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 […]
Daily News for Commercial Real Estate & Business – March 22, 2011
To view Discover the Discovery Triangle from the AZRE March/April 2011 magazine, click here. GSA leases new office space in Phoenix The U.S. General Service Administration will occupy 29,500 square feet of space at the 2800 Tower, which is located at 2800 N. Central Ave. in mid-town Phoenix. GSA signed the 10-year lease on behalf […]
Daily News for Commercial Real Estate & Business – March 21, 2011
Restaurant Roundup: Spoonz in the wings Word is that the new food concept by restaurateurs Denise and Garry Bismore will soon open inside the 101 North Building in a storefront facing Adams Street next to Downtown Phoenix Partnership. Called Spoonz Cafe, the bistro is expected to incorporate items from both the Silver Spoon cafe and […]