THE VIZZDA WEEKLY
January 17th, 2017
Last week in Phoenix, Vizzda tracked $251,531,428 in commercial real estate transactions
including 59 sales and 6 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Residential Subdivision Proposed for Development in Queen Creek
On January 11th, The Queen Creek Planning Commission introduced a Preliminary Plat for the development of 532-lot single family residential subdivision.
(1 of 6 planning & zoning events last week)
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LAND
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Raw Land Near Lake Pleasant Purchased for $35M
On January 9th, Avanti Properties Group purchased 1,083.67 acres of raw land from Sabal Financial Group for $35,000,000. The property is proposed for the development of 6,561 residential units, two elementary schools and three public parks.
(1 of 17 land sales last week)
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OFFICE
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Two-Story Office in Glendale Purchased for $5.885M
On January 10th, Helm, Livesay and Worthington purchased one 2-story building and one 1-story building totaling 37,693 square feet from Bradley Wilcox, et al., for $5,885,000.
(1 of 6 office sales last week)
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MULTIFAMILY
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Tempe Apartment Complex Purchased for $7.5M
On January 11th, ReNUE Properties purchased a 110-unit apartment complex built on 2.81 acres for $7,539,729 with $1,697,297 down and the assumption of seller-carry loans.
(1 of 7 multifamily sales last week)
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INDUSTRIAL
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Airpark Hanger in Chandler Purchased for $1.95M
On January 11th, John Morotti purchased an aircraft hanger in Chandler with a 2-story office from Jeff & Lisa Mark for $1,950,000. The property has three hanger doors with runway access to Stellar Airpark.
(1 of 13 industrial sales last week)
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RETAIL
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Community Center in Phoenix Purchased for $41.335M
On January 10th, Goldman Sachs purchased twelve 1-story multi-tenant buildings built on 33.28 acres from Northstar Asset Management Group for $41,335,000.
(1 of 16 retail sales last week)
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