ADAM LYONS (Chief Research Officer and Director of DoodleDocs)
MERITAGE HOMES BACK IN LOT BUYING BUSINESS . . . PICKS UP 87 HOME SITES ON WEST SIDE
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Acquisition of a Scottsdale Medical Plaza
April 21, 2000 Volume VI, Number 16 MEDICAL OFFICE ON SCOTTSDALE ROAD SOLD IN $5+ MILLION DEAL Scottsdale -- A company formed by investor Ricky Lyons of Champion
Partners in Scottsdale paid $5.125 million to purchase a 48,362-square-foot
medical office project at 10900 N. Scottsdale Road in Scottsdale.
The seller was a company formed by principals of Integrated
Property Management in Denver (Loren Snyder and Bruce Deifik).
The transaction was brokered by Eric Wichterman and Jeff Hartland
of Grubb & Ellis Co. in Phoenix, and Mike Auther and Cam
Stanton of CB Richard Ellis in Phoenix. The six-building development
is reported to be 91 percent occupied. The single-story project
is called Scottsdale Professional Plaza. Leasing to be handled
by NAI Horizon in Phoenix. No word on management. Acquisition
of the Scottsdale medical plaza is the first purchase for Lyons
in the Valley. Sources say Lyons is interested in acquiring
additional office buildings in the Phoenix area . . . also looking
at industrial and retail properties. Get more from Lyons at
(480) 922-9212. Reach Snyder and Deifik at (303) 691-8665. Talk
to the Grubb & Ellis agents at (602) 954-9000. Catch Auther
and Stanton at (602) 735-5555. Business
Real Estate Weekly & The P&Z Report
Paseo Family Physicians Leases at Arrowhead Commons
April 30, 2004 Volume X, Number 17 COMMERCIAL TRANSACTIONS Glendale ? A company formed by Valley physicians Kevin
Turner, Graeme Tolson, Joe Raynak and Eric Honing paid just
over $2.363 million to purchase 15,507 sq. ft. of office space
in two buildings at 18275 N. 59th Avenue in Glendale. The seller
was a partnership formed by investor Ricky Lyons of Champion
Partners in Scottsdale. The deal was negotiated by Tom Weinhold
of NAI Horizon Commercial Real Estate Services in Phoenix, and
Dale Cavan of Cavan Commercial in Scottsdale. The offices are
within the 14-building Arrowhead Commons project. Paseo Family
Physicians (a medical practice owned by the physicians) will
occupy about 9,000 sq. ft. of a 12,750-square-foot building.
The remainder of that space will be leased to two medical tenants.
The other 2,707 sq. ft., which is part of a 5,520-square-foot
structure, has been leased to another medical practice.
Mescal Joint Venture Acquires 48,000 SQ.FT. Medical office in Scottsdale, Arizona
Business Real Estate
Weekly & The P&Z Report
Mescal Joint Venture Acquires 48,000 SQ.FT. Medical office in Scottsdale, Arizona Newport Beach: Newport Capital Advisors, a real estate finance firm, today announced that it has arranged financing for a newly formed joint venture partnership, Mescal Partners, LLC, to acquire a 48,000 square foot medical office complex in Scottsdale, Arizona. The complex will be refurbished and repositioned to take advantage of the increasing demand for medical office space in the greater Scottsdale area. The Mescal Partners, LLC joint-venture consists of development firms J.R. Properties, L.L.C., Champion Partners L.L.C and Dana Commercial Credit, an Austin, Texas-based wholly-owned commercial finance subsidary of Dana Corporation (NYSE: DCN), a fortune 200 company. Dana Commercial Credit will provide the equity capital required to complete the acquisitions and repositioning. First Bank of Arizona N.A. has provided acquisition financing to the venture totaling $4.865 million. "The venture between Dana Commercial Credit, Rothbard & Associates and Champion Partners combines an aggressive source of long-term capital with two proven development leaders," said Richard Harris, managing director of Newport Capital Advisors. "The venture plans to develop a sizeable portfolio of assets over the next eighteen months and is currently looking at multiple project opportunities." Champion Partners L.L.C, lead by president Ricky Lyons, is a development firm with a focus on commercial real estate development and investments. Between Champion and its partner SG, Inc. (formerly The Shell Group Inc.), they have developed over 5 million square feet of retail commercial, sold over 130,000 time share units, converted over 2000 condominium units, owned and managed over 1,500 hotel rooms, acquired more than 5,000 residential and rental apartments and more than 500 congregate care housing units. Champion has offices in Scottsdale Arizona and Northbrook, Illinois. J.R. Properties L.L.C, led by Jeff Rothbard, with his affiliates, have developed more than 4.2 million square feet of retail centers throughout the U.S. since being formed in 1970. Jeff Rothbard, principal of Rothbard & Associates, now focuses on properties located throughout the Western U.S. Newport Capital Advisors is a real estate finance company based in Newport Beach, California. The company and its affiliates arranges a wide range of real estate financing including joint-venture equity capital, tax-exempt bond refundings, structured finance, and provides real estate advisors services. Clients of the firm include real estate companies, developers, pension fund advisors, commercial finance companies, and investors.  More... RSS-
PHOENIX INVESTOR PAYS $7.9 MILLION FOR MEDICAL OFFICE PROPERTY ON SCOTTSDALE ROAD
June 21, 2002 Volume VIII, Number 24 PHOENIX INVESTOR PAYS $7.9 MILLION FOR MEDICAL OFFICE PROPERTY ON SCOTTSDALE ROAD Scottsdale ? A company formed by investor Neil Ginsberg
of Pinnacle Diversified in Phoenix paid $7.9 million to purchase
a 46,425-square-foot medical office project at 10900 N. Scottsdale
Road in Scottsdale. The seller was a company formed by investor
Ricky Lyons of Champion Partners in Scottsdale. The sale was
negotiated through Dennis Desmond and Trevor Klinkhammer of
Insignia ESG in Phoenix, and Tom Weinhold of NAI Horizon Real
Estate Group Inc. in Phoenix. The six-building complex is reported
to be 94 percent occupied. NAI Horizon to manage and lease the
project. Over the years, BREW has reported Ginsberg buying and
selling a number of income-producing properties in the Phoenix
area. Ginsberg is interested in acquiring additional real estate
assets in the Valley. In April 2000, BREW reported Lyons paying
$5.125 million to purchase the Scottsdale Road medical offices.
Sources say Lyons may be interested in buying additional income-producing
properties in the Phoenix area. Learn more from Ginsberg at
(602) 750-3446. Talk to Lyons at (480) 922-9212. Call Weinhold
at (602) 955-4000. Reach Desmond and Klinkhammer at (602) 912-1700. |
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10450 N 74th St #100, Scottsdale, AZ 85258 |
An Arizona Commercial Real Estate Development Company |
