Author Archives: AZRE

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.

75th & Peoria Shopping Center gets new ownership and name

Peoria

Capital Asset Management (CAM), Phoenix, teamed up with Cottonwood Equity, LLC, based in Salt Lake City, to purchase the 59,839 sq-ft 75th & Peoria Shopping Center located at the southwest corner of Peoria and 75th Ave. With this purchase, CAM and Cottonwood Equity will focus their efforts over the next six months on a considerable… Read More →

Ascend at Chandler Airport Center breaks ground

Building C at Ascend

Irgens has announced that it is breaking ground on the first phase of the Ascend at Chandler Airport Center Corporate Campus as construction begins on the 81,712-square-foot single story Building C. It represents the first of four phases in what is planned to be a 400,000-square-foot campus build out. Construction of Building C is scheduled… Read More →

Wood breaks ground on Alta Fillmore in downtown Phoenix

alta filmore

Wood Partners, LLC has broken ground on Alta Fillmore, a 4.1-acre multifamily community located on Fillmore Street in the heart of downtown Phoenix that will offer 230 units with superior amenities and high-end finishes in the middle of an incredible array of walkable amenities and employment opportunities. Leasing is expected to begin in the third quarter… Read More →

Desert Ridge Corporate Center reaches 95% occupancy

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September 2, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Two office leases totalling 47,372 SF were leased at Desert Ridge Corporate Center I and II, 20830-20860 N. Tatum Blvd., in Phoenix. These transactions bring occupancy in both buildings to 95 percent. Lee & Associates principals Craig Coppola, Bill Blake, Colton Trauter, Andrew Cheney and Associate Gregg Kafka, represented the landlord in both of these… Read More →

C & W | PICOR end of August recent transactions

123rf:  Andriy Popov
September 1, 2015 by in AZRE Magazine | Brokerage | New to Market

SALE OVA Enterprises, LLC purchased 45,000 square feet of vacant land, Lots 15–16, in Cochise Industrial Park in Douglas, Arizona, for $350,000 from Thomas Investment Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, and Robert Maloney with Tierra Antigua Realty in Sierra Vista, Arizona, represented the seller in this transaction. HANAN INV, LLC purchased a… Read More →

Keyser continues to grow with the addition of Mark Hirth

KeyserMike-3.092912
August 31, 2015 by in AZRE Magazine | Newsmakers

Keyser has announced that Mike Hirth has joined their growing team. “I am thrilled to be able to welcome Mike to our firm”, said founder Jonathan Keyser.  “With his extensive background and diverse industry experience, I am confident that he brings the right leadership and expertise to grow Keyser’s healthcare and medical office practice areas.”… Read More →

Ironline Partners sells 2828 N. Central Avenue for $9.8 Million

Sold Sign

DTZ, a global leader in commercial real estate services, has announced the sale of 2828 N. Central Avenue, a ±104,016 square foot, 14-story office tower in Phoenix located on the southwest corner of Central Avenue and Thomas Road. Granite Investment Group of Irvine, CA, acquired the property for $9.8 million from Phoenix-based Ironline Partners. Senior… Read More →

New 20-acre development breaks ground in Queen Creek

queen creek
August 31, 2015 by in AZRE Magazine | Construction | Featured

The heart of Queen Creek’s Town Center is about to quicken its pace with new shopping, dining and entertainment options. Thompson Thrift recently broke ground on a significant development for the Town Center, 20-acres located at the southeast corner of Rittenhouse Road and Ellsworth Loop Road. Serving as an economic driver for Queen Creek, the… Read More →

Construction begins at 160-Unit apartment community in Prescott

rsz_prescott_residence
August 30, 2015 by in Featured

Cole Johnson, President of Paul Johnson Drywall, Inc., announced that construction will begin on a new 160-unit garden style apartment community being built by his development company, Parlay LLC. Decca Multi-Family Builders, the general contractor for the project, began clearing the site and groundbreaking is planned for September 2015. Construction is expected to complete by… Read More →

Former Nimbus Brewery building sold for more than $1.4M

Craft beer
August 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million, or $168 per square foot. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated on behalf of the seller, McMahon Properties, LLC of Tucson.… Read More →

ABA Member Spotlight: Marty Hedlund

Photo by Robin Sendele, Az Big Media

Marty Hedlund Sr. vice president and Southwest district manager, Sundt Construction, Inc. Years in construction: 32 Years at Sundt: 31 Years as an ABA member: Since the beginning! Sundt was involved in the merging of AGC Building Chapter and the ABC organization into the ABA. Role at Sundt: I lead about 100 talented employee owners… Read More →

Three national restaurant users coming to Las Plazas at Old Vail

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Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed its first wave of restaurant users. CBRE has recently completed the sale of the first three lots and the development will soon be home to a Taco Bell, Native Grill and… Read More →

How To Master LinkedIn

123rf.com: prykhodov

Crystal Washington, owner of CWM Enterprises, is a social media guru. She has helped large companies such as Google and Microsoft harness the utility of the Internet’s networking tools and find freedom from any hesitation professionals have about promoting themselves on a limitless stage. Here are her top tips for women in commercial real estate.… Read More →

Colliers International completes sale of 1,114-Unit portfolio

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The Cooke Multifamily Team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, AZ 3 multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56. The size of this Class A and Class B+ portfolio attracted attention from investors around the world. The deal was awarded to an… Read More →

LGE completes Pomo at Gilbert’s Heritage Marketplace

Pomo

LGE Design Build has completed tenant improvement construction for the 2,600-square-foot Pomo Pizzeria Napoletana at Heritage Marketplace in Gilbert. The restaurant features a 6,000-pound, wood-fire pizza oven imported from Italy with hand-crafted stone. In addition, the authentic Italian restaurant features a bar and outdoor seating. “As one of the restaurant hotspots in the Valley, Heritage… Read More →