ORION Investment Real Estate Ends 2017 with $50M in December Closings

The final days of 2017 brought a flurry of activity in the Phoenix commercial real estate market. For Scottsdale-based ORION Investment Real Estate, it has been another successful year measured by growth and deal volume.

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Van Buren Land Sold for Housing

A 1.65-acre site on Van Buren and 29th streets in Phoenix has sold for $850,000.

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Del Taco to Open in Queen Creek Marketplace

Del Taco — the fast food chain specializing in American-style Mexican food — has announced it will open a new restaurant in the Queen Creek Marketplace, on the corner of Rittenhouse Road and Ellsworth Loop Road.

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Unique Retail Building Sells in Stable Trade Area

Fully leased to eight tenants, The Village at Superstition Springs sold for $3,400,000, or $265 per square foot. The Seller was 6610 E. Baseline Road Investors, L.L.C. The Buyer was Landry Family Trust. The transaction was complicated by the

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ORION Represents Seller in Fry’s Shadow Anchored Shops

GILBERT, Arizona – Located along the Loop 202 retail corridor in Gilbert, within proximity to multiple new developments of retail, office, automotive, education, and residential, Gilbert Fiesta Shops sold for $3.5 million at a 7% cap rate.

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ORION Handles Both Sides in Local Daycare NNN Investment

PHOENIX – ORION Investment Real Estate facilitated the sale of a fully occupied, freestanding building for $385,000, or $196 per square foot.

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New CRE Platforms Facilitate a Truly Mobile Office

On the other hand, Nick Miner, CCIM, uses the RealNex system and app for client relationship management. “The new app allows me to access all the data, giving me the ability to be more mobile,” says Miner, senior vice president at Orion Investment Real Estate in Scottsdale, Ariz.

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Meet Your Neighbor: Bronze Star Recipient Larry Kush Serves on Planning Commission

Name: Larry S. Kush Where I live: Safari Drive When & why I moved here: 1976 moved for work

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Owner/User Building in South Scottsdale Sells for $2.2 Million

ORION Investment Real Estate recently negotiated the owner/user office building sale, located at 8101 East McDowell Road in Scottsdale, for $2.2 million ($127 PSF).

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Commercial Real Estate Veteran Joins the ORION Office Division

Lucinda Bliss has been producing results for building owners and occupants since the 1980’s and has brought this experience and focus to ORION Investment Real Estate’s Office Division.

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ORION’s Nick Miner Featured in CIRE Magazine Nov/Dec ’17 Deal Makers

Nick Miner, CCIM, of ORION Investment Real Estate in Tempe, Ariz., represented an undisclosed seller in the more than $3.2 million sale of the 14,320-sf Bell Plaza located at 1704-1728 West Bell Road in Phoenix to S.M.G. Investments LLC.

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Prime Infill Land Parcel in 19th Avenue Corridor Sells for $11.31 per SF

Raw land situated in the heart of the bolstering 19th Avenue corridor sold for $855,000, or $11.31 per square foot. ORION Investment Real Estate’s Zack Mishkin and Dennis Hoth, CCIM were the exclusive brokers in this transaction.

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ORION Facilitates Phoenix Retail Center Sale

Paragon Southern Plaza LLC sold the 16,980-square-foot property for $1.8 million. Southern 19 Plaza is located in a strong trade area near a major artery in the city.

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Redevelopment Opportunity in Dynamic Trade Area

PHOENIX, Arizona — ORION Investment Real Estate and The Kobold Group are pleased to announce an exciting redevelopment of a previously shuttered restaurant building on 46th Street & Thomas Road.

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Real Estate Veteran Larry Kush Joins ORION To Boost Land Sales Division

Housing industry veteran Larry Kush joined ORION Investment Real Estate as senior vice president, effective immediately. In his new role, Kush is charged with expanding the Scottsdale, AZ-based ORION’s land sales division.

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Highly Sought-after Retail Redevelopment at ASU Sold

TEMPE, Arizona — This was a very rare opportunity to purchase in Downtown Tempe. The retail redevelopment at Arizona State University sold through bankruptcy court for $890,000, or $327 per square foot.

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Gilbert Retail Center Sells Above Asking Price

ORION Investment Real Estate is pleased to announce the sale of Highland Corner, a fully leased retail center located in the heart of Gilbert, Arizona. Selling for $1.3M, or $172 per square foot, the center traded above asking price.

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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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Scottsdale Airpark Gains Exciting New Tenant

An exciting new business has opened in the Valley! Scottsdale Star Wars fan, Brandon Estrella, has created Saber Knights Academy and Light Saber Shops in Scottsdale.

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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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