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Off road Truck Design Firm Leases 62,710 SF in Two Mesa Warehouses

A Mesa-based off road truck and SUV design and parts manufacturing company has signed for a 3-plus year lease at 308 S. Extension Rd. in Mesa. The property is comprised of a 44,004 SF and a 22,706 SF building

Lee & Associates Negotiates Sale of Papago Arroyo for $40.85 Million

Lee & Associates Arizona is proud to announce the three-offi ce building leasehold sale of Papago Arroyo, 1255, 1275 and 1295 E. Washington St., Phoenix for $40,850,000. Combined, the buildings total 279,503 SF which calculates to $146.15 per SF. The cap rate was reported to be 7% based on fi rst year NOI performance.

Lee Brokers 5+ Year, 15,875 SF Lease at The Pinnacle in Perimeter Center

A Scottsdale air ambulance provider signed a multi-million dollar, 5-plus year offi ce lease for 15,875 SF at The Pinnacle in Perimeter Center, 17851 N. 85th St. in Scottsdale. The transaction was signed on February 10

MG Properties Group Acquires Trillium Papago Apartments in Phoenix, Arizona for $36M

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of the Trillium Papago Apartments in Phoenix, Arizona.

Attorney General Files Lawsuit Against Foreclosure Consulting Company

Arizona Attorney General Mark Brnovich announced the filing of a consumer fraud lawsuit against Advantage Foreclosure LLC (Advantage) and its owners Matthew and Lynette Van Remoortel. Advantage is an Arizona based company that advertised on the internet site located at and purports to provide foreclosure consulting services nationwide.

Franks Introduces CIPA to prevent dangerous widespread power failures

In light of constant threats to the electric grid that have directly threatened the survivability and functionality of critical United States infrastructure Congressman Franks introduced the Critical Infrastructure Protection Act today.

Berkadia’s Investment Sales Top Producer for 2014 – Alex Mogharebi

Berkadia Real Estate Advisors is pleased to announce that Partner and Director of Affordable Housing Alex Mogharebi was the company's top-grossing investment sales advisor in 2014. Mogharebi, based in the company's Ontario, California office brokered the sale of more than 1,800 apartment units across the state of California last year.

Lee & Associates Facilitates Sale of Tucson Shopping Center for $46M

Lee & Associates is pleased to announce the sale of the Casas Adobes Plaza, an upscale retail shopping center in Tucson for $46 Million.

Hunt Mortgage Group Refinances Two Multifamily Properties

Hunt Mortgage Group, a commercial real estate lender, announced today it provided two Fannie Mae loan facilities to refinance two multifamily properties located in Arizona

Consumer Alert: Attorney General Horne Warns Consumers About Super Bowl Rental Scams

Attorney General Tom Horne and Real Estate Commissioner Judy Lowe are today warning consumers to be cautious of businesses who say they can help you earn money by renting your home during the 2015 Super Bowl game

Chandler Airport Development Gets City OK for General Industrial Park

Last Thursday, October 23, the Chandler City Council approved the Planned Area Development (PAD) zoning request and site plan approval for Chandler Airport Center, a general industrial park at the SWC of Germann and Cooper Roads in Chandler.

Kirkpatrick announces $2.9 million TIGER grant for Hopi Tribe

U.S. Rep. Ann Kirkpatrick, D-Ariz., is pleased to announce that the Hopi Tribe will receive a $2.9 million grant to fund a transportation and infrastructure project for tribal roadways

Lee & Associates Brokers 10-Year +, 109,060 SF Lease at Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction.

Local Company Signs 3-Year, 42,000 SF Lease for Chandler Warehouse Space

An Arizona-based company signed a 36-month lease for 42,000 SF at the Gold Canyon Candles Building at 6205 S. Arizona Ave. in Chandler.

Scottsdale’s Upscale Lincoln Plaza Shopping Center Sells for $25 Million

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

Attorney General Horne Files Lawsuit In Joint Federal-State Mortgage Rescue Fraud Sweep

Attorney General Tom Horne today filed a lawsuit against Brent Randall Phillips, an Arizona-licensed attorney, and Phillips Law Center, P.L.C. d/b/a Randall Law Group, a California-based law firm, for allegedly participating in a deceptive mortgage rescue or loan modification scheme

Attorney General Tom Horne Awards “Housing Opportunity for Service Disabled Veterans” Program Contracts From...

Attorney General Tom Horne today announced the award of over $2.5 million to fund loans to veterans with service-connected disabilities for accessibility and related improvements to their homes. The “Housing Opportunity for Service Disabled Veterans” program is funded by the national mortgage settlement reached with the nation’s five largest mortgage loan servicers (Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo).

Support Grows to Defund HUD Racial Housing Quotas

Today, U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) released the following statement after Senator Mike Lee (R-Utah) announced his plans to introduce a companion amendment that would prohibit the Department of Housing and Urban Development (HUD) from implementing its proposed Affirmatively Furthering Fair Housing Rule.

2nd Kirkpatrick bill signed into law this session

On Saturday, the president signed into a law a bill introduced by U.S. Rep. Ann Kirkpatrick, D-Ariz., to correct a decades-old land-survey error that placed private properties inside the boundaries of U.S. Forest Service property. This is Kirkpatrick’s second piece of legislation to become law in the 113th Congress. At the end of 2013, her VA backlog legislation became law as an amendment to the Defense reauthorization bill.

Senate passes Kirkpatrick-Gosar bill to help Coconino County property owners

U.S. Rep. Ann Kirkpatrick, D-Ariz., released the following statement in response to last night’s U.S. Senate passage by unanimous consent of her bill, H.R. 862, the Coconino National Forest Land Conveyance Act


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