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Cottonwood considering 3-story mixed-use

Posted by   /  October 26, 2016  /  Business Real Estate Weekly, Real Estate  /  No Comments

By Roland Murphy for Arizona Builder’s Exchange A three-story retail and residential mixed-use project could be going up in Old Town Cottonwood under a master development submitted to the city. LeMain Development, LLC’s proposal calls for a three-story mixed-use building at 920 N. Main St. and a residential building of two floors over a ground […]

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Frontgate to open first Arizona store near Scottsdale

Posted by   /  May 13, 2015  /  Business Notes, Business Real Estate Weekly, Real Estate  /  No Comments

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By Parker Leavitt, The Republic | azcentral.com Furniture retailer Frontgate, which sells primarily online and through catalogs, plans to open its first Arizona retail store in the Pavilions at Talking Stick near Scottsdale next month. De Rito Partners, which manages the shopping center near Indian Bend and Pima roads on the Salt River Reservation, announced […]

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Sabal Financial buys 583,252 square foot office portfolio for $51.075M

Posted by   /  September 25, 2014  /  Business Real Estate Weekly  /  No Comments

By: Business Real Estate Weekly Companies formed by Sabal Financial Group L.P. in Newport Beach, Calif. (Patterson Jackson, CEO and co-founder) paid $51.075 million (blended average of $87.57 per foot) to buy a combined 583,252 sq. ft. of Phoenix office space. The sellers in four separate cash transactions were commercial mortgage backed securities (CMBS). The […]

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Landmark Monti’s Restaurant site in Tempe to get hotel and office towers

Posted by   /  September 18, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

By: Business Real Estate Weekly The red hot market in Tempe is getting even hotter as new hotel and office towers are planned on Mill Avenue alongside the landmark Monti’s La Casa Vieja restaurant. The $150 + million office-hotel project is targeted for a 2.5-acre site located at the southwest corner of Mill Avenue and […]

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EDR REIT pays $91M for student housing project near ASU

Posted by   /  September 17, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

By: Business Real Estate Weekly EdR in Memphis, Tenn. (NYSE:EDR) paid $91 million (326,165 per unit) to buy The District on Apache, a 279-unit student housing project located southeast of Arizona State University at 977 E. Apache Boulevard in Tempe. The seller in the cash transaction was Tempe Student Housing LLC, a company formed by […]

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San Diego based investor makes first valley buy…drops $48 Million for 582 apartments

Posted by   /  September 15, 2014  /  Business Real Estate Weekly  /  No Comments

By Business Real Estate Weekly Phoenix – Phoenix Uprising LLC, a company formed by investor Donald Dougher, II of San Diego, Calif., paid $48 million ($82,474 per unit) to acquire the 582-unit Sierra Ranch apartment complex located at 4722 E. Bell Road in Phoenix. The seller was FSC Saddleback Associates LLC, a company formed by […]

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Garrett Development venture adds to massive land holdings in Buckeye

Posted by   /  September 12, 2014  /  Business Real Estate Weekly  /  No Comments

By Business Real Estate Weekly With its recent purchase of just under 400 acres, companies formed by Jeff Garrett of Garrett Development in Phoenix and the Kemper & Ethel Marley Foundation in Phoenix have assembled 1,500 + acres in Buckeye that is targeted for a residential community with about 4,500 homes. KEMF Westwind North LLC […]

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Connell makes second play in Scottsdale…buys site for $55M apartment project

Posted by   /  September 11, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

By Business Real Estate Weekly Scottsdale – After finding success with a stalled residential condominium project the company acquired in south Scottsdale in 2010, Connell Real Estate Development Co. in Berkeley Heights, N.J. (Grover Connell, pres.) is investing another $55 + million to build an upscale apartment complex just down the street. Connell Real Estate […]

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REIT spends $125M to enter valley data center investment market

Posted by   /  August 29, 2014  /  Business Real Estate Weekly  /  No Comments

By Business Real Estate Weekly Phoenix/Scottsdale – If the company was looking to establish a significant presence and achieve a critical mass in the Valley’s real estate investment market – mission accomplished! Carter Validus Mission Critical REIT in Tampa, Fla. (John Carter, CEO) paid a combined $125 million ($188.55 per foot blended average) to acquire […]

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TA Associates drop $68 million for office-retail project in Chandler

Posted by   /  August 25, 2014  /  Business Real Estate Weekly  /  No Comments

chandler

Business Real Estate Weekly by Rose Law Group Chandler – A limited partnership formed by TA Associates Realty in Newport Beach, Calif. paid $68 million ($287.64 per foot) to buy 236,405 sq. ft. of office and retail space within The Park at San Tan project in Chandler. The purchase included a 216,517-square-foot office building and […]

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