Investment Archives

Distribution building sells for $2.15M in investment transaction

123RF.com, Copyright: valeriylebedev
June 24, 2015 by in AZRE Magazine | Brokerage | Investment

A 25,570 SF industrial building at 1401 S. SIesta Lane in Tempe, sold for $2,150,000 or $84.08 per SF. Lee & Associates Broker Kurt Saulnier and Principal Ken McQueen worked both sides of the transaction. The seller was Dunbar Siesta of El Segundo, CA and the buyer was Adler Realty Investments of Woodland Hills, CA.… Read More →

Preliminary master development plan for ASU Athletics Facilities District released

ASUAFD Preliminary Master Plan - 6.16.15

Arizona State University (ASU) and Catellus Development Corporation, a nationally recognized master developer, are taking an important step toward creating a world-class urban community immediately adjacent to ASU’s Tempe Campus.  Following several months of due diligence and market analysis, Catellus worked in collaboration with ASU to develop a preliminary master development plan to transform the… Read More →

The great exchange: How 1031 exchanges affect local markets

The Offices at Reems in Surprise were recently exchanged through a 1031 deferral, handled by Colliers International's Rob Martensen.

With the talk of tax reform that would repeal or limit 1031 Exchanges, the global effect of changing like-kind deals is in the spotlight. Section 1031 Exchanges, or like-kind exchanges, are used in commercial real estate to allow investors to reinvest their profits into a new property through an exchange of a similarly valued property… Read More →

Helix Capital closes $5.83M private loan deal

Courtesy of Serendipit Consulting

Helix Capital, an Arizona-based commercial real estate investment, development, brokerage and management company, recently closed a $5.83 million private loan deal. Helix provided private financing for a 52,134 SF shopping center located at Bell and Reems Roads in Surprise, Ariz. The shopping center is 100 percent leased and Mountainside Fitness is the anchor tenant, occupying 75… Read More →

Strength in Numbers: Crowdfunding bullish on real estate

7th Gate Center

Crowdfunding isn’t just about raising capital for smart watches, giant batches of potato salad or unexpected life events. It’s increasingly an online marketplace used by real estate investors around the country. Massolution reported last April that crowdfunding platforms raised $2.7 billion for more than a million campaigns in 2012. It went on to predict, as… Read More →

CCIM Central Arizona wins national award

The CCIM Institute recognized nine local CCIM chapters for excellence at its Midyear Business Meetings in Chicago, held March 22–25. The annual CCIM President’s Cup awards program took place on March 24, honoring CCIM chapters that have demonstrated the highest degree of skill, ingenuity, and innovation in promoting the membership benefits of the Institute at… Read More →

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 →