survey,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “Our affiliation with NAI Global allows us to deliver extraordinary results for our clients across the globe.”

The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today’s competitive environment.

The 2021 survey results can be found here.

TUCSON, ARIZONA — RBEX Inc. dba Apple Towing, purchased the airplane hanger and 18-acres at 5951 S Wilmot for $1.75 million from a local living trust.

As the largest established towing company in Houston, Texas, Apple Towing is a trusted contractor for the Houston Police Department’s Asset Forfeiture Division, DEA, FBI, ATF, IRS, U.S. Customs & Border Protection, U.S. Treasury, and the U.S. Marshals Service through its auction network.

The industrial market continues to grow in a strong and steady direction as distribution and residential housing continues to grow quickly.

Arizona as a whole outpaces the rest of the country by far when it comes to unemployment rates, economic growth and real estate activity. Migration patterns continue to favor Arizona as residents migrate to Arizona from densely populated cities and states.

Reasons for Arizona migration include COVID, real estate prices, taxes, regulations and climate. As this mass migration continues, the demand for the residential market continues to stay very strong. This demand is fueling the industrial market as residential developers spur more demand for industrial supply houses and trade related businesses.

Max Fisher was with Cushman & Wakefield | PICOR at time of this transaction, however has since moved to BRD Realty.

“Migration and the upcoming wave of demand from marijuana cultivators are going to slim the industrial inventory even more over the next year,” said Max Fisher. “We can expect lease rates and sale rates to increase.”

For more information, Fisher should be contacted at 520.465.9989.

To learn more, see RED Comp #8536.

Phoenix, Arizona – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $5.1 million / $212,500 Per Unit / $294.19 PSF sale of Brix in Tempe, Arizona.

Brix is a 24-unit, garden-style condominium community located within three blocks of Arizona State University’s Main Campus in Tempe. Brix was built in 1981 of wood frame construction with a painted stucco exterior and pitched roofs. The property features 8 one-bed/one-bathroom and 16 two-bed/two-bathroom units with an average size of 722-square-feet. Every condominium includes a private backyard or balcony and the convenience of an in-suite washer and dryer. Recent updates included modern interior finishes with new shaker cabinets, solid surface counters, tile backsplash, and stainless-steel appliances. Tenant amenities include controlled access, gated entry, on-site maintenance, a BBQ area, and a swimming pool.

Brix is located within walking distance of the Valley Metro Light Rail and multiple “Orbit” shuttle bus stations, which provides free rides connecting people to Downtown Tempe and other employment, retail, and entertainment venues within the city. Numerous dining and shopping options are in close proximity to the property including Tempe Marketplace, one of the most popular destinations in the Phoenix Metro, with 1.3 million square feet housing over 100 local and national retailers and restaurants. The Brix community enjoys the pedestrian and bike-friendly streets of Tempe and its proximity to the Loop 101 and 202 Freeways offers quick access to Scottsdale, Downtown Phoenix, and Phoenix Sky Harbor International Airport. Significant employers in proximity to the property include Arizona State University, State Farm, Salt River Project, Honeywell, Express Scripts, and First Solar.

ABI Multifamily’s Royce Munroe represented the Seller in this transaction.

The buyer is based in Arizona and the seller is based in California.