THE VIZZDA WEEKLY
March 6th, 2017
Last week in Phoenix, Vizzda tracked $345,634,205 in commercial real estate transactions
including 74 sales and 12 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New Subdivision of 537 Lots Coming to Buckeye
The Buckeye Planning and Zoning Commission introduced a preliminary plat for a 537-lot residential subdivision on ±139 acres in Buckeye.
(1 of 12 planning & zoning events last week)
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LAND
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Monolith Development Buys Land Proposed for Self Storage
2.38 acres of Ahwautukee land sold on February 24th to Monolith Development. The land is proposed for a ±105,000 square feet self storage facility with a conjoined basement level.
(1 of 13 land sales last week)
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OFFICE
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Three-Story Office on Camelback Road Sells for $24,650,000
Lincoln Property Company purchased the 3-story office at 2777 E Camelback Road for $24.65 million on March 2nd from DRA Advisors.
(1 of 18 office sales last week)
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MULTIFAMILY
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Tempe Student Housing Sells for over $53 Million
The 225-unit student housing property Regents on University sold to Oxford Properties / Preferred Apartment Communities for $53,325,000 with $1 million down. Sale was funded by a $300 million line of credit with Keybank.
(1 of 13 multifamily sales last week)
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INDUSTRIAL
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95,000 Square Foot Distribution Warehouse Sells for over $7 Million
Cohen Asset Management sold the ±95,000 square foot warehouse at 2021 E Jones Ave to local company S & M Moving Systems for $7,068,932, financed with cross-collateralized note with Ameritas Life Insurance Corp.
(1 of 14 industrial sales last week)
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RETAIL
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Casa Grande Shopping Center Anchor Sells for nearly $4.5 Million
California-based investor Amir Fateh Amirian purchased the 23,500 square foot co anchor of the Casa Grande Shopping Center on February 21st. Hinkson Company sold the property for $4,450,000, and the sale was funded by $500k debt with US Bank.
(1 of 16 retail sales last week)
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