ORION Investment Real Estate Archives

CorePower Yoga replaces old print shop on Mill Ave.

Mill Ave

ORION Investment Real Estate has announced the sale of a single-tenant retail building for $1,200,000, or $371.75/SF. The property is located in the heart of bustling Tempe on renowned Mill Avenue, just south of University Drive. The free-standing building is well-situated, located adjacent to Arizona State University’s Main Campus, and a short drive from the Phoenix… Read More →

ORION closes three apartment properties in North Phoenix

The Franciscan

ORION Investment Real Estate has sold three separate apartment communities located in the emerging North Phoenix/19th Avenue Corridor. All properties are in close proximity to the Light Rail and are near major shopping anchors, as well as new, ground-up infill developments. Located off of Glendale Avenue and 19th Avenue, Villa Ventura sold for $3,197,500 ($63,950/unit). Located… Read More →

ORION announces two multifamily transactions in Phoenix

Maryland East Apartments

ORION Investment Real Estate has announced the sale of two small apartment communities located in the Phoenix MSA. Located off the Loop 202 Freeway and Van Buren Street, Belaflora Condominiums sold for $1,255,000 or $83,667 per unit. This 15-unit portfolio sale of Class “A” Condos is part of a larger 185-unit complex within a strong… Read More →

ORION closes sale of Plaza 7 Shopping Center for $2.3M

Plaza 7 Photo
by in AZRE Magazine | Brokerage | New to Market | Retail

ORION Investment Real Estate announced the closing of Plaza 7 located at 18449 North 7th Street in Phoenix, Arizona for $2,300,000 ($143/SF) to a private individual who has a portfolio of commercial properties in Phoenix. The Sellers, ACV Calzona I, LLC, are developers based in Sonoma, CA who ended up with Plaza 7 after developing the… Read More →

The Shops at Fry’s Marketplace sells for over $2M

by in AZRE Magazine | Brokerage

The Shops at Fry’s Marketplace, a 23,790 square foot shopping center, sold for $2,045,000 or $85.96/SF.  The infill center is located at Stapley Drive and McKellips Road in Mesa and is shadow-anchored by a recently renovated Fry’s Marketplace. This investment provides the buyer with some stable, existing tenants and a great deal of upside through… Read More →

Scottsdale retail center sells for $600/SF


Reported as the highest price per square foot achieved for an Arizona multi-tenant retail property over 10KSF, The Marketplace at Lincoln & Scottsdale changed hands in a private, off-market transaction.  The 22,081 SF retail center, which has quickly become home to some of the hottest local eateries, sold for $14M.  The Marketplace is located on… Read More →

Williams Landing Apartments sell for $4.15M

ORION Investment Real Estate announced the sale of Williams Landing Apartments, a 72-unit apartment complex in Gilbert, Arizona, for $4,150,000.  Jackie Allen, Vice President of Multifamily Investments at ORION marketed the property and negotiated the transaction.   Williams Landing Apartments is a two-story community consisting of 72 rental units. The property was built in 1982 using… Read More →

Hawthorne Condos sell for $19.11M

by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate announced the sale of The Hawthorne condominiums located in the Midtown area of Phoenix, near the intersection of 3rd Avenue and Indian School Road.  The condominium complex consists of 276 total units, of which 182 were just sold for $19,110,000.  The seller in the transaction was Jeff Appleton of the Hawthorne… Read More →

Sunburst Plaza in Glendale closes for $9.3M

by in AZRE Magazine | Brokerage | Featured | In The Spotlight

ORION Investment Real Estate announced the sale of Sunburst Plaza in Glendale, located at the Southwest corner of 43rd Avenue and Bell Road in Glendale.  The 103,000 square foot shopping center sold for $9,300,000 to Sunburst Station LLC an entity affiliated with Phillips Edison & Company based in Cincinnati, OH.  The Seller in the transaction was… Read More →

Monterey Vista Village sells for $9.8M

Monterey Vista Village

ORION Investment Real Estate announced the sale of Monterey Vista Village Shopping Center located on the northwest corner of Pecos and McQueen Roads in Chandler.  Monterey Vista Village is an 88,382 square foot center built in 2006 and sold for $9,800,000.  The property sits on 10.47 acres and is 77% leased to Auto Zone, Air… Read More →

Bob Parsons affiliate buys Cornerstone shopping center

Cornerstone 1, Orion, WEB

ORION Investment Real Estate announced Tuesday the sale of The Cornerstone shopping center in Tempe, Ariz., located on the NEC of Rural Road and University Drive adjacent to Arizona State University.  The 117,351-square-foot center sold for $28,556,152 to Cornerstone Retail, L.L.C., a commercial real estate entity affiliated with YAM Properties which was founded by Valley… Read More →

Nick Miner appointed to CCIM executive committee

CCIM Central Arizona Chapter Logo

  The CCIM Institute, one of the largest commercial real estate networks in the world, announced its 2015 leadership teams during the organization’s annual conference in Los Angeles on Oct. 17. The CCIM Institute confers the Certified Commercial Investment Member (CCIM) designation, commercial real estate’s global standard for professional achievement. Nick Miner, CCIM, Vice President… Read More →

Campbell Shops at 24th sell for $2.3M

Campbell Shops at 24, ORION, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate announced the closing of the Campbell Shops at 24th Street located at 4517 North 24th Street in Phoenix for $2,300,000 ($263/SF) to Santa Fe Arms LLC, managed by Steve Olafson in Scottsdale, Ariz. The seller was Greenfield-Inverness, LLC based in Phoenix. The property was 57 percent occupied at time of closing.… Read More →

ROIs on commercial properties see some uncertainty


Asking about a solid investment is a loaded question, says Certified Commercial Investment Member (CCIM) Jason Eisenberg, vice president of development and acquisitions for the Eisenberg Company. Commercial real estate investment returns are expected to remain steady through year-end, according to a forecast released by Real Estate Research Corp. Deloitte and the National Association of… Read More →