Orion Investment Arranges $2M Sale of Red Devil Center in Tempe

Orion Investment Real Estate has arranged the $2 million sale of Red Devil Center, an 18,170-square-foot shopping center located near Arizona State University in Tempe.

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Tempe Retail Center Sells for $7.5M

The building was renovated in 2014 and has been recently repainted. The stabilized center was 92 percent occupied at the time of the sale with a great mix of local and regional tenants.

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South Tempe’s Countryside Specialty Shops Trades for $7.5M

ORION Investment Real Estate is proud to announce the sale of this approximately 31,723 square foot, vibrant retail strip center on the northwest corner of McClintock Drive and Warner Road.

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Multi-Tenant Strip Center Trades in Glendale

GLENDALE – Neighboring the Historic Manistee Ranch Park, and Walgreens adjacent, Manistee Ranch Park Shops trades for $1,100,000 ($138.50/SF). The center was 92% occupied at close of escrow.

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West Valley Complex Sold to Canadian Group for $38.25M

The 328-unit Tamarron Apartments on 99th Avenue near Indian School Road in west Phoenix has been sold to a Canadian buyer for $38.25 million.

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Center Near “Industrial Employment Hub” closes for $2.76M

“The sale of Lower Buckeye Plaza is a perfect example of ORION’s team utilizing an existing relationship to help fulfill an investor’s 1031 exchange.”

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13 Empty Big-Box Store Buildings In Metro Phoenix

New and recovering retailers – and developers willing to take risks on adaptive-reuse projects – have slowly filled some of the Phoenix area’s scores of vacant big-box store buildings.

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Tamarron Apartments Sell for $38 Million

“The buyer…researched the Phoenix market and he feels confident that Tamarron’s location, condition and amenities are well-suited for a long term hold,” said Joseph Dietz.

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Foothills Park Plaza Returning to its Former Glory

Foothills Park Plaza, a 20,173-square-foot retail center, closed for $3,125,000. The center is 78% occupied with a good mix of service and retail tenants.

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Washington Group Sells Once Distressed Ahwatukee Center

Newport Beach, California-based Branch Investment Group has bought a once distressed shopping center in Ahwatukee for $3.1 million.

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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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