Author Archives: AZRE


About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.

P.B. Bell set to open The View at Cascade

The View

P.B. Bell, a leader in multi-family housing development, management and acquisitions, is preparing to open The View at Cascade, its newest community in Scottsdale.  Located at Scottsdale Road and the Loop 101, The View at Cascade is a modern, luxurious community that features one- and two-bedroom residences nestled in an upscale, resort-style atmosphere. The community… Read More →

Will to Win: The Evolution of NAIOP Arizona

Night at the fights
October 3, 2015 by in AZRE Magazine | Events | Featured | In The Spotlight

NAIOP Arizona’s events can draw a crowd. About 750 people attended the group’s signature Night at the Fights event in 2015. However, commercial success was an effort of dozens of chairmen, formerly referred to as presidents. In fact, one former chairman joked that all you had to do was miss the wrong meeting to be “awarded”… Read More →

North Loop 101 business center sells for more than $41M

N  Loop 101 Photo

CBRE has announced the sale of North Loop 101 Business Center in Phoenix. The class A, multi-tenant business park is comprised of four buildings: 950, 960 West Behrend Drive and 19810, 19820 North 7th Avenue. The property commanded a sale price of $41.75 million. Dan Calihan, Ashley Brooks, Pat Feeney and Rusty Kennedy with CBRE’s… Read More →

Gail Brown, JD joins the GPE brokerage team  Sergey Nivens
October 3, 2015 by in AZRE Magazine | Newsmakers

GPE Commercial Advisors has announced the addition of Gail Brown, JD, Associate Vice President to the GPE Team. Gail comes to GPE with 30 years of experience as a real estate investor, one and one-half years as a commercial real estate salesperson with KW Commercial, 13 years as owner of a commercial contracting company and 8… Read More →

The Standard is Old Town Scottsdale’s newest resident

The Standard Exterior Rendering

Experience innovative luxury living at Scottsdale’s newest apartment community, The Standard. Located in the heart of downtown Scottsdale’s thriving cultural and social hub, comes a host of unique apartment homes, drawing inspiration from mid-century modern style. Adjacent to the Hotel Valley Ho, an iconic 1950s landmark, The Standard blends design elements from the era with… Read More →

Lincoln Property signs 552,330 SF Phx industrial lease


Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley. The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren Street in Phoenix. It will use… Read More →

RedFlex signs 2 leases to relocate operations

Talavi Corp Center Side Exterior, AZ
October 2, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Redflex Traffic Systems has signed two leases to relocate its Phoenix office operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ. Senior Directors Blaine Black, Sam Murik and Don Rodie and Associate Robb Vallier with Cushman & Wakefield represented… Read More →

NAU archaeologists document historic sites with 3D technology Kirill Cherezov

Imagine being able to look at a historical site from every angle, measure the smallest details on the interior and identify how to preserve it without ever touching it. Photogrammetry technology combines hundreds of overlapping high resolution images taken with a digital camera mounted on a pole to create a 3D color virtual model of… Read More →

JLL’s Bill Honsaker named to GPEC Board of Directors

October 1, 2015 by in AZRE Magazine | Newsmakers

JLL Managing Director Bill Honsaker is one of eight new members just named to the Greater Phoenix Economic Council’s (GPEC) 2015-2016 Board of Directors. An award-winning broker in the Phoenix office of JLL, Honsaker has 25 years of experience in the commercial real estate industry. In that time, he has served as an active GPEC Certified… Read More →

Colliers completes $13.25M sale of Biltmore property

The District at Biltmore
September 30, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed the $13.25 million sale of 150,000 square feet of buildings located on 4.4-acres of property in Phoenix. The property will be razed and a new upscale multifamily community constructed on the land. Kaplan Acquisitions LLC of Scottsdale purchased the property, located at 4602 N. 24th St. Colliers International… Read More →

Demand strong as sales start for $40M Edison Midtown

Edison Midtown, Deco Communities
September 30, 2015 by in AZRE Magazine | Featured | Multi-Family | New to Market

With all eyes on the Downtown Phoenix development scene, one of the most anticipated projects of the year has kicked off sales with a strong demand from area buyers looking to invest in growing Midtown Phoenix. Edison Midtown, the urban contemporary midrise by Deco Communities officially launched its sales this week with the opening of a… Read More →

CBRE completes three major multifamily sales

Shade at Desert Ridge Village

Copper Palms CBRE has completed the sale of Copper Palms apartments, a 206-unit apartment community located at 12810 N. Cave Creek Road in Phoenix. The property commanded a sale price of $13.9 million and was 95 percent occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office… Read More →

Project News: September/October 2015

The Row, Chandler

Rowing Away The Row, a retail and entertainment property destined to kickstart downtown Chandler’s culture hub, has been delayed. As of press time, The Row’s expected 2015 groundbreaking is being delayed due to City of Chandler and developer agreements that need to be finalized. An issue, as reported by the Arizona Republic, includes potential need… Read More →

Rosecrest Apartments in the heart of midtown sells for $929K


ORION announced that Rosecrest Apartments has sold for $929,000, or $61,933/unit. The property is well-located in the heart of Midtown on 3rd Avenue and Camelback Road. Situated on an approximate half-acre of land, Rosecrest Apartments is comprised of three block-constructed buildings totaling 15 units. The property is individually metered for electricity and was 100% occupied… Read More →

LevRose facilitates sale of iconic Arizona building

September 28, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, facilitated the sale of the Arizona School of Real Estate & Business building in Scottsdale for $7.7 million last week. Located at 7142 E. 1st Street in downtown Scottsdale, the 17,711 square-foot building is situated on 51,350 square feet of land and… Read More →