Archives

Phoenix, AZ - April 4, 2012 - (RealEstateRama) -- Sperry Van Ness, LLC facilitated the sale of Bear Canyon Apartments, located at 9055 E. Catalina Hwy in Tucson, Arizona. The Class A luxury apartments sold at 5.87% Cap Rate on in place numbers, highest cost per unit in recent years on March 21, 2012. The 238-unit property consists of 19 buildings built in 1996 and situated on approximately 13.5 acres with Santa Catalina Mountain Views. The Seller was Arbor Realty Trust, Inc., and the Buyer was HSL Properties, Inc.

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, AZ - February 10, 2012 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix announced the sale of 8210 W. Indian School Rod for $900,000 or approximately $36.65 per square foot. The property has been occupied in the past by several different grocery stores. The new owner Indian School & 82, LLC will occupy the property as Del Sol Furniture and buyers plan to be open for business by the end of February. The seller was 83 & Indian School, LLC. The transaction was negotiated by Shari Tucker-Gasser & Judy Cahalan Jones of Sperry Van Ness-SVN Partners on behalf of the buyer and seller.

Phoenix, AZ - February 7, 2012 - (RealEstateRama) -- Sperry Van Ness - SVN Partners announced that My Big Fat Greek Restaurant has leased out a 3,810 square foot space at Foothills Desert Shopping Center, located at 1334 E. Chandler Boulevard in Phoenix, Arizona. The shopping center is anchored by Safeway and is situated at the northeast corner of Chandler Boulevard and Desert Foothills Parkway The space was formerly occupied by Le Ragasse Restaurant. My Big Fat Greek Restaurant is expected to begin serving customers in the spring.

Phoenix, AZ - January 11, 2012 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix announced the sale of 2730 S. Val Vista Bld 8N (3,039 SF) & 2680 S. Val Vista Rd. Bld 11(3,039 SF) in the medical and professional office condominium project of Spectrum Falls for $410,265 and $334,290 respectively. The Class-A office buildings were built in 2006 and will both be owner-user occupied. Building 8N included a high-end build out and office furnishings. The buyer of Building 11 has expanded into the purchased space and owns space in another building nearby.

Phoenix, AZ - December 8, 2011 - (RealEstateRama) -- Description: The City of Peoria, Arizona along with Sperry Van Ness is soliciting detailed proposals for the re-development of the Peoria Town Center. Proposals are being sought from fully-assembled development teams that have both the development experience and financial ability to execute immediately.

Phoenix, AZ - December 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners announced the sale of the 8,160-square foot Summit at Chandler Heights retail strip center located at 955 W. Chandler Heights Road in Chandler, Arizona for $525,000, or approximately $14.19 per square foot. The building was 59% occupied with CPA Express, and Spartan Training, and Victoria Nails.

Phoenix, AZ - December 6, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix announced the sale of the 97- unit Country Park Villas Apartments, located at 1248 South Vineyard in Mesa, Arizona for $2.25 million, or approximately $23,000 per unit.

Phoenix, AZ - December 6, 2011 - (RealEstateRama) -- Sperry Van Ness - SVN Partners in Greater Phoenix announced the sale of the 223-unit Sunset Landing Apartments, located at 8450 North 67th Avenue in Glendale, Arizona for $7.8 million, or approximately $34,978 per unit

Scottsdale, AZ - October 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix negotiated the $675,000 REO sale of the former L & G Center located at 9188 E. San Salvador in Scottsdale, Arizona. Neil Sherman, Nicole Ridberg, and Justin Horwitz of Sperry Van Ness’ Phoenix office represented the seller, Centennial Bank. The property was acquired by Mark Siegel, D.O. and Sathish Chari, D.D.S, who was represented by Thomas Weinhold of the NAI Horizon office in Phoenix, Arizona.