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TODAY’S DEALS: Grandbridge Facilitates Non-Recourse Bridge Loan

TODAY’S DEALS: Grandbridge Facilitates Non-Recourse Bridge Loan

Grandbridge Real Estate Capital completes a fixed-rate non-recourse loan secured by Thunderbird Retirement Resort; and R3 Funding closes a fifth funding deal in Rochester in the past year.…

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ConAm Buys New Phoenix M-F Asset

ConAm Buys New Phoenix M-F Asset

By Liviu Oltean, Associate Editor ConAm Group of Cos. has increased its Greater Phoenix footprint with its $33 million acquisition of the Pointe at South Mountain, a 364-unit luxury apartment community. Located at 8809 S.Pointe Parkway East, the property represents ConAm Group’s tenth Phoenix multifamily acquisition. The Pointe at South…

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ARC Healthcare Buys Paradise Valley Medical Plaza for $28M

ARC Healthcare Buys Paradise Valley Medical Plaza for $28M

New York-based American Realty Capital Healthcare Trust recently acquired the Paradise Valley Medical Plaza in Phoenix for $28.3 million.…

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Douglas Allred Plans 3 Projects in Chandler; Regent Properties Pays $58.6M for Paradise Valley Office Asset

Douglas Allred Plans 3 Projects in Chandler; Regent Properties Pays $58.6M for Paradise Valley Office Asset

Douglas Allred Company, a San Diego-based real estate firm, is ready to move forward with three new projects in Park Place, a 150-acre, mixed-use development located in the Price Road Corridor in Chandler. The company plans to add a new, eight-story, 210-room Drury Inn & Suites hotel, a retail…

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Progressive Leasing Inks Lease for Regional Office in Glendale

Progressive Leasing Inks Lease for Regional Office in Glendale

Progressive Leasing, a Utah-based financial services vendor for retailers and merchants alike, will soon open its doors in Glendale. CBRE’s regional office in Phoenix just finished negotiating a 20,000-square-foot lease for the company at the Talavi Corporate Center on West Talavi Boulevard.…

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Hines, CBRE and Metro Commercial Properties Take Multiple BOMA Awards

Hines, CBRE and Metro Commercial Properties Take Multiple BOMA Awards

International real estate investment, development and management firm Hines did it again! Its ever expanding list of achievements and awards grew even more impressive as the company recently received four prestigious awards from the Building Owners and Managers Association (BOMA), during their 2014 TOBY (The Outstanding Building of the Year)…

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VIDEO: CRE Investors Set Sights on Secondary and Sunbelt Markets

VIDEO: CRE Investors Set Sights on Secondary and Sunbelt Markets

JLL’s Marisha Clinton says secondary markets such as Phoenix and Philly are gaining traction with investors seeking higher yields and now, they’re evening turning their eyes toward the tertiaries.…

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ASU Breaks Ground for $129M Law School Building

ASU Breaks Ground for $129M Law School Building

Arizona State University has been celebrating seeing as it recently broke ground for a new, $129 million law school building. The project encompasses 280,000 square feet of space, 18 classrooms, a large lecture hall for undergraduate education and two levels of underground parking. In addition, the law school will feature…

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Whitestone Buys 2 Fulton Ranch Retail Centers in $48M Deal

Whitestone Buys 2 Fulton Ranch Retail Centers in $48M Deal

Houston-based Whitestone REIT has recently expanded its footprint in Phoenix through the $47.9 million acquisition of the Fulton Ranch Towne Center and The Promenade at Fulton Ranch. The two assets are part of the Fulton Ranch, a 520-acre, master-planned community in Chandler.…

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Meritex, Metro Get Green Light for Chandler Industrial Complex

Meritex, Metro Get Green Light for Chandler Industrial Complex

The Chandler City Council recently greenlit a Planned Area Development (PAD) zoning request and approved the plan for the development of Chandler Airport Center, a three-building industrial park in Chandler. The industrial project will be developed by Meritex Chandler and Tempe-based Metro Commercial Properties. The latter will also…

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BKM Capital Acquires Black Canyon Business Park, Plans $5M Upgrade

BKM Capital Acquires Black Canyon Business Park, Plans $5M Upgrade

BKM Capital Partners, a California-based collaborative investment firm, has recently acquired a three-property office portfolio for $42.8 million. The portfolio comprises the Black Canyon Business Park in Phoenix; the Hayden Island Business Park in Portland; and the Patrick Commerce Center in Las Vegas.…

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Hines Plans Early 2015 Construction Start For Chandler Mixed-Use Project

Hines Plans Early 2015 Construction Start For Chandler Mixed-Use Project

Hines recently closed on a 25.5-acre site at the northwest corner of the Loop 101 and Loop 202 Interchange and in the vicinity of the Chandler Fashion Center. The company has been planning to develop there a project called Chandler Viridian for more than two years.…

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