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 9th, 2017

 

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 

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

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)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

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)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample Report

 

MULTIFAMILY

 

 

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)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

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)    Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

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)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

Follow:

 

 

The Vizzda Weekly - Phoenix - October 24th, 2016

THE VIZZDA WEEKLY October 24th, 2016     Last week in Phoenix, Vizzda tracked $223,597,057 in commercial real estate including 47 sales and 16 new projects. Below are Vizzda's top transactions of the week.          PLANNING & ZONING      Vacant Land in Gilbert Proposed for New Entertainment Venue     On October 20th, The Gilbert Town Council Introduced a Final Plat at public meeting for a 50,131 square foot entertainment venue in Gilbert.       (1 of 16 planning & zoning events last week)     Vizzda Subscribers - Click Here to View Full Report   LAND     Commercial Land in Tempe Purchased for $1.8M   On October 20th, Panera Bread Company purchased 2.64 acres of commercial land for the development of a 4,133 square foot retail building for Panera Bread Company for $1,841,716.00.         (1 of 18 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample PDF Report     OFFICE     Medical Office in Maricopa Purchased for $3.5M      On October 7th, John & Linda Peterson purchased one single-story building on 1.45 acres from Harper Mathews for $3,500,000 with $950,000 down and $2,550,000 in funding with Washington Federal.         (1 of 9 office sales last week)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample PDF Report   MULTIFAMILY     RV Park in Buckeye Purchased for $7.75M   On October 18th, Daniel Williamson purchased a 377-space RV park on 34.07 acres in Buckeye from Sandra Catalina, Craig Swanson and Linda Perkins for $7,750,000 with $2,635,000 down and $5,115,000 in seller-carry debt.            (1 of 5 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample PDF Report   INDUSTRIAL     Single-Tenant Warehouse in Tempe purchased for $1.38M   On October 18th, Arizona Jobbers Supply purchased a 16,590 square foot warehouse from Scott and Heather Aswege for $1,385,230.             (1 of 5 industrial sales last week)   Vizzda Subscribers Click Here to View Full Report   Click Here to View Sample PDF Report   RETAIL     Former Grocery Store in Phoenix Purchased for $650K    On October 19th, Vegas International Properties Realty Group purchased a 13,750 square foot grocery store in a retail strip center from Fortress Investment Group for $650,000.           (1 of 9 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample PDF Report       Follow: