The Vizzda Weekly - Phoenix - February 6th, 2017

 

THE VIZZDA WEEKLY

February 6th, 2017

 

 

Last week in Phoenix, Vizzda tracked $224,634,153 in commercial real estate transactions

including 68 sales and 25 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

New Retail Expansion Proposed for San Tan Village Mall            On February 1st, The Town of Gilbert Planning Commission introduced a Site Plan for a new multi-building retail development on 7.8 acres of land.       (1 of 25 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Vacant Land in Glendale Purchased for $4.8M     On February 1st, Garrett Walker Homes purchased 37.93 acres of vacant land in Glendale Betty Martin for $4,865,400 with $8,741,760 in new construction debt with First Continental Investment Company and $2,650,000 in new debt with Geddes and Company. The property is proposed for the development of a 187-lot single family subdivision.                       (1 of 16 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

Medical Plaza in Anthem Purchased for $10.6M      On January 31st, The Colorado Group purchased 4 office buildings on 6.12 acres of land from West Coast Capital Partners for $10,600,000 with $1,855,000 down and $8,745,000 in new debt with Capital One.                 (1 of 11 office sales last week)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample Report

 

MULTIFAMILY

 

 

175-Unit Apartment Complex in Queen Creek Purchased for $22.65M   On February 1st, Daniel Hick purchased seventeen 2-story buildings on 10.53 acres of land from Michael Pachtman for $22,650,000 with $17,000,000 in new funding with HFF, maturing February 1st, 2027.     (1 of 6 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

Flex Warehouse in Tempe Purchased for $16.4M   On January 26th, Carter Validus purchased one two-story building totaling 44,244 square feet from El Dorado Holdings for $16,400,000.                     (1 of 14 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

Freestanding Automotive Retail in Gilbert Purchased for $1.4M       On February 2nd, Ryan, David, April and Julie Gunnell purchased one single-story building totaling 4,560 square feet from LaMoine Gunnell for $1,400,000 with $420,000 down and $980,000 in new funding with MidFirst Bank.                    (1 of 16 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

Follow:

 

The Vizzda Weekly - Phoenix - December 5th, 2016

 

THE VIZZDA WEEKLY

December 5th, 2016

 

 

Last week in Phoenix, Vizzda tracked $319,712,810 in commercial real estate transactions

including 70 sales and 2 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

New Residential Subdivision Proposed for Development in Surprise       On December 1st, The City of Surprise Planning Commission introduced a major PAD amendment for the development of a 106-lot residential subdivision totaling 8.08 acres.            (1 of 2 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Commercial Land in Queen Creek Purchased for $3.9M   On November 17th, Amerco Real Estate purchased 36.93 acres of vacant commercial land in Queen Creek from Augusto Meoli for $3,914,737.                (1 of 14 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

Multi-Tenant Office in Tempe Purchased for $3.7M       On November 30th, an entity tracing to site-tenant IT1 purchased one office building totaling 20,664 square feet from Inksoft for $3,798,500 with two loans of $2,399,300 and $1,919,300 from Midfirst Bank.               (1 of 14 office sales last week)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample Report

 

MULTIFAMILY

 

 

Tempe Apartment Complex Purchased for $20.2M    On December 1st, The Sares-Regis Group purchased 18 two-story residential buildings with 144 apartment units from Gary Frost for $20,200,000 or $140,277 per unit.               (1 of 7 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

Distribution Center in Phoenix Purchased for $4.7M    On November 30th, Hopewell Development Company purchased a distribution intensive industrial building totaling 75,786 square feet from Exeter Property Group for $4,700,000.                   (1 of 18 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

Neighborhood Shopping Center in Tempe Purchased for $11.2M      On November 30th, AP Capital purchased a neighborhood shopping center totaling 100,448 square feet from West Valley Properties for $11,200,000 with $7,450,000 in new funding with UBS AG.                 (1 of 17 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

Follow:

The Vizzda Weekly - Phoenix - November 7th, 2016

 

THE VIZZDA WEEKLY

November 7th, 2016

 

 

Last week in Phoenix, Vizzda tracked $274,950,572 in commercial real estate transactions

including 55 sales and 24 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

New Movie Theater and Retail Space Proposed for Development in Gilbert       On November 2nd, The Gilbert Planning Commission introduced a Minor General Plan Amendment for the development of a mixed-use project consisting of three 2-story offices totaling 190,000 square feet, a 42,000 square foot cinema and 32,580 square feet of retail space on vacant land totaling 32.8 acres.         (1 of 24 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Vacant Land in Queen Creek Purchased for $2.12M   On October 31st, NexMetro Communities purchased 8.87 acres of vacant residential land from Willis Properties for $2,124,959. This property is part of Avilla Victoria at Queen Creek Community and is proposed for the development of an additional 225-lot master planned community.            (1 of 12 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

Great American Office Tower in Phoenix Purchased for $49M      On November 3rd, DPC Companies purchased a sixteen-story office tower totaling 378,215 square feet from EverWest Real Estate for $49,000,000 with $9,900,000 down and $39,100,000 in new funding with Washington Federal.         (1 of 10 office sales last week)   Vizzda Subscribers - Click Here to View Full Report        Click Here to View Sample Report

 

MULTIFAMILY

 

 

312-Unit Apartment Complex in Surprise Purchased for $40.6M    On October 28th, Millburn and Company purchased 13 apartment buildings on 16.33 acres from Treger Financial for $40,600,000 with $6,600,000 down and $34,000,000 in new funding with Berkadia Commercial Mortgage.              (1 of 6 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

Cold Storage Warehouse in Phoenix Purchased for $16.325M   On October 28th, Performance Food Group purchased a 149,852 square foot, fully fenced and refidgerated warehouse from AmeriCold Logistics for $16,325,000 with $500,000 down.            (1 of 8 industrial sales last week)     Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

Chinese Cultural Center in Phoenix Purchased for $10M    On November 1st, Angelo Gordon & Company purchased the 160,667 square foot retail center from BNU Corporation for $10,000,000.              (1 of 19 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

Follow: