State: Arizona - AZ
Lincoln Affiliate to Break Ground for 986,600-SF Industrial Property in Tucson, Ariz.
Commercial Property Executive An affiliate of Lincoln Property Co. will break ground soon for I-10 International, a four-building industrial property with 986,600 square feet in Tucson, Ariz. The Dallas developer is building the $260 million project at the southeast corner ...
Northwestern Mutual Lends $65Mln Against Phoenix Apartments
Commercial Real Estate Direct Staff Report Northwestern Mutual Life Insurance Co. has provided $65 million of mortgage financing against Skyline Lofts, a 332-unit apartment property in Phoenix. The 10-year loan, which amortizes on a 30-year schedule, was arranged by Northmarq. ...
Chandler, Ariz., Self-Storage Property Sells for $25.5Mln
AZ Big Media An affiliate of SmartStop Self Storage has paid $25.5 million, or $169.70/sf, for the 150,260-square-foot self-storage property at 12220 East Riggs Road in Chandler, Ariz. The Ladera Ranch, Calif., company purchased the property from an affiliate of ...
Logistics Company Fully Leases 90,522-SF Industrial Property in Tempe, Ariz.
AZ Big Media Logistics company KOAM has fully leased the 90,522-square-foot industrial property at 9310 South McKemy St., in Tempe, Ariz. The company was represented in the lease by SIOR, while Cushman & Wakefield represented the owner of the property, ...
Webster Bank Lends $45Mln for Purchase of Buckeye, Ariz., Industrial Property
Commercial Real Estate Direct Staff Report Webster Bank has provided a $45 million loan to facilitate the $130 million, or $150.70/sf, purchase of 10 West Commerce Park, a 862,622-square foot industrial property in Buckeye, Ariz. A venture of Intercontinental Real ...
100-Unit Apartment Property in Phoenix Sells for $21Mln
Commercial Real Estate Direct Staff Report Summit on Thomas LLC has paid $21 million, or $210,000/unit, for the 100-unit Rise on Thomas apartment property in Phoenix. The investor group, managed by Jay Trygstad and Teresa Hei of Millbrae, Calif., purchased ...
Phoenix Development Site Sold; Industrial Space, Apartments Planned
Phoenix Business Journal Leon Capital Group has bought more than 140 acres in Phoenix for a planned apartment and industrial project. The Dallas investment company paid $39.5 million for the site, near the Loop 202 Freeway and Dobbins Road. A ...
HSBC Bank Lends $43.5Mln for Purchase of Scottsdale, Ariz., Apartments
Commercial Real Estate Direct Staff Report HSBC Bank has provided $43.5 million of financing to facilitate Cortland's purchase of Centerra, a 202-unit apartment property in Scottsdale, Ariz. The Atlanta investor bought the property for $74.75 million, or $370,049/unit, from a ...
Starwood Lends $61.7Mln for Purchase of Phoenix Apartment Property
Commercial Real Estate Direct Staff Report Starwood Property Trust has provided $61.7 million of financing for Rise48 Equity LLC's purchase of Waterfront, a 288-unit apartment property in Phoenix. The local investor paid $75.3 million, or $261,458/unit, to acquire the property ...
704,472-SF Industrial Property Planned Near Phoenix
AZ Big Media Mohr Capital is planning to build Summit Business Park, a two-building industrial property with a combined 704,472 square feet in Surprise, Ariz. The Dallas developer is building the property on a 46.26-acre site at the intersection of ...
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