Arizona Commercial Real Estate News

Phoenix/Tucson Commercial Real Estate News From CoStar Group

11/22/2017 4:49:25 AM

Piedmont Pointe II in Bethesda, MDAs part of its ongoing strategy to focus on owning Class A office properties in select submarkets primarily within eight major Eastern U.S. office markets, Piedmont Office Realty Trust (NYSE:PDM) said it is in the process of selling 14 office buildings across the country to two different buyers for a total minimum gross sales price of approximately $425.9 million. The properties total 2.6 million square feet and...

11/17/2017 12:00:55 AM

The following companies announced personnel moves this week: Crow Holdings, Newmark Knight Frank, JLL, Avison Young, Kidder Matthews, Transwestern, JAG and Cushman & Wakefield | Thalhimer.img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;} img.ponthree{display: block; padding: 5px; width: 60%; max...

11/7/2017 12:59:40 AM

Bean Investment Real Estate acquired The Solano Village Apartments at 5220 W. Northern Ave. in Glendale, AZ for $24 million, or about $92,000 per unit, from a private investor. The 185,504-square-foot multifamily building was built in 1979. The complex features many amenities such as a clubhouse, a pool, tennis courts, a game room and a movie theater. Bill Hahn, Trevor Koskovich and Jesse Hudson of Colliers International represented both parties...

11/7/2017 12:55:00 AM

Bean Investment Real Estate acquired the Biltmore Pointe Apartments located at 2928 E. Osborn Rd. in Phoenix, AZ from the Braun Apartment Group for $21.25 million, or about $71,000 per unit. The 266,564-square-foot multifamily building was built in 1971 in the Biltmore MF submarket. Todd Braun and Bryson Fricke of Lee & Associates represented the seller. The buyer handled the sale in-house. Please refer to CoStar COMPS #4045336 for more...