TUCSON, Ariz. – CBRE announced the $31.15 million sale of a 426-unit multifamily portfolio consisting of one- and two-bedroom casitas in 28 communities across the greater Tucson area.

CBRE’s Tucson capital markets team comprised of brokerage, debt and equity and appraisal services all contributed to the transaction. The buyer, HZ One, LLC, a Tucson-based venture led by Chris Kemmerly, Marcel Dabdoub and Ike Isaacson, plans to brand the portfolio as San Xavier Casitas.

CBRE’s Capital Markets Debt & Structured Finance team, Tim Prouty, Kevin Prouty and Theresa Witz, secured a debt package consisting of 12 separate loans – eight standalone loans and four grouped loans – originating from the Freddie Mac Small Balance Loan program.

“The portfolio’s expansive presence across the Tucson metro provided stability and ultimately helped secure the financing,” said CBRE’s Tim Prouty. “The added flexibility offered by the Small Balance Loan program was crucial to a successful structuring of the debt.”

The loan package was the largest single Small Balance Loan financing completed by CBRE and Freddie Mac since the program began nearly two years ago.

Byron Bridges with CBRE Valuation & Advisory Services in Tucson led the team’s appraisal services.

For additional information, Isaacson can be reached at 520.777.4089 and Prouty should be contacted at 520.323.5123.

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[mepr-show rules=”58038″]Sale date: 3/15/2018. Sale price: $31,148,700. Document #2018-0740846. (324) APNs Seller: Hazen Townhomes, Brent Hazen, manager.[/mepr-show]

Tucson, Arizona – CBRE is pleased to announce that Alex Hardie has joined its Tucson office in the role of Sales Manager. Ms. Hardie will be responsible for leading day-to-day operations for the firm in Tucson, directing CBRE’s strategic development across multiple service lines, managing client relationships and measuring overall engagement for the Tucson office. Ms. Hardie will partner closely with the rest of the Southwest Region leadership team and work to ensure collaboration between local, regional and national practice leaders, to win new business and best serve CBRE clients.

“Alex is a strategic addition to our Tucson office. Her background in operations and finance provides a unique combination of relevant experience and a fresh perspective,” said Ike Isaacson, managing director for CBRE Advisory & Transaction Services in Arizona. “We look forward to seeing the impact Alex makes in aligning local opportunities with the best CBRE resources to help build advantage for our clients and shape our region’s future.”

Ms. Hardie comes to CBRE from Trinity Management where she was most recently the Director of Property Management, responsible for overseeing the financial and operational performance of a $210 million housing asset portfolio. She is a graduate of Northern Arizona University, where she received a Bachelor of Business Administration degree in business management, small business and entrepreneurship.

Tucson, AZ – CBRE is pleased to announce that Jesse Blum has been promoted to senior associate. Blum, an advisory and transaction professional in the firm’s Tucson office, specializes in utilizing market research and database implementation to create proprietary, market-specific knowledge. These strategies are designed to solve regional and national location needs and create local competitive advantages.

“We are delighted to promote Jesse and recognize his dedication and client service,” said Ike Isaacson, managing director of CBRE’s Phoenix office. “Jesse’s commitment to local information keeps him ahead of new economic trends and development. He has been successful at using this information to create the highest and best outcomes for each of his clients.”

Blum, a Tucson native and a graduate of the University of Arizona, joined CBRE in 2013 and has become a rising leader and valuable asset to the Tucson office.