Daily News for Commercial Real Estate & Business – March 14, 2011
NOTE ON PHOENIX RETAIL PLAZA PURCHASED FOR $8 MILLION . . . PROPERTY FORECLOSED Bethany Core LLC in Paradise Valley (James Shough, principal) paid $8 million to acquire a note secured by a 90,616-square-foot retail plaza at the southwest corner of 16th Street and Bethany Home Road in Phoenix. The seller was City National Bank. […]
Daily News for Commercial Real Estate & Business – March 11, 2011
Whispering Wind Corporate Center sold to Mack Co. affiliate Whispering Wind Corporate Center complex in Deer Valley sold for $5.7 million to a Phoenix affiliate of New Jersey’s Mack Co. That is one of three transactions reported by CB Richard Ellis, which represented the buyer. The two-story, 75,100-square-foot office is located at 2205 and 2225 […]
Daily News for Commercial Real Estate & Business – March 10, 2011
To view the March 2011 Affordable Housing Financing magazine, click here. To view the March 2011 Multifamily Executive magazine, click here. Pennington Place Acquired for $3.4M Community Bridges, Inc. purchased the 67,208-square-foot office building in Mesa, AZ from The Cardon Group for $3.4 million, or about $51 per square foot. The property was constructed in […]
Daily News for Commercial Real Estate & Business – March 9, 2011
Arizona Center in downtown Phoenix sells for $136.5 million The Arizona Center in downtown Phoenix was sold for $136.5 million to Commonwealth REIT (NYSE:CWH) in Newton, Mass. The deal closed March 4. The sale likely is the largest real estate transaction in the state since the start of the Great Recession in 2008. View article… […]
Daily News for Commercial Real Estate & Business – March 8, 2011
Retail centers sold in Mesa, Phoenix Two investment retail transactions have closed at opposite ends of the Phoenix metro, according to Cassidy Turley/BRE Commercial and Faris Lee Investments. The first one is Ridgeview Plaza at 2824-2910 Power Road in Mesa. View article… Realtors group to open new Peoria location Realtors in the West Valley will […]
Daily News for Commercial Real Estate & Business – March 7, 2011
Southern Gardens Industrial Building Sells for $47/SF Nick Miner, CCIM and Dave Verwer, CCIM represented Compressed Air in the acquisition of 2507 E Chambers Road in Phoenix, Arizona. The buyer, Compressed Air, plans to relocate to the facilities. The building is just under 13,000 Sq. Ft. and sits on a little over 1 acre. View […]