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.

Ryan Sarbinoff takes the helm at Marcus & Millichap

by in AZRE Magazine | Newsmakers

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced Ryan Sarbinoff has accepted the position of regional manager in the firm’s Phoenix office. Previously, Sarbinoff was regional manager for Marcus & Millichap in Cincinnati.             “Ryan is an effective leader with a… Read More →

NGKF sells Scottsdale’s Turnstone Office Park for $10M

by in AZRE Magazine

Newmark Grubb Knight Frank (NGKF) announces the sale of Scottsdale’s Turnstone Office Park for $10,000,000. The 64,949-square-foot four building office complex located at 17767 – 17797 North Perimeter Drive in Scottsdale sold from Turnstone Office Park, L.P. to private local investors, SLR and NHR Turnstone, LLC. NGKF Capital Markets Managing Director Erik Marsh and Associate… Read More →

Gilbert Orbital ATK offices sell for $5.5M

Orbital ATK offices in Gilbert
by in AZRE Magazine | Industrial

A California-based investment firm purchased the Orbital ATK offices in Gilbert near Baseline Road and Country Club Drive for $5.5 million. The 73,283-square-foot industrial facility at1405 N. Fiesta Blvd. in Gilbert was sold to Abington Emerson Investments by an undisclosed seller. The single-story industrial facility sits on a 5.2-acre site and was built in 1998. “Fiesta… Read More →

CBRE and ViaWest complete $23.3M sale in Chandler Midway Corporate Center

by in AZRE Magazine | Brokerage | Office

On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based ViaWest Group. The buyer was Encino-Calif.-based Kramer-Wilson Company,… Read More →

Eldorado on 1st more than half sold as it nears completion

by in AZRE Magazine

North American Development Group (NADG) and the team at AZ Architecture, along with renowned local architect Will Bruder, have issued an eagerly anticipated construction update for Eldorado on 1st. The project, consisting of a group of seven adjacent city homes located at 6901 East 1st Street is slated to open its doors to owners starting… Read More →

The Opus Group appoints 2 new associates for Phoenix market expansion

by in AZRE Magazine | In The Spotlight

 The Opus Group (Opus) announced today that two new associates have been appointed to Opus Development Company, L.L.C. Brett Hopper has joined as senior director, real estate development and Matthew Visnansky has joined as real estate manager, real estate development. In their new roles, Hopper will be responsible for sourcing new development opportunities and Visnansky will… Read More →

Frank Lloyd Wright School of Architecture announces new branding

by in Architecture | AZRE Magazine

As part of its evolution into an independent graduate school of architecture, the professional architecture program established by Frank Lloyd Wright and carried on through the Frank Lloyd Wright Foundation (Foundation) is redefining and representing its identity this spring.  The school will now be known as the School of Architecture at Taliesin, acknowledging its origins… Read More →

Studio Ma completes innovative work on The Brokery

by in Architecture | AZRE Magazine

Studio Ma announces the completion of their latest project, The Brokery, an innovative real estate co-working office located in the heart of the Arcadia neighborhood of Phoenix. The Brokery is the culmination of a 4-year process which began when real estate executive Tucker Blalock purchased the vacant lot at 4546 N. 40th St. (one block… Read More →

Construction commences on $50M renovation of Renaissance Square

Renaissance Square

Construction commenced today on phase one of a $50 million renovation of Renaissance Square, Downtown Phoenix’s iconic office towers at 2 and 40 N. Central Avenue. In a joint venture, Oaktree Capital Management, L.P., and Cypress Office Properties, LLC, purchased Renaissance square from Hines U.S. Core Office Fund, L.P last year for $151.25 million. The $10 million first… Read More →

Cushman & Wakefield recognizes top Phoenix producers for 2016

Phoenix
by in AZRE Magazine | Brokerage

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors Michael… Read More →

Evergreen Development announces new president and expansion to new markets

SmithGroupJJR
by in AZRE Magazine

Having completed more than 500 projects including single-tenant and shopping center developments in more than 175 municipalities across the United States, Phoenix-based Evergreen Development Company has made changes to its executive leadership structure as it expands to new markets. Effective this April, Laura Ortiz will take the helm as the company’s new president. Ortiz has been… Read More →

Trivista Properties sells 51 Freeway frontage land

by in AZRE Magazine

N 32nd Street Storage, LLC (a joint venture between Life Storage and Gibraltar Holdings) closed escrow today on a 1.69 acre parcel at 10155 N 32nd St, at the 51 Freeway and 32nd Street interchange in Phoenix, Arizona. Trivista Properties, LLC was the seller. Gene Montemore of Real Living Success Realty in Scottsdale represented the… Read More →

Scottsdale Executive Office Center sells for $37.5M

Scottsdale Executive Office Center
by in AZRE Magazine | Office

CBRE recently completed the sale of Scottsdale Executive Office Center, a 181,238-square-foot Class A office campus located at 15880, 15990 and 16100 N. Greenway-Hayden Loop in Scottsdale, Ariz. Total consideration for the sale was $37.5 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based Perry Investment Trust No.1 LLC. The… Read More →

Dexcom renovates warehouse into medical device manufacturing space

Skanska, one of the largest construction and development firms in the United States, is finishing construction on phase one of Dexcom’s facility located at 232 S. Dobson Road in Mesa. This 145,000-square-foot project is a build-out of an existing shell building. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space… Read More →

Land in Glendale and Scottsdale sell for $6.2M

Scottsdale
by in AZRE Magazine | Brokerage | Site Selection

A land parcel in Scottsdale and a second land parcel in Glendale were sold in two separate transactions, which were both negotiated by Lee & Associates. The Glendale land site will be used for an expansion of the Coca Cola bottling plant in the Glendale airport. The 8-acre Glendale land parcel is at the southeast corner… Read More →