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ORION Closes Bell Plaza in Northwest Phoenix

ORION Investment Real Estate is pleased to announce the sale of Bell Plaza, located at the signalized corner of 17th Avenue and Bell Road, for $3,275,000 ($229 PSF). Bell Plaza is a 14,320-square-foot strip center, situated on approximately 1.41 acres.

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Mesa Multifamily Complex Sells in Off-Market Transaction

Located in Mesa’s growing Fiesta District, Sonoma Village Apartments recently closed for $7,400,000, or $77,083 per unit. The two-story complex consists of 96 units and was constructed in 1973 of a frame stucco build.

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Residential Replacing Retail, a New Trend Stemming from E-Commerce

SCOTTSDALE, Ariz. (KSAZ) – It is the end of the road for the Papago Plaza on the southwest corner of McDowell and Scottsdale Road. “It was built in the 70’s. For two and a half years, we’ve been working on re-developing it.

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Capital Real Estate Buys 11th and 12th Valley Apartment Project Adds Another 349-units

Capital Real Estate entities paid a combined $41.35 million to acquire 349 apartments in projects in Phoenix and Tempe. The company paid $25 million to buy the 180-unit Mandarina apartments at 5402 E. Washington Street in Phoenix.

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Denver Investor Snaps Up More Phoenix Apartments For $25M

Denver-based Capital Real Estate recently acquired the 180-unit Mandarina Luxury Apartment Homes in Phoenix for $25M. The company now owns 2,449 units in the metro Phoenix apartment market.

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Tempe Shopping Center Near Light Rail Sells for $3M

SMJ Investment Properties, LLC was the seller, represented by Derek Buescher, vice president at Orion Investment Real Estate.

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ORION Closes Outparcel of Westgate Entertainment District

Built in 2008, Westgate 95 is located steps away from Westgate Entertainment District, which offers a unique outdoor setting with many vibrant restaurants that include: Johnny Rockets, Buffalo Wild Wings, Saddle Ranch, Kabuki and Yard House, to name a few.

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ORION Brokers Phoenix Community Sale

Arizona-based ORION Investment Real Estate facilitated the off-market sale of Desert Place Apartments, a 260-unit property that spans across 8 acres in Phoenix.

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Anthem Medical Plaza Sells for $10.6M

A prominently placed, HonorHealth-anchored medical plaza in Anthem was sold for $10,600,000, according to ORION Investment Real Estate.

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Mesa Retail Center Near U.S. 60 Sells for $4.55M

Andrew Harrison and Ari Spiro at ORION Investment Real Estate represented both the buyer and seller in this transaction.

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Bush’s Chicken Coming to Old Town Scottsdale Area

ORION Investment Real Estate represented SimonSCRE in leasing the building to Bush’s Chicken, and in the purchase of the property. Tim Gunnink and Andrew Harrison worked on the sale, representing SimonCRE.

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ORION Leases Scottsdale Infill Redevelopment, Sells Property

Located on the outskirts of Old Town Scottsdale and minutes from Tempe, the property is well-situated to serve a dynamic trade area with a strong population base.

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Student Apartments Near UA Sell for $2.695M

Zack Mishkin and Jamie Canute at ORION Investment Real Estate represented the seller in this transaction.

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Arby’s Sold for $1.35M in Fast-Growing Area of Phoenix Metro

The sale of the 3,300-square-foot space, built in 1987 and renovated in 2008, was represented by Scottsdale-based Orion Investment Real Estate’s Senior Vice President Nick Miner and Vice President Derek Buescher.

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Scottsdale Airpark Facility Sells for $2.1M

A 14,500-square-foot industrial facility in the Scottsdale Airpark sold to SWAKE Holdings LLC, according to ORION Investment Real Estate, which represented SWAKE.

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SimonCRE Sells Five Guys, Dunkin Donuts Center for $520 per Foot

“We received multiple offers on the property and it ended up closing for full asking price,” Nick Miner said.

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Mesa Multifamily Complex Sells in Off-Market Transaction

Christopher Roach, Matthew Roach, and Joseph Dietz of ORION Investment Real Estate negotiated the off market transaction.

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Country Club Greens in Mesa Trades in Off-Market Transaction

Country Club Greens Apartment Homes, 350 W. 13th Place in Mesa, totaling 68 units, closed for $6,025,000 ($88,603/unit). The building was fully occupied at close of escrow.

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ORION’s Sean Stutzman named to 2016 Class of 40 Under 40

The Phoenix Business Journal is proud to announce another outstanding class of up-and-coming business leaders in its annual 40 Under 40 recognition.

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Former MIKID Corporate Headquarters Closes Escrow

“This was surplus real estate for the seller who is a local non-profit,” ORION’s Nick Miner said.

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