New to Market Archives

Marcus & Millichap closes the sale of 3 properties feverpitched

Wells Fargo Marcus & Millichap announced the sale of Wells Fargo Ground Lease, a 4,692-square foot net-leased property located in Marana, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,118,000. Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing… Read More →

C & W | PICOR early October transaction list Oleg Dudko

SALE Synergy Plaza, LLC purchased the former McMahon Plaza in Tucson, located at 2941 – 2959 N. Swan Rd. & 4626 – 4646 E. Ft. Lowell Rd., from Western Alliance Bank for $5,000,000. The 46,933 square foot mixed-use property includes office, retail and restaurant space.  The project will be rebranded as “Synergy Plaza”.  The restaurant… Read More →

ORION closes Tucson medical center for $3M

1925 W Orange Grove

Orange Grove Medical Center, a 40,782 total square foot multi-tenant office building, sold for $3,000,000, or $73.56/SF. The property is located on the southeast corner of Orange Grove Road and La Cholla Boulevard in Tucson, Arizona. Constructed in 1988, the medical center sits on fee ground at the Northwest Medical Center Campus and was approximately… Read More →

CBRE releases September transaction report

721 N 4th Avenue

CBRE’s Tucson office has released the following transaction report for September: LEASES WirelessPCS, LLC has leased 2,200 square feet of retail space at 1841 and 1845 S. Craycroft Road from Ashraf Shiha. The tenant was self-represented. Michael Laatsch with CBRE’s Tucson office represented the landlord. Oasis Foods, LLC has signed a 3,300 square-foot lease of… Read More →

C & W | PICOR rolls out another September transaction list feverpitched

SALE Dreamstyle, LLC purchased an 11,055 square foot building at 3925 N. Runway Dr. in Tucson from New Apollo Investments, LLC for $475,000.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Tony Reed with Long Realty Commercial, represented the buyer in this transaction. LEASE Preferred Pump & Equipment, LP… Read More →

Fundrise funds Starbucks-anchored center in Tempe Sergey Kohl

Fundrise (, the country’s first platform for online real estate investment, announced that it has provided Birtcher Anderson Realty $3.1 million in construction financing for a Starbucks-anchored retail development in Tempe, Arizona. Jay Maddox of commercial real estate services company, Avison Young, arranged the transaction, which is quite possibly the first-ever crowdfunded commercial construction loan.… Read More →

P.B. Bell set to open The View at Cascade

The View

P.B. Bell, a leader in multi-family housing development, management and acquisitions, is preparing to open The View at Cascade, its newest community in Scottsdale.  Located at Scottsdale Road and the Loop 101, The View at Cascade is a modern, luxurious community that features one- and two-bedroom residences nestled in an upscale, resort-style atmosphere. The community… Read More →

The Standard is Old Town Scottsdale’s newest resident

The Standard Exterior Rendering

Experience innovative luxury living at Scottsdale’s newest apartment community, The Standard. Located in the heart of downtown Scottsdale’s thriving cultural and social hub, comes a host of unique apartment homes, drawing inspiration from mid-century modern style. Adjacent to the Hotel Valley Ho, an iconic 1950s landmark, The Standard blends design elements from the era with… Read More →

Reign of the Sun Devil

ASU Athletics Facilities District redering

Arizona State University is looking to give its aging sports arenas a face lift, and the school is taking a unique approach to come up with the necessary funds for the expansion and renovations. The university plans to convert an area of its Tempe campus into a fee-generating commercial and residential development. ASU and master… Read More →

Demand strong as sales start for $40M Edison Midtown

Edison Midtown, Deco Communities
September 30, 2015 by in AZRE Magazine | Featured | Multi-Family | New to Market

With all eyes on the Downtown Phoenix development scene, one of the most anticipated projects of the year has kicked off sales with a strong demand from area buyers looking to invest in growing Midtown Phoenix. Edison Midtown, the urban contemporary midrise by Deco Communities officially launched its sales this week with the opening of a… Read More →

CBRE completes three major multifamily sales

Shade at Desert Ridge Village

Copper Palms CBRE has completed the sale of Copper Palms apartments, a 206-unit apartment community located at 12810 N. Cave Creek Road in Phoenix. The property commanded a sale price of $13.9 million and was 95 percent occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office… Read More →

Rosecrest Apartments in the heart of midtown sells for $929K


ORION announced that Rosecrest Apartments has sold for $929,000, or $61,933/unit. The property is well-located in the heart of Midtown on 3rd Avenue and Camelback Road. Situated on an approximate half-acre of land, Rosecrest Apartments is comprised of three block-constructed buildings totaling 15 units. The property is individually metered for electricity and was 100% occupied… Read More →

C & W | PICOR comes out with more recent transactions Vitaliy Vodolazskyy

SALE 18Teen Jak Properties, LLLP purchased Oakwood Terrace Apartments, a 57-unit apartment complex at 2740 N. Balboa Ave. in Tucson from Pinnacle Realty Investors, LLC for $915,000.  Allan Mendelsberg, Investment Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction. TDD Properties, Inc. purchased a 21,980 square foot office building at 3131 N. Country… Read More →

Construction begins at Madison Simis Elementary School


McCarthy Building Companies and Madison School District #38 are celebrating the start of construction of the new $16 million, 72,000-square-foot Madison Simis Elementary School and administrative building in north central Phoenix. Elected officials including Councilman Sal DiCiccio, Representative Dr. Eric Meyer, Representative Ken Clark and Representative Kate Brophy McGee will join school officials, teachers, parents,… Read More →