Vizzda Weekly - week ending 11/13/15

Keeping you up-to-date with CRE deals in the Phoenix metro area
Team Vizzda would like to present Vizzda Weekly - our complimentary weekly recap of commercial real estate activity in Maricopa County. Every Monday we send out Vizzda Weekly with the number of events we reported on and cataloged along with some featured events from the previous week.
Keep in mind, this is just the tip of the iceberg. Vizzda provides in depth information for all commercial properties - Multifamily, Office, Industrial, Retail, Storage, Hospitality, Mobile Home, Senior Facilities, Golf, Hospitals, Land & Lots - in Maricopa County to our subscribers. ***VIZZDA NOW COVERS PINAL COUNTY*** Team Vizzda is pleased to announce the addition of Pinal County data to our exclusive information service. Please contact Karyn MacVean at (480) 924-2000 orkmacvean@vizzda.com for pricing and assistance.
For the week ending November 13, 2015 Last week, Vizzda researched 66 Sales events totaling $280,313,688 in transaction value. We also reported on and cataloged 4 Distressed Property notices, 23 Debt Recordings and31 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 16 Land Sales, 2 Notices for Trustee Sale and 6 Debt Recordings in Maricopa County.
	Featured Land Sale: Maracay Homes Purchases ±35 Acres for $9.1M in Chandler Maracay Homes purchased ±35 gross (±34 net) acres of land zoned AG-1 in four same-day sales totaling $9.111M or $253,083 per acre: APN 303-55-686C from Jared Pope for $1M; APN 303-55-680 from Aurora D. Dallago for $150K; APN 303-55-012S from Rafe C. Riggs for $875K; remaining 8 parcels purchased from JEN Partners for $7M. The project at Cooper & Chandler Heights is planned for 84 conventional single family residential lots in a gated community.  Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 14 Office Sales, 7 Debt Recordings  and 2 proposed Office Planning & Zoning events in Maricopa County.
	Featured Office Sale: ±11K SF Office Property and ±1 Acre Land Sells for $4.6M in Scottsdale Haselden Construction and Essex Financial Group purchased an ±11K SF office property and ±1 acre of land zoned C-2 on 11/12/2015 from John A. Murphy Jr. and Frank C. Scognamillo in two transactions totaling $4.675M; ($3.775M + $900K) with $2.333M down and $2.9M in new debt with Citywide Banks. The loan matures on 5/12/2017. Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 4 Multifamily Sales, 3 Debt Recordings and 3 proposed Multifamily Planning & Zoning events in Maricopa County.
	Featured Multifamily Sale: 6-Unit Homeless Shelter Sells for $1.63M in Tempe On 11/10/2015, DMB purchased a 6-unit multifamily property built on ±1.43 acres, zoned CSS, from Max T. Taylor et al. for $1.63M, or $271,667 per unit; $26/SF on a land basis. Vizzda suspects that DMB bought property for redevelopment, however no current planning was found. The partially gated property's current use is as the "I Was Hungry Ministry" Homeless Shelter. Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 20 Retail Sales, 7 Debt Recordings and 8 proposed Retail Planning & Zoning events in Maricopa County.
	Featured Retail Sale: Portion of The Boulevard at Surprise Pointe Sells for $11.1M in Surprise Spirit Realty Capital acquired ±55K SF retail property, housing the Imax Theatre (anchor) on 11/10/2015 from CIRE Equity for $11.1M or $201.72 per SF. The property consists of one multi-tenant building built in 2008 on 4.97 acres zoned PAD.  Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 6 Industrial Sales, 2 Notices for Trustee Sale, and 6 Debt Recordings in Maricopa County.
	Featured Industrial Sale: ±25K SF Industrial Flex Property Sells for $2.1M in Chandler Steven Lloyd Wilson & Patricia Denise Wilson purchased a ±25K SF industrial flex property on 11/12/2015 from Michael Hickey & W. James Cullumber (Central Construction Co.) for $2.1M ($82 per SF) with $525K down and $1.575M variable-interest debt with Great Western Bank. The property consists of three single-story buildings built in 1984 & 2004 on 1.91 acres zoned PAD.   Subscribers - please click here for the full report.
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DISCLAIMER: The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person viewing this information to independently verify it.