Zack Mishkin

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ORION Handles Motel Conversion Transaction for $3.3 Million

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) […]

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Orion Investment Real Estate Ends 2017 with $50M in December closings

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

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9 Units Sell in Prime Multifamily Tempe, Arizona Location

TEMPE, Arizona – Situated on the southeast corner of 2nd Street and Hardy Drive, just East of Mill Avenue in a prime Tempe location, Hardy Apartments sold for $840,000, or $93,333 per unit ($38.10 PSF for land). The sale included 8 one-bedroom/one-bath units, and a single-family three-bedroom/one bath home. The property sits on just over

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