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 - January 23rd, 2017

 

THE VIZZDA WEEKLY

January 23rd, 2017

 

 

Last week in Phoenix, Vizzda tracked $151,553,772 in commercial real estate transactions

including 44 sales and 6 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

New Expansion Proposed for Development at Scottsdale Airpark           On January 18th, The City of Scottsdale introduced a Site Plan for the expansion of the of the Scottsdale Airpark to include a new aviation business center totaling 23,731 square feet and aircraft hangers totaling 66,938 square feet.      (1 of 6 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Residential Land in Sun City Purchased for $1.5M   On January 13th, Gehan Homes purchased 8.94 acres of residential land in Sun City from The Empire Group for $1,525,689. The property is proposed for the development of 33 single family residential lots and three tracts.                      (1 of 14 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

Two-Story Multi-Tenant Office in Phoenix Purchased for $11.4M      On January 19th, George and Nancy Bogle purchased two 2-story office buildings and one 1-story office building totaling 112,668 square feet from Daryl Burton for $11,400,000 with $10,400,000 in cross-collateralized debt with Standard Insurance Company, maturing on February 1st, 2042.                    (1 of 12 office sales last week)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample Report

 

MULTIFAMILY

 

 

160-Unit Apartment Complex in Glendale Purchased for $25.75M   On January 12th, Rivendell Global Real Estate purchased nine 2-story buildings and one 1-story clubhouse totaling 158,361 square feet from RK Properties for $25,750,000 with $18,200,000 in new funding with Equity Standard.                     (1 of 5 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

Phoenix Storage Facility with Retail in Purchased for $4.979M   On January 13th, Westport Properties purchased three 1 & 3-story buildings totaling 60,488 square feet from CAM Properties for $4,979,000. The property includes storage facility, gas station and freestanding retail.                     (1 of 2 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

Automotive Dealership in Surprise Purchased for $10.8M       On January 12th, Earnhardt Motors purchased an automotive dealership with four buildings built on 5.84 acres from Walters Golf for $10,879,387.37 with $9,138,635.39 in cross-collateralized debt with Hyundai Capital America.                  (1 of 11 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

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The Vizzda Weekly - Phoenix - January 3rd, 2017

 

THE VIZZDA WEEKLY

January 3rd, 2017

 

 

Last week in Phoenix, Vizzda tracked $338,146,191 in commercial real estate transactions

including 40 sales and 2 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

New Residential Subdivision Proposed for Development in Scottsdale            On December 29th, The City of Scottsdale introduced a Zoning District Map Amendment for the development of a 45 lot single-family residential subdivision.    (1 of 2 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Scottsdale Land Proposed for Senior Facility Sells for $6.5M   On December 28th, Greystar purchased a 22,474 square foot showroom on 1.97 acres of land from Legacy Kierland for $6,500,000. The property is proposed for the development of a five-story, 171-unit senior facility.                   (1 of 11 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

DriveTime Automotive Corporate Office Purchased for $9.05M      On December 23rd, The Boyer Company purchased one single-story building built on 3.38 acres from Helix Properties for $9,050,000 with $1,320,000 down and $7,730,000 in new funding with Bank of Arizona.                  (1 of 14 office sales last week)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample Report

 

MULTIFAMILY

 

 

193-Unit Apartment Complex in Scottsdale Sells for $20.85M     On December 21st, Capital Real Estate purchased 25 residential buildings on 7.41 acres of land in Scottsdale from 3rd Avenue Investments for $20,850,000 with $15,632,000 in new funding with Walker & Dunlop, maturing January 1st, 2027.                 (1 of 4 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

Warehouse in Gilbert Purchased for $1.85M   On December 27th, Titan Solar Power purchased one single-story building on 1.38 acres of land in Gilbert from Cloyce Clark for $1,850,000 with $400,000 down and $1,450,000 in a new cross-collateralized loan with JP Morgan Chase Bank.                      (1 of 5 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

Pima Crossing Shopping Center in Scottsdale Sold for $46.15M       On December 29th, Karlin Real Estate purchased ten single-story buildings on 27.67 acres of land from Regency Centers for $46,150,000. The property is currently anchored by Stein Mart, PGA and Lifetime Fitness.                     (1 of 6 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

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