Monday, October 3, 2016

The Vizzda Weekly - Phoenix - October 3rd, 2016

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THE VIZZDA WEEKLY
October 3rd, 2016
Last week in Phoenix, Vizzda tracked $260,492,293  in commercial real estate deals including61 sales and 3 new projects. Below are Vizzda's top transactions of the week. 
 
Now featuring new Planning & Zoning events! 
PLANNING & ZONING 
Spotlight
146 Unit Senior Living Center Proposed for Development in Phoenix  
On September 27th, The Alhambra Village Planning Committee introduced a rezoning application during a public meeting for the development of a senior living center on 7.34 acres. 
(1 of 3 planning & zoning events last week)
LAND
Spotlight
Vacant Land in Scottsdale Purchased for $1.5M
On September 26th, Monolith Development Corporation purchased 2.71 acres of vacant commercial land in Scottsdale from QuikTrip for $1,532,037.
     
(1 of 16 land sales last week)
OFFICE
Spotlight
Office Building in Phoenix Purchased for $5.25M    
On September 28th, Helios Education Foundation purchased a 19,856 square foot, 2-story office building from Andrew Mellen for $5,250,000.     
(1 of 7 office sales last week)
MULTIFAMILY
Spotlight
Apartment Complex in Phoenix Purchased for $21.8M  
On September 28th, Weidner Apartment Homes purchased a 78,221 square foot apartment complex from Goodman Real Estate for $21,800,000 with $6,800,000 down and $15,000,000 in funding with Keybank.      
(1 of 10 multifamily sales last week)
INDUSTRIAL
Spotlight
Distribution Center in Phoenix Purchased for $21.55M
On September 26th, Lineage Logistics purchased 18.28 acres of industrial space from Prologis for $21,550,000.      
(1 of 6 industrial sales last week)
RETAIL
Spotlight
Multi-Tenant Retail Buildings in Phoenix Purchased for $9.65M  
On September 29th, Josh Meyer and James Shough purchased 31,647 square feet of retail space from David McHenry for $9,650,000.         
(1 of 22 retail sales last week)
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