THE VIZZDA WEEKLY
December 5th, 2016
Last week in Phoenix, Vizzda tracked $319,712,810 in commercial real estate transactions
including 70 sales and 2 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Residential Subdivision Proposed for Development in Surprise
On December 1st, The City of Surprise Planning Commission introduced a major PAD amendment for the development of a 106-lot residential subdivision totaling 8.08 acres.
(1 of 2 planning & zoning events last week)
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LAND
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Commercial Land in Queen Creek Purchased for $3.9M
On November 17th, Amerco Real Estate purchased 36.93 acres of vacant commercial land in Queen Creek from Augusto Meoli for $3,914,737.
(1 of 14 land sales last week)
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OFFICE
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Multi-Tenant Office in Tempe Purchased for $3.7M
On November 30th, an entity tracing to site-tenant IT1 purchased one office building totaling 20,664 square feet from Inksoft for $3,798,500 with two loans of $2,399,300 and $1,919,300 from Midfirst Bank.
(1 of 14 office sales last week)
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MULTIFAMILY
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Tempe Apartment Complex Purchased for $20.2M
On December 1st, The Sares-Regis Group purchased 18 two-story residential buildings with 144 apartment units from Gary Frost for $20,200,000 or $140,277 per unit.
(1 of 7 multifamily sales last week)
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INDUSTRIAL
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Distribution Center in Phoenix Purchased for $4.7M
On November 30th, Hopewell Development Company purchased a distribution intensive industrial building totaling 75,786 square feet from Exeter Property Group for $4,700,000.
(1 of 18 industrial sales last week)
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RETAIL
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Neighborhood Shopping Center in Tempe Purchased for $11.2M
On November 30th, AP Capital purchased a neighborhood shopping center totaling 100,448 square feet from West Valley Properties for $11,200,000 with $7,450,000 in new funding with UBS AG.
(1 of 17 retail sales last week)
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