Limited Commercial (LC) Zoning

2055 South Power Rd.

Mesa, AZ

Click here to view the Redevelopment Project RFP!

Raising Canes Ground Lease Sells to ARCP

It’s official: We are thrilled to announce that as of Friday, May 23, the Raising Cane’s Chicken Fingers property located at our Gateway Crossing shopping complex was sold to American Realty Capital Properties, the largest publicly traded net lease REIT in the country.

Stan Johnson Company (Brad Richardson, Associate Director), one of the nation’s leading commercial real estate brokerage and advisory firms, as well as our team here at Mutual Property Advisors (Jessica Vercellino, Designated Broker) represented the seller.

Looking forward, this is great news for their already successful concept!!!

The Mediterranean Grill – GRAND OPENING!


14880 N. Northsite Blvd, Suite 103
Scottsdale, Arizona


Mutual Property Advisors is proud to announce that The Mediterranean Grill will be opening to the public on November 1, 2012!

Milagro Grill – Opens August 27, 2012!

Mutual Property Advisors is proud to announce that Milagro Grill, in Arcadia, will be open to the public on August 27th!

Milagro Grill is Located at 4280 E. Indian School Road, Ste. 110, Phoenix, Arizona

Click here to visit them on facebook and “like” their page for updates!


Mexican-American Fusion Restaurant Coming to Arcadia

By Laura Hahnefeld Mon., Jul. 9 2012 at 9:00 AM -

“I grew up in Arcadia, and went to Arcadia High School, so this location just felt right.”

That’s Reed Johnson, owner of Milagro Grill, a new Mexican-American fusion restaurant planned to open in mid-August at 4280 East Indian School Road, at the corner of a strip mall and in the former home of Joey’s of Chicago. Johnson, who’s been in the restaurant business for years, tells me Milagro Grill is the first restaurant he’s owned and that he’s excited about the location (In the last few months, the stretch of Indian School Road between 36th and 56th streets, has become a popular place for new establishments.).

Heading up Milagro Grill’s cuisine is chef James Fox, who was most recently at Big Earl’s BBQ in Scottsdale after working with chef Matt Carter at The Mission and Zinc Bistro and spending time in Mexico as a personal chef.

Click Here to read the full article.

CMBS Market Active, But Volume Still Dashes Hopes

Aug 1, 2012 12:47 PM, By Elaine Misonzhnik, Senior Associate Editor
Article by: National Real Estate Investor


Year-to-date, the U.S. commercial real estate market saw $22.5 billion in new CMBS issuance, according to Commercial Mortgage Alert, an industry newsletter. Somewhere close to $10 billion in additional deals might come to market in the coming months, according to Commercial Real Estate Direct, another industry publication. That would put 2012’s non-agency CMBS volume on par with 2011’s $32.9 billion, but fall $15 to $20 billion short of earlier expectations, according to Ken Cheng, managing director for CMBS new issuance ratings with Horsham, Pa.-based Morningstar Credit Ratings LLC.

Click Here to read the full article.

Foreclosures are rising in 21 states, but don’t panic yet

foreclosures in states

Source: | March 15, 2012

Nationally, foreclosures are creeping downward: The total number of new foreclosure filings dropped 2 percent from January to February, according to RealtyTrac and that’s an 8 percent decrease from February 2011. Completed foreclosures fell 13 percent in January over the previous year. That said, new foreclosures are still rising in more than 20 states mostly in the Midwest and on the East Coast and that’s a trend that’s expected to continue in the coming months.

Why? It’s in large part due to the recent $25 billion settlement over faulty foreclosure practices. Foreclosure proceedings had been stalled while the deal was being worked out, and states are moving to clear the backlog now that the settlement has provided a clear roadmap for moving forward, according to Brandon Moore, CEO of RealtyTrac, the foreclosure sales company that conducted the survey.

In the short term, the new foreclosures could risk depressing housing prices, which just increased in February for the first time in 18 months. But the national trend suggests that the foreclosure crisis is finally showing signs of abating.

[Read this article]

More Buyers, Fewer Homes For Sale


Source: | March 14, 2012

Homebuyers are out there, but they’re finding fewer homes for sale than they were a year ago, according to the latest data from In February, the number of homes listed for sale rose a meager 0.5 percent from January, but fell 22 percent from the same time last year. The median time a home spent on the market fell nearly 10 percent to 111 days, indicating they’re selling faster. Demand for homes typically ramps up toward spring, when many buyers want to complete the transaction and be settled in by the time school starts. Prices also rose to reflect demand. Of the 146 markets tracked by, 106 of them saw an increase in asking price of 6.8 percent overall since last year. The median asking price of the 1.78 million homes nationwide is $188,000.

[Read this article]

The Joint – Coming Soon to the Gateway Crossing Shopping Center!


The Joint is the latest concept in chiropractic care and has been popping up all over the Valley. We are proud to announce they will be coming soon to the Gateway Crossing Shopping Center at 99th Avenue & McDowell, in Avondale. Construction is currently wrapping up. Look for them to open next week!

You can visit The Joint’s website at: to get membership information and to find a location near you!

“The Joint offers an alternative approach to healthcare, based on the age old practice of restoring balance by promoting your body’s ability to heal itself. Predicated on the vision that quality of life can be improved through chiropractic care, The Joint brings affordable and convenient chiropractic maintenance services to locally owned and operated clinics nationwide. With the help of dedicated and experienced chiropractors, each clinic offers excellent chiropractic care. At The Joint we are committed to identifying and addressing your health needs.”

Welcome to our new site!

If you’ve been here before, you probably immediately noticed we have undergone some exciting changes to the look and functionality of our site! We will continue to make changes to improve our site to better serve our agents, customers, clients and friends. Please browse around and let us know what you think of the changes by leaving us a comment in our comments section. Your input matters!

Don’t forget to follow us on facebook and twitter for updates on real estate news and other stories!


From the Team at Mutual Property Advisors