The Vizzda Weekly - Phoenix - Week Ending June 17th, 2016

Keeping You Up-To-Date with Commercial Real Estate Deals in the Phoenix Metro Market
The Vizzda Weekly is Vizzda's complimentary recap of the industry's commercial real estate activity for the previous week in Greater Phoenix. The Vizzda Weekly tells you the total number of sales and projects tracked by Vizzda that week, as well as detailed information on a selected deal or project from each major asset class. Keep in mind, this is just the tip of the iceberg. Vizzda provides in-depth information for all commercial properties in Greater Phoenix, including, Office, Industrial, Retail, Multifamily, Commercial Land, Residential Lots and much more.
For The Week Ending June 17th, 2016 Vizzda reported 57 sale events totaling $206,404,378 in transaction value in the Phoenix Metro Market. Vizzda also cataloged 15 Planning & Zoning events.
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What Happened in LAND Last Week? Vizzda reported 10 land sale events in the Phoenix Metro Market.
	Featured Land Sale: Land in Tempe Proposed for Multifamily Project Purchased for $10,000,000       An entity tracing to JLB Partners purchased this property from Paul Berkowitz on 6/14/2016 for $10M and a  $47.3M debt with Regions Bank. The property is 14.66 acres of commercial land zoned PCC-2.    Vizzda Subscribers - click here to access the full report.
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What Happened in OFFICE Last Week? Vizzda reported 15 office sale events in the Phoenix Metro Market.
	Featured Office Sale: Multi-Tenant Medical Office in Gilbert Sold for $3,220,000       On 6/15/2016, Jill Ingram and Louis Norris sold this property an entity tracing to Dhalla Orthopedic Center. The property is two 1 & 2-story buildings built on 2.43 acres and is zoned GO.       Vizzda Subscribers- click here to access the full report.
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What Happened in MULTIFAMILY Last Week? Vizzda reported 3 multifamily sale events in the Phoenix Metro Market. Vizzda also cataloged 3 multifamily Planning and Zoning events.
	Featured Multifamily Sale: 30-Unit Apartments Near Mill Avenue and Broadway Road Purchased for $95,000 Per Unit   An entity tracing to Paxton & Dawn Jevnick acquired this property on 6/15/2016 from J.Mark & Associates for $2,850,000 or $95,000 per unit. The property is three, 2-story buildings on 1.02 acres and is zoned R-3.  Vizzda Subscribers - click here to access the full report.
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What Happened in RETAIL Last Week? Vizzda reported 18 retail sale events in the Phoenix Metro Market. Vizzda also cataloged 6 retail Planning and Zoning event.
	Featured Retail Sale: Neighborhood Shopping Center in Surprise Purchased for $8,900,000 David Schneider, Timothy & Susan  Ernst, and Alan & Sherie Schneider  purchased this property from Jeff Saplis on 6/13/2016 for $8.9M with $3.967M down and $4.875M debt with FirstBank maturing 12/1/16. The property is one building on 5.35 acres and is zoned PAD.    Vizzda Subscribers - click here to access the full report.
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What Happened in INDUSTRIAL Last Week? Vizzda reported 5 industrial sale events in the Phoenix Metro Market.
	Featured Industrial Sale: Multi-Tenant Flex Building Near Scottsdale Airport Sold for $2,950,000  This property was sold on 6/10/2016 by Cutler Commercial to an entity tracing to Urman Realty for $2.95M with $1.34M down and $1.61M debt with Wells Fargo. The property is one building built on 1.73 acres and is zoned I-1.  Vizzda Subscribers - click here to access 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.