Investment Archives

Phoenix firm buys El Paso industrial portfolio

CBRE announced the sale of a four-building, 245,745-square-foot industrial portfolio in El Paso, Texas, on behalf of New York-based Sullivan Crosby Trust. Phoenix, Arizona-based ViaWest Group purchased the portfolio in an off-market transaction for an undisclosed price. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora, with CBRE’s El Paso office, represented the seller. The buildings are… Read More →

Aspire Real Estate Investments makes first acquisition

Surrounding Area Map, WEB

Aspire Real Estate Investments (Branden Lombardi, Zach Sakas, principals) announced its first acquisition since the formation of the residential land investment focused company, with the successful acquisition of +/- 40 acres of raw land at the northeast corner of Jomax Road and 120th Street in Scottsdale, Arizona. This property is one of the last remaining… Read More →

DPR Foundation awards $900K to youth in 2015

kids
January 30, 2015 by in AZRE Magazine | Featured | Investment | Newsmakers

The DPR Foundation, a 501(c)(3) non-profit organization dedicated to helping economically disadvantaged youth reach their full potential, today announced 2015 grant awards to 17 organizations, which will collectively receive $900K. The Foundation will distribute $820K in grants to support local youth development programs and set aside an additional $80K in discretionary funds that will be disbursed… Read More →

$11.5M acquisition loan for lease property

Sports Authority

CBRE Capital Markets has arranged an $11.5M loan in the sale of a triple-net leased retail property leased to Sports Authority. The 50,714-square-foot property sold for $15.25M. Geoffrey Harris, with CBRE’s Capital Markets Debt & Structured Finance group in Phoenix, arranged the five-year loan on behalf of the buyer, a private investor based in Florida.… Read More →

ViaWest Group acquires Tiger Industrial Center

Tiger Industrial Center, via ViaWest Group

ViaWest Group announced the recent acquisition of two multi-tenant, industrial buildings collectively referred to as Tiger Industrial Center. Located at 4901 & 4929 W. Van Buren, the complex is comprised of 103,064 SF. Sold on December 30, 2014, Phoenix-based ViaWest Group paid $4.55MM acquisition. This is the first acquisition in ViaWest’s new fund focused on… Read More →

Colliers Int. sells Chandler Corporate Center

Main Photo_Chandler CC
January 10, 2015 by in AZRE Magazine | Featured | Investment | Real Estate

Colliers International in Greater Phoenix recently completed the sale of the Class A, 68,443-square-foot Chandler Corporate Center II, which was 100 percent occupied at the time of the sale. Palisades Capital Realty Advisors of Los Angeles purchased the building, located at 500 North Juniper Drive in Chandler, from The Rockefeller Group. Mindy Korth, executive vice… Read More →

Cushman & Wakefield negotiates $2M sale

Fate Brewing  Rendering

Cushman & Wakefield of Arizona’s Retail Services Division negotiated the $2 million sale of 1312 N. Scottsdale Rd., which will be the new home of Fate Brewing Company. Brian Kocour and Courtney Auther Van Loo of Cushman & Wakefield represented the seller, SBI Leasing Inc. of Scottsdale. Scottsdale-based real estate investor Tom Frenkel was the… Read More →

STORE Capital announces strong acquisition activity in 2014

STORE Capital Logo copy

STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, reported on Dec. 31 strong acquisition activity for the fourth quarter and full year. The company’s real estate investment portfolio grew from $1.7 billion in gross investment dollars representing 622 property locations at… Read More →

ARC Healthcare Trust buys Paradise Valley Medical Plaza

Paradise Valley Medical Office

Plaza Companies and USAA Real Estate Company have sold a signature medical office building, Paradise Valley Medical Plaza, in Phoenix to American Realty Capital Healthcare Trust in a $28.3 million transaction. Paradise Valley Medical Plaza, an award-winning, 104,000 square foot class-A medical office building, was purchased by American Realty Capital Healthcare Trust in a deal that… Read More →

BH Properties buys Plaza at Squaw Peak for $25M

Plaza SQ_PHOTO, WEB

On behalf of their client, IX CW Plaza Squaw Peak, LP, (an affiliate of Starwood Capital Group), Capital Asset Management announced today the successful sale of The Plaza at Squaw Peak, a 428,044-square-foot class-B office building, to BH Properties, a Los Angeles commercial real estate investment company. Located on 16th Street and Morten Avenue in… Read More →

Moreland Auto Group buys 22 acres in Avondale

Courtesy of Cassidy Turley
December 4, 2014 by in AZRE Magazine | Brokerage | Featured | Investment

Cassidy Turley* announced the sale of 22.6 acres of commercial land at the northwest corner of Avondale Boulevard and McDowell Road in Avondale, Ariz., for $2.2 million ($2.24 per square foot). Doug Moreland of Colorado-based Moreland Auto Group purchased the property under Moreland Arizona Properties, LLC from Rialto Capital Management LLC. Cassidy Turley Vice Presidents… Read More →

IREM, CCIM announce 9th annual CRE Economic Forecast

Economic Forecast

IREM and CCIM will present the 9th annual commercial real estate Economic Forecast at the Tempe Center of the Performing Arts on Thursday, Jan. 15, 2015. IREM and CCIM will begin the program by honoring Jerry Colangelo, who will be recognized as the Person of the Year by the organizations. The panel discussion will be… Read More →

Stockbridge Capital Group buys Phoenix industrial portfolio

Metro Business Park

Cassidy Turley* announced Tuesday that San Francisco-based Stockbridge Capital Group, LLC, a fully independent real estate investment management firm, has closed on five of six properties that are part of a multi-tenant industrial portfolio in metro Phoenix for $53.16 million. Stockbridge is under contract with plans to close on the sixth building located in Tempe… Read More →

LA-based investor buys 90 Mountain View for $34.6M

90 Mountain View, Cassidy Turley, WEB

Cassidy Turley* announced Monday that Los Angeles based Regent Properties, a multi-faceted real estate investment company, has acquired 90 Mountain View, a 183,644 square foot office project located at 9977-9999 N. 90th St. in Scottsdale, Ariz., for $34.6 million ($188.41 per square foot). The seller was Principal Real Estate Investors, one of the largest institutional… Read More →