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Bela Flor Unveils 121-Unit Condo Development in Mesa

Bela Flor Unveils 121-Unit Condo Development in Mesa

Real estate development firm, Bela Flor Communities announced the opening of Villa Rialto, a 121-unit affordable luxury condominium development in Mesa.…

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MIG Real Estate Pays $42M for M-F Community in Tempe

MIG Real Estate Pays $42M for M-F Community in Tempe

Newport Beach, California-based MIG Real Estate has acquired Quadrangles Village, a 510-unit multi-family community in the heart of Tempe. The purchase price was $41.875 million or $82,108 per unit…

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Buchanan Street Picks Up Office, M-F Properties for $43M

Buchanan Street Picks Up Office, M-F Properties for $43M

Newport Beach, Calif.-based Buchanan Street Partners teamed with Baron Properties of Denver, Colo., to purchase Vue Park West, a 260-unit luxury apartment community in Peoria. The partnership paid $30 million for the complex, or $115,300 per unit.…

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W. P. Carey Pays $43M for Chandler Office Building; Meritex Makes Local Debut With Industrial Acquisition

W. P. Carey Pays $43M for Chandler Office Building; Meritex Makes Local Debut With Industrial Acquisition

In a $43 million deal, W. P. Carey Inc. has acquired a three-story, 183,000 square-foot office building in the heart of Chandler’s Price Road Corridor, one of the most desirable areas of the Phoenix metro.…

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Mentor Properties Buys Peoria M-F Asset for $10.8M; Exeter Property Group Grabs Distribution Center in $13M Deal

Mentor Properties Buys Peoria M-F Asset for $10.8M; Exeter Property Group Grabs Distribution Center in $13M Deal

By Amalia Otet, Associate Editor In a $10.8 million deal, Mentor Properties Inc. has acquired Monterey Pines, a 216-unit apartment community in the Peoria suburb of Phoenix. The price translates to $50,000 per unit. Murano Properties, the seller, was represented by Cliff David, a vice president with Marcus & Millichap…

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Cohen Acquires 395 KSF Industrial Building; Liberty’s Aetna Building Awarded LEED Silver

Cohen Acquires 395 KSF Industrial Building; Liberty’s Aetna Building Awarded LEED Silver

Jersey Industrial Capital LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management, Inc., has acquired 43rd Avenue Logistics Center, a newly-developed 394,775-square-foot industrial building in Phoenix.…

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Liberty Signs Power-One for 105 KSF, Brings Sky Harbor Center to Full Occupancy

Liberty Signs Power-One for 105 KSF, Brings Sky Harbor Center to Full Occupancy

Power-One Renewable Energy Solutions has signed a long term lease with Liberty Property Trust to occupy 105,000 square feet of space at Liberty Sky Harbor Center in Phoenix. The agreement brings the complex, which opened last year after a complete makeover and re-branding, to 100 percent occupancy.…

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Alberta Plans 187 M-F Units, Retail in Downtown Tempe

Alberta Plans 187 M-F Units, Retail in Downtown Tempe

Greenwood Village, Colorado - based Alberta Development Partners has acquired a 1.86-acre land parcel on the northwest corner of University Drive and Ash Avenue within the Mill Avenue District of Downtown Tempe, where it plans to develop a mixed-use project.…

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Epoch To Make Phoenix Debut With $50M M-F Project; Jerry Simms Pays $45M for Scottsdale Retail Center

Epoch To Make Phoenix Debut With $50M M-F Project; Jerry Simms Pays $45M for Scottsdale Retail Center

Winter Park, Florida-based Epoch Properties Inc. plans to break ground on a $50 million multi-family project that would bring up to 292 new apartments to downtown Phoenix.…

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KBP Realty Pays $8M for Deer Valley Flex Complex; Mark-Taylor Plans Upscale M-F Project in Scottsdale

KBP Realty Pays $8M for Deer Valley Flex Complex; Mark-Taylor Plans Upscale M-F Project in Scottsdale

In an $8.04 million deal, KBP Realty Advisors acquired Turner Spectrum Ridge, a 68,195-square-foot industrial flex property in Phoenix from Newport Beach, California-based Turner Real Estate Investments. The price translates to about $117.98 per square foot.…

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CSM to Reinvent Phoenix Office Building as Select-Service Hotel; W.P. Carey Pays $23M for Avnet HQ In Tempe

CSM to Reinvent Phoenix Office Building as Select-Service Hotel; W.P. Carey Pays $23M for Avnet HQ In Tempe

CSM Lodging, a division of CSM Corporation, plans to revamp the historic Professional Building – the former Valley Bank & Trust building – in downtown Phoenix, and turn it into a premium select-service hotel.…

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Younan Buys Class A Office Building for $7M; Hansji Urban to Start $80M Marriott Project

Younan Buys Class A Office Building for $7M; Hansji Urban to Start $80M Marriott Project

In a $7,1 million deal, Woodland Hills, California-based Younan Properties Inc. has acquired Black Canyon Corporate Center, a 94,203-square-foot office property in Phoenix, from REO Asset Manager, John Mitchell, of LNR Partners, as special servicer.…

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