SCOTTSDALE, AZ-Construction will kick off in first quarter 2003, with delivery marked for early 2004. The timeshare villas will abut the resort to deliver high-end amenities to fractional buyers.
TEMPE, AZ-Estrella Produce Co., led by Curtis Farnsworth, liked the 100% occupancy and good condition of the Sunrise Apartments. The offer came within five days of the "1980-something" complex going up for sale.
CHANDLER, AZ-Three major shopping areas, representing more than one million sf, are getting nine new stores and restaurants as retail leasing surges in the East Valley. The 256,000-sf Chandler Gateway is practically filled.
PHOENIX-The 104-unit Maryland Villas complex at 6333 N. 12th St. sells to a first-time Phoenix buyer from Hollywood, CA. A Marcus & Millichap broker meets the buyer at an investment seminar and later introduces him to the deal.
PHOENIX-The 104-unit Maryland Villas complex at 6333 N. 12th St. sells to a first-time Phoenix buyer from Hollywood, CA. A Marcus & Millichap broker meets the buyer at an investment seminar and later introduces him to the deal.
PHOENIX-The 248-unit complex offers the drawing power that made it worth putting together an investment group for the class A buy. Built in 1992, the complex sports access to recreational areas, shopping and freeways.
SCOTTSDALE, AZ-The Salt River Pima-Maricopa Indian Community hopes to break ground by year's end on an office project that will lead off a 5,500-acre, long-range plan for high-end commercial and industrial development.
PHOENIX-The Southwest Service Administrators will move into 10,584 sf to fill about one-fourth of an office emptied in June. The inbound tenant gets the keys Dec. 1 for Northwest Business Center IV.
CHANDLER, AZ-Three months after buying out Westcor, Macerich refinances its showcase asset, Chandler Fashion Center. The $184-million loan pays off $160 million in construction financing that comes due in December.
PHOENIX-By mid-November, the short list will be in the hands of Phoenix City Council. A developer will be picked in December for the first phase, a 150,000-sf headquarters and research facility in the downtown.