Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of 51st & Southern, a 15,498-square-foot multi-tenant retail property in the Phoenix metro area. The purchase price was $2,325,000
CBRE Executive Vice President Philip D. Voorhees and Vice President Brad Rable announced today that the National Retail Investment Group – West (NRIG-West), in union with Executive Vice President Barry Gabel and Senior Associate Chris Marchildon, completed the sale of a +39,979-square-foot two-property portfolio, 420 and 501 S. Mill Avenue in downtown Tempe, Arizona. The properties commanded a combined sale price of $13.8 million
Metro Commercial Properties and Principal Real Estate Investors Announce Mesa Light Industrial Development
On Thursday, July 9, 2015, Metro East Valley Holdings, LLC, a joint venture between Tempe based Metro Commercial Properties, Inc., and a private REIT managed by Principal Real Estate Investors, Des Moines, IA, completed the purchase of 21.5 acres of land fronting the US 60 Superstition Freeway in Mesa, Arizona, for a planned four building light industrial developmen
The Arizona Attorney General’s Office recently reached a plea agreement with Zavier Kay Hafiz, after an FBI-led investigation revealed his company fraudulently misled nearly forty victims to whom he sold real estate throughout Arizona. Mr. Hafiz, while doing business as ZK Group, plead guilty on May 7, 2015 to Fraudulent Schemes and Artifices and was sentenced to six years in prison, followed by another seven years of probation. In addition, he was ordered to pay $3,554,838.40 in restitution.
Lincoln Plaza Shopping Center, located on the SWC of Scottsdale Rd. and Lincoln Dr. in Scottsdale, was sold to an investment group for $25 million or $330 per SF. AJ’s Fine Foods supermarket anchors this premier retail center that is poised for future redevelopment
Scottsdale, AZ - October 31, 2013 - (RealEstateRama) -- Scottsdale, Arizona Coldwell Banker Luxury Real Estate has no problem offering 30% below asking price for people considering buying real estate here in Arizona. This is your hard earned money at stake. When making the biggest investment of your life, you need aggressive representation. Every single day Realtors offer 3% to 7% below asking price. This is, simply states, not representing your best interests. If we see properties listed at 4 million dollars, rest assured we will make an initial offer at 2.8 million
Scottsdale, AZ - October 29, 2013 - (RealEstateRama) -- I have no problem offering 35% below asking price for my buyers in Scottsdale, Arizona. If you want the best price possible for your new Luxury Home here in Arizona, being aggressive is absolutely imperative when writing up an offer to purchase. This is your hard earned money at stake. When making one of the biggest investments of your life, I urge my readers to take a long hard look at your Realtor. Please feel free to visit the website associated with this article. You will find that representing your best interests is our priority
PHOENIX, AZ - July 23, 2013 - (RealEstateRama) -- Over the past three years, the Phoenix industrial market has confi dently climbed its way back to recovery and historical norms in spite of hitting a bump or two. The march has been impressive as the economy began to add jobs favoring industrial users. As larger product became scarce, build-to-suit and then speculative projects took shape. Quarter after quarter, the industrial sector posted gains in most measurements. This quarter, however, leasing activity has hit its lowest level since Q1 2009 and rental rates have remained fl at for over a year
PHOENIX, AZ - July 11, 2013 - (RealEstateRama) -- Two separate shopping center transactions have sold for a combined $27.4 million. Anthem Marketplace, a 113,293 SF Safeway Food and Drug anchored neighborhood shopping center located in the prestigious master planned community of Anthem in north Phoenix was sold for $23.3 million. Price per square foot was calculated at $205.66.
Phoenix, AZ - February 29, 2012 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix is pleased to announce the sale of 2680-2730 S. Val Vista, Buildings 5 & 15 in the medical and professional office condominium project of Spectrum Falls for $1,050,000. The Class-A office buildings totaling 7,280 square feet were built in 2006 and were part of a multi-tenant NNN investment. All but 600 square feet were occupied at the time of the sale. The bank owned buildings were purchased by Scottsdale Investment Management of Scottsdale, Arizona.
Phoenix, AX - July 29, 2011 - (RealEstateRama) -- Although office net absorption in Phoenix remains negative year to date, the local economic recovery gained traction in the second quarter. Businesses added 14,900 positions locally, a 0.9% staffing boost, in the past six months, compared to a nationwide increase of 757,000 jobs, or 0.6%. Improvements have been greatest in the Valley’s healthcare and leisure and hospitality sectors, with white-collar industries dampening overall growth through the first quarter of 2011. Nevertheless, Phoenix white-collar employers rebounded in the most recent quarter. Local office-using employment sectors augmented payrolls by an estimated 2,800 workers, a 0.7% quarterly gain, mirroring the healthy white-collar improvements that have been recorded nationally. Recent hiring announcements from companies including Safelite, Humana, Yelp and Easy Energy Systems Inc. support projections for a sturdy, albeit late, white-collar recovery through year end, helping to stabilize space demand. U.S. emp loyment will increase by a projected 1.65 million jobs in 2011, including to 39,000 positions in Phoenix, a 2.3% marketwide gain. Local white-collar sectors are anticipated to hire 5,600 workers, growth of 1.3%.
NEWPORT BEACH, CA - July 12, 2011 - (RealEstateRama) -- Mark Lucescu, President of Lucescu Realty, a market leading investment real estate services firm, announced today that the firm has recently opened a new regional office in Phoenix, AZ to better serve its clients. Lucescu Realty’s new Phoenix office is located at 2415 East Camelback Road, Phoenix, AZ.
Phoenix, AZ - May 19, 2011 - (RealEstateRama) -- The admonition, “Go west, young man!” was taken to heart by William Shirley Fulton from his Waterbury, Connecticut home and lucrative manufacturing business. 1600 acres sprawling amidst the desolate beauty of Texas Canyon in Cochise County, Arizona was Fulton’s find, becoming home and investment. The Amerind Foundation became the passion of Fulton’s life as he established it in 1937. Fulton’s life and accomplishments are more than his personal and family legacy; they function as a primer on how to survive and thrive in today’s economic domestic climate. The Amerind Foundation in its structure, organization, scope of work and active research and programs well illustrates the vitality of contemporary non-profit practice in America.
Scottsdale, AZ - May 2, 2011 - (RealEstateRama) -- You can view all short sales, bank owned homes, short sales, and REO properties for sale for free by going to http://www.nicholasmcconnell.com then click property search. There, you can search by price range, zip code, school district, square footage, number of bedroom, number of bathrooms, and much more for free.
Phoenix, AZ - April 19, 2011 - (RealEstateRama) -- After the worst downturn in decades, a U.S. real estate recovery could happen more quickly than most economists predict, RE/MAX Chairman and Co-Founder Dave Liniger told over 300 attendees in a video at the recent 2011 RE/MAX Excalibur Sales Rally held in Phoenix, Ariz. His message was simple, real estate investors will play a key role in this recovery.
Scottsdale, AZ - March 15, 2011 - (RealEstateRama) -- You can view all foreclosures, short sales, and homes for sale in Scottsdale, Arizona for free by going to http://www.nicholasmcconnell.com then click property search.
PHOENIX, AZ - March 8, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $5.4 million sale of Garden Lakes Centre, an 88,075-square-foot retail center situated on 8.85 acres. Built in 1988, the center is located at 10720 West Indian School Road in Phoenix near the major cross street of 107th Ave. The center is 83 percent occupied and includes two anchor tenants, Savers and Dollar General.
Chandler, AZ - October 29, 2010 - (RealEstateRama) -- This company (Wehavehomeleads.com) is what real estate investors have dream of when they are overworked and underpaid. Don’t have enough time to do all the things you need and want to? Know you could make more money (the type of money you deserve) if you just had a few more quality leads?
Scottsdale, AZ - October 4, 2010 - (RealEstateRama) -- Nicholas McConnell http://www.nicholasmcconnell.com with Coldwell Banker is the first experienced Realtor you want to speak with when thinking about buying or selling property in Silverleaf. If you want the best possible price regardless if you are buying or selling property, I am the first Realtor you want to speak with. Nicholas McConnell is a Short Sale / Foreclosure specialist in Scottsdale.
Phoenix, AZ - September 28, 2010 - (RealEstateRama) -- Full moon power lightens the Arizona desert sky, at least cooling down from the intense summer. Yet, with an ever-increasing abundance of investment in Arizona’s sky islands, Canadians flock for visits and investment themselves as home owners to the Valley of the Sun which heralds, for them, significant economic value, so much so that North America’s northernmost travelers are now the largest percentage of new home owners in Arizona. In April, 2010, about ¼ of home buyers to metropolitan Phoenix were not from Arizona. According to Catherine Reagor from The Arizona Republic, “Now, the dominant group of out-of-state buyers is from outside the country.” Phoenix-based Information Market stated Canadian investments in Arizona homes have grown 80%, per comments made during a recent Marketplace interview on American Public Radio.
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