Monolith Group sells Storage Facility in Mesa, AZ for $8,643,000
Tony Ardizzone of Monolith Group recently sold Storage Zone located at 9363 E Southern Avenue, Mesa, AZ, a storage facility to Extra Space Storage REIT for $8,643,000.00. The project was 90% occupied at time of sale (12/28/2012). It was 103,000 SF on 5 acres. The Monolith Group is looking to acquire infill land opportunities in […]
Commercial Real Estate & Business News – January 7, 2013
I hope you had a Merry Christmas and Happy New Year! 2013 is here and I am looking forward to working with you this year! Now, here are the news articles you might find interesting today for commercial real estate and business: To view the 4Q12 Net Lease Market Report by the Boulder Group, click […]
Commercial Real Estate & Business News – December 19, 2012
I hope you have a Merry Christmas and Happy New Year! Today is the last Daily News for 2012! I hope you have enjoyed receiving the Daily News and look forward to sending it again in 2013! Now, here are the news articles you might find interesting today for commercial real estate and business: Mountain […]
Commercial Real Estate & Business News – December 17, 2012
Here are the news articles you might find interesting today for commercial real estate and business: Southwest Jet Corporate Center in Scottsdale sells for $9.6M or $97 per square foot The Southwest Jet Corporate Center buildings, located at 14988 & 15010 N 78th Way, were sold by Jim H Houtz and John T Castrogiovanni of […]
Commercial Real Estate & Business News – December 14, 2012
Boxer Acquires 584-Room Hilton Tapatio Boxer Property moved into the field of hospitality investment buy acquiring the 584-room Pointe Hilton Tapatio Cliffs Resort in Phoenix from servicer C-III Asset Management LLC. The local investor plans capital investment to bring the property back to profitability. View article… Canadian Investors Ante Up $17.5M For Tempe Apartments An […]
Office Property Asking Rent – Lease Trends
Commercial Real Estate Phoenix, AZ Market Trends Lease rates for office properties have risen 0.4% versus last quarter to $17.10 per square foot. For the year, asking lease rates have still declined 0.1%. Lease rates for office properties hit a three-year peak in March 2008 at $22.08 per square foot. In comparison, the median asking […]