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.
Arizona Journal of Real Estate & Business announce the 2016 Arizona Journal Industry Awards.
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.
GILBERT – ORION Investment Real Estate is proud to announce the sale of Higley Marketplace for $2,150,000 ($286.67/SF).
Judi Butterworth has joined ORION Investment Real Estate as a senior vice president in the firm’s Scottsdale, AZ office.
ORION Investment Real Estate is proud to announce the sale of the Parkwood Professional Plaza for $3,200,000 ($43.53/SF).
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.
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.
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.
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.
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.
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.
ORION Investment Real Estate announced the sale of the NNN Investment property leased to Starbucks for $2,320,000.
ORION Investment Real Estate announced the sale of an NNN Investment property leased to CVS, near Ellsworth and Broadway Roads, for $3,375,000.
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.
“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.
ORION is proud to announce the sale of Scottsdale Executive Square, a 29,806 square foot, Class B multi-tenant office. The office building recently sold for $3,540,000 ($118.77/SF). Situated on 97,200 square feet, just north of the northeast corner of Scottsdale and Thunderbird Roads, the building has excellent Scottsdale Road frontage with approximately 35,665 vehicles passing per day. Scottsdale Executive Square was 77% leased at close of escrow.
Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate, noted, “The property was sold to a 1031 Exchange Buyer from Colorado. They identified this property because of the location in the Phoenix Metro and the long term lease with the tenant.”
Tim Gunnink joined ORION Investment Real Estate as senior vice president, specializing in retail and land investment sales. Gunnink will use years of experience to help buyers and sellers of shopping centers and retail land accomplish goals.
Zach Bonsall, Managing Partner at CVP, noted, “We were proud to partner with ORION and Newmark on an innovative transaction to add value to the property and deliver strong returns on behalf of our investors.
7328 East Stetson Drive Scottsdale, AZ 85251
Orion Investment Real Estate
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