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Faris Lee Closes $22M Sale of Watson Marketplace in Buckeye

Faris Lee Closes $22M Sale of Watson Marketplace in Buckeye

Faris Lee Investments, an Irvine-based retail advisory and investment sales firm, recently announced that it helped close the $22 million sale of Watson Marketplace, a fully-leased 90,000-square-foot retail center in Buckeye, AZ. The transaction entailed 55,153 square feet of retail space leased to national credit and regional tenants such as…

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Lease Deal Paves Way for $350M USA Place Project in Tempe

Lease Deal Paves Way for $350M USA Place Project in Tempe

In August 2013, Commercial Property Executive reported on USA Place, a $350 million mixed-use project to be developed near Arizona State University in Tempe. After more than a year of planning, the project is moving forward as the developers managed to come to an agreement with ASU for…

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NexMetro to Develop Hybrid Single-Family Home Community in Goodyear

NexMetro to Develop Hybrid Single-Family Home Community in Goodyear

NexMetro, a Phoenix-headquartered developer, has increased its Valley presence through the acquisition of 9.7 acres of land at the northwest corner of Falcon Drive and Indian School Road in Goodyear. The acquisition closed on August 22, 2014.…

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Wood Partners, PREI Close on M-F Project Site; NewQuest Epic’s Big Buy Includes Phoenix Asset

Wood Partners, PREI Close on M-F Project Site; NewQuest Epic’s Big Buy Includes Phoenix Asset

An entity formed by Wood Partners and Prudential Real Estate Investors, PR III/Wood Chandler Apartments, recently completed the purchase of a property slated for a 301-unit apartment community redevelopment in downtown Chandler.…

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TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix

TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix

Colliers brokers the sale of a Class B asset in Phoenix; Berkshire Group acquires a Class A apartment community near Boston; and Berkadia secures $20.3 million for a property in Austin.…

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Realty Executives Phoenix Sells to Kinetic Cos.

Realty Executives Phoenix Sells to Kinetic Cos.

Realty Executives Phoenix recently announced that it has been acquired by Kinetic Companies, a Phoenix- based real estate investment firm. Operations will continue under the Realty Executives name so as to continue the company’s 49-years old tradition.…

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ASU Taps Gould Evans, HNTB for Sun Devil Stadium Makeover

ASU Taps Gould Evans, HNTB for Sun Devil Stadium Makeover

Arizona State University recently announced it selected Gould Evans and HNTB Corporation to lead the architectural and design renovations of its Sun Devil Stadium. This decision comes after a public request for qualifications.…

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P.B. Bell, Stonecutter Purchase $168.5M Phoenix M-F Portfolio

P.B. Bell, Stonecutter Purchase $168.5M Phoenix M-F Portfolio

The Cooke Multifamily Investments Team at Colliers International in Greater Phoenix announced that they completed the sale of a $168.5 million portfolio, comprising seven apartment properties. …

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TruAmerica Multifamily, Berkshire Group Pay $35M for Avenue 25 Apartments in Phoenix; Security Properties Buys Mesa M-F Asset

TruAmerica Multifamily, Berkshire Group Pay $35M for Avenue 25 Apartments in Phoenix; Security Properties Buys Mesa M-F Asset

TruAmerica Multifamily and an affiliate of Berkshire Group, The Guardian Life Insurance Co. of America, recently announced the $35.4 million acquisition of Avenue 25 Apartments in Phoenix. The off market transaction was supported by a $24.78 million pre-stabilization debt financing provided by Capital One Commercial Bank.…

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Consolidated Investment Group Buys Student Housing Property in Tempe for $38.7M

Consolidated Investment Group Buys Student Housing Property in Tempe for $38.7M

Denver-based Consolidated Investment Group (CIG) recently announced the $38.7 million acquisition and refurbishment plan of a 225-unit, 640-bedroom student housing property located near Arizona State University in Tempe. Renamed Regents on University, the property formerly known as Block 1949 will be reconditioned before the beginning of the new school year.…

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Buchanan Street Buys Stapley Corporate Center in Mesa for $33M

Buchanan Street Buys Stapley Corporate Center in Mesa for $33M

Buchanan Street Partners recently acquired the Stapley Corporate Center, a two-building, Class A office property. Located at 1840 and 1910 South Staple Drive in Mesa, the center was purchased for $32.5 million from The DESCO Group, Inc., the original developer of the center.…

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Glendale Office Complex Trades for $9M; Pacific Realty Advisors Plans Industrial Project in Mesa

Glendale Office Complex Trades for $9M; Pacific Realty Advisors Plans Industrial Project in Mesa

Cassidy Turley recently announced that Select Healthcare Solutions, LLC, Phoenix Cyberknife and Radiation Oncology Center, LLC have acquired Zanjero Falls for $9.1 million, a 147,405 square foot office property situated at 7410 N. Zanjero Boulevard in Glendale.…

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