Take a holiday trot at Antique Toy Horse Display at Canoa Ranch

Canoa Ranch HQ

GREEN VALLEY, ARIZONA — A unique set of children’s toy horses will be on display Dec. 8-Jan. 5 at Historic Canoa Ranch, 5375 S. I-19 Frontage Road in Green Valley.

On display for the first time, the collection is courtesy of Cheri Raftery, part of a fourth- generation ranching family that breeds, raises and trains cutting horses at the equestrian center at Canoa Ranch, which is managed by the Pima County Natural Resources, Parks and Recreation Department.

The antique rocking horses and mechanical horses range from pre-Civil War era to the 1960s. The horses come from different areas of the country, though some may have originated in Europe. Their styles vary greatly. Depression-era horses are crudely and simply made; however, the classic rocking horse has remained the same for generations.

The collection features the different type of mechanisms of motion used on a child’s toy horse. One is made from a model T spring, others have real horse hair manes or tails.

Exhibit hours are 10 a.m.-2 p.m., Tuesday through Saturday (closed Dec. 25 and Jan. 1). After viewing the collection, visitors can tour the Manning Jr./Schnaufer House. There is a $10 donation per person to view the exhibits.

The entry gate to Historic Canoa Ranch is open seven days a week from 7 a.m. to 4 p.m. for access to the newly restored Canoa Lake and the Anza Trail. Guided tours of the historic site are conducted Tuesdays and Saturdays at 10 and 11 a.m. Visit www.pima.gov/canoaranch for more info on programs and other guided tours.

In 2001, Pima County purchased and began to restore the 4,800-acre Canoa Ranch complex with voter-approved 1997 and 2004 bond funds. Pima County opened the ranch headquarters to the public in March 2013.

 




2017 Prospector of the Year Leverages Newest Multifamily Sale in Phoenix

Casa Bonita, 3205 E. Earll, Phoenix

Phoenix, Arizona – Another multifamily sale in the books for Advisor, Vicente Cantua.  SVN Desert Commercial Advisors named Cantua the 2017 Prospector of the Year for demonstrating his tenacity in building his business throughout the year.  Him and his real estate partner, Carrick Sears also received Deal of the Year.  By leveraging his dedication of hitting the phones every day, utilizing all the tools and resources at SVN, Vicente lands and closes the newest multifamily property for approximately $1M in Phoenix.

The property, Casa Bonita is located at 3205 E. Earll in Phoenix.  The 6,950-square-foot property closed on October 22nd with a sale price of $975,000.  The east Camelback submarket is seeing tremendous growth and properties in the area have been trading in the upwards of $200,000 per unit.  Casa Bonita, a complex made up of one and two-bedroom units are individually metered in this 8-Unit complex, which sold for $122,000 per unit.  Lead advisor, Vicente Cantua stated, “I am so proud of Carrick for keeping this deal together by thinking outside the box on two separate instances.”  The deal had a few challenges along the way, but with Sears’ senior advisory, they were able to break through some barriers regarding the buyer’s post-inspection requests and the extended closing issues requiring some quick-witted thinking.

SVN represented the seller, Vasile Tupita in the transaction.  Tupita is an experienced investor that has a track record of flipping properties. His partner, Florin Ianc is the one who worked primarily with the advisors in the transaction.  Ianc stated, “Vicente and Carrick surpassed my expectations and thought outside the box to make sure the property closed.”  The deal had multiple extensions that were close to interfering in another sale transaction of the seller’s.  Ianc continued to express, “Luckily the hard-working SVN Multifamily team was committed in finding a way for everything to work out. I know I can rely and trust in them in future deals.”

The buyer, Hendro Riyadi is a first-time investor in Arizona from California.  When looking for properties, he wanted to reposition this particular property and hold onto it for the long term.




ABI Brokers Last Lender REO in Phoenix, AZ, a $7.925M Apartment Sale near Light Rail

Brookfield Terrace Apartments, Phoenix, AZ

Phoenix, Arizona — ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $7,925,000 / $58,704 Per Unit sale of the Brookfield Terrace Apartments located in Phoenix, Arizona.  Brookfield Terrace is a three story, garden-style apartment community which rests on approximately 2.28 acres.  The unit mix consists of all one-bedroom/one-bathroom units measuring 602 square feet.  All utilities are master-metered including electricity, gas, water, and sewer and hot water for the property is provided by master boilers.  Units feature air conditioning / heating, balcony / patio, ceiling fan(s), oversized closets, walk-in closets, ceramic tile flooring throughout, and a kitchen equipped with a garbage disposal, gas range / oven and refrigerator.  Brookfield Terrace also provides its residents with a swimming pool and hot tub, clubhouse with billiards and kitchen, lighted walkways and common areas, two newly renovated laundry facilities and covered parking.

“Brookfield offered the buyer a number of strategic advantages,” states Alon Shnitzer, Senior Managing Partner at ABI, lead broker for this transaction.  “First, the Buyer was seeking a property in an up-and-coming submarket with potential to increase rents via further property upgrades.  The buyer, CALCAP, intends to invest over $1M into property upgrades, including improving the property appearance along 19th Avenue, renovating apartment interiors, and updating the common areas enjoyed by residents.  Second, the Buyer sees the Metro Light Rail corridor, particularly the northern end, as an area with more room for growth.  The property is, essentially, across the street from the 19th Avenue/Glendale Light Rail stop and less than one mile from Christown Spectrum Mall.  As residents have been displaced with all the new high-end developments occurring in more urban core areas along Light Rail, the Buyer hopes to capitalize on this movement by offering a premium, renovated property with more attractive rents.”

The Buyer, California Capital Real Estate Advisors, Inc. (CALCAP) is an experienced multifamily investor based in California.  Founded in 2008 and led by former senior leaders of one of the largest thrifts in the U.S. Partnering with businesses, asset managers, real estate investors and developers, CALCAP represents individual and institutional investors by strategically allocating capital across a multitude of real estate investments.

The Seller, iA Financial Group, is an experienced Canadian-based multifamily lender.  Founded in 1892, iA Financial Group offers a comprehensive range of life and health insurance products, savings and retirement plans, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans as well as a host of other financial products and services.  iA Financial Group has operations throughout Canada and stands out for the size and diversity of its Canada-wide distribution channels. The company also has operations in the United States.

The multifamily brokerage team of Alon Shnitzer, John Kobierowski, Rue Bax, Eddie Chang and Doug Lazovick represented both the Buyer and Seller in this transation.

For additional information Shnitzer can be reached at 602.714.1283 or at www.ABImultifamily.com.