THE VIZZDA WEEKLY
January 9th, 2017
Last week in Phoenix, Vizzda tracked $165,358,929 in commercial real estate transactions
including 55 sales and 30 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Hotel and Restaurant Proposed for Development in Phoenix
On January 5th, The City of Phoenix Planning Commission introduced a Planned Unit Development at a public meeting for a 120-unit, 4-story hotel with ground floor restaurant.
(1 of 30 planning & zoning events last week)
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LAND
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Speculative Land in Florence Purchased for $6.5M
On December 21st, Jokake purchased 174 acres of speculative land in Florence from Southwest Value Partners for $6,511,775.
(1 of 20 land sales last week)
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OFFICE
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Multi-Tenant Office in Mesa Purchased for $2.25M
On January 3rd, Ken Goldman purchased two multi-tenant buildings totaling 21,983 square feet from Danny Wasson for $2,250,000 with $1,421,000 in new funding with Wells Fargo.
(1 of 6 office sales last week)
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MULTIFAMILY
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Mobile Home Park in Apache Junction Purchased for $1.5M
On December 22nd, Steve Olson purchased a 37 space mobile home community on 3.36 acres of land in Apache Junction from Allain Cailer for $1,500,000 with $525,000 down and $975,000 seller-carry debt.
(1 of 4 multifamily sales last week)
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INDUSTRIAL
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Industrial Flex Warehouse in Tempe Purchased for $9.5M
On January 5th, Dividend Capital and Industrial Property Trust purchased one building built on 6.25 acres of land in Tempe from LBA Realty for $9,500,000.
(1 of 7 industrial sales last week)
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RETAIL
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Strip Retail in Phoenix Purchased for $4.875M
On January 4th, The Van Tuyl Group purchased one single-story building totaling 12,257 square feet from David Loaney for $4,875,000. Current tenants include Pita Jungle and Lola Coffee.
(1 of 18 retail sales last week)
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