PHOENIX, Arizona – ORION Investment Real Estate recently sold the 66-unit short-stay motel, formerly known as Best Inn Suites, located on Van Buren Street and 36th Street for $3.3 million ($50,000/unit, or $93/SF). The buyer’s plan to convert the motel to apartments is already underway. The motel was 97% occupied (daily, weekly and monthly terms) …
ORION Handles Motel Conversion Transaction for $3.3 Million Read More »
SCOTTSDALE, Arizona – The final days of 2017 brought a flurry of activity in the Phoenix commercial real estate market. For Scottsdale-based ORION Investment Real Estate, it has been another successful year measured by growth and deal volume. Focusing both on investment sales and leasing, ORION finished a strong 2017 with nearly $50 Million in …
Orion Investment Real Estate Ends 2017 with $50M in December closings Read More »
Phoenix, AZ – – CBRE has completed the sale of the Tamarron, a 328-unit multifamily community located at 4410 N. 99th Avenue in Phoenix, Arizona. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller. Joseph Dietz with Orion Investment Real Estate represented the …
CBRE Completes Sale of Tamarron Apartments in Phoenix Read More »