Acacia Capital Corp. Acquires 699 Units from $61-$67 a foot

By Adam Lyons in : News // Jul 2 2010
 

Acacia Capital Corp. Acquires 699 Units from $61-$67 a foot

MESA, AZ-Acacia Capital Corp. has spent $33.4 million on two class B multifamily properties totaling 699 units. The San Mateo, CA-based buyer acquired the 1980s-era communities from an undisclosed seller.

The properties are: Verona Park, a 304-unit community located at 1666 …(continued)…

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807 acres of “solar energy zoned” land in Gila Bend likely to be acquired

By Adam Lyons in : News // Jun 30 2010
 

807 acres of “solar energy zoned” land in Gila Bend likely to be acquired

Solar energy zoned land might be a hot commodity in Arizona

Only 5 days ago Pacific Blue Energy announced a strategic partnership with Patriot Solar Inc. in the development of commercial solar farms in the Southwestern United States. Today, the announcement …(continued)…

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PASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million

By Adam Lyons in : News // Jun 29 2010
 

PASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million

SCOTTSDALE, AZ-After an abbreviated due diligence period and speedy closing, PASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million, which translates into a sub-6% cap rate.

Goodman says PASSCO has no immediate plans to convert the property. …(continued)…

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Arizona home prices increase slightly in June

By Adam Lyons in : News // Jun 29 2010
 

Arizona home prices increase slightly in June

NEW YORK – Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.

Last week, the government reported that …(continued)…

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