Vizzda Weekly - week ending 12/18/15

Keeping you up-to-date with CRE deals in the Phoenix metro area
Team Vizzda would like to present Vizzda Weekly - our complimentary weekly recap of commercial real estate activity in Maricopa County. Every Monday we send out Vizzda Weekly with the number of events we reported on and cataloged along with some featured events from the previous week.
Keep in mind, this is just the tip of the iceberg. Vizzda provides in depth information for all commercial properties - Multifamily, Office, Industrial, Retail, Storage, Hospitality, Mobile Home, Senior Facilities, Golf, Hospitals, Land & Lots - in Maricopa County to our subscribers. ***VIZZDA NOW COVERS PINAL COUNTY*** Team Vizzda is pleased to announce the addition of Pinal County data to our exclusive information service. Please contact Karyn MacVean at (480) 924-2000 orkmacvean@vizzda.com for pricing and assistance.
For the week ending December 18, 2015 Last week, Vizzda researched 68 Sales events totaling $381,682,380 in transaction value. We also reported on and cataloged 2 Distressed Property notice, 21 Debt Recordings and26 Planning & Zoning events.
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What happened in LAND last week? Vizzda reported on and cataloged 11 Land Sales and 5 Debt Recordings in Maricopa County.
	Featured Land Sale: ±2.3 Acres Land Sells for $3.4M in Phoenix In an apparent non-arms-length transaction, an entity tracing to Baron Properties sold Mason Townhomes, a multifamily property on ±2.3 acres with improvements,  on 12/15/2015 to an entity tracing to Haselden Construction. Sale recorded for $3.4M with $1.7M down. Buyer entity assumes existing loan with a current balance of $1.6M; Ed and James Haselden appear to be new loan guarantors. There is a proposal to demolish the current improvements and replace them with a 33-unit town home development by Colorado Developer Baron Properties.  Vizzda subscribers - please click here for the full report.
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What happened in OFFICE last week? Vizzda reported on and cataloged 14 Office Sales, 2 Notices for Trustee Sale, 4 Debt Recordings and 3 proposed Office Planning & Zoning events in Maricopa County.
	Featured Office Sale: 3rd on Osborn (former Stewart Title Building) Sells for $3M in Phoenix Novo Development (Kurt Rosene and Justin Miller) purchased the former Stewart Title Building (now referred to as "3rd on Osborn") on 12/17/2015 from Stewart Title & Trust (former tenant) for $3M or $28.50 per SF. No demolition permits recorded as of 12/18/15. The property consists of 2.42 acres commercial land zoned C-1. There is a Proposal for demolition of existing buildings and replacement with 163-unit multi family development in eight four-story buildings. Vizzda subscribers - please click here for the full report.
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What happened in MULTIFAMILY last week? Vizzda reported on and cataloged 8 Multifamily Sales, 4 Debt Recordings and 3 proposed Multifamily Planning & Zoning events in Maricopa County.
	Featured Multifamily Sale: Valle Cita Gardens Sell for $8.5M in Phoenix Scott D. Stehman, Jeffrey C. Jones & Howard J. Aronson purchased the 146-unit apartment complex on 12/14/2015 from Richard A. Kruk, Jeffrey F. Arbetman, Michele A. Pockross, et al. for $8.5M with $1.4M down. Sale includes a future advance deed of trust with Fidelity Bank - no note amount recorded.  Vizzda subscribers - please click here for the full report.
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What happened in RETAIL last week? Vizzda reported on and cataloged 12 Retail Sales, 5 Debt Recordings and 5 proposed Retail Planning & Zoning events in Maricopa County.
	Featured Retail Sale: ±5K SF Strip Retail Property Sells for $1.7M in Mesa Jeffrey S. Geyser & Charles M. Lawrence (Lawrence & Geyser) sold the single-story building built 1971 on ±1 acres retail property 12/17/2015 for $1.7M ($351 per SF) with $465K down and an assumption of sellers' $1.5M original debt with successor beneficiary US Bank. Buyer entity traces to Stanley H. Getz of Woodland Hills. Current tenants include "Filiberto's" and "Chase Bank".  Vizzda subscribers - please click here for the full report.
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What happened in INDUSTRIAL last week? Vizzda reported on and cataloged 9 Industrial Sales, 2 Debt Recordings and 2 proposed Industrial Planning & Zoning events in Maricopa County.
	Featured Industrial Sale: ±336K SF Industrial Flex Property Sells for $36.4M in Phoenix Cornerstone Real Estate Advisers sold Lincoln Commerce Park, an industrial flex property, 12/14/2015 for $36.4M. Buyer entity traces to Colony Capital and to RiverRock Real Estate Group. The property consists of four distribution intensive buildings built 2006 on 19.05 AC zoned A-2. Subscribers - please click here for the full report.
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DISCLAIMER: The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person viewing this information to independently verify it.