THE VIZZDA WEEKLY
November 14th, 2016
Last week in Phoenix, Vizzda tracked $255,663,937 in commercial real estate transactions
including 42 sales and 19 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Coffee Shop Proposed for Development in Mesa
On November 8th, The City of Mesa Design Review Board continued a preliminary review during a public meeting for the development of 670 square foot coffee shop.
(1 of 24 planning & zoning events last week)
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LAND
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Vacant Land in Peoria Proposed for Senior Facility Purchased for $3.2M
On November 7th, Heritage Communities purchased 6.69 acres of vacant land from Christ's Church of the Valley for $3,241,664 and is proposed for a 116-bed assisted living facility.
(1 of 6 land sales last week)
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OFFICE
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Multi-Tenant Office in Scottsdale Purchased for $14.7M
On November 8th, Kramer-Wilson Company purchased three 1 & 2-story office buildings totaling 62,337 square feet from Cornwell Corporation for $14,700,000.
(1 of 10 office sales last week)
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MULTIFAMILY
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Mobile Home Park in Eloy Purchased for $2.65M
On October 26th, George McGavin purchased a 149-space RV park built on 12.19 acres from Marvin Sampson for $2,650,000 with $795,000 down and $1,855,000 in new debt with Bank of Hemet.
(1 of 4 multifamily sales last week)
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INDUSTRIAL
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Warehouse in Peoria Purchased for $3.9M
On November 8th, Ryan Wood and Chris Finn purchased one warehouse building totaling 81,197 square feet from David Bernard, Susan Wagner, et at., for $3,900,000 with $2,925,000 in new funding with First Western Trust Bank.
(1 of 7 industrial sales last week)
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RETAIL
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LA Fitness in Scottsdale Purchased for $9.85M
On November 3rd, David Norouzi purchased one 2-story single-tenant building totaling 44,374 square feet from Warmington Properties for $9,850,000 with $5,650,000 in new funding with Parkview Financial.
(1 of 15 retail sales last week)
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