Surprise

Newmark Secures $151M In Financing For 30-Property Industrial Portfolio In Arizona

Via rebusinessonline.com PHOENIX — Newmark has secured $151 million in financing for a 30-property industrial portfolio in Arizona. The portfolio contains more than 4 million square feet of space occupied by more than 1,000 tenants. The 15-year non-recourse loan features a rate below 4 percent. The portfolio is a mix of light industrial / manufacturing buildings with small to medium bay depths. The properties are located in Phoenix, Tempe, Mesa,

Christopher Todd Communities Offers Alternative to Home Ownership

Via azbigmedia.com Christopher Todd Communities, a new Arizona-based developer of private single-family, luxury rental homes, has kicked off the company’s first innovative “horizontal” rental community located at the southwest corner of Greenway Road and Litchfield Drive in Surprise, Arizona.   Horizontal rental living is a new trend, now seen only in a few other markets. Unlike the typical vertical apartment complexes that are two or more stories, horizontal communities are single