THE VIZZDA WEEKLY
October 17th, 2016
Last week in Phoenix, Vizzda tracked $319,792,968 in commercial real estate including 56 sales and 18 new projects. Below are Vizzda's top transactions of the week.
PLANNING & ZONING
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40-Unit Apartment Complex Proposed for Development in Mesa
On October 11th, The City of Mesa Design Review Board introduced a Preliminary Review during a public meeting for the development of a subsidized, low income multifamily housing.
(1 of 18 planning & zoning events last week)
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LAND
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Land Proposed for Senior Facility in Mesa Purchased for $1.995M
On October 12th, Spectrum Retirement Communities purchased 9.52 acres of vacant commercial land from Cardon Bowden Investments for $1,995,000.
(1 of 12 land sales last week)
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OFFICE
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Single-Tenant Office in Mesa Purchased for $1.435M
On October 7th, Daniel Murphy purchased a single-tenant office totaling 5,969 square feet from Fortress Residential Group for $1,435,000.
(1 of 12 office sales last week)
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MULTIFAMILY
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Mobile Home Community in Miami Purchased for $1.8M
On October 4th, Robert Myers purchased an 85-space mobile home park on 27.36 acres from Gilbert & Rosa Paez for $1,800,000 with $200,000 down and $1,600,000 in seller-carried debt.
(1 of 9 multifamily sales last week)
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INDUSTRIAL
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Three Industrial Buildings in Phoenix Purchased for $1.35M
On October 7th, Michael & Timothy Terence and Christine Gillard acquired three industrial buildings totaling 42,000 square feet in a related sale from Thomas Gillard for $1,350,000.
(1 of 6 industrial sales last week)
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RETAIL
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Multi-Tenant Strip Retail in Mesa Purchased for $3.35M
On October 12th, Shahram Mokhtarzadeh and Guy Ben-Gal purchased two multi-tenant strip retail buildings totaling 21,810 square feet from Neil and Gregg Moran for $3,350,000, with $3,360,000 in related debt with Guy Ben-Gal’s entity.
(1 of 17 retail sales last week)
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