The Vizzda Weekly - Phoenix - March 6th, 2017

 

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 

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

OFFICE

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

MULTIFAMILY

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

 

INDUSTRIAL

 

 

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)    Vizzda Subscribers - Click Here to View Full Report

 

RETAIL

 

 

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)   Vizzda Subscribers - Click Here to View Full Report

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

 

 

 

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The Vizzda Weekly - Phoenix - December 27th, 2016

 

THE VIZZDA WEEKLY

December 27th, 2016

 

 

Last week in Phoenix, Vizzda tracked $581,232,749 in commercial real estate transactions

including 74 sales and 15 new projects. Below are Vizzda's top reports of the week. 

 

 

 

 

PLANNING & ZONING 

 

 

New Residential Subdivision Proposed for Development in Mesa           On December 21st, The Mesa Planning Commission introduced a Site Plan Review for the development of a 50-lot residential subdivision on Power and Thomas Road.              (1 of 15 planning & zoning events last week)   Vizzda Subscribers - Click Here to View Full Report

 

LAND

 

 

Scottsdale Land Proposed for 684-Unit Multifamily Project Purchased for $36M   On December 22nd, iStar Financial and Meritage Homes purchased residential land in Scottsdale from iStar Financial for $36,000,000 with $9,000,000 down and $27,000,000 in new funding with iStar Financial.                  (1 of 23 land sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

OFFICE

 

 

Two-Story Office in Tempe Purchased for $15.15M       On December 22nd, Century National Insurance Company purchased two 2-story buildings totaling 105,000 square feet from DPC Companies for $15,150,000.                 (1 of 9 office sales last week)   Vizzda Subscribers - Click Here to View Full Report      Click Here to View Sample Report

 

MULTIFAMILY

 

 

330-Unit Condominium Complex in Scottsdale Purchased for $51M     On December 22nd, MG Properties purchased 30 two-story buildings totaling 246,144 square feet from Rockwood Capital for $51,000,000 with $33,206,000 in new funding with Keybank.                 (1 of 10 multifamily sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

INDUSTRIAL

 

 

Safeway Distribution Center in Tempe Purchased for $40M   On December 16th, Harrison Properties purchased a 778,374 square foot distribution warehouse on 2.08 acres from Safeway, as a sale-leaseback for $40,000,000 with $17,950,000 down and $26,850,000 in new funding with BMO Harris Bank.                      (1 of 12 industrial sales last week)    Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

RETAIL

 

 

Neighborhood Shopping Center in Wickenburg Purchased for $6.05M       On December 19th, Sam Lamonica purchased one multi-tenant retail building totaling 61,637 square feet from Darrel Stadel for $6,050,000 with $4,046,000 in new funding with The Biltmore Bank of Arizona.                    (1 of 20 retail sales last week)   Vizzda Subscribers - Click Here to View Full Report   Click Here to View Sample Report

 

 

 

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