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ORION Closes Foothills Park Plaza for $3.125M

A once maligned, but well-located shopping center in the heart of one of Phoenix Metro’s best master-planned communities, is returning to its former glory.

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Note Sale Comes Full Circle with Retail Center Trade to California Investor

PHOENIX – A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best masterplanned communities, is returning to its former glory. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee Foothills master-planned community. The 4,140 […]

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Sentinel Sells 328-Unit Tamarron Apts

Joe Dietz of ORION Investment Real Estate represented the buyer. Tyler Anderson, Sean Cunningham, Asher Gunter and Matthew Pesch of CBRE represented the seller.

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Denny’s Leased NNN Investment Sold

ORION Investment Real Estate announced the sale of the single tenant, NNN Investment property leased to Denny’s for $1,933,000 ($339/SF) at a 6 percent cap rate.

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Desert Sky Regional Mall Mixed-Use Outparcel Changes Hands

ORION represented both the Buyer and Seller. Steve Palazzola, principal of Sun Construction, Ltd based out of Washington, was the Seller in this Transaction. Eitan and Ronit Urman, principals of Parkway 2001, LLC and Urman Enterprises based out of Scottsdale, Arizona, were the Buyers.

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Ari Spiro Awarded 2016 Commercial Real Estate Leader of the Year

Arizona Journal of Real Estate & Business announce the 2016 Arizona Journal Industry Awards.

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Commercial Corner – Arizona Journal of Real Estate & Business

The boom of online shopping over the last decade has forced retail developers and tenants to rethink their strategy. Grocery anchored shopping centers continue to thrive due to the consumer needs for day-to-day items and retail services.

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Retail Pad Building at Higley Marketplace Sells in Gilbert

GILBERT – ORION Investment Real Estate is proud to announce the sale of Higley Marketplace for $2,150,000 ($286.67/SF).

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ORION Expanding Retail Presence with New Hire in Scottsdale

Judi Butterworth has joined ORION Investment Real Estate as a senior vice president in the firm’s Scottsdale, AZ office.

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Phoenix Four-Story Medical Office Sells for $3M+

ORION Investment Real Estate is proud to announce the sale of the Parkwood Professional Plaza for $3,200,000 ($43.53/SF).

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ORION Adds Retail Leasing Veteran to Expanding Roster

ORION Investment Real Estate is proud to announce that Judi Butterworth joined the firm as Senior Vice President in February. Judi has been leasing and selling shopping centers for more than 35 years.

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ORION Completes Off-Market Multifamily Transaction

ORION Investment Real Estate facilitated the sale of The Hayward Apartments, a 16-unit apartment community located near the corner of 19th Avenue and Northern Avenue in Phoenix, for $1,150,000.

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ORION Represents Buyer and Seller in Off Market Multifamily Transaction

Zack Mishkin represented both Buyer and Seller in this off market transaction. The Seller was a local investor of ALFA LLC; The Buyers were principals Mark Sands and Candace Chan Sands.

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Robert C. Penney Buys Parkwood Professional Plaza in Phoenix for $3.2M

The new owner plans to implement a capital improvement program before flipping the asset. Nick Miner of ORION Investment Real Estate represented the seller, Parkwood Commercial Properties LLC.

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ORION Investment Real Estate adds Judi Butterworth

ORION Investment Real Estate announced that Judi Butterworth joined the firm. Judi has been leasing and selling shopping centers for more than 35 years. Consistently a top producer, Judi has closed over half a billion dollars in transactions.

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Demand Continues From California Investors Chasing Yield

A number of service-oriented transactions involving tenants with triple-net leases have closed around the Metro. One such deal is a store fully leased to CVS Pharmacy.

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ORION Closes on Starbucks Property in Mesa

ORION Investment Real Estate announced the sale of the NNN Investment property leased to Starbucks for $2,320,000.

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CVS Leased NNN Investment Property Sold

ORION Investment Real Estate announced the sale of an NNN Investment property leased to CVS, near Ellsworth and Broadway Roads, for $3,375,000.

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ORION’s Ari Spiro Named Commercial Broker of the Year

Ari Spiro started ORION Investment Real Estate in 2009 and has been a part of the real estate industry for over 20 years. He deals with multiple transactions, showcasing his dedication, drive and knowledge in the field.

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ORION Closes NNN Investment Property in Scottsdale

“This is one of a few properties I am assisting my client in the acquisition to perfect his 1031 Exchange. This property was identified because of the location in Scottsdale, and the long-term lease with a great credit tenant,” said Nick Miner, CCIM, senior vice president at ORION.

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