PHOENIX—Capital One Multifamily Finance closed a Fannie Mae fixed loan totaling $5.5 million for the acquisition of Peoria Mobile Estates, a 125-pad manufactured housing community for seniors in Peoria.
TUCSON—CBRE has completed a 31,100-square-foot lease at the Campus at Tucson International in Tucson, Ariz. VXI Global Solutions, a Los Angeles-based company and provider of business process and information technology outsourcing, has leased the space.
PHOENIX—Parcland Crossing, a 383-unit apartment complex located at 800 W. Willis Rd. in Chandler, has sold for $65 million. The multifamily community sits just south of the 202 Freeway at the northeast corner of Willis and Alma School roads in Chandler.
PHOENIX—Following the recession and over the past five years, foreclosures have kept prices low on industrial/manufacturing buildings, according to Rob Martensen, vice president of Colliers.
PHOENIX—Highlands Village Equities, LLC (a company formed by Glenwood Development Company) purchased The Shoppes at Highlands Village, a grocery-anchored neighborhood shopping center at 1145 North Ellsworth Rd. in Mesa. The 87,486 square foot center was bought for $10.05 million from Donahue Schriber Realty Group.
PHOENIX—The Chef's Warehouse is making its foray into the Phoenix with a 14,488 square-foot lease at 745 W. Fairmont Dr. Cushman & Wakefield of Arizona, Inc. negotiated the lease.
PHOENIX—Watt Communities of Arizona has doubled its Phoenix project pipeline and brought its total local construction commitment to more than $21 million with the announcement of two new urban infill communities: The Enclave at 32nd Street and 16 Ocotillo.
PHOENIX—Harvard Investments will partner with Lincoln Property Company to develop the second and final phase of Riverview Point, a class A office project directly adjacent to the 250-acre Mesa Riverview mixed-use property in Phoenix's booming Southeast Valley.
PHOENIX—The Old Town Scottsdale submarket is hot and isn't showing any signs of slowing down, according to Chris Latvaaho of Cushman & Wakefield of Arizona, Inc. The company just negotiated leases totaling 24,486 square feet for a commercial real estate advisory firm and a medical care company at 4141 N. Scottsdale Rd.
PHOENIX—Jay Lefevers, founding principal of Phoenix-based Viewpoint Group, LLC will join CBRE's valuation and advisory services team. CBRE's valuation and advisory services intermountain region, which is headquartered in Phoenix, provides comprehensive valuations on complex real estate.