Archives

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a $35 million loan facility to finance the acquisition of a multifamily property located in Mesa, Arizona.

Paragon Vision Sciences, currently in Mesa, is the new tenant and will occupy half the structure which was built in 1995. Move-in is expected sometime in Q3 2015. With this transaction, the building is 100% leased.

American Realty Advisors, an institutional real estate investment manager with approximately $6.7 billion in assets under management, on behalf of one of its clients, has sold an office building and data center totaling 513,361 square feet in Phoenix, AZ for $91.5 million.

Lee & Associates Arizona is proud to announce the signing of a 12-year, 111,349 SF lease with The Home Depot USA, Inc. of Atlanta, GA. The back offi ce building known as Tempe One is located at 1717 W. 16th St. in Tempe. Move-in for the online call center is scheduled for Q4 of this year.

Ascaya has released renderings for its luxury clubhouse. The Ascaya Clubhouse design was completed by Swaback Partners, a respected architectural firm out of Scottsdale, AZ. ASCAYA is a community of 313 custom luxury home sites nestled in Henderson’s McCollough mountain range.

Dominion Real Estate Partners honored Carefree/Cave Creek Licensed Office Owner/Manager, Stephanie McNeely, with its highest award, “Highest Office Volume & Number of Transactions Sold, 2014” at the annual awards presentation at Tanzy Restaurant in Scottsdale. This award was presented for the office’s outstanding performance in real estate sales in the Carefree/Cave Creek and North Scottsdale area. This is the Sixth year Ms McNeely has won the award. The office out-performed all other (seven) Dominion Real Estate Partners offices throughout Arizona

Attorney General Mark Brnovich announced a settlement today in a fraud lawsuit against My Sister's Appliance LLC (MSA), Payless Appliance (Payless) and managers Pedram and Pooneh Azizi. The defendants sell used household appliances in Phoenix and Mesa, Arizona. On April 14, 2015, the court approved a stipulated consent judgment that restricts the companies and managers from violating the Arizona Consumer Fraud Act (ACFA)

The Scottsdale Area Association of REALTORS® (SAAR) identified Kevin Owens as one of their 2015 “40 under 40” award recipients. The “40 under 40” awards program was designed to recognize outstanding REALTORS® under 40 years of age who demonstrate business success, professional leadership, community involvement and industry involvement

Congresswoman Kyrsten Sinema today voted in favor of H.R. 1105, legislation to repeal the estate tax and provide certainty for Arizona families and small businesses.

As the overall economy continues improving, the Phoenix offi ce sector is experiencing strong momentum in a variety of diff erent measurements. Offi ce construction, sales velocity and rents are all on the rise;however leasing activity remains muted

The Phoenix industrial market continued to improve in the fi rst quarter of the year, posting its lowest percentage vacancy (11.8%) since Q1 2008. In that 7-year time period, the Valley’s industrial inventory gained over 32 million SF of warehouse/distribution, manufacturing and fl ex space. The most recent seven quarters have yielded the most productive net absorption gains during this period as well. This all coincides with a strong return to market fundamentals and an improving U.S. economy

A 94,885 SF South Phoenix distribution building at 2021 E. Jones Ave. in Phoenix, sold for $5,125,000 or $54.01 per SF. The seller also negotiated a sale/leaseback term to occupy the facility for 16 months

TRI-Com of Tempe, Arizona, was recently awarded a nearly $15 million contract to the Tempe-based TRI-Com Corp. to build the 4,500-square-foot splash pad at Heritage River Park, which is near the Gladden Farms neighborhood. The contract is one of the largest for the town of Marana in the 2015 1Q. The project in Marana, when it opens, will be one of the largest splash pads in the state.

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

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.

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

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

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

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.