Vizzda Weekly - week ending 1/1/16

Keeping you up-to-date with CRE deals in the Phoenix Metro Market
Team Vizzda would like to present Vizzda Weekly - our complimentary weekly recap of commercial real estate activity in the Phoenix Metro Market. 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 Phoenix Metro Market to our subscribers.
For the week ending January 1, 2016 Happy New Year! Last week, Vizzda researched 90 Sales events totaling $342,470,263 in transaction value. We also reported on and cataloged 3 Distressed Property notices, 20 Debt Recordings and11 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 29 Land Sales and 3 Debt Recordings in the Phoenix Metro Market.
	Featured Land Sale: ±25 Acres Sells for $2M in Goodyear Stephen S. Rados, Leslie Brown (Rados Properties), Melinko P. Doder, & Olivera R. Lynn purchased ±25 acres of industrial land zoned I-2 on 12/28/2015 from Duke Realty for $2M ($76,923 per acre). No debt was recorded with the sale.  Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 16 Office Sales, 7 Debt Recordings, and 1 proposed office Planning & Zoning Event in the Phoenix Metro Market.
	Featured Office Sale: Shea Professional Plaza Sells for $1.2M in Phoenix Michael Brewer and Nizam Missaghi acquired the ±24K SF office property on 12/28/2015 from Vestin for $1.2M, with $240K down and $960K in new debt with JP Morgan Chase Bank. The property consists of one 2-story building, built 1974, on ±2 acres and zoned C-O.  Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 5 Multifamily Sales, 1 Debt Recording, and 2 proposed multifamily Planning & Zoning Events in the Phoenix Metro Market.
	Featured Multifamily Sale: Estancia Luxury Apartments Sell for $5.9M in Scottsdale Martin A. & Jack A. Campbell et a.l (Campbell Lodging) purchased the 62-unit apartment complex on 12/29/2015 from Todd V. Braun, James & Karrie Pierson et al. for $5.9M ($95,161 per unit). There was no debt recorded with the sale. The property consists of 9 one & two-story buildings totaling ±39K SF, built from 1968 to 1994, on 2.107 acres and zoned C-3. 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, 3 Notices for Trustee Sale, 4 Debt Recordings and 5 proposed retail Planning & Zoning events in the Phoenix Metro Market.
	Featured Retail Sale: ±13K SF Retail Property Sells for $4.9M in South Phoenix Hyun Min Shin purchased these multi-tenant freestanding retail properties on 12/29/2015 from Dennis Flake for $4.9M ($358 per SF) with $1.35M down and $3.55M debt with Cantor Commercial Real Estate Lending. Part of Lowe's anchor power center, the ±13K RSF retail properties are zoned C-2.  Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 9 Industrial Sales and 2 Debt Recordings in the Phoenix Metro Market.
	Featured Industrial Sale: ±237K SF Industrial Property Sells for $43.1M in Tempe An entity tracing to Rajan Watumull acquired the industrial flex property from entity tracing to Northwood Investors on 12/30/2015 for $43.1M with $13.1M down and $30M in new debt with Jefferies LoanCore. The property consists of one single-tenant building building built 2015 on 16.54 acres, zoned GID. The property currently represents phase 1 of 2, with an additional 91K SF and 100 parking spaces to be added in phase 2 at a later unspecified date (see attached planning document for more info). Note: image reflects area prior to recent construction. 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.