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 14th, 2017

THE VIZZDA WEEKLY

February 14th, 2017

Last week in Phoenix, Vizzda tracked $95,619,083 in commercial real estate transactions

including 40 sales and 15 new projects. Below are Vizzda's top reports of the week. 

 

PLANNING & ZONING 

New 146-Lot Sun City Festival Subdivision Proposed for Buckeye  On February 7th, the Buckeye City Council introduced a replat titled "Sun City Festival Parcel 1" for 146 age-restricted single family homes in Buckeye.    (1 of 15 planning & zoning events last week) Vizzda Subscribers - Click Here to View Full Report

LAND

Proposed Austin Ranch Parcel 4 Sells in Surprise  On February 9th, 36.5 acres of land in Surprise proposed for 138 single family lots sold to Courtland Communities for just under $7 million. This was a related sale between two Courtland Communities entities.                   (1 of 11 land sales last week) Vizzda Subscribers - Click Here to View Full Report

OFFICE

Two Office Buildings in Anthem Sell to Church      Crossroads Church purchased the two office buildings at 42101 N 41st Dr in Anthem for $3.725 million. This is likely a user-buyer transaction.              (1 of 7 office sales last week) Vizzda Subscribers - Click Here to View Full Report

MULTIFAMILY

Sonora Canyon Apartments in Mesa Sell for over $40 Million On February 10th the 388-unit Sonora Canyon Apartments in Mesa sold for $40.7 million to The Praedium Group and LivCor. Seller traces to Aetna Realty. (1 of 1 multifamily sales last week) Vizzda Subscribers - Click Here to View Full Report

INDUSTRIAL

US Storage Centers Buys West Glendale Self Storage On February 9th US Storage Centers purchased the 98,824 SF West Glendale Self Storage for $6.7 million. The sale was funded by a new loan with Wells Fargo Bank.                     (1 of 4 industrial sales last week)   Vizzda Subscribers - Click Here to View Full Report

RETAIL

Anchor Building "Van's Golf Shop" Sells for $4.2 Million     On February 3rd, the "Van's Golf Shop" freestanding anchor in Scottsdale sold for $4.2 million to California investor Alan Morris. The sale was funded by a new loan of $2,775,000 with JP Morgan Chase Bank.               (1 of 7 retail sales last week) Vizzda Subscribers - Click Here to View Full Report

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: