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The Phoenix industrial real estate market remained steadfast and unwavering during the third quarter, producing strong activity yet again and reflecting the consistent demand this industrial market has shown cycle after cycle, according to Kidder Mathews' latest market report for the Phoenix commercial real estate industrial market.
On the advice of commercial real estate broker Jim Klinger, then of Kidder Mathews but now retired, Vulcan bought parcel after parcel in the South Lake Union area. By 2001, Vulcan had spent $200 million buying 53 acres in South Lake Union, where the company developed Amazon.com Inc's headquarters.
Ivanoff said former Vulcan Inc.'s real estate chief Larry Martin "really advanced the game" for Allen, taking down land with Jim Klinger, who was a real estate broker with Kidder Mathews but is now retired.
"The subject asset is located in the epicenter of the prime retail corridor between Pine and Pike," Yang said. "With all the growth and upcoming changes in downtown Seattle, Al Zarooni group is excited about an opportunity to redevelop a project at this phenomenal location down the road."
The retail brokerage team of Chuck Wells, Trask Switzenberg, Darrell DeShaw, and Justin DiBiase has joined Kidder Mathews' Phoenix office.
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Commercial real estate firm, Kidder Mathews, announced it has opened an office in Glendale, California and has recruited five local brokers. This marks the firm's seventh Southern California office to open in the past three years.
Casa Loma, a 48-unit multifamily community located at 218 West Clemmens Lane in Fallbrook, California, has sold for $6,900,000 to Efren R. Cota Ltd., a private investment company.
Kidder Mathews commercial real estate brokers, Dave Speers, Jason Rosauer, and Rob Anderson, represented the seller, 1518 Fifth Avenue, LLC, in the transaction. The buyer, ARZCO 1 Investment, was represented by Holly Yang and Sophia Wong, also with K
Retail brokerage team, Chuck Wells, Trask Switzenberg, Darrell DeShaw, and Justin DiBiase, have joined Kidder Mathews' Phoenix office. Prior to Kidder Mathews, the team was with Advisors Commercial Real Estate in Phoenix.
The transaction, brokered by Kidder Mathews' multifamily brokers, Philip Assouad and Giovanni Napoli, along with Dave Schumacher of Colliers International, represents the first joint venture between the companies.
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