A rare, 4-building industrial flex portfolio in the Scottsdale Airpark traded hands for $14,000,000 in an all-cash transaction. The closing signifies the largest multi-tenant industrial sale since September 2017 in the Scottsdale Airpark. ORION Investment Real Estate marketed the portfolio for less than one week before procuring the
Phoenix — Orion Investment Real Estate has arranged the purchase of a retail property located at the northwest corner of 53rd Avenue and Bell Road in Phoenix. Corridor Living LLC acquired the building from McLean Holdings for $3.1 million. Four tenants fully occupied the 8,318-square-foot property at the time of sale, including
Scottsdale-based Sterling Real Estate Partners recently acquired 9.6 acres of land with plans to develop a 238-unit, Class A apartment complex in the heart of Avondale’s rapidly expanding community. The property will feature luxury unit interiors, a resort style pool, state of the art fitness center, furnished outdoor lounge, and more. The land is
Phoenix — Orion Investment Real Estate has arranged the purchase of a retail property located at the northwest corner of 53rd Avenue and Bell Road in Phoenix. Corridor Living LLC acquired the building from McLean Holdings for $3.1 million. Four tenants fully occupied the 8,318-square-foot property at
The Greater Phoenix Chapter of the Institute of Real Estate Management (IREM), an international community of real estate managers dedicated to ethical business practices, has announced its leadership and
Goodyear, Ariz. — ORION Investment Real Estate has brokered the sale of Central Marketplace, a 62,000-square-foot retail center located in the Phoenix suburb of Goodyear. A California-based seller sold the asset to an
Mesa, AZ – Nick Miner, CCIM of ORION Investment Real Estate reports selling a 100% occupied property at 1258 West Baseline Road for $1,500,000 or $123 per square foot and a 7.1% cap rate.
ORION Investment Real Estate announced the sale of a rare redevelopment opportunity situated on Central Avenue and Coolidge Street in Midtown Phoenix. The infill location is part of the City of Phoenix Grand Canalscape Program, which offers a
Michael Achtman with Orion Investment Real Estate represented Chapter in the lease, and CBRE Group Inc.’s Corey Hawley and Bryan Taute represented the building owner.According to CBRE research, office vacancy in
ORION Investment Real Estate is pleased to announce it has expanded its healthcare division with the formation of M|T Healthcare Partners, founded by Marina Hammersmith, CCIM and Tyrel Williams, CPM®.M|T Healthcare Partners is a full-service healthcare real estate practice specializing in tenant/buyer representation, medical
Linda Fritz-Salazar, vice president of Orion Investment Real Estate, said 18 deals over $100 million have closed in metro Phoenix since Jan. 1, 2020, with 15 of them closing this year.One of those deals was The Stewart, which commanded a $125.5 million price tag after being sold to New York Life Real Estate Investors,
Dobson Town Place, a 44,000 square-foot single-story medical and professional office in south Chandler, sold today for $10,300,000 or $232 per square foot. James “J.T.” Taylor of ORION Investment Real Estate represented the Seller, Off Five LLC, in the transaction. The Buyer, Stratton Road Realty LLC, is expanding their footprint in the
Historically, commercial real estate has been a male-dominated industry, so those women who do enter the field often have to work twice as hard to succeed. Many of those who make it to the top credit their success to strong female role models who supported their choices, strengthened their confidence and allowed
PHOENIX – Casa Monte Vista Apartments, a 45-unit complex located at the base of South Mountain, traded today for $5,995,000 or $133,222/door. Casa Monte Vista Apartments was constructed in 1985 and is located at 120 West Dobbins in Phoenix, AZ. Zack Mishkin and Jackson Everhart of ORION Investment Real Estate represented the Seller, 2420 W […]
It takes more than a pandemic to hold back strong women. COVID-19 may have delayed their in-person recognition a year, but with restrictions lifted and COVID-19 numbers under control, AZ Business and AZRE magazines’ Most Influential Women in Arizona of
TEMPE, ARIZONA – 2010 South Rural Road, formerly Dominic’s 2-Wheeler, sold today for $1,395,000 or $287 per square foot. Nick Miner of ORION Investment Real Estate represented the Seller DBM Wheelers, LLC, the former owner/operator of the building. The Buyer, 1216 Avenida Chelsea, LLC, was
There are plenty of reasons Fox Cigar would want to open in this area of Tempe, including its proximity to large shopping and dining districts like Tempe Marketplace and its quick freeway access. It is also close to large residential areas in Tempe and
47.1 acres of land in Apache Junction, located at Idaho Road, Old West Highway, and Apache Trail sold this past week for a total of $5,800,000 across four separate transactions, which breaks down to $2.83 per square foot for the total land area.
A 7.2-acre commercial parcel of land in Buckeye, located off of Interstate 10 and Miller Road, traded this past week for $2,350,000 or $7.47 per square foot. Nick Miner, CCIM and J.T. Taylor of ORION Investment Real Estate represented the Seller entity
The Hardy luxury townhomes, located at 909 West 2nd Street, sold today for $10,000,000, $500,000/unit, or $292.91/square foot. This is the highest price per unit recorded in the past two years for a 20+ unit multifamily project in the Phoenix Metropolitan Area