It’s the big deals and the brokers who make them, that make the market an interesting one to watch. Here are the Top 5 notable sales from March 15, 2016 to May 31, 2016. Source: Cushman & Wakefield research department, Colliers International and Costar.
the community because it is a rare opportunity in Arizona combining a lock and leave lifestyle in addition to the peace of mind that comes with the level of hospitality and care provided by the ladies and gentlemen of the Ritz-Carlton. “We are very fortunate to have more demand than supply,” Mann added. The initial list of interested buyers totaled 700-plus people from around the world including Canada, Dubai and Mexico. Of that number, 150 people registered to attend the event, which lasted from 9:30 a.m. to 5 p.m. on Saturday. A team of less than 40 people, all with different tasks and areas of expertise, worked together to ensure the event’s success. Mann said all that really matters at the end of the day are if “the people feel as though they’ve chosen a fantastic home that will be the best thing for them.” By using non-property specific reservations for the event, the sales team were able to help buyers find the ideal home based on availability and what’s most important about the property to the homeowner. Mann said, “The order was established by when they registered with us.” Although some people were disappointed to not reserve the property they originally selected, most of the buyers were happy and excited to secure a spot. More opportunities to own property inside the Ritz-Carlton are coming up including the opening of a townhouse community next year. Mann encourages those interested to call or go online to register for the interest list to receive details. “Getting their name in and registered now is really one of the catalyst to be in a position to make a choice in the future because we will always honor when people registered to create the selection order,” he added. Five Star Development plans to break ground on the project this summer with completion of the residences and hotel by the end of 2018.
INDUSTRIAL/SALES
OFFICE/SALES
RIVERSIDE BUSINESS CENTER 4570 W. Lower Buckeye Rd., Phoenix 603,909 SF: $39M BUYER: Exeter Property Group SELLER: Duke Realty Corporation LISTING BROKERAGE: JLL
DESERT RIDGE CORPORATE CENTER 20830-20860 N. Tatum Blvd., Phoenix 275,208 SF: $69.1M BUYER: Bahrain Mumtalakat Holding Company SELLER: Regent Properties, Inc. LISTING BROKERAGE: N/A
10 WEST LOGISTICS CENTER 6200 W. Van Buren St., Buiding A,Phoenix 659,618 SF: $35M BUYER: New York Life Insurance Company SELLER: Crow Holdings LISTING BROKERAGE: Cushman & Wakefield
90 MOUNTAIN VIEW I & II 9977-9999 N. 90th St., Scottsdale 184,544 SF: $43.9M BUYER: Bahrain Mumtalakat Holding Company SELLER: Regent Properties, Inc. LISTING BROKERAGE: N/A
ESTRELLA BUSINESS PARK 1002 S. 63rd Ave., Phoenix 250,157 SF: $16.9M BUYER: Exeter Property Group SELLER: Duke Realty Corporation LISTING BROKERAGE: JLL ROSE GARDEN BUSINESS PARK 20801-20823 N. 19th Ave. and 1801-1831 W. Rose Garden Lane, Phoenix 161,846 SF: $12.94M BUYER: BKM Capital Partners SELLER: Pacific Equities Capital Management Corp. LISTING BROKERAGE: N/A 2021 S. 51ST AVE., PHOENIX 69,842 SF: $10.1M BUYER: Exeter Property Group SELLER: Duke Realty Corporation LISTING BROKERAGE: Cushman & Wakefield
5651 W. TALAVI BLVD., GLENDALE 152,936 SF: $27M BUYER: Bahrain Mumtalakat Holding Company SELLER: Regent Properties, Inc. LISTING BROKERAGE: N/A PRINCESS MEDICAL CENTER 8573 E. Princess Dr., Scottsdale 102,251 SF: $16M BUYER: Centum Health Properties SELLER: The Plaza Companies LISTING BROKERAGE: Cushman & Wakefield 827 W. GROVE AVE., MESA 228,000 SF: $14M BUYER: Mid-West Group of Companies SELLER: RRS & Company LISTING BROKERAGE: JLL
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