Daily News for Commercial Real Estate & Business – October 12, 2010
Phoenix Desert Sky Mall planning Mercado The shuttered Mervyns store at Desert Sky Mall in west Phoenix offers a chance for Westcor to expand its efforts to connect with Latino businesses and consumers. The developer and mall operator has been orienting the 900,000-square-foot regional center toward Hispanics for about five years, with moderate success, and […]
Daily News for Commercial Real Estate & Business – October 11, 2010
Chandler, Tucson RV dealership shuts down A recreational vehicle dealership with locations in Chandler and Tucson has closed its doors. The Arizona Daily Star reports Beaudry RV Co. has suspended operations as bankruptcy creditors say the company’s recent sale has forced its real estate loans into default. View article… Phoenix apartments near Desert Ridge Marketplace […]
Daily News for Commercial Real Estate & Business – October 8, 2010
To view the October 2010 Chain Store Age magazine, click here. SENIOR RESOURCE GROUP ACQUIRES LAS SIENA HOUSING DEVELOPMENT FOR $25.9 MILLION Phoenix – SP II La Siena LLC, a company formed by Senior Resource Group in Solana Beach, Calif. (Michael Grust, pres.), paid just under $25.927 million ($136,456 per unit) to acquire the 190-unit […]
Daily News for Commercial Real Estate & Business – October 7, 2010
To view this weeks “The Watchlist” by Costar, click here. Scottsdale Office Trades for $2.8M MacLeod Investments 1, LLC purchased Building B of Raintree Crossing, a 37,462-square-foot office condo building in Scottsdale, AZ, for $2.825 million, or approximately $75 per square foot. The property was 21% occupied at the time of the REO sale and […]
Daily News for Commercial Real Estate & Business – October 6, 2010
Shade Apartments at Desert Ridge sell for $43M The Shade Apartments at Desert Ridge have been sold for $43 million. The 342-unit complex is located at 21150 N. Tatum Blvd. in Phoenix. View article… Fresh & Easy closing 6 Valley stores U.K.-based Tesco is planning the temporary closure of 13 Fresh & Easy stores in […]
Daily News for Commercial Real Estate & Business – October 5, 2010
To view the October 2010 Commercial Property Executive magazine, click here. Sun Crest Apartments Sells for $3.15M The 94-unit property at 111 N. Mesa Drive in Mesa, AZ. sold for $3.15 million or approximately $35,511 per unit. The unit mix contained 41 2-bed/2 bath, 37 2-bed/1-bath, 15 1-bed/1 -bath, and one 3-bed/2-bath. The transaction was […]