Investment Archives

HFF arranges acquisition financing for Camelback Center

HFF OM - Camelback Center

HFF announced it has arranged acquisition financing for Camelback Center, a 32,963-square-foot, CVS-anchored retail center in Phoenix. HFF worked on behalf of a private real estate fund advised by Crow Holdings Capital- Real Estate to secure the fixed-rate loan through Guggenheim Commercial Real Estate Finance, LLC.  Loan proceeds were used to acquire the property. Camelback… Read More →

Investment company buys Eastpoint Business Center

Eastpoint Business Center, WEB

Cassidy Turley announced the $6.5 million ($84.08/psf) sale of Eastpoint Business Center located at 3191 N. Washington Street in Chandler, Ariz. Privately held investment management company AICI (El Segundo, CA) purchased the 77,303 square foot property from Dalfen America Corp. of Westmount, Quebec, Canada. Cassidy Turley’s Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve… Read More →

Verde Investments buys Superstition Commerce Park

Superstition Commerce Park, Courtesy of Cassidy Turley

Cassidy Turley has announced the sale of Superstition Commerce Park, a 15.97-acre industrial project west of the northwest corner of U.S. Highway 60 and Sossaman Road. Phoenix-based Verde Investments, Inc. purchased the property for $8.8 million from Delta SCP, LLC. The buyer is an owner/user and plans to occupy the project. Cassidy Turley Executive Managing Directors… Read More →

Wentworth Property, Northwood Investors to redevelop 234KSF office

Rendering courtesy of Gensler

Wentworth Property Company (WPC) and Northwood Investors purchased a ±234,446 square foot office project at 1665 W. Alameda Drive. The partners had the vision to see the unique potential in the property and purchased it for $13.83M with plans to spend $20 to $25 million on redeveloping the project. They selected Gensler as the architect,… Read More →

BH Properties acquires Shasta Beverages warehouse in Phoenix

BH Properties, WEB

BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix, for $1.9 million. The all-cash deal closed in 18 days. “This property presented a prime investment opportunity as we are actively… Read More →

Auto aftermarket company signs 109KSF lease in Phoenix

Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction. Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment arm… Read More →

Vintage Partners to redevelop ’50s era shopping center

Courtesy of MMPR Marketing

Vintage Partners, the Arizona-based commercial real estate development and investment company, announced its selection by Uptown Plaza Associates, LLC to lead the redevelopment of Uptown Plaza, the landmark 1950s era shopping center in central Phoenix on the NE corner of Central Avenue and Camelback Road.  Kicking off with a groundbreaking in September 2014 (exactly 59… Read More →

CCIM Institute certification’s return of investment

CCIM Central Arizona Chapter Logo

Op-Ed by Scott Fey, CCIM, Principal, Omni-American LLC The Certified Commercial Investment Member (CCIM) Institute was established in 1954 to give commercial real estate practitioners a previously unrealized opportunity to further their business practices through focused education and networking opportunities. Today, with the addition of advanced technology tools, CCIM is the global leader in commercial and… Read More →

Freeport Distribution Center sells for $12.17M

Freeport Distribution Center, HFF, WEB

HFF announced Monday that it has closed the sale of Freeport Distribution Center, a two-building, 219,240-square-foot distribution center in Phoenix. HFF marketed the property on behalf of the seller, IDI Gazeley, part of Brookfield Logistics Properties under the Brookfield umbrella.  An affiliate of Lincoln Property Company purchased the center for $12.17 million free and clear… Read More →

Adler buys 164KSF office campus in Deer Valley

Corridors, WEB

Adler Realty Investments, Inc. (Adler) purchased four multi-tenant office buildings in Phoenix for $16M. The property is part of a larger 80 acre mixed-use park called “Corridors” in the Deer Valley submarket of Phoenix. The Alter Group, the developer of the park, was the seller in the transaction. The 164,000 square feet office campus is currently… Read More →

Ready For The Rebound!

Recovery_Rebound_121567512

As the U.S. and Arizona markets improve, commercial contractors remain optimistic about the pending rebound. In anticipation of that growth, the Arizona Builders’ Alliance (ABA) has retooled its strategic plan to focus on a more modern, streamlined approach to membership services. Founded in 1994, by the merger of the Building Chapter of the Associated General… Read More →

ULI seeking real estate proposals for ‘Shark Tank’ event

ULI Arizona Shark Tank Flyer art

The Urban Land Institute (ULI) Arizona District Council is seeking proposals from local real estate entrepreneurs to showcase and pitch their projects at the popular ULI Shark Tank event.  Real money and expert deal making advice is at stake for successful candidates with real estate development experience, an active and interesting deal to discuss, and… Read More →

HTA closes $89M in acquisitions in August

Healthcare Trust of America
September 3, 2014 by in AZRE Magazine | Featured | In The Spotlight | Investment

Healthcare Trust of America, Inc. (NYSE:HTA) announced today that it had closed on approximately $89 million of investments in August 2014, increasing its total investment activity to approximately $300 million in 2014. This represents an approximate 10 percent portfolio growth rate year. These third quarter acquisitions includes two separate investments in medical office buildings (“MOBs”)… Read More →

Valley retail portfolio sells for $150M

Target-Village Center, CBRE, WEB

CBRE has completed the sale of the Phillips-Edison Fund IV Portfolio. The nine-property retail portfolio sold for $150 million and totals over 1.35 million square feet. Jesse Goldsmith and Steve Julius of CBRE in Phoenix, Ariz., along with Christian Williams and Gleb Lvovich of CBRE’s National Retail Investment Group, negotiated the sale between the seller,… Read More →