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 - Greater Phoenix - August 29th, 2016

THE VIZZDA WEEKLY

August 29th, 2016

Last week in Phoenix, Vizzda tracked $389,410,327 in commercial transactions including 33 sales and 17 new projects. Below are reports for five of those events.

LAND

Avondale Land Proposed for Retail Purchased for $6.345M On August 22nd, Dona Lisa Johnson purchased 2.81 acres of vacant land from Vintage Partners for $6,345,000 with $3,172,500 in new funding with Wells Fargo. Note: Land has recently been improved by 33,165 SF "Sportsman's Warehouse". See updated report for more details. (1 of 9 land sales last week) View Full Report

OFFICE

Multi-Tenant Office in Phoenix Purchased for $2.72M   On August 23rd, Design Roofing purchased a 36,672 SF office from Block Real Estate for $2,720,000 with $1,778,272 in new funding with FirstBank.    (1 of 4 office sales last week) View Full Report View PDF Report

MULTIFAMILY

Apartments Near 32nd Street and Bell Road Purchased for $3.0125M    On August 19th, Thomas Willisch purchased a 57-unit apartment complex from a trust managed by Gary and Tami Eilts for $3,012,500 with $2,260,000 in new funding with Washington Federal.     (1 of 3 multifamily sales last week) View Full Report View PDF Report

INDUSTRIAL

Industrial Yard in Lower Buckeye Purchased for $1.9M On August 25th, Lunday-Thagard Company purchased a 4.98 acre industrial property from Liquid Environmental Solutions for $1,900,000 with $50,000 down. Likely user-buyer.    (1 of 6 industrial sales last week) View Full Report View PDF Report

RETAIL

Four Retail Buildings in Chandler Purchased for $6.1M On August 19th, Diversified Partners and Berge Auto Group purchased a 4-acre, 4-building property from David Santefort for $6,100,000. Portions of the property are net-leased to Starbucks and Jack in the Box restaurants.      (1 of 11 retail sales last week) View Full Report View PDF Report

The Vizzda Weekly - Greater Phoenix - August 1st, 2016

 

THE VIZZDA WEEKLY

August 1st, 2016

 

Last week in Phoenix, Vizzda tracked $364,527,366 in commercial transactions, including45 new commercial sales and 9 new projects. Below are reports for five of those events.

 

LAND

 

 

Avondale Commercial Land Purchased for $1.625M   On July 27th, Francis & Sons Car Wash acquired this property from William Douglas Moreland of Moreland Dealerships for $1,625,000.   (1 of 7 land sales last week)   View Full Report   View PDF Report

 

OFFICE

 

 

Office Park in Tempe Purchased for $1.4M    On July 27th, Hafez Azadeh acquired this property from Tony Lofgreen for $1,400,000, with $1,400,000 in assigned debt with National Guardian Life Insurance Company.   (1 of 10 office sales last week)   View Full Report   View PDF Report

 

MULTIFAMILY

 

 

159-Unit Complex in Glendale Purchased for $6.85M   On July 26th, Diego Goldfarb of Infinity BH purchased this property from Todd Glick for $6,850,000, with $5,137,500 in new debt with Opus Bank.   (1 of 6 multifamily sales last week)   View Full Report   View PDF Report

 

INDUSTRIAL

 

 

Single Tenant Warehouse in Tempe Sold for $9.3M   On July 28th, Boyd Watterson Management acquired this property from Doug Bradley Trucking for $9,300,000.   (1 of 9 industrial sales last week)   View Full Report   View PDF Report

 

RETAIL

 

 

Bank Branch on Happy Valley Road Purchased for $3.55M   On July 22nd, Eduard Hovy and Shigeko Nariyama-Hovy purchased this property from Cypress Equities for $3.55M with $1.243M down and $2.307M new debt with Armed Forces Bank.     (1 of 13 retail sales last week)   View Full Report   View PDF Report

 

 

The Vizzda Weekly - Greater Phoenix - July 5th, 2016

The Vizzda Weekly Phoenix Edition July 5th, 2016 Last week in Phoenix, Vizzda tracked 2 new commercial projects and 64 sales totaling$522,804,737. Below are reports for five of the properties.

LAND On 6/27/2016, Robert Stehlik and Lawrence Gabriele acquired this land on for $1,222,000 with a new $4,727,998 construction loan tracing to Scott Gould and $1.0m 2nd lien with Evelyn Petersen and Edgar Stone. The property is ± 0.49 acres of vacant land and is currently proposed for a nine unit town home development. View Full Report (1 of 14 land sales)

OFFICE Desert Troon acquired this office on 6/24/2016 from Coppersmith Brockelman for $10.15M with $3.0M down and two loans: $7.0M new debt with Compass Bank and $4.2M seller-carried. The property consists of ±134K SF 2-Story Office in one building on ±7.21 acres zoned C-2. View Full Report (1 of 8 office sales)

MULTIFAMILY Resmark Companies sold this property to Wayne Howard on 6/24/2016 for $2.025M or $45,000 per unit. The property consists of 45 multifamily units in one 1-story & three 2-story buildings totaling 24,087 SF and is zoned R-4. View Full Report (1 of 14 office sales)

INDUSTRIAL On 6/30/2016, an entity tracing to Clarius Partners & Walton Street Capital purchased this property for $20M from the seller and former tenant Covance Laboratories. The property is a ±290K SF laboratory in one 2-story building on ±78.79 acres zoned PAD. View Full Report (1 of 13 industrial sales)

RETAIL Earnhardt Auto Centers purchased this property from Alice & Donald Fehrenbach on 6/27/2016 for $14,922,545 with $2,322,545 down and $12.6M debt with JPMorgan Chase Bank. The property is a ±71K SF car dealership in three single-story buildings on ±24.33 acres zoned C-3. View Full Report (1 of 15 retail sales)