News Room
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245 West Roosevelt
"While adaptive reuse has been a popular trend for older properties in Phoenix, The Power Apartments, a Federal Revival Style building located on North 3rd Avenue, is going back to its historic roots in what is being called an 'adaptive restoration' showcase."
"Originally developed in 1914 as an apartment building, this redeveloped office building will have its grand opening in October, coming back to the market as 12 apartment units. On the eve of its 105th anniversary, this rehabilitation captures the essence of a modern transformational property..." (read more...) |
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3271 N Civic Center Plaza
"The Phoenix Kidder Mathews healthcare team announced the sale of 3271 N. Civic Center Plaza, a 16,919-square-foot medical office building in the South Scottsdale submarket. The asset commanded a sale price of $3.4 million ($200.96 per square foot).
The team of Senior Vice President Michael Dupuy and Vice President Rachael Thompson negotiated the sale on behalf of owner 6 Turns, LLC, a subsidiary of SEBO Enterprises, LLC." (read more...) |
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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 $2.65 million ($156.63 PSF). The building sits adjacent to HonorHealth Scottsdale Osborn Medical Center. Nearby amenities include Scottsdale Stadium, Civic Center Mall, Scottsdale Fashion Square, and Old Town Scottsdale’s shopping, bars and restaurants. (read more)
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The Haven
"Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the Haven, a fully renovated apartment community updated in 2016 and located in the uptown Phoenix corridor." (read more...)
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Historic Roosevelt Building to Become Apartments
By the beginning of next April, downtown Phoenix will be home to yet another residential development when a historic office building on Roosevelt Row is restored back to its original purpose: multi-family housing.
Built in 1922, the historic building located at 402 W Roosevelt Street once housed eight apartments across its two stories. (read more) |
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Loft 6
"A Dubai investor has bought a boutique loft project in Old Town Scottsdale. Maissan Almaskati’s Marcher Arizona LLC bought the Loft 6 apartments on Second Street in Scottsdale for $1.15 million. The deal translates into just under $191,700 per unit. The seller was Bryan O’Keefe’s K Squared Properties LLC." (read more...)
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