www.cbre.com/ipmetrophoenix

Week of April 6-12, 2015 

Team News and Notes

• New to the Market ::  420 & 501 Mill Avenue , ±39,376 iconic Mill Avenue Retail Opportunity. To view more on this offering Click Here

Top Sales Transactions

Palm Valley Medical Plaza :: Goodyear, AZ
Price: $7,800,000 ($200 PSF)
Size: ±39,048 SF; 100% Occupied
Type: Multi-Tenant, Two-Story, Medical Office Building
Buyer: American Realty Capital Properties
Seller: Hassert Limited Partnership

4333 North Scottsdale Road :: Scottsdale, AZ
Price: $3,000,000 ($250 PSF)
Size: 12,000 SF; 100% Vacant
Type: Single-Tenant, Two-Story, Retail/Office Building
Buyer: The Hudye Group
Seller: Legacy Holdings, Inc.

Kneaders Bakery (2030 East Elliot Road) :: Tempe, AZ
Price: $2,650,000 ($463 PSF)
Size: ±5,728 SF; 100% Occupied
Type: Single-Tenant, Single-Story, Freestanding Retail Building
Buyer: Joseph Lapan & Mary Musgrove
Seller: Four Foods Group (Kneaders Bakery)

Top Stories

1. Banner Health to Relocate HQ to Midtown Phoenix
   The Arizona Republic – April 8, 2015
   Click Here to access full article
    
2. Phoenix May Sell Downtown Sheraton Hotel
   The Arizona Republic – April 10, 2015
   Click Here to access full article
    
3. Get Ready for Arizona's Tech Boom
   Phoenix Business Journal – April 8, 2015
   Click Here to access full article
    
4. Velocity: Accelerating Phoenix’s Emergence as an Innovation Economy
   Brookings – April 9, 2015
   Click Here to access full article
    
5. Venture Capital is Blooming in the Desert
   Tech Connect – April 7, 2015
   Click Here to access full article
    
6. GE Close to Selling Real-Estate Holdings
   The Wall Street Journal – April 9, 2015
   Click Here to access full article
    
7. The Humbling of Big Finance
   The Wall Street Journal – April 10, 2015
   Click Here to access full article
    
8. The Paradox of Soil
   The Economist – April 4, 2015
   Click Here to access full article
    
9. Is Your Job ‘Routine’? If So, It’s Probably Disappearing
   The Wall Street Journal – April 8, 2015
   Click Here to access full article
    
10. For Drinking Water in Drought, California Looks Warily to Sea
    The New York Times – April 11, 2015
    Click Here to access full article

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