Phoenix Vizzda Weekly - Week Ending May 20th, 2016

For The Week Ending May 20th, 2016 Vizzda reported 77 Sale events totaling $347,396,810.00 in transaction value. Vizzda also cataloged 27 Planning & Zoning events in the Phoenix Metro Market.
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What Happened in LAND Last Week? Vizzda reported 11 Land Sale events in the Phoenix Metro Market.
	Featured Land Sale: Land Proposed for Peoria Lakes Residential Lots Sells for $4M     On 5/18/2016, Quinn Palomino and Kathy Robinson of Versant CRE & Clear Vista Management acquired this property from Robert Harris for $4M. The property is ±144.6 acres of vacant residential land that includes a 51 acre lake fed by the Agua Fria River.  Vizzda Subscribers- click here to access the full report.
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What Happened in OFFICE Last Week? Vizzda reported 9 Office Sale event in the Phoenix Metro Market. Vizzda also cataloged 2 Office Planning and Zoning Event.
	Featured Office Sale: Multi Tenant Office Building near 202 & 143 Freeways Sells for $4.2M      West Coast Capital Partners acquired property on 5/19/2016 from US Bank for $4.2M. This office property is ±40K SF of space in a 2-story building and is zoned C-2.     Vizzda Subscribers- click here to access the full report.
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What Happened in MULTIFAMILY Last Week? Vizzda reported 17 Multifamily Sale events in the Phoenix Metro Market. Vizzda also cataloged 5 Multifamily Planning and Zoning events.
	Featured Multifamily Sale: 258-Unit Apartments on Indian School Road in Phoenix Purchased for $10.75M   On 5/13/2016, ReNUE Properties  purchased this property from Bruce Warren for $10.75M with $1.6525M down and $11.685M debt with National Bank of Arizona. The property consists of ±150K SF in twelve 2-3 story buildings and is zoned C-2, R-4, & P-1. Vizzda Subscribers - click here to access the full report.
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What Happened in RETAIL Last Week? Vizzda reported 13 Retail Sale events in the Phoenix Metro Market. Vizzda also cataloged 6 Retail Planning and Zoning events.
	Featured Retail Sale: Neighborhood Shopping Center Sells in Phoenix for $5M On 5/18/2016, CW Capital sold this property to Andrew Tavakoli of Tavaco Properties for $5M with $3.675M in new debt with Avatar Financial Group. The property has seven multi-tenant buildings on ±13.43 acres and is zoned C-2.   Vizzda Subscribers - click here to access the full report.
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What Happened in INDUSTRIAL Last Week? Vizzda reported 19 Industrial Sale events in the Phoenix Metro Market. Vizzda also cataloged 2 Industrial Planning and Zoning events.
	Featured Industrial Sale: Tempe Industrial Flex Center Near Railroad Sold for $7.2M Timothy Ellsworth & Portia Guerin sold this property to BKM Capital Partners  on 5/17/16 for $7.2M with $2,256,630 down. This transaction was part of a portfolio of three same-day sales of industrial properties between BKM & RREEF totaling $24.136M, funded by $16M cross-collateralized debt with Bank of America. This property consists of nine single-story buildings on ±5.96 acres and is zoned GID.    Vizzda Subscribers - click here to access the full report.
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