Last week in Phoenix, Vizzda tracked $441,673,568 in commercial real estate transactions
including 68 sales and 12 new projects. Below are Vizzda's top reports of the week.
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New Outdoor Performance Pavilions Proposed for Development in Scottsdale
On November 14th, The Scottsdale City Council introduced a Site Plan Amendment for the development of two new outdoor performance pavilions on 10.75 acres of land.
(1 of 12 planning & zoning events last week)
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Agricultural Land in Eloy Purchased for $14M
On November 2nd, Wood Creek Capital Management purchased 2,887 acres of agricultural land in Eloy from Mick Schlehuber for $14,000,000.
(1 of 17 land sales last week)
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Four-Story Office in Phoenix Purchased for $12.625M
On November 15th, Make-A-Wish Foundation of Arizona purchased a four-story office building with sub-grade parking from Griffin Partners for $12,625,000.
(1 of 12 office sales last week)
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Extended Stay Hotel in Chandler Purchased for $6.675M
On November 16th, Advanced Management & Investment purchased a 100-unit hotel on 3.34 acres of land in Chandler from Wyndham Worldwide for $6,675,000 with new financing of $480,000 and $3,705,000 through Bank of Hope.
(1 of 13 multifamily sales last week)
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Manufacturing Facility in Goodyear Purchased for $42.85M
On November 17th, Huhtamaki purchased an 151 acre manufacturing distribution facility with 20,000 square feet of office space and 51 dock doors from Cohen Asset Management for $42,850,000.
(1 of 11 industrial sales last week)
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Freestanding Retail Building in Mesa Purchased for $3.15M
On November 15th, Joy Miller purchased one multi-tenant building totaling 6,065 square feet from Michael Tenuta for $3,150,000 with $1,350,000 in new funding with Wells Fargo Bank.
(1 of 15 retail sales last week)
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