CAVE CREEK, AZ-Coldwell Banker Success Realty says the broker has been fired and a complaint filed with the state licensing board. The action didn't block a Cleveland developer's lawsuit against the firm.
PHOENIX-The buyer gets a first-floor office for an affiliate, two tenants and a view of Squaw Peak, the Wrigley Mansion and the Arizona Biltmore golf course, taking half-interest in an 86,000-sf building.
GLENDALE, AZ-The buyer gets five of eight buildings in the complex near the Thunderbird Samaritan Medical Center. The 92%-leased package, totaling 47,928 sf, has a lease rollover of 10 years.
PHOENIX-The Valley's retail market is on the rebound, or at least the initial signs are there. "The gains are modest," says one retail pro, who credits hard-working brokers for the absorption win.
PHOENIX-A first-time commercial property buyer gets 8,901 sf in Phoenix, Tempe and Mesa. The deal closes within 60 days of the Five Aces Cash Express outlets coming to market as seller Maverick Holding Co. chases a 1031 Exchange.
PHOENIX-The Phoenix-based hotelier undertakes an aggressive expansion built on new product and re-branded facilities. The North American strategy targets 50 cities while the international push takes aim at Asia and South America.
MESA, AZ-The 54,000-sf office/warehouse trades to a Scottsdale investor looking to satisfy a 1031 Exchange. The buyer's broker finds a 95%-occupied building with an extra half acre in Mesa that is particularly appealing due to the cash flow.
PHOENIX-The 186-unit, 93%-occupied complex had 10 bidders vying for the deed, but it was the ability to close quickly that rolled the property into the portfolio of a San Francisco-based investment group.
TEMPE, AZ-Classical Kids Academy commits for seven years to a 10,872-sf retail-style industrial building at 1102 W. Southern Ave. The 35-student charter school gains more space to boost the head count.
PHOENIX-Come May 15, the Crowne Plaza flag is lowered on the 532-room CBD hotel and a Wyndham banner rises in its place to kick off a $6-million makeover for Phoenix Hospitality's franchise change.