Local News

  • Newport Mesa Apartment Homes Sells for $8.37 Million

    November 25, 2014

    Cassidy Turley announced today the sale of Newport Mesa, a 156-unit apartment community in Mesa, AZ. Southern Avenue 156 Community, LLC (Unity Pacific Residential) purchased the property for $8.37 million ($53,686/unit) from Newport Mesa Apartments, LLC (Maxx Properties).
  • Regent Properties Purchases 90 Mountain View for $34.6 Million

    November 25, 2014

    Cassidy Turley announced today that Los Angeles based Regent Properties, a multi-faceted real estate investment company, has acquired 90 Mountain View, a 183,644 square foot office project located at 9977-9999 N. 90th Street in Scottsdale, AZ, for $34.6 million ($188.41 per square foot). The seller was Principal Real Estate Investors, one of the largest institutional real estate managers in the United States.
  • Canadian Investor Purchases Palm Valley Office Park I & II for $15.35 Million

    October 31, 2014

    Cassidy Turley announced that Kootenay Holdings, a private investor, has acquired Palm Valley Office Park I & II, a 83,575 square foot office project located at 1616 North Litchfield Road and 1646 North Litchfield Road in Goodyear, AZ, for $15.35 million ($183.67 per square foot).
  • Hayden House Tempe, LLC Purchases Mill and Rio Salado Site

    October 31, 2014

    Cassidy Turley announced that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (Douglas Wilson, Chairman and CEO), Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, (Jeff Wenaas, President) and Los Angeles-based Karlin Real Estate closed on 2.51 acres at the southwest corner Mill Avenue and Rio Salado Parkway in Tempe, AZ for $16,875,000.
  • Gateway Office Center Sells for $3M

    October 27, 2014

    Cassidy Turley announced the $3 million ($95.06/psf) sale of Gateway Office Center located at 4130 E. Van Buren Ave. in Phoenix. Garnett Capital Corporate from Victoria, British Columbia, purchased the ±31,557 square foot property from Brentwood Gateway Center (Victorville, CA.).
  • DCT Industrial Trust Acquires Tempe Warehouse Portfolio for $26.44 Million

    October 27, 2014

    Cassidy Turley announced that DCT Industrial Trust has acquired a three property warehouse portfolio from a Chicago-based global investment manager for $26.44 million.
  • Hartford Place in Scottsdale, AZ, Sells for $7M

    October 17, 2014

    Cassidy Turley announced the $7 million ($104.79/psf) sale of Hartford Place located at 8388 E. Hartford Drive in Scottsdale, AZ. Locally based Hartford Exchange, LLC and Reems & Greenway LLC purchased the ±66,800 square foot property from Newport Beach, CA-based Buchanan Street Partners (Newport Beach, CA).
  • Hines Purchases Elevation Chandler Site for $8.25M

    October 15, 2014

    Cassidy Turley announced the sale of a 10.55-acre site at the northwest corner of Loop 101 and Loop 202 Freeways in Chandler, AZ. Hines Interests Limited Partnership purchased the former Elevation Chandler site for $8.25 million. The seller was Price & Frye Investments, LLC.
  • New York Investor Purchases Flagstaff, AZ, Retail Property for $11.69M

    October 14, 2014

    Cassidy Turley announced that Rosenthal & Rosenthal, Inc., through its affiliate Broadway Tenth/Flagstaff, LLC, purchased a retail property leased to Whole Foods in Flagstaff, AZ, for $11.69 million.
  • Eastpoint Business Center in Chandler, AZ, Sells for $6.5M

    October 10, 2014

    Cassidy Turley announced the $6.5 million ($84.08/psf) sale of Eastpoint Business Center located at 3191 N. Washington Street in Chandler, AZ.
  • Marbella Ranch Closes on ±352 Acres at El Mirage and Northern

    October 09, 2014

    Cassidy Turley announced the sale of ±352 acres on the southwest corner of El Mirage and Northern Avenue in Maricopa County to Marbella Ranch Limited Partnership.
  • The Village at Gateway Pavilions in Avondale, AZ, Sells for $23.15M

    October 08, 2014

    Cassidy Turley announced the sale of The Village at Gateway Pavilions, a 240-unit apartment community located at 1700 N. 103rd Avenue in Avondale, AZ.
  • Superstition Commerce Park in Mesa, AZ, Sells for $8.8 Million

    October 07, 2014

    Cassidy Turley announced the sale of Superstition Commerce Park, a 15.97-acre industrial project west of the northwest corner of U.S. Highway 60 and Sossaman Road.
  • Michael Hackett and Ryan Schubert Win CEM 2014 Brokers of the Year Award

    September 18, 2014

    Cassidy Turley announced today that Executive Managing Directors Michael Hackett and Ryan Schubert were awarded Commercial Executive Magazine’s (CEM) 2014 Brokers of the Year Award.
  • California Investor Purchases Phoenix Grocery Anchored Center for $11.9 Million

    September 08, 2014

    Cassidy Turley announced that Amargosa Palmdale Investments, LLC of Beverly Hills, CA, purchased Southern Plaza, a ±75,233 square foot neighborhood shopping center located at 6036 S. 7th Avenue for $11.9 million.
  • Four Peaks Plaza in Fountain Hills Sells for $9.9 Million

    September 05, 2014

    Cassidy Turley has announced that Four Peaks Plaza, a 140,390 square foot power retail center in Fountain Hills located at 16735-16845 East Shea Boulevard, sold for $9.9 million ($70.52 PSF).
  • Scottsdale Retail Center Sells for $14 Million

    August 25, 2014

    Cassidy Turley has announced that Hayden Crossing Shopping Center, a 63,446 square foot neighborhood retail center at 8015-8035 E. Indian School Road sold for $14 million ($221.38 PSF).
  • Canadian Investor Purchases Marley Park Plaza

    August 25, 2014

    Cassidy Turley announced the sale of Marley Park Plaza, a 77,545 square foot, grocery-anchored neighborhood shopping center at 15411 W. Waddell Road in Surprise. IMAN Enterprises, LLC of Surrey BC, Canada, purchased the retail center for $12.45 million from Donahue Schriber Realty Group.
  • Automotive Repair Facility in Scottsdale Airpark Trades for $1.2 Million

    August 21, 2014

    Cassidy Turley has announced the $1.2 million ($215.25/psf) sale of an automotive repair facility at 15445 North 83rd Way in the Scottsdale Airpark.
  • Cohen Asset Management Purchases Tolleson Property For $14.59 Million

    August 14, 2014

    Cassidy Turley announced today that a subsidiary of Cohen Asset Management purchased Ryan West Business Park, a ±242,863 square foot warehouse distribution building at 8313 Latham in Tolleson for $14,591,460 from EG Properties, LLC.
  • TradeCor Purchases SAARS Building for $2.1 Million

    August 07, 2014

    Cassidy Turley announced the $2.1 million ($247.06/psf) sale of SAARS Building, a Class B office building at 4221 North Scottsdale Road in the Scottsdale Submarket. Phoenix-based 4221 Scottsdale LLC / TradeCor LLC purchased the property from Scottsdale-based Scottsdale Area Association of Realtors (SAARS).
  • California Investor Buys Home of Motorcycle Mechanics Institute for $5.97 Million

    August 07, 2014

    Cassidy Turley announced the successful sale of a ±40,427 square foot Class B flex project at 2932 West Deer Valley Road in Phoenix’s Deer Valley Submarket. California-based Hyperion Fund L.P. purchased the property for $5.97 million ($148.00/psf) from California-based 2932 DVR LLC.
  • California Investors Purchase Black Canyon Business Park for $13.1 Million

    August 07, 2014

    Cassidy Turley announced that BKM Capital Partners (Irvine, California) acquired Black Canyon Business Park, a ±219,090 square foot business park at 8041 North Black Canyon Freeway for $13.1 million. The seller was Business Properties (Irvine, California).
  • Arizona Urology Specialists Leases 12,034 SF at Country Club Manor

    August 07, 2014

    Cassidy Turley completed a 10 year lease of 12,034 square feet for locally-based Arizona Urology Specialists PLLC at Country Club Manor, 1221-1313 East Osborn Road in Phoenix.
  • California Investor Purchases Westwood Business Park for $7.4 Million

    July 17, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the $7.4 million ($80.88/psf) sale of Westwood Business Park, a Class B office development at 2222-2228 West Northern Avenue in the Northwest Phoenix Submarket. California-based LBK Trust III purchased the property from Nebraska-based MJA Holdings, LLC.
  • Retail Investor Engages Cassidy Turley for Leasing Assignment of 300,000 SF Walmart Power Center in Mesa, AZ

    July 16, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced it has been engaged by Greenfield Gateway Retail Investments for the marketing and leasing assignment of Greenfield Gateway in Mesa, Arizona.
  • CIRE Equity Acquires Pecan Promenade Retail Center in Tolleson

    July 15, 2014

    Cassidy Turley has been awarded the leasing assignment for Pecan Promenade, a ±40 acre, ±336,023 square foot (sf) retail center on the northeast corner of 99th Avenue and Lower Buckeye Road by the property’s new owner, CIRE Equity of La Jolla.
  • Pacific Realty Advisors to Build 206K Spec Industrial Project in Mesa, AZ

    June 30, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Pacific Realty Advisors (Kenn Francis and Tod Thorpe, Scottsdale, AZ) will break ground this year on a ±211,505 square foot, two building industrial project on the northwest corner of Broadway Road and Dobson Road in Mesa, AZ.
  • Calgary Investment Group Sells Tempe Property for $7.5 Million

    June 27, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that a Calgary, Alberta, Canada based investment group, McKemy Holdings, has sold an 81,200 square foot(sf) industrial property at 9235 S. McKemy St. in Tempe, AZ for $7.5 million. The buyer was Scottsdale-based private investment company, Development Services of America.
  • Zanjero Falls in Glendale sells for $9.1 Million

    June 27, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that Select Healthcare Solutions, LLC (California) and Phoenix Cyberknife, and Radiation Oncology Center, LLC (Arizona) has acquired Zanjero Falls, a 147,405 square foot office property, plus an additional ±10 acres, at 7410 N. Zanjero Boulevard in Glendale, AZ for $9.1 million. The seller was RCFC Zanjero Falls, LLC (California).
  • Turner Development Purchases 6.1 acres in Chandler, AZ

    June 24, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of 6.125 acres of land near the southwest corner of Stearman Drive and Germann Road in Chandler, AZ.
  • Scottsdale Airpark II Sells for $6.3M

    June 24, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that DM Sorrento, a private investor, has acquired Scottsdale Airpark II, a 47,933 square foot(sf) two building, industrial project located at 16000 N. 80th Street and 16001 N. Greenway-Hayden Loop, for $6.3 million ($131.43 per square foot). The seller was California-based Turner Real Estate Investments.
  • Local Investor Buys Office Condo at Riverside Office Plaza II for $2.8 Million

    June 23, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the successful sale of nine office condos at Riverside Office Plaza II totaling ±29,223 square feet in the Tempe/Airport Submarket. Phoenix-based investor Attis Investments, LLC purchased the nine condos for $2.805 million ($95.98/psf) from San Diego-based Southwest Value Partners.
  • Vehicle Accessory Center Leases 15,717 SF at Lincoln Commerce Park II

    June 20, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 15,717 square feet for Vehicle Accessory Center at Lincoln Commerce Park II, 2125 South 11th Avenue in Phoenix.
  • Highlands Village Equities Purchases The Shoppes at Highlands Village in Arizona for $10.05 Million

    June 17, 2014

    Cassidy Turley announces the sale of The Shoppes at Highlands Village, a grocery-anchored neighborhood shopping center at 1145 North Ellsworth Rd. in Mesa, AZ. Highlands Village Equities, LLC (a company formed by Glenwood Development Company) purchased the 87,486 square foot center for $10.05 million from Donahue Schriber Realty Group.
  • Clear Sky Capital Inc. Purchases Parkside Apartments in Tempe

    June 17, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Parkside Apartment Homes, a 100 unit multi-family community located at 1801 East Cutler Drive in Tempe, AZ. Clear Sky EBH, LLC (Clear Sky Capital, Marcus Kurschat) purchased the property from Northstreet Associates, LLC (KC Venture Group, Paul Fingerish) for $5.95 million ($59,500/unit). Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis negotiated the transaction.
  • Oregon Based Investment Firm Purchases Chandler Multi-Family Community for $33.3M

    June 10, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Pinnacle Queen Creek, a Class “A” apartment community located at 800 W. Queen Creek Road. Oregon Pacific Investment and Development Company purchased the 252 unit garden style apartment community for $33.3 million ($132,143 per unit). The seller was Pinnacle at Queen Creek, LLC, a company controlled by The Northwestern Mutual Life Insurance Company of Milwaukee and Essex Property Trust.
  • Clear Sky Capital Inc. Purchases The Lodge Apartments in Flagstaff for $31.85 Million

    June 02, 2014

    Cassidy Turley announced the sale of The Lodge Apartments, a 252 unit Class “A” luxury apartment community built in 2004 and located in Flagstaff, AZ. Clear Sky Lodge LP (Clear Sky Capital, Marcus Kurschat) purchased the multi-family property from The Lodge Luxury Apartments, LLC (Bassham Family Trust) for $31,850,000 ($126,389/unit). Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis negotiated the transaction.
  • Clear Sky Capital Inc. Purchases Timberline Village in Flagstaff for $22.25M

    May 23, 2014

    Cassidy Turley announced the sale of the Timberline Village Apartments, a 168 unit Class “A” luxury apartment community built in 1997.
  • Hayden Station in Tempe Sold for $26.5M

    May 20, 2014

    Cassidy Turley announced that Mill Avenue Office, L.L.C. (owned by Bob Parsons) has acquired Hayden Station, a 107,508 square foot(sf), mixed-use office and retail property located on the southwest corner of Mill Avenue and 3rd Street, for $26.5 million ($246.49 per square foot). The seller was Tucson, Arizona-based Holualoa Companies.
  • Clear Sky Capital Inc. Purchases 150-unit Legacy at Prescott Lakes

    May 15, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of the 150 unit, Class A Legacy at Prescott Lakes Apartments. Built in 1999, the property is located in the Prescott Lakes Master Planned Community at 1998 Prescott Lakes Parkway in Prescott, AZ. Clear Sky EBH, LLC (dba Clear Sky Capital Inc., Marcus Kurschat) purchased the property for $15,500,000 ($103,333.00 per unit) from Prescott Lakes I, LLC (The Bassham Trust).
  • North Dakota Investor Purchases Walmart Shops at Laveen Village for $7.15M

    May 15, 2014

    PHOENIX – May 15, 2014 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that North Dakota-based Eleven Investments, LLC acquired Walmart Shops at Laveen Village, a neighborhood shopping center along with a developable pad located at 3525 W. Southern Avenue, for $7.15 million ($151.81 PSF). The seller was Washington-based Pacific West Land, LLC.
  • Cohen Asset Management Purchases Industrial Portfolio for $29 Million

    May 13, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Cohen Asset Management purchased a three-property, high-tech industrial portfolio in Phoenix for $29 million from Alliance Commercial Partners (ACP). Will Strong, Mike Haenel and Andy Markham, SIOR of Cassidy Turley procured the investment sale transaction, bringing the buyer, Cohen, and the seller, ACP together.
  • California Investor Purchases Union Hills Village for $10.3 Million

    May 12, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that a company formed by California-based Ethan Christopher acquired Union Hills Village, 18631 N 19th Avenue, for $10.3 million ($93.47 PSF). The seller was Costa Mesa, CA-based Donahue Schriber Realty Group, L.P.
  • CSW Construction Leases 16,306 SF Lease at Scottsdale Gateway II

    April 21, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it represented owner Pollock Gateway II, LLC, in its 16,306-square-foot lease with locally based CSW Contractors Inc. at Scottsdale Gateway II, 8901 East Mountain View Road in Scottsdale, AZ.
  • Phil Ellis Promoted to Associate Vice President

    April 18, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced that Phil Ellis has been promoted to Associate Vice President with the firm’s Property Management division in the Phoenix office.
  • Cassidy Turley Completes $800,000 Sale at Broadway Industrial Park

    April 16, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of a 13,082 square foot freestanding industrial building at the Broadway Industrial Park, 807 West Geneva Drive in Tempe, AZ. Tempe-based Vick Holdings, LLC purchased the property for $800,000 ($61.15 PSF) from Tempe-based Christofolo Enterprises, Inc.
  • California Investor Purchases Airport Business Park

    April 15, 2014

    Cassidy Turley announced the sale of Airport Business Park, a ±39,994-square-foot, multi-tenant industrial building at 2328 E. Van Buren St. to a California-based investor, Airport Business Park Phoenix, LLC.
  • The Leona Group Leases 15,054 SF at Catalina Terraces in Phoenix

    April 09, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 15,054 square feet for locally based The Leona Group Arizona, LLC at Catalina Terraces, 7878 North 16th Street in Phoenix.
  • Cutler Commercial Sells Home of Universal Technical Institute for $6.3 Million

    April 09, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the successful sale of a ±58,120-square-foot Class B flex, office-industrial project at 2844 West Deer Valley Road and 2837 West Louise Drive in Phoenix’s Deer Valley Submarket. California-based Hyperion Fund L.P purchased the property for $6.3 million ($108.40/psf) from locally based City Park, LLC, a company formed by Cutler Commercial.
  • Earnhardt Assembles site at 7th Street and Camelback For Lexus Dealership

    April 08, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announces the sale of a 4,800-square-foot freestanding retail building at 810 and 812 East Camelback in Phoenix’s Camelback Corridor.
  • California Investor Purchases Palm Glen Shopping Center for $14.35 Million

    April 07, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that Los Angeles-based Primestor Development acquired Palm Glen Shopping Center, 3500-3636 W. Glendale Avenue, for $14.35 million ($81.67 PSF). The seller was Phoenix-based Palm Glen Investors, LLC.
  • Scottsdale Investor Purchases Universal Exchange Building for $1.38 Million

    April 07, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that locally-based Douradas Investments, LP acquired the Universal Exchange Building, 24490 North 20th Drive, for $1.38 million ($105 PSF). The seller was Pallanick Family, LLC a company formed by Universal Exchange.
  • Pet Club Leases 45,228 SF at Carver Distribution Center in Tempe, AZ

    April 07, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 45,228 square feet for Mesa, AZ-based Pet Club at Carver Distribution Center, 860 West Carver Road in Tempe, AZ.
  • Banner Health Relocates Howard S Gray School to Tempe, AZ

    April 03, 2014

    PHOENIX – April 3, 2014 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it represented building owner Quach, LLC, in its lease of 15,215 square feet to an affiliate of Phoenix-based Banner Health, an Arizona non-profit corporation, at 1410 West 10th Place in Tempe, AZ.
  • Deco Acquisitions Purchases Lodge Development Site in Scottsdale

    April 01, 2014

    Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of a ±0.72 acres/±31,427-square-foot development site at 4422 N. 75th Street in Scottsdale. Deco Acquisitions, LLC (dba, Deco Communities) purchased the property for $4,050,000 ($128.87 per square foot) from Hewson 75th St., LLC. Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis and Managing Director Don Arones negotiated the transaction on be
  • Prologis Riverside Distribution Center in Phoenix Sells for $13.2 Million

    March 24, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Prologis Riverside Distribution Center, a ±250,796-square-foot industrial project at 2225 South 43rd Avenue in the Southwest Phoenix submarket.
  • Jared Langenhuizen Joins Cassidy Turley as Senior Vice President

    March 24, 2014

    PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced that Jared Langenhuizen has joined the firm’s Project and Development Services division as Senior Vice President in the Phoenix office.
  • Raising Cane’s® Chicken Fingers Continues its Arizona Expansion

    March 19, 2014

    PHOENIX – (March 19, 2014) – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced it has completed a 0.83-acres (36,213 square feet) build-to-suit lease for MRG Marketing & Management, Inc., Southwest franchise partner for Raising Cane’s Chicken Fingers, at Arrowhead Marketplace, located at the northwest corner of Bell Road and 79thth Avenue in Glendale.
  • Prest-O-Fit Expands to 45,000 SF at Eastpoint Business Center in Chandler, AZ

    March 10, 2014

    PHOENIX – March 10, 2014 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed an expansion lease of 15,000 square feet for Prest-O-Fit (Chandler, AZ) at Eastpoint Business Center, 3191 North Washington Street. Senior Vice President Pete Klees with Cassidy Turley’s Industrial Group represented the Tenant, while Evan Koplan and Mike Parker with CBRE represented the Landlord, Dalfen America of Quebec, Canada.
  • Desert Creek at Las Sendas in Mesa, AZ, Sells for $1.15 Million

    March 10, 2014

    PHOENIX – March 10, 2014 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Desert Creek at Las Sendas, 3.79 acres of land at the northeast corner of Loop 202 and McDowell Road.
  • Real Life Ministries Leases 14,000 SF at Foxfire Commerce Center in Surprise, AZ

    March 07, 2014

    PHOENIX – March 7, 2014 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it has completed a 14,000 square foot lease for Real Life Ministries at Foxfire Commerce Center Phase II, 13128-13200 West Foxfire Drive in Surprise, AZ. Cassidy Turley Vice Presidents Louis G Finocchiaro, SIOR, and John Pompay with Cassidy Turley’s Industrial Group represented the landlord, locally based Foxfire Partners, LLC.
  • Southwest Value Partners Purchases Continuum Business Park in Chandler

    February 25, 2014

    Cassidy Turley announced the sale of Continuum, a ±152-acre master planned business park to San-Diego based Southwest Value Partners (“SVP”), Managing Principals Mark Schlossberg and Cary Mack. SVP purchased the project in Chandler, Arizona for $51.75 million. The seller was Capital Commercial Investments, Inc. (Austin).
  • Karlin Real Estate Sells Premier Scottsdale Neighborhood Center for $44.5 Million

    February 07, 2014

    Cassidy Turley completed the sale of Shea Scottsdale to an entity formed by Jerry Simms for $44.5 million. Shea Scottsdale, 10653 N. Scottsdale Road, is a 160,228-square-foot retail center anchored by Safeway and CVS Pharmacy. The seller was Karlin Real Estate, based in Los Angeles.
  • Cassidy Turley Completes $8 Million Sale of Tatum Plaza in Cave Creek

    February 05, 2014

    Cassidy Turley announced that Los Angeles-based FS Tatum Plaza, LLC (Westwood Financial) acquired Tatum Plaza, a 29,460-square-foot neighborhood retail center for $8,000,000 ($270 PSF). The seller was Cave Creek and Tatum, LLC (Park West Partners). Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group negotiated the sale transaction.
  • Sue Cannon Joins Cassidy Turley as Vice President, Property Management

    February 04, 2014

    Cassidy Turley announced that Sue Cannon, LEED Green Associate, has joined the firm’s property management division as Vice President in the Phoenix office.
  • Cassidy Turley Completes $8.04 Million Sale of Turner Spectrum Ridge

    January 31, 2014

    Cassidy Turley announced that KBP Realty Advisors (dba Spectrum Ridge Can Flex LLLP) acquired Turner Spectrum Ridge, a 68,195-square-foot multi-tenant industrial flex complex for $8,045,500 ($117.98 PSF). The seller was Newport Beach, California-based Turner Real Estate Investments (dba TOF DV BIXBY2, LLC.) Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s Capital Markets Group negotiated the sale transaction for the buyer and the seller.
  • Timberline Place Condominiums in Flagstaff Sells for $11.825 Million

    January 24, 2014

    Cassidy Turley sold 102 Class A units at the Timberline Place condominium community located in Flagstaff, Arizona. Clear Sky Timberline LP, an entity formed by Clear Sky Capital (Marcus Kurschat), a Phoenix based company purchased the property for $11,825,000 / $115,931 per unit. Executive Managing Directors David Fogler and Steven Nicoluzakis, with Cassidy Turley Arizona’s Multi-Family Investment Group, brokered the transaction.
  • Blandford Homes to Develop on Greenfield Road and McDowell Road

    January 21, 2014

    Cassidy Turley announced today that Phoenix-based Blandford Homes purchased ±19.3-acres in Mesa, west of the southwest corner of Greenfield Road and McDowell Road. Through its McDowell Citrus 100, LLC, Blandford Homes purchased the land for $3,200,000 from Horlacher Foundation, Inc. (Mesa, AZ). Brent Moser, Mike Sutton and Brooks Griffith with Cassidy Turley Arizona’s Land Group negotiated the transaction on behalf of the buyer and seller.
  • Cassidy Turley Completes $7.14 Million Sale of Black Canyon Corporate Center

    January 17, 2014

    Cassidy Turley announced they successfully sold Black Canyon Corporate Center, a ±94,203-square-foot Class A office project at 10835 North 25th Avenue in Phoenix. Younan Properties Inc. (Woodland Hills, CA) purchased the property for $7,140,000 ($75.16/psf) from REO Asset Manager, John Mitchell, of LNR Partners (Miami Beach, FL), as special servicer
  • Cassidy Turley Completes 10,180 SF Lease at Raintree Corporate Center I

    January 17, 2014

    Cassidy Turley announced that it completed a 10,180-square-foot lease for Keller Williams Arizona Realty at Raintree Corporate Center, 15333 North Pima Road. Executive Managing Director Jeffery Wentworth and Vice President Sean Spellman, with Cassidy Turley’s Office Group, represented the landlord, CW Capital Asset Management LLC (Washington, DC).
  • Spirit Realty Capital Selects Cassidy Turley to Market Riverpoint Buildings

    January 14, 2014

    Cassidy Turley announced today that Spirit Realty Capital (NYSE: SRC) has selected the firm to market Riverpoint Buildings I and IV at, 3125 E. Wood St. and 4150 S. Riverpoint Parkway in Phoenix.
  • Cassidy Turley Completes $1.3 Million Sale of North Mountain Professional Plaza

    January 09, 2014

    Cassidy Turley announced they successfully sold North Mountain Professional Plaza, a ±9,850-square-foot multi-tenant office project at 1850 E. Thunderbird Rd. in Phoenix. LDP Associates (Phoenix) purchased the property for $1,325,000 ($134.52/psf) from North Mountain Professional Plaza, LLC. Executive Managing Director Eric Wichterman, and Senior Vice Presidents Mike Coover and Andy Cloud with Cassidy Turley negotiated the transaction on behalf of the seller.
  • Cassidy Turley Completes $11.8 Million Sale of Tempe Commerce Center

    January 03, 2014

    Cassidy Turley announced that Presson Corporation acquired Tempe Commerce Center, a 177,848-square-foot multi-tenant industrial complex for $11,800,000 ($66.35 PSF). The seller was Tempe-based Kieckhefer Properties. Senior Managing Directors Bob Buckley, Steve Lindley and Tracy Cartledge with Cassidy Turley’s Capital Markets Group negotiated the sale transaction.
  • Cassidy Turley and Snyder Nationwide Real Estate Complete Sale of Hotel Monroe

    December 30, 2013

    Cassidy Turley and Snyder Nationwide Real Estate announced they successfully sold Hotel Monroe, a 157,000-square-foot hotel located at 25 East Monroe in Phoenix. CSM Corporation and Grasshopper Development, LLC purchased the ±150-room hotel for $7,850,000.
  • Cassidy Turley Completes $23.5 Million Sale of Canyon Trails Towne Center

    December 23, 2013

    Cassidy Turley announced today they successfully sold Canyon Trails Towne Center, 625 S. Cotton Lane. Trigate Capital (Dallas) purchased the Goodyear power center for $23,500,000. The seller was a Vestar formed partnership. Cassidy Turley’s Ryan Schubert, Michael Hackett and Dan Wald negotiated the sale transaction for both parties.
  • Cassidy Turley Completes 13,000 SF Lease at Promenade Corporate Center

    December 20, 2013

  • Inland Kenworth Purchases 17-Acre Parcel in Tolleson

    December 20, 2013

    Cassidy Turley announced that Inland Kenworth has purchased 17-acres at the southwest corner of 83rd Avenue and Interstate 10 for nearly $5 million. The seller was Rados Properties—Arizona Land, LLC. Cassidy Turley Senior Vice President Steve Mardian represented Inland Kenworth in the sale transaction.
  • Cassidy Turley Completes $8.5 Million Sale of Country Club Manor

    December 16, 2013

    Cassidy Turley announced they successfully sold Country Club Manor, a ±89,214-square-foot class A office project at 1221 and 1313 E. Osborn Road in Phoenix. Hyperion Fund (Santa Monica, CA) purchased the REO property for $8,500,000 ($95.28/psf) from Aetna Health Insurance, Co.