Here are the news articles you might find interesting today for commercial real estate and business:
HAYDEN FERRY II OFFICE SOLD TO PARKWAY PROPERTIES FUND FOR $86 MILLION After spending $40 million to acquire the 203,100-square-foot Hayden Ferry Lakeside I office project last July, a fund managed by Parkway Properties L.P. in Jackson, Miss. (NYSE:PKY, James Heistand, CEO) paid $86 million ($286.67 per foot) to purchase the 300,000-square-foot Hayden Ferry Lakeside II office project located within the Tempe Town Lake mixed-use development. The 12-story, class A Hayden Ferry II, was sold by Sumitomo Corp. of America. The purchase was made on behalf of Parkway Properties Office Fund II L.P. View article…
ALLIANCE ADDS TO VALLEY INDUSTRIAL HOLDINGS . . . PAYS $18.325 MILLION FOR 174,664 SQ. FT. Companies formed by Alliance Commercial Partners LLC in Lakewood, Colo. (Richard Stone, et al., partners) paid a combined $18.325 million ($104.92 per foot) to acquire 174,664 sq. ft. of industrial space in Phoenix and Tempe. The seller in three transactions were companies formed by The RREEF Funds in San Francisco, Calif. View article…
SITE AT 64TH STREET AND MCDOWELL TARGETED FOR APARTMENT DEVELOPMENT Chason Properties in Buffalo, N.Y. (Mark Chason, principal) plans to develop a 220-unit apartment complex on a 4.66-acre site located just east of the northeast corner of 64th Street and McDowell Road in Scottsdale. Scottsdale MAR LLC (the Chason entity) paid $1.75 million to buy the property, which previously was home to Pitre Buick. The seller was McDowell 6640 LLC in Scottsdale (Herbert “Bert” Pitre, principal). View article…
Rancho Solano school to open near Scottsdale Rancho Solano Prep will move its campus from Glendale to a building off Loop 101 overlooking Salt River Fields and Camelback Mountain near Scottsdale. “We’ve always said that Rancho Solano is an academic powerhouse, but if we could just bring it up a notch with a stellar facility, it would be a tremendous asset to the Valley,” said James Carruthers, president of Rancho Solano Private Schools. View article…
Arizona home foreclosues rise 14 percent in January Arizona home foreclosures increased from December to January by 14 percent, according to new information provided by RealtyTrac. Foreclosure actions were filed on one in every 325 housing units in the state in January. 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…
2 Acres of Land – (NEW LISTING) Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. 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.
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