The Vizzda Weekly - Phoenix - March 27th, 2017

 

THE VIZZDA WEEKLY

March 27th, 2017

 

 

Last week in Phoenix, Vizzda tracked $162,039,201 in commercial real estate transactions

including 53 sales and 7 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

Final Plat Introduced for Layton Lakes Village Commercial Development in Chandler      The Chandler City Council introduced a Final Plat last Thursday for the commercial development Layton Lakes Village, as part of the Layton Lakes master planned community.   (1 of 7 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

66 Lots of Ritz-Carlton Parcel B Sell for $45 Million   Shea Homes acquired 66 platted and engineered lots of Ritz-Carlton Parcel B residential development, which totals 23.85 acres with typical lot dimensions of 80' x 125'.                   (1 of 13 land sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

Unit 4 of Sonoran Corporate Center in Scottsdale Transacts for over $5 Million      Cass Construction purchased this 2-story office building for $5,525,000 funded by $3.45 million in new debt with Standard Insurance Company.              (1 of 12 office sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

505 West Apartments in Tempe Purchased for over $37 Million   Aragon Holdings purchased this 334-unit apartment complex for $37.25 million last Tuesday from FPA Multifamily, funded by $26.8 million debt with NorthMarq Capital.   (1 of 13 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

Parkside Lane Warehouse Sells for over $2 Million   The 15,700 square foot warehouse at 2215 W Parkside Ln in Phoenix sold for $2,191,000 to local investor Dennis Schroeder. This single-tenant building was built in 2005 on 1 acre.                     (1 of 13 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report

 

RETAIL

 

 

Long Beach Investor Purchases Walgreens on Main Street in Mesa     Ronaldo J Bennett of Long Beach, California purchased the freestanding Walgreens retail at 2024 W Main Street in Mesa for over $5.6 million. Seller traces to Weissberg Corp.               (1 of 3 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report

The Vizzda Weekly - Phoenix - March 20th, 2017

 

THE VIZZDA WEEKLY

March 20th, 2017

 

 

Last week in Phoenix, Vizzda tracked $199,554,762 in commercial real estate transactions

including 58 sales and 18 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

Hotel Addition Proposed for CopperWynd Resort & Club in Fountain Hills     The Fountain Hills Town Council introduced a Development Agreement on March 16th which includes proposed redeveleopment with a 300-room hotel, conference facility, restaurant, and other uses.   (1 of 18 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Dollar Self Storage Buys Land Proposed for New Peoria Facility   For $1.9 million, Dollar Self Storage purchased 4.5 acres near the northwest corner of Lake Pleasant Parkway and Pinnacle Peak Road. The site is proposed for a 901-unit storage facility.                   (1 of 15 land sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

±10,000 Square Foot Scottsdale Medical Office Purchased by Cave Creek Investor      The medical offices at 2255 N Scottsdale Road sold on March 10th for $3.9 million. The property was built 1988 at the southeast corner of Scottsdale Road and Oak Street.              (1 of 7 office sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

Terrace Park Apartments in Phoenix Sell for $14,250,000   Canada-based investors Western Wealth Capital purchased the Terrace Park Apartments Thursday for $14.25 million, funded by a Freddie Mac loan of $10.7 million.   (1 of 13 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

21,938 Square Feet of Industrial Flex Sells for over $2 Million   An investor from Wisconsin purchased Lot 7 of University Industrial Park in Tempe for just over $2 million. The property totals over 20,000 square feet and was built in 1983.                     (1 of 11 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report

 

RETAIL

 

 

Local Investor Pays over $4 Million for New Raising Cane's Restaurant     A Paradise Valley investor purchased the new Raising Cane's near Bell Road and 12th St from developer Evergreen Development Company for $4,105,000.               (1 of 13 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report

The Vizzda Weekly - Phoenix - March 13th, 2017

 

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 

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

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)    Vizzda Subscribers - Click Here to View Full Report

 

RETAIL

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

The Vizzda Weekly - Phoenix - February 27th, 2017

 

THE VIZZDA WEEKLY

February 27th, 2017

 

 

Last week in Phoenix, Vizzda tracked $161,182,558 in commercial real estate transactions

including 37 sales and 2 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

Discount Tire Coming to 91st Avenue in Peoria     On 2/21 the Peoria City Council introduced a Final Plat for a future Discount Tire facility north of the northeast corner of 91st and Northern Avenues.   (1 of 2 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Meritage Homes Purchases ±15 Acres Proposed for Residential Condos   ±15 acres at the northeast corner of McQueen and Ocotillo Roads in Chandler sold to Meritage Homes for $4,036,352 on 2/21. The land is proposed for a 111-unit residential condominium.                   (1 of 8 land sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

US Pipeline Buys 16-Story CBIZ Plaza in Phoenix      Houston-based company US Pipeline purchased the 16-story CBIZ Plaza office tower on 2/21. LNR Partners sold the property for $26 million.              (1 of 9 office sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

Tierra Del Sol Apartments in Mesa Sell for over $31 Million   The 276-unit Tierra Del Sol apartment complex in Mesa sold to Bridge Investment Group Partners on 2/23. Acacia Capital Corp sold the complex for $31,050,000.   (1 of 4 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

Warner Crossing Industrial Flex Property Sells for $3.95 Million   The 35,665 SF industrial flex office "Warner Crossing Lot 1A" sold on 2/23 to David Bourguignon of Mission Viejo, California for $3.95 million. The seller, Denali National Trust, previously acquired property on 8/2/13 for $2.4 million.                     (1 of 5 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report

 

RETAIL

 

 

Walmart Supercenter Anchor Sells for $14.4 Million     California investor Abbie Behar purchased the Desert Palms Walmart Supercenter on 2/27 for $14.4 million. Seller traces to Sarofim Realty Advisors.               (1 of 11 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report