THE VIZZDA WEEKLY
August 22nd, 2016
Last week in Phoenix, Vizzda tracked $389,410,327 in commercial transactions including 45 sales and 14 new projects. Below are reports for five of those events.
LAND
Commercial Land in Litchfield Park Purchased for $2.45M
On August 17th, Richard Ehret purchased the 1.05 acre property from Stephen Stine for $2.45M.
(1 of 8 land sales last week)
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OFFICE
Medical Office Condo in Phoenix Purchased for $743K
On August 16th, Nicholas & Danielle Cicogna purchased this 5,733 medical office condo from Sabrina Dhanjal and Karun Gaba with funding of $696K originated through SeaCoast Commerce Bank.
(1 of 7 office sales last week)
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MULTIFAMILY
130-Unit Apartment Complex in Phoenix Purchased for $5.85M
On August 18th, Caliber West Development purchased the 2.27 acre apartment complex for $5.85M.
(1 of 9 multifamily sales last week)
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INDUSTRIAL
Industrial Flex in Scottsdale Purchased for $5M
On August 17th, Glassir Capital Partners purchased the 3.5 acre property from CW Capital for $5M with $4.375 in funding with Enterprise Bank & Trust.
(1 of 5 industrial sales last week)
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RETAIL
Scottsdale Waterfront Retail Condos Purchased for $52M
On August 17th, Weingarten Realty purchased six retail condos and one office condo in Scottsdale totaling 94,052 SF from Metzler Realty Advisors for $52M.
(1 of 16 retail sales last week)
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