Monday, March 13, 2017

The Vizzda Weekly - Phoenix - March 13th, 2017

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THE VIZZDA WEEKLY
March 13th, 2017
 
 
Last week in Phoenix, Vizzda tracked $94,025,656 in commercial real estate transactions
including 42 sales and 7 new projects. Below are Vizzda's top reports of the week. 
 
 
 
 
PLANNING & ZONING 
 
 
Spotlight
1,260-Lot Marbella Ranch Proposed Near El Mirage and Northern Avenue   
 
A variance request was introduced to the Maricopa County Board of Supervisors for a 1,260-lot single family residential subdivision on 359.5 acres of unincorporated land near El Mirage and Northern Avenue.
 
(1 of 7 planning & zoning events last week)
 
LAND
 
 
Spotlight
15 Acres Proposed for Vedura Plaza Del Rio Sells for $4 Million
 
Vedura Residential purchased 15 acres in Peoria proposed for the Vedura Plaza Del Rio 100-unit apartment complex.
                 
(1 of 10 land sales last week)
 
 
 
OFFICE
 
 
Spotlight
Surprise Medical Plaza Sells for $8.7 Million
    
Florida-based International Rail Partners purchased this 34,000 square foot, two-story medical office on 3/9.
            
(1 of 7 office sales last week)
 
 
 
MULTIFAMILY
 
 
Spotlight
54-Unit Parkside Apartments in Avondale Sell to A Plus Management
 
A Plus Management purchased this apartment complex for $3.75 million on 3/8 from Robert & Mary Myers of California.
 
(1 of 3 multifamily sales last week)
 
 
INDUSTRIAL
 
 
Spotlight
Riverpoint Building IV Sells to Michigan-Based Investor
 
West Second Street Associates purchased the over 93,000-square foot warehouse Riverpoint Building IV on 3/7 for $8,767,500 from LNR Partners.
                   
(1 of 11 industrial sales last week)
 
 
RETAIL
 
 
Spotlight
Canada-Based Investors Purchase Convenience Center near Deer Valley Airport
   
Canada-based Hopewell Development Company purchased the 33,550 square foot Flight Center convenience retail property at 615 W Deer Valley Road for $4.5 million.
             
(1 of 11 retail sales last week)

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