PARADISE VALLEY, AZ-The Newport Beach company plans a $20-million full renovation to stage a repositioning of the 262-room Doubletree La Posada Resort, a 28-acre property bought from Hilton Hotels.
PHOENIX-As Laich Industries readies to exit town, interest is mounting for a 100,000-sf plastics manufacturing site. Meanwhile, the listing broker's already holding a contract from a private investor on 6.9 abutting acres.
PHOENIX-Crown Pacific Properties, partnering with AEW Capital, corners the deed to the 40-year-old Camelback Towers. The game plan is a new name and full makeover of the 255 units will reposition the acquisition into an upscale residential destination.
MARANA, AZ-The national retailer takes 4,000 sf in for the one-year-old, 203,000-sf power center that's now fully leased with the new deal. Payless ShoeSource is planning an Aug. 1 opening under terms of a 10-year lease.
MESA, AZ-Noah Webster's executive team will use a $12.5-million, tax-exempt bond to develop a campus with up to seven buildings about 1.5 miles from its present location along Baseline Road. The seller is a group of European investors.
EULESS, TX-CNC Investments outdoes 20 others to get the Hunt Club, a class B property with a 92% occupancy. Sold by Aimco, the 20-year-old complex has monthly rents averaging $674 and units averaging 864 sf.
DALLAS-The 20,000-sf flex structures, each a single-tenant property, bring well north of $1 million or a closing price in the upper $30 per sf range. Buyer Jarvis Properties buys the trio from a locally based private investor.