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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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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Desert Sky Mall Adjacent Pad Shops Sell

Located at the heavily trafficked intersection of Thomas Road and 75th Avenue, Desert Sky Festival Pad Shops sold within the center for a combined price of $6,680,000 ($336/SF).

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Medical Office Trades in Desirable South Scottsdale Submarket

Situated along Civic Center Plaza, the ±16,919 square foot Scottsdale Medical Building closed for $2,650,000 ($156.63/SF). The building sits adjacent to HonorHealth Scottsdale Osborn Medical Center.

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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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