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Developer secures large loan for multibillion-dollar Tempe Town Lake project

May 25, 2023

Developer South Pier Tempe Holdings LLC, a subsidiary of McBride-Cohen Management, has obtained a $223 million loan from Banco Inbursa and Pearlmark to finance the

Developer secures large loan for multibillion-dollar Tempe Town Lake project

Developer South Pier Tempe Holdings LLC, a subsidiary of McBride-Cohen Management, has obtained a $223 million loan from Banco Inbursa and Pearlmark to finance the completion of the first phase of the South Pier mixed-use project in Tempe, Arizona. The project spans 18 acres and includes three apartment

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Developer secures large loan for multibillion-dollar Tempe Town Lake project

Developer South Pier Tempe Holdings LLC, a subsidiary of McBride-Cohen Management, has obtained a $223 million loan from...

<img width="1596" height="884" src="https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM.png" class="attachment-full size-full wp-image-9199" alt="" decoding="async" srcset="https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM.png 1596w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-300x166.png 300w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-1024x567.png 1024w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-768x425.png 768w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-1536x851.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" />

Bourbon and Bones Chophouse opens new Valley location: more real estate deals to know

An industrial building in Glendale, Arizona, part of the Falcon Park 303 project, was sold for nearly $82...

<img width="1400" height="948" src="https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.04.02-PM.png" class="attachment-full size-full wp-image-9196" alt="" decoding="async" srcset="https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.04.02-PM.png 1400w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.04.02-PM-300x203.png 300w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.04.02-PM-1024x693.png 1024w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.04.02-PM-768x520.png 768w" sizes="(max-width: 1400px) 100vw, 1400px" />

Grocery-Anchored Retail Lures More Investors Coming Out of COVID

The focus of retail investment has shifted to neighborhood grocery stores, which have proven to be reliable amid...

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Developer secures large loan for multibillion-dollar Tempe Town Lake project

May 25, 2023

Developer South Pier Tempe Holdings LLC, a subsidiary of McBride-Cohen...

<img width="1596" height="884" src="https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM.png" class="attachment-full size-full wp-image-9199" alt="" decoding="async" srcset="https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM.png 1596w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-300x166.png 300w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-1024x567.png 1024w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-768x425.png 768w, https://levrose.com/wp-content/uploads/2023/05/Screen-Shot-2023-05-25-at-1.05.40-PM-1536x851.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" />

Bourbon and Bones Chophouse opens new Valley location: more real estate deals to know

May 25, 2023

An industrial building in Glendale, Arizona, part of the Falcon...

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Grocery-Anchored Retail Lures More Investors Coming Out of COVID

May 25, 2023

The focus of retail investment has shifted to neighborhood grocery...

Merger of 2 Net Lease REITs Will Create $9.6B Giant

May 25, 2023

Global Net Lease and The Necessity Retail REIT, two publicly...

CBRE: Optimistic Outlook and Redevelopment Strategies in Retail

May 25, 2023

CBRE highlighted robust fundamentals in the retail sector despite economic...

Voters reject plan for new Arizona Coyotes arena in Tempe: Will the franchise relocate?

May 18, 2023

Voters in Tempe, Arizona rejected a proposal for an entertainment...

Regional Banking Crisis Dooms More Bank Branches

May 18, 2023

The recent failures of Silicon Valley Bank, Signature Bank, and...

Fire Sales On The Rise As Office Owners Read The Writing On The Wall

May 18, 2023

Office owners across the country are selling distressed properties at...

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Frequently asked questions

What is a Full-Service Lease Rate? What does it mean and what does it include?

A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.

What is a Mod Gross Lease rate? What does it mean and what does it include?

A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.

What is NNN?

A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.

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