Daily News for Commercial Real Estate & Business – March 30, 2011
Great Hearts charter school buys former Motorola site Motorola Inc.’s former regional headquarters in the Arcadia neighborhood soon will become a charter school. The nonprofit Great Hearts Academy paid nearly $6 million for the 142,000-square-foot building and surrounding land at 3102 N. 56th St. View article… Talking Stick looks beyond Salt River Fields Members of […]
Daily News for Commercial Real Estate & Business – March 29, 2011
Talavi Tech Center Sold for $17/SF West Coast Capital Partners, located in Torrance, CA, purchased Talavi Tech Center in Glendale, AZ for $3 million, or approximately $17 per square foot. The property was 100% vacant at the time of sale, after most recently being occupied by Honeywell. West Coast Capital reportedly plans to convert the […]
Daily News for Commercial Real Estate & Business – March 28, 2011
U of Phoenix sells corporate headquarters for $170 mil A real-estate investment trust has bought the buildings in University of Phoenix’s corporate headquarters for $170 million and will lease back the property to the education company as part of a deal announced Thursday. The university’s parent company, Apollo Group Inc., signed a 20-year lease with […]
Daily News for Commercial Real Estate & Business – March 25, 2011
To view the February/March 2011 Real Estate Forum magazine, click here. To view the Spring 2011 Knowledge Leader magazine, click here. $170M Sale/Leaseback Transaction Closed The Apollo Group, parent company to University of Phoenix, just completed a sale/leaseback on one of their newer facilities in the I-10/32nd Street area. This transaction came from a reliable […]
Daily News for Commercial Real Estate & Business – March 24, 2011
To view this weeks The Watchlist by Costar, click here. Paseo Medical Bldg Sells in Phoenix HTA-Phoenix Paseo LLC, an affiliate of Healthcare Trust of America, Inc., acquired the single-story investment building located at 6120 W. Bell Road in Glendale, AZ from The Plaza Companies for $3,762,219, or about $183 per square foot. The medical […]
Daily News for Commercial Real Estate & Business – March 23, 2011
54,800-SF Lease Signed in Phoenix Mega Furniture & Accessories LLC has signed a five-year deal for 54,800 square feet at 515 N. 51st Ave. in Phoenix. The 845,993-square-foot distribution facility is now fully leased. Mega Furniture will join the Arizona Department of Economic Security, Goodwill of Central Arizona, and Royal Paper Converting. The property was […]