Archive for the ‘Phoenix Real Estate Investment’ Category

SAN DIEGO, CA — (MARKET WIRE) — January 12, 2007 — Equastone has announced the sale of Security Title Plaza (STP), a 12-story office building located at 3636 North Central Avenue in the North Downtown sub-market of Phoenix, Arizona. Alliance Commercial Partners purchased the building for $38 million. Investment entities affiliated with Equastone acquired the property for $14.75 million in October 2003. The sale price reflects a significant recovery in office building values in the North Downtown sub-market. Read the rest of this entry »

Nearly 1,000 Valley units bought in $103.1 mil deal

Yvette Armendariz
The Arizona Republic

Four Phoenix-area apartment properties with nearly 1,000 units sold for $103.1 million to a real estate partnership seeking to renovate the properties.

Phoenix-based Alliance Residential Co. partnered with Boston-based AEW Capital Management to pick up the four properties and 11 others in Tucson, Albuquerque and Las Vegas in a deal that closed in late December. Read the rest of this entry »

Sean Holstege
The Arizona Republic

Two years before the light-rail system opens, private investors are starting to pump more than $1 billion into new developments near the rail stations.

The investments promise to reshape key corners and neighborhoods along the 20-mile route, an infusion that is typical of light-rail systems but is occurring earlier in the Valley than in other cities. Read the rest of this entry »

PHOENIX–(BUSINESS WIRE)–ILX Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.1175 per share. The dividend has a record date as of the close of business on December 29, 2006 and is payable on January 10, 2007 to shareholders of record. Shareholders electing participation before the payment date may reinvest their dividends in additional shares of common stock through the Dividend Reinvestment Plan originally Read the rest of this entry »

Stephanie Paterik
The Arizona Republic

The Clarendon Hotel + Suites in midtown Phoenix will begin a $3 million upgrade next week, adding 50 suites and a rooftop ballroom with glass walls and a retractable roof.

Two of the owners bought out a third partner for an undisclosed amount Thursday. They secured a loan and hired a contractor to continue renovating the aging hotel. Read the rest of this entry »

Maura J. Halpern
The Arizona Republic

Chicago-based Terrapin Properties is making its foray into the West to build the largest condominium project in Surprise.

City planning and zoning commissioners approved site plans earlier Tuesday for Bellazano, a 444-unit community on the northwest side of Parkview Place just south of Grand Avenue. Read the rest of this entry »

Commercial Property News
By Katie Gerfen, Contributing Editor

Trammell Crow Co. announced today that they have negotiated a $36 million land sale on behalf of Seller First Industrial in Glendale, Ariz. A representative from Trammell Crow also represented the buyer, which are three entities formed by Helmholdt Real Estate from nearby Peoria, Ariz. Read the rest of this entry »

Business-2-Business Host Rex Parry to Interview BuyerHunt Executives on December 2
SCOTTSDALE, AZ — (MARKET WIRE) — November 30, 2006 — BuyerHunt announced today that Rex Parry, the host of the Business-2-Business radio talk show on 1310 KXAM in Phoenix, will interview BuyerHunt Founder Gregory Hague; Vice President of Product Management, Jake Cunningham; and Vice President of Operations, Corbin Hague. The interview will air between 5 and 6pm on Saturday, December 2. Read the rest of this entry »

PHOENIX–(BUSINESS WIRE)–Binswanger is pleased to announce the opening of their Phoenix, AZ office. This office exemplifies Binswanger’s commitment to the provision of broader coverage through continued domestic expansion. Plus, it will house two of our new top-level executives — both acknowledged real estate specialists. Read the rest of this entry »

Company Opens New Facility in the Phoenix Tech Center

PHOENIX–(BUSINESS WIRE)–White Mountain Labs, the innovative leader in test and characterization of advanced technologies, announced today the opening of its new facility, The Center for ESD. The 19,400 square-foot building, located in the Phoenix Tech Center was custom-built to the specifications of White Mountain Labs and will be the focal point of electrostatic discharge (ESD) and latch-up testing worldwide.

Approximately half of the new building is occupied by White Mountain Labs and includes a 4,000 square-foot test facility with state-of-the-art conductive flooring, which is essential for consistent ESD testing of semiconductor components. The second half of the building has more than 9,400 square-feet of office and lab space fully prepared for immediate occupancy.

”We’re thrilled to be part of the continuing emergence of Arizona’s technology community. The completion of The Center for ESD marks a milestone in the progress White Mountain Labs has made,” said Dr. Brenda McCaffrey, Read the rest of this entry »