CHANDLER, AZ-Greentree Place LLC gets the 256-unit Greentree Place Apartments for a little more than $49,000 per unit. Comparable properties this year have been commanding $56,073 per unit. Archon Residential of Texas is the seller.
MESA, AZ-Carlton Property Management, a local investment group, spends $29 per sf for a 12,000-sf industrial building along Gilbert Road in Mesa. Colorado investor Gene Goldsworth is the seller of the 90%-occupied structure.
PHOENIX-Southwest Supermarkets' shuttered Desert Market stores are likely to pique buyers' interest, says an area retail broker. After all, the sites were hot potatoes when Southwest made its bulk purchase six months ago from Dallas-based Fleming.
PHOENIX-Bristol Management, a Phoenix-based relocation operation, takes a 8,640-sf office in the Camelhead Business Center along N. 44th Street. The relocation company specializes in corporate housing.
PHOENIX-The Taubman Co. is taking a hard look at its prestigious Biltmore Fashion Park corner. Decision-makers there are talking of a major mixed-use project to complement the upscale 700,000-sf retail center.
PHOENIX-The Phoenix region's retail market is holding its own in tough times. Vacancy is up just a shade, says CB Richard Ellis in a Q3 analysis. Two regional malls opened with occupancies above 90%. Even 60 shuttered store were quickly snatched up.
PHOENIX-From a new high-end design division to a handful of personnel changes, Phoenix-area firms are on the move. The forthcoming changes are representative of many fields in the commercial real estate industry.
PHOENIX-The Phoenix region's retail market is holding its own in tough times. Vacancy is up just a shade, says CB Richard Ellis in a Q3 analysis. Two regional malls opened with occupancies above 90%. Even 60 shuttered store were quickly snatched up.
PHOENIX-The Phoenix region's retail market is holding its own in tough times. Vacancy is up just a shade, says CB Richard Ellis in a Q3 analysis. Two regional malls opened with occupancies above 90%. Even 60 shuttered store were quickly snatched up.
PHOENIX-California jeweler, Irmas Gold & Co., acquires a 17,600-sf industrial building in one of the region's most stable submarkets, the Black Canyon. The location and the structure fuel a $640,000 sale for the LLC owner.