Daily News for Commercial Real Estate & Business – March 18, 2011
ASU HOUSING COMPLEX SOLD TO PIERCE EDUCATION PROPERTIES VENTURE FOR $52 MILLION A venture formed by Pierce Education Properties in San Diego, Calif. (Fredick Pierce, pres.) and Partners Group in Zug, Switzerland (Steffen Meister, CEO) paid $52 million ($212,245 per unit) to acquire the 245-unit Block 1949 student housing community located adjacent to Arizona State […]
Daily News for Commercial Real Estate & Business – March 17, 2011
HAPPY ST. PATTY’s DAY! To view the March 2011 Commercial Property Executive magazine, click here. To view this weeks The Watchlist by Costar, click here. MDC Property Service buys Mesa plaza MDC Property Service Ltd. in Calgary, Alberta, purchased Ridgeview Plaza in Mesa for $14.6 million. The 130,600-square-foot center at 2822 – 2910 N. Power […]
Daily News for Commercial Real Estate & Business – March 16, 2011
Mormons moving forward with Phoenix Temple While construction on the Phoenix Temple is expected to start soon, project opponents are vowing to continue to fight the project. The Church of Jesus Christ of Latter-day Saints is moving ahead with its planned temple, a 30-foot-tall, single-story building with basement, totaling 58,000 square feet, at 5220 W. […]
Daily News for Commercial Real Estate & Business – March 15, 2011
Mach 1 Global opens distribution center Mach 1 Global Services has leased 262,000 square feet in Goodyear for a new distribution facility. Mach 1, a logistics and international transportation company, is headquartered in Tempe. With this new lease, the company is the first tenant in Goodyear Point, a 418,200-square-foot multi-tenant industrial complex built by Lauth […]
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 […]