Sterling Real Estate Partners, a Scottsdale, Arizona based real estate investment company, recently acquired Pennytree Apartments in Mesa, Arizona. Originally built in the 1960’s, the 146-unit property is strategically situated…
Harvard Investments bought 25.69 acres of land in Goodyear for $10,500,000, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southeast corner of…
The Phoenix industrial market continued to surge in the first quarter, according to a report from Kidder Mathews. Market highlights: • Average sale prices climbed to a new record high of…
CBRE has announced the sale of The Porter, a 165-unit multifamily community in Tempe, Ariz., to a private investor for $32 million. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE represented the…
CBRE has negotiated the sale of The Mesa Tower, a 16-story, 311,949-square-foot Class A high-rise office building in Mesa, Ariz. to Dallas-based CAMCO Investment Group for $39.5 million. CBRE’s Barry Gabel, Chris…
Pulte Homes bought 20.6 acres of land in Glendale for $4,400,000, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southeast corner of…
Land Advisors Organization’s Metro Phoenix Homebuilding team announced the closing of two land sales to KB Home in the much sought-after West Valley of Metro Phoenix on behalf of KB…
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., announced the $32.25 million / $201,563 Per Unit / $235.20 Per SF sale of Ventana Palms…
Macerich has sold Paradise Valley Mall, a 1.2 million-square-foot shopping center in Phoenix, for $126,500,000 to a joint venture of RED Development and an affiliate, according to the commercial real…
KB Homes bought 277 lots in Casa Grande for $6,535,000, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southwest corner of…
Leading commercial real estate firm Lincoln Property Company (LPC) has announced the $68 million sale of a five-building industrial portfolio, representing 540,039 square feet of multi-tenant, fully leased infill space in key locations…
CBRE announced the $27 million sale of a 145,872-square-foot FedEx last-mile distribution center in Tempe, Ariz., to Realterm, a Maryland-based logistics real estate firm. The property is 100 percent occupied…
