Investment Archives

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 →

Lincoln Property Co. acquires Freeport Distribution Center

Freeport Distribution Center, WEB

Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix. Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport. The project is a close-in infill site offering immediate connectivity to the I-10, I-17… Read More →

Passco offers investors crowdfunding option for Tempe property

Ovation at Tempe, WEB

Passco InSite, LLC,  a joint venture between Passco Companies, LLC and InSite Investment Realty, has acquired the 270-unit Class B garden-style multifamily community Ovation at Tempe for $25.85 million. According to Bill Passo, CEO and Founder of Passco Companies, this new joint venture is an extension of a 20-year relationship with long-standing track record, market… Read More →

Dunbar buys Cabot Business Center in Phoenix

Cabot Business Center, Voit, WEB

Darren Tappen, Senior Vice President, Aric Adams, Vice President, and Mike Kasulaitis, Vice President of Voit Real Estate Services’ Phoenix office successfully directed the $9.275 million sale of a 109,684 square-foot industrial warehouse in Phoenix, on behalf of the buyer, Dunbar CBC, LLC, an affiliate of El Segundo, California-based Dunbar Real Estate Investment Management.  The… Read More →

Central Phoenix apartment complex trades in $12.5M investment deal

Bella View Apartments

A 355-unit, central Phoenix apartment community at 2912 E. Indian School Rd., Phoenix, sold for $12,500,000. The price calculates to $35,211 per door. The transaction closed this past July 29. Lee & Associates Principal Todd Braun and associate Will Barnard represented the buyer, SPL Real Estate & Management Co. of Denver. Karl Abert of Newmark… Read More →

Glendale-based AVANA Capital helps create new hotel in Ohio

From Centre Park Holiday Inn Event Center's Facebook page.

When an innovative commercial real estate mortgage lender joins forces with a respected leader in hotel management and development, progress happens and a community wins. AVANA Capital and Middletown Hotel Management (MHM) have brought to fruition a hotel and event center that will be an anchor for the township and a Butler County tourism draw… Read More →

The P.B. Bell Companies buys 2,759 apartment units

Alante at the Islands, 2222 N. McQueen Rd., Chandler.

The P.B. Bell Companies closed on the purchase of 2,759 apartment units in seven complexes throughout metropolitan Phoenix on Tuesday. The $168.5 million transaction represents the largest in company history and one of the largest sales in the Phoenix multi-family housing market since the economic downturn reset the real estate industry in 2008. The properties… Read More →

Palisades Private Capital Fund acquires Chandler Corporate Center

ChandlerCorpCenter, WEB

Palisades Private Capital Fund 1, a $50-million Fund created by Palisades Mexico Partners (PMP), has acquired Chandler Corporate Center, a two-story, 67,561-square-foot Class A office asset in Chandler, Ariz., for $13.9 million. PMP is a joint venture of Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors, LLC, an investment management and… Read More →

Danny’s Family Car Wash in Scottsdale sells for $2M per acre

Danny's Family Car Wash 1

ORION Investment Real Estate is pleased to announce the successful ground lease sale of the Danny’s Family Car Wash located at 15515 N. Scottsdale Rd. in Scottsdale, Ariz., for $6.5M to Pacific Scottsdale, LLC. The seller was Scottsdale Place, LLC. The car wash, detailing center, gas facilities and 2 convenience stores, totaling approximately 17,700 square… Read More →

Why more companies are coming to the Valley

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When it comes to recruiting new companies to relocate, expand or begin operations in Arizona, it’s all about “getting in the game and the closing the deal.” That was the message delivered at Valley Partnership’s June breakfast before a robust audience at the Phoenix Country Club. Christine Mackay, Economic Development Director for the City of… Read More →

Mixed-use project becomes largest crowd-funded real estate transaction in Phoenix

Zen Class Travel product
June 26, 2014 by in AZRE Magazine | Brokerage | Featured | Investment

7th Gate Center, a 43,426 square foot mixed-use project located at 1601 North 7th Street in Phoenix, closed for $5,025,000 on June 17. Braxton Glass, Vice President of ORION Investment Real Estate in Scottsdale, facilitated the transaction purchased by Cole Valley Partners, a boutique commercial real estate investment firm based in San Francisco. Harnessing an… Read More →

Stapley Corporate Center sells for $32.5M

Stapley Corp Center 32_web
June 26, 2014 by in AZRE Magazine | Blogs | Brokerage | Featured | Investment

Buchanan Street Partners, a Newport Beach-based real estate investor, has acquired Stapley Corporate Center, a two-building, Class A office property located at 1840 and 1910 South Stapley Drive in Mesa, Arizona. The acquisition reflects Buchanan Street’s continued investment strategy in the Phoenix area, a market where the firm has been an active buyer of commercial… Read More →

Op-Ed: The problem with prospecting

business plan

Admit it. It’s on the “To Do” list. You work on that list, add to it and then turn the page of your note pad and forget it. You will get to it…but then the week gets busy and you move it to next week…and so it goes. In order to get new business, we… Read More →

Buchanan Street Partners invests $43.25M in Phoenix properties

The Vue at Park West
March 31, 2014 by in AZRE Magazine | Brokerage | Featured | Investment

Buchanan Street Partners announced two acquisitions in the greater Phoenix area, including Vue Park West, a 260-unit luxury apartment complex in Peoria, Ariz., and the 106,077 SF Mesa Corporate Center office complex in Mesa, Ariz. The acquisitions reflect Buchanan Street’s continued investment strategy in the Phoenix area, a market where the Newport Beach, Calif.-based investor… Read More →