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Saxa, Caliber Team Up for Spec Project in N. Scottsdale

Saxa, Caliber Team Up for Spec Project in N. Scottsdale

Scottsdale-based SAXA Inc. and Caliber Cos. entered a joint venture to develop Bahia 101, a 40,000-square-foot commercial office building in North Scottsdale. The project will rise on a 2.5-acre tract located south of Bell Road on Bahia Drive and is the first new Class A development in the area since…

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NexMetro Communities Announces New Hires, Future Plans

NexMetro Communities Announces New Hires, Future Plans

Hot on the heels of announcing the development of a new residential community in Chandler, NexMetro Communities has appointed Mary Tanner as the company’s Finance Manager and Jill Long as Corporate Administrator. The new hires will help with the company’s industrious expansion plan, which includes the development of four…

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HSL Acquires Arizona’s Tallest Residential Tower

HSL Acquires Arizona’s Tallest Residential Tower

HSL 44 Monroe got its hands on a controlling interest in Arizona’s tallest luxury residential tower through a $50.65 million purchase.…

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For 29th Street Capital, 4 Months=4 New Assets

For 29th Street Capital, 4 Months=4 New Assets

In a little over four months, 29th Street Capital (29SC), a real estate investment firm based in Irvine, CA, expanded its Phoenix portfolio by four multifamily assets. The firm recently closed on the 72-unit Williams Landing Apartments and the 108-unit Village Green Apartments, just a few months after grabbing two…

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Crescent Kicks Off Pre-Leasing for N. Scottsdale Property

Crescent Kicks Off Pre-Leasing for N. Scottsdale Property

Crescent Communities has started pre-leasing operations for the Crescent Scottsdale Quarter, a 275-unit, luxury apartment community in North Scottsdale. The residences are set to open doors this July.…

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Laurus Corp. Acquires Scottsdale’s Canyon Village

Laurus Corp. Acquires Scottsdale’s Canyon Village

Laurus Corp., an affiliate of real estate private equity firm Ethika Investments, L.L.C., recently acquired the Canyon Village office park in Scottsdale for an undisclosed amount. Canyon Village is a four-building, 93,890-square-foot office complex in the DC Ranch mixed-use neighborhood center. It features in addition to office components, various retailers…

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Resource Real Estate Acquires Gilbert Asset

Resource Real Estate Acquires Gilbert Asset

Resource Real Estate Opportunity REIT, Inc., a non-traded real estate investment trust focused on distressed properties, recently announced the acquisition of the Springs at Gilbert Meadows Apartments, a 459-unit apartment community in Gilbert, AZ. Financial terms of the deal have not been disclosed.…

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Irgens Plans Medical Office Building in Peoria

Irgens Plans Medical Office Building in Peoria

Commercial real estate solutions firm Irgens announced the development of a new, 60,000-square-foot medical office building in Peoria, AZ.…

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TODAY’S DEALS: MG Properties Sees Growth Potential in Phoenix

TODAY’S DEALS: MG Properties Sees Growth Potential in Phoenix

MG Properties Group nabs 270 luxury units; an L.A. student housing assets trades hands for $8.9 million; and NorthMarq Capital finalizes a $14 million Freddie Mac refinance for a client.…

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Ironline to Remake Warehouse as Office Space

Ironline to Remake Warehouse as Office Space

A new adaptive-reuse project is coming to Downtown Phoenix courtesy of Ironline Partners. Hot on the heels of acquiring a warehouse/showroom located at 841 E. Jefferson St. for $3 million, the company announced plans to repurpose the asset into an office building.…

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Contest Offers Free Office Space for Startups

Contest Offers Free Office Space for Startups

StartupWeek, a five-day event that celebrates entrepreneurship and innovation, will be held in Phoenix this February between the 23rd and 27th. And, as part of this event, Ironline Partners, owner of the recently redesigned 111 W. Monroe office tower, is offering a startup company the possibility of winning six months…

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Tempe Office Complex Commands $41M

Tempe Office Complex Commands $41M

CBRE announced that they brokered the recent sale of Papago Arroyo, a three-building office complex in Tempe, AZ. Totaling 279,503 square feet, the three office buildings are located at 1255,1275 and 1295 West Washington Street, just minutes away from Sky Harbor International Airport and within walking distance of the Valley…

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