PILLAR PURCHASES SAN PORTELLA IN TEMPE FOR $45.1 MILLION . . . THAT’S $146,428 PER UNIT   A company formed by Pillar Communities LLC in Seattle, Wa. (Jim Almon, principal) paid $45.1 million ($146,428 per unit) to buy the 308-unit San Portella apartments at 2155 S. 55th Street in Tempe. The seller was Apartments at Fountainhead LLC, a venture formed by Mark-Taylor Residential in Scottsdale (Jeff Mark, Scott Taylor, principals), and Principal Life Insurance Co. in Des Moines, Iowa.   View article…

Phoenix starts building homeless housing  Not all homeless people can turn their lives around quickly, and some won’t ever become “amazing success stories,” according to Phoenix City Councilman Tom Simplot.  But that doesn’t mean they don’t deserve the security of a roof over their heads, he said.  The city last week broke ground on the Encanto Pointe: Phoenix Housing First project, a 54-unit apartment complex intended to serve the homeless in the Longview West and Devonshire neighborhoods. Simplot spearheaded planning for the development that will be built at 4175 N. Ninth St.  View article…

LWI Properties Purchases 17 Acres for Development  LWI Properties purchased the 17 acres located at SW Ray Road and San Tan Village Parkway in Gilbert, AZ from SanTan Development Group, Inc. for $5.34 million, or about $7 per square foot.  The buyer will develop SanTan Village Apartments, a 382-unit multifamily complex expected to break ground this quarter. The property closed after a lengthy escrow period due to permits, rezoning and off-sites.   View article…

Morton’s Steakhouse closes in Phoenix  A restaurant that’s been in business in Phoenix for more than 30 years is closing its doors.  According to Kris Guthrie, the vice president of Marketing for Landry’s Inc., “Over time, demographics shift, and so do the areas in which businesses thrive, and it’s because of this that we must close the Morton’s location in Phoenix.”  Guthrie said the Morton’s location in Scottsdale will stay open.  View article…

Amberian Lodge in Greer to be sold at auction  The Amberian Lodge in Greer will be auctioned online at Auction.com. It is not a distressed sale, according to the auction company.  “Personal circumstances have compelled the owner to accelerate the sale,” according to a statement distributed by the auction company.  View article…

New businesses land on Bell Road in Glendale  Glendale is revitalizing an area of Bell Road that had been hit hard by the recession with 11 new businesses and an effort to bring in more office occupants.  The city has helped to find tenants for several empty restaurants and stores, particularly near the 59th Avenue and Bell intersection.   View article…

8th Street in Mesa may become Rio Salado Parkway  Seeking to boost regional appeal, Mesa is considering renaming Eighth Street as Rio Salado Parkway from Country Club Drive west to the Tempe border.  City Council member Dave Richins and the Mesa Grande Community Alliance came up with the idea almost simultaneously to enhance the identity of the area, where construction of a new Chicago Cubs complex is expected to start later this year.  View article…

Mesa mayor sees light rail heading to Gateway area  From the future of downtown hot dogs to long-range, multimillion-dollar expansions of Mesa’s light-rail line, an upbeat Mayor Scott Smith covered numerous topics this week during his second Twitter Town Hall.  Fresh from announcing last week that he will seek a second term this year, Smith sat for an hour in the city’s TV studio and fielded questions arriving via the popular social-networking site.  View article…

Scottsdale coffee shop offers jolt of alcohol with its java  Long lounge seats like sofas line the walls of an eclectic, small coffee shop. Tables with simple chairs fill the interior, while a long wooden bar table greets customers in line.  Hanging on the wall, menus handwritten on chalkboards give customers typical coffee options. However, the recent addition of alcohol makes this location unique.  Cartel Coffee Lab, off Fifth Avenue in downtown Scottsdale, started serving wine and beer in January. This location is the fourth for the business that started in Tempe but is the first to offer alcohol.  View article…

Real Estate Professionals Feeling Brunt of Recession  The effects of the housing crisis are widespread, but nowhere do they hit home more than in the real estate community.  Eighty-eight percent of real estate professionals in a recent survey said they have lost money since 2008 or are living off significantly less income. Many are dipping into savings to make ends meet.  View article…

Mezzanine Lenders Look Forward to a Big Year  In the boom years, mezzanine financing—debt that fills a gap between senior financing and equity—was a hot spot for some capital providers. The sector cooled considerably after the financial crisis set in. But 2012 may go down as the year mezzanine lenders came back in a big way due to a constellation of factors coming into line.  View article…

HOUSING:
CoreLogic Records 4.7% Drop in Home Prices in 2011  Year-end data from CoreLogic shows home prices fell by 4.7 percent over 2011. It marks the fifth consecutive year the company has recorded an annual decline in residential property values.  View article…

Mesa tops list for distressed properties in January  Mesa topped the list in terms of the numbers of distressed properties in the Valley for January, according to the Arizona Regional Multiple Listing Service.  Mesa had the most distressed properties, which include foreclosures and short sales, in January with 922.  View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET) Investment, multi-tenant retail center.  For a brochure, click here…

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office  For Sale.   For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park.  For a brochure, click here…

7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity.  For a brochure, click here…

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.   

To view this weeks Costar Watchlist, click here.

Phoenix’s Select Top Industrial Leases for Q4 2011  The following is an account of the Phoenix market’s select top 10 industrial lease transactions for fourth quarter 2011.  Cornerstone Services, Inc. leased 337,897 square feet in Interstate Logistics Center at 7210 W Van Buren St. in Phoenix.  View article…

CARTER’S OPENS A NEW STORE IN GLIBERT!  Velocity Retail Group negotiated a new 4,000 square foot store on behalf of Carter’s in the Gilbert Commons shopping center at the southwest corner of Baseline and Cooper Roads in Gilbert, Arizona.  View article…

Cleantech, exports and manufacturing key Phoenix economic growth  Phoenix is going to have to ween itself off of retail and tourism jobs in the coming decades if it wants to keep up with the rest of the world.  View article…

Cigna Medical Group laying off 100 in Phoenix  Cigna Medical Group is laying off 100 employees, including 15 doctors, and the health care company closed nine of its CMG CareToday clinics.  In December, Cigna closed CMG CareToday clinics throughout the Valley, leaving only two open in Phoenix: one at Central and Adams avenues downtown, and another at 90th Avenue and Thomas Road.  View article…

LA private equity firm buys Biltmore Bank  Biltmore Bank    in Phoenix has been acquired by Grandpoint Capital Inc. of Los Angeles.  Terms of the all-cash deal were not disclosed. Regulators and shareholders still need to approve the deal before an expected closing in the second quarter of this year.  View article…

Borrower Trends 2012: Capital Markets Recovery Holds Steady  The volume of multifamily and commercial real estate lending is a far cry from the frothy days of 2005 through 2007. Yet the flow of capital is growing and both borrowers and lenders are optimistic that financing will continue to improve in 2012.  View article…

Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%  What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, “they are all completely worthless” you are absolutely correct. Alas, the market needs to “trade” off numbers, which is why the just released CBO numbers apparently are important… And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights.  View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET) Investment, multi-tenant retail center.  For a brochure, click here…

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office  For Sale.   For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park.  For a brochure, click here…

7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity.  For a brochure, click here…

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.   

2.47 Acres of Land Sold in Tucson  Nick Miner, CCIM, of Commercial Properties, Inc exclusively represented the buyer to acquire this property located at 4575 S Coach Drive, Tucson, Arizona.  View article…

Inland American Communities Group, Inc. Breaks Ground on Student Housing and Dining Facilities at Arizona State University  Inland American Communities Group, Inc. (IAC), a wholly-owned subsidiary of Inland American Real Estate Trust, Inc., has broken ground on the first phase of its newest on-campus project, Innovation Academic Village, on Arizona State University’s (ASU) Polytechnic Campus in Mesa, Ariz. This state-of-the-art student housing community and dining facility will be located adjacent to the campus core, the newly constructed Student Recreation Center and recreational sports fields. Construction of the $13.5 million housing project began July 2011 and is on schedule to open for the fall 2012 semester.  View article…

Park Central owner defaults on $32.5M loan, faces foreclosure  For months, there have been fewer and fewer large commercial real estate foreclosures to report, but that changed today as word seeps out that Park Central’s owner is in default on a $32.5 million loan that is secured by about 330,000 of the 700,000 square feet that comprise the mixed-use development.  The property is at Central Avenue and Earll Drive in Phoenix.  View article…

GPE Closes 95,037 Square Feet for $9.6M in December 2011  GPE Commercial Advisors (gpe1.com) reported closing 25 commercial transactions in the amount of $9.6M for 95,037 square feet in December 2011.  $4.7M in commercial sales (54,212 SF); $3.1M in commercial leases (40,825 SF);  $1.8M in business sales…View article…

Developers delay Goodyear Estrella Falls regional mall again  Construction of regional shopping mall in Goodyear will be delayed for a fourth time, and developers are reluctant to offer any building timeline except to say they plan to break ground by the time a development agreement with the city ends in 2016.  Estrella Falls is a planned 1.2 million-square-foot mall that would be built northwest of McDowell Road and Bullard Avenue. Previous plans included tenants such as Macy’s and Dillard’s.  View article…

Velocity Retail Group Helps Mega Furniture Go “Mega-Mega” in Mesa Velocity Retail negotiated a lease on behalf of Mega Furniture to open a new store in east Mesa. The store is located in the Mesa Pavilions shopping center at the southeast corner of Southern and Power.  At 41,750 square feet, it is nearly twice as large as the company’s typical store.  View article…

Prada opens at Scottsdale Fashion Square Mall  Italian. Leather. It rolls off the tip of your tongue. And now, the Italian leather designer, has opened its long-awaited store at Scottsdale Fashion Square Mall.  Crews had been working on the former Banana Republic space since last fall in preparation for its entree into the market. That finally came today.  View article…

Portillo’s planning expansion into Arizona  The Portillo Restaurant Group is planning an expansion into Arizona, bringing a Chicago institution to the Valley in the form of hot dogs and Italian beef.  The Chicago-area restaurant company is scouting locations in Tempe, Chandler and Scottsdale for new Portillo’s restaurants, and founder Dick Portillo said he’s bullish on the expansion.  View article…

Biltmore Bank acquired by Grandpoint Capital  Biltmore Bank in Phoenix said today it has been acquired by Grandpoint Capital Inc. of Los Angeles.  Terms of the all-cash deal were not disclosed. Regulators and shareholders still need to approve the deal before an expected cosure in the second quarter of this year.  View article…

Blackstone Spies Retail Recovery  Blackstone Group LP’s $11 billion bet on retail property is showing signs of paying off.  As the retail property market struggled over the past year with high vacancies and competition from online shopping, the private-equity giant made a bold play: It bought up three major retail portfolios to become one of the largest owners of U.S. shopping centers.  Now there are signs that the industry is near its bottom, and perhaps starting a slight recovery.  View article…

Case-Shiller Records Continuing Declines in Home Prices  Data released this morning   by Standard & Poor’s for its S&P/Case-Shiller home price index showed declines in November of 3.6 percent for the 10-city composite and 3.7 percent for the 20-city composite when compared to price levels from a year earlier.  View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET) Investment, multi-tenant retail center.  For a brochure, click here… 

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office  For Sale.   For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park.  For a brochure, click here…

7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity.  For a brochure, click here…

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.   

Nick Miner, CCIM,  of Commercial Properties, Inc exclusively represented the buyer to acquire this property located at 4575 S Coach Drive, Tucson, Arizona.

Sales Price: $660,000
Size: 2.47 Acres

The buyer intends to do a build to suit for the GSA.  For more information, contact Nick.

View Commercial Properties Foreclosed – week of 1/23/12 in a full screen map

View Office Properties going to Trustee Sale – 1/30/12 in a full screen map

View Retail Properties going to Trustee Sale – 1/30/12 in a full screen map

Market Trend: Phoenix’s Retail Vacancy Decreases to 12.1%  The Phoenix retail market experienced a slight improvement in market conditions in the fourth quarter 2011.  The vacancy rate went from 12.5% in the previous quarter to 12.1% in the current quarter. Net absorption was positive 1,072,778 square feet, and vacant sublease space decreased by 21,801 square feet.   View article…

Del Frisco’s Grille coming to old Houston’s space at Phoenix Esplanade  It’s been months since Houston’s restaurant departed the Esplanade to become Hillstone across Camelback Road and down the street a bit. Now comes word that Del Frisco’s, which runs some very high-end steakhouses in select markets, is unveiling its new Del Frisco’s Grille concept in Houston’s former Esplanade space that fronts Camelback Road.  View article…

Smashburger will open Wednesday in north Peoria  Smashburger will open this week at the Lake Pleasant Towne Center in north Peoria.  The grand opening on Wednesday will include a ribbon-cutting ceremony and full menu taste tests.  The Smashburger will open at 9918 W. Happy Valley Road, the regional chain’s eighth Valley location.  View article…

Phoenix MF in 2012: Rents Level Off; Construction, Investments Increase  The multifamily sector in 2011 saw increasing occupancies, combined with a continued burn-off of concessions and a rise in rent rates. Experts tell Globest.com that more of the same can be expected in 2012, complete with more commercial real estate deals and groundbreakings on new projects in the multifamily sector.  View article…

Regulators Shutter Five Lenders  State and federal regulators stepped in to shut down five lenders over the weekend, including one New York-based credit union and four FDIC-insured institutions – two in Tennessee and one each in Florida and Minnesota.  View article…

HOUSING
Phoenix home values expected to fall another 10%  Home prices will continue to fall in the Phoenix metro area, according to the most recent Fiserve Case-Shiller survey, which uses data collected from the Federal Housing Finance Agency.  By the third quarter of 2012, prices are expected to drop another 9.6 percent. By the third quarter of 2013, expect a further decline of 3.4 percent.  View article…

Don’t Expect Rise in National Home Prices Until 2013: Fiserv  The analysts at Wisconsin-based Fiserv, Inc. are forecasting average U.S. home prices to fall by another 2.7 percent through the third quarter of 2012, before rising 3.8 percent by the third quarter of 2013.  View article…

CoreLogic: Phoenix home foreclosures on the decline  Foreclosure rates in the Phoenix area are continuing to move lower, according to new data from CoreLogic , a national real estate research firm.  Of existing mortgages, 3.07 percent were in foreclosure in November 2011 as compared with 4.8 percent a year earlier. Phoenix remains below the national foreclosure rate of 3.41 percent.  View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET) Investment, multi-tenant retail center.  For a brochure, click here…

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office  For Sale.   For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park.  For a brochure, click here…

7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity.  For a brochure, click here…

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.

Guardian 8 to move to Scottsdale  Guardian 8, a security company designing a personal defense system, is moving its headquarters from the Kansas City area to Scottsdale.  The move will bring seven executive positions to a facility in the Scottsdale Airpark, and the company plans to hire about 15 people in 2012. View article…

Arizona ULI event paints a mixed picture for real estate  Trends Day, the signature event for the Arizona Chapter of the Urban Land Institute, drew 600 attendees Thursday to the large ballroom at the Sheraton Downtown Phoenix. It’s a popular gathering for all the movers and shakers in real estate, land use and development.  View article…

Scottsdale luxury apartment, retail project gets approval  An apartment complex and boutique shopping area at a high profile corner in Scottsdale are one step closer to reality.  By a vote of 5-2, the Scottsdale City Council this week approved a plan for Alliance Residential Co. to build 264 high-end units on 5.3 acres of land at the northwest corner of Scottsdale Road and Lincoln Drive. Some 23,000 square feet of retail space will front Scottsdale Road as part of the project, according to Michael Lieb, the broker handling the deal.  View article…

NW Valley land will shape into recreation area A 110-square-mile recreation area that eventually will include hiking and off-road-vehicle trails, campgrounds and wildlife-observation areas will soon start taking shape around the Vulture Mountains in the far northwest Valley.  The Maricopa County Board of Supervisors this week directed county parks and recreation staff to begin the $29 million, 30-year project, the first large-scale county-parks project since the 1990s.  View article…

Mesa goes after Fiesta Village again  Mesa has opened a new code-compliance case — at least the 13th in the last nine years — against the empty Fiesta Village shopping center at Southern Avenue and Alma School Road.  It is the latest chapter in an epic struggle over the future of one of Mesa’s most important commercial intersections — so important that the city is preparing to spend $11 million to improve the streetscape and, hopefully, attract investment to the neighborhood.  View article…

Outlet mall on Gila River land concerns Chandler  Construction will start before summer on an upscale 90-store outlet mall south of Chandler on the Gila River Reservation.  Developers made the announcement during a ceremonial lease-signing last week, and that’s worrying Chandler officials who fear the new center will siphon shoppers and tax dollars from the city’s nearby regional mall.  View article…

Report: Best and Worst States for Business Taxes  Wyoming, South Dakota and Nevada are among the 10 best states for taxes on business, while California, New York and New Jersey are among the 10 worst, according to a new report, State Business Tax Climate Index, from the Washington-based Tax Foundation. The annual report ranks states by comparing dozens of tax provisions to show how each state’s taxes compare.  View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET) Investment, multi-tenant retail center.  For a brochure, click here…

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office  For Sale.   For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park.  For a brochure, click here…

7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity.  For a brochure, click here…

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.   

2012: As the Fundamentals Improve Stateside, They Deteriorate Abroad by Paul Kasriel, Chief Economist for Northern Trust Bank  CPI hosted Paul at our office on Wednesday.  We were able to ask questions and discuss the economy from a 30,000 foot level.  To see the presentation materials, click here.

PARK CENTRAL TARGETED IN FORECLOSURE ACTION . . . $32.5 MILLION LOAN IN DEFAULT  The Park Central office-retail development in central Phoenix is scheduled to be sold at a trustee’s sale on April 19. According to Ion Data, a Mesa-based provider of real estate data, the owner of the landmark commercial property is in default on a loan with an original principal balance of $32.5 million. Ion Data’s Foreclosure Update lists the beneficiary as the registered holders of LB-UBS Commercial Mortgage Trust 2001-C3, Commercial Mortgage Pass-Through Certificates Series 2001-C3.   View article…

EXCEL BUYS SCOTTSDALE PROMENADE OFFICES . . . CASH + STOCK DEAL VALUED AT $56 MILLION   A company formed by Excel Trust Inc. in San Diego, Calif. (NYSE:EXL, Gary Sabin, CEO) paid $56 million ($218.60 per foot) to buy the Promenade Corporate Center at the southeast corner of Scottsdale Road and Frank Lloyd Wright Boulevard in Scottsdale. The seller of the 256,176-square-foot project was Levine Investments Limited Partnership, a company formed by investor Bill Levine of Pacific Cos. in Phoenix. Maricopa County records show the buying entity (Excel Promenade Office LLC) paid cash for the property, but the trade actually included stock consideration equal to $42 million or 75 percent of the purchase price.   View article…

BH PROPERTIES BUYS TWO PHX AREA MF ASSETS  B.H. Properties has purchased the Monarch and the Montego apartment communities, located in Phoenix and Mesa, Ariz., respectively. The 120-unit Monarch Apartments resides at 77 West Coolidge Street in uptown Phoenix. The 154-unit Montego Apartments is located at 949 S. Longmore Street in Mesa. The notes on the properties were purchased from Capmark Bank.  View article…

SCOTTSDALE INDUSTRIAL BUILDING SELLS FOR $3M  A 34,768-square-foot industrial building in Scottsdale has sold to a Phoenix-based partnership for $3 million. It was developed in 1999 as a build-to-suit facility for The Arizona Republic, however, the building has been vacant for more than two years.  View article…

PHX INDUSTRIAL PROPERTY SELLS FOR $2.6M  About 98,000 square feet of general industrial space at 1025 and 1033 N. 71st Ave. in Phoenix has sold to Alliance Commercial Partners, LLC for $2.6 million. The property was built in 2007. The 1025 property was vacant and in shell condition. The 1033 building had about 1,400 square feet of spec office space that was built out at the time of sale.  View article…

Scottsdale council OKs zoning change for mixed-use development  The Scottsdale City Council Tuesday approved a zoning change to allow a mixed-use development on the northwestern corner of Scottsdale Road and Lincoln Drive.  The plan calls for multi-level apartment buildings and one story of retail.  Some council members were unhappy that the proposal was on its consent agenda, which calls for a single vote on multiple items with little or no discussion.  View article…

Devil’s Den, not Front Door, set for Mill opening  Negotiations on the Front Door restaurant expected to open in downtown Tempe next month fell through, but the high-profile location is in such demand that a new owner already signed a lease on the space.  On Tuesday, property owner Mike Frost said that a tenant signed a lease on Friday to open Devil’s Den Sports Grill in his building on the northeastern corner of Mill Avenue and University Drive.  View article…

CollegeBound Network brings 150 new jobs to Tempe  CollegeBound Network is bringing a call center and 150 jobs to Tempe next month in an effort to expand its business.  The Staten Island, N.Y. company is moving into an 8,500-square-foot space at the 2200 Fountainhead Corporate Park, and is hiring.  View article…

ASU West campus gets $25M rec facility  Arizona State University’s West campus is getting a $25 million recreation and wellness facility.  The 63,800-square-foot project will open in January 2013. Haydon Building Corp.   broke ground on the project last month. Architect is Architekton + 360 Architecture.  View article…

Fed Extends Expectations for Low Rates Through 2014  The Federal Reserve said Wednesday that it will hold a key benchmark interest rate near zero through late 2014. The setting of this federal funds rate – the rate at which banks lend to one another – is one of the most fundamental and principal tools in the central bank’s chest of economic influence.  View article…

Wells economist: ‘True” housing recovery a decade away  Wells Fargo Securities    says a national housing rebound could take a decade to arrive despite recent data suggesting an improvement in housing.  “While home prices may finally reach a bottom in 2012, prices will likely not rebound nationally in a significant way anytime soon, so long as vacancy levels remain elevated,”Mark Vitner, senior economist at Wells Fargo   Securities, told clients in a 12-page special report this month.  View article…

Foreclosures for Sale: 34% Off  Foreclosure homes sold for 34 percent less than the average price of a non-distressed home during the third quarter of 2011, according to new data released by RealtyTrac Thursday. The average sales price of homes in the process of foreclosure or bank-owned was $165,322 over the July-to-September period last year.  View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – 10.5% Cap Rate (In Escrow) Investment, multi-tenant retail center.  For a brochure, click here…

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office  For Sale.   For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park.  For a brochure, click here…

7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity.  For a brochure, click here…

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.