PHOENIX—BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix. The all-cash deal closed in 18 days.
PHOENIX—CBRE has completed the sale of the Tanque Verde apartment complex, 428-unit multifamily community located at 7671 E. Tanque Verde Rd. in Tucson. The multifamily asset sold for $21.3 million.
PHOENIX—Signaling a move to expand its Capital Markets platform, Cushman & Wakefield has added a capital markets and commercial real estate veteran to its leadership roster. Bob Kline of RW Kline Companies has joined the firm as senior managing director of the Equity, Debt and Structured Finance Group.
PHOENIX—Ensemble Real Estate Solutions, a Phoenix-based full-service healthcare real estate firm, has established a strategic relationship with Phoenix Children's Hospital to serve as its exclusive real estate advisor.
PHOENIX—Glimcher Realty Trust and CBRE announce the first office lease for Scottsdale Quarter's new 170,000-square-foot, class A, mixed-use building in North Scottsdale. Located at the southeast corner of the high-end lifestyle center, the new, six-story tower will be the new home of Phoenix-based hospitalist group Apogee Physicians' corporate headquarters.
PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease renewal at Granite Commerce Center, 405 N. 75th Ave., Suite 180, for a lamination distribution company.
PHOENIX—Marcus & Millichap announces the sale of La Ronde Centre, a 106,503-square-foot retail property located in Sun City. The asset sold for $8 million. La Ronde Centre is located at 14656 N. Del Webb Blvd.
PHOENIX, AZ – A Phoenix-based company bought a 113,827-square-foot industrial warehouse facility at 317 S. 48th St. in Phoenix for $9.2 million. Lee & Associates principal Ken McQueen represented the buyer, Road Machinery, LLC. The seller was Verde Investments, Inc. of Phoenix.