THE VIZZDA WEEKLY
February 21st, 2017
Last week in Phoenix, Vizzda tracked $217,789,209 in commercial real estate transactions
including 55 sales and 25 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
382-Lot Residential Subdivision Proposed for Baseline Rd in Phoenix
The City of Laveen Village Planning Committee introduced a rezoning application for the 382-lot Santolina at South Mountain subdivision on 2/13/17.
(1 of 25 planning & zoning events last week)
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LAND
Metro 101 Land Sells for $3,909,250
4.3 acres of land in Tempe proposed for the 202-unit Metro 101 apartment complex sold to Next Capital Management on 2/16.
(1 of 19 land sales last week)
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OFFICE
Alaska Bank Purchases Talavi Tech Center
The Talavi Tech Center in Glendale sold for $17,245,000 on 2/15 to Alaska USA Federal Credit Union. Seller traces to West Coast Capital Partners.
(1 of 6 office sales last week)
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MULTIFAMILY
Brentwood Apartments Sell for over $14 Million
The 224-unit Brentwood Apartments in Phoenix sold for $14.35 million to Dalan Management on 2/13. Sale was funded by a $10 million loan with New York Community Bank.
(1 of 5 multifamily sales last week)
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INDUSTRIAL
37,000 SF Warehouse Sells for $4.75 Million
The warehouse at 1733 W Parkside Lane in Phoenix sold on 2/10 to Los Angeles-based Marshall Fried for $4.75 million.
(1 of 10 industrial sales last week)
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RETAIL
Living Spaces Purchases Freestanding Anchor in Gila Bend
The 98,400 square foot anchor recently built at 2300 S San Tan Village Parkway sold to tenant Living Spaces for over $14.8 million on 2/13. Ryan Companies US was the seller in this transaction.
NOTE: map does not reflect recent improvements.
(1 of 15 retail sales last week)
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