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
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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)
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LAND
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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)
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OFFICE
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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)
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MULTIFAMILY
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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)
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INDUSTRIAL
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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)
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RETAIL
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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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