SCOTTSDALE, Ariz., – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Cabana on Hayden, an 89-unit multifamily asset in Scottsdale, Arizona. The $30.075 million sale price equates to $337,921 per unit.

“Scottsdale’s first and only purpose-built for renters in one of the region’s most highly sought-after locations,” said Steve Gebing, IPA executive managing director. Gebing and Cliff David, fellow IPA executive managing director, represented the seller, Greenlight Communities and procured the buyer.

Completed in 2021, the property’s central Phoenix-area location provides immediate access to Scottsdale’s high-profile employment corridors, Downtown Phoenix, Sky Harbor International Airport, and the Southeast Valley. Nearby North Tempe and Papago Park are home to Fortune 500 companies such as Amazon and State Farm, and Arizona State University’s presence in Tempe attracts new businesses and partnerships such as SkySong, the 1.2 million-square-foot ASU Scottsdale Innovation Center.

Cabana on Hayden has studio, one- and two-bedroom floorplans with nine-foot ceilings, European wood-style cabinetry, smart thermostats, and full-size washers and dryers. Studio and one-bedroom floor plans have built-in workstation desks. Community amenities include a resort-style swimming pool, fitness center, co-working space, a parcel delivery room and covered parking.

PHOENIX, ARIZ. – REIAC Southwest is pleased to announce that Arizona Congressman David Schweikert will be the featured speaker at its 2021 Signature Event Dec. 16 at the Westin Kierland, 6902 E. Greenway Parkway in Scottsdale.

The event begins at 3:30 p.m. with registration and networking. The program begins at 4:30 p.m., followed by a networking reception at 5:30 p.m.

Rep. Schweikert, who represents the 6^th District of Arizona, is serving his sixth term in the U.S. Congress. He holds a seat on the Ways and Means Committee, having previously served on the Financial Services Committee. He also sits on the bicameral Joint Economic Committee, serving as the Senior House Republican Member, Co-Chairs the Valley Fever Taskforce, is the Republican Co-Chair of the Blockchain Caucus, Co-Chair of the Tunisia Caucus, and Co-Chair of the Tele Health Caucus.

“The Congressman is one of the most knowledgeable on Capitol Hill on matters of commercial real estate,” said REIAC Southwest Program Chair Richard J. Lund. “We are thrilled and honored to have him as our 2022 speaker.”

As a strong advocate for efficiencies in the 21^st-century economy, Rep. Schweikert collaborates with entrepreneurs and innovators in Arizona and around the world on ways to increase trade and drive economic growth. He has long championed technological innovations as the solution to the problems of over-burdensome government regulations.

Rep. Schweikert holds a seat on the Tax and Health Policy Subcommittees on the House Ways and Means Committee, where he is able to use his expertise in tax and health policy to lend his voice towards pressing issues such as meaningful tax reform and crashing the price of healthcare.

The event is open to the public and registration fee is $30 for non-REIAC members. The event will include a meet and greet with ASU MRED and Junior Achievement students. Register here.

TUCSON, AZ- Lisa Gies, a 22-year franchise operator of four Cold Stone Creamery stores in Tucson, AZ has sold her stores to new franchisee, Wild Spirit Ice Cream, LLC. The four franchised locations included in this transaction are:

• 1927 E. Speedway Boulevard,
• 5870 E Broadway Boulevard,
• 9565 E 22^nd Street, and
• 7113 E. Tanque Verde Road, all in Tucson.

This transaction closed on October 27, 2021.

Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, Lisa Gies, and the buyer, Wild Spirit Ice Cream, LLC represented itself in transaction. Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona. For more information, please contact Craig Finfrock of Commercial Retail Advisors at (520) 290-3200 or visit their website at www.cradvisorsllc.com.