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.

Meet AZRE Forum panelist: Dennis Desmond

Dennis Desmond
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Dennis Desmond, senior managing director of JLL, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

Steel beam signed by fans installed at Phoenix Raceway

by in AZRE Magazine | Construction

Earlier today, the steel beam signed by fans and the entire field of drivers during this year’s Verizon IndyCar Series Phoenix Grand Prix was installed in one of the two new Canyons – the redesigned and expanded entrances associated with the Phoenix Raceway Project Powered by DC Solar. Fans who signed the steel beam will… Read More →

West 101 Business Center sells for $18.2 million

by in AZRE Magazine | Brokerage

ViaWest Group and Cushman & Wakefield announced today the sale of West 101 Business Center, located at 1830-1850 N. 95th Avenue in Phoenix. Humphreys Fund I, LLC of Oklahoma City, Oklahoma purchased the property for $18,275,000. Steve Lindley, Bob Buckley, Tracy Cartledge and Ben Geelan of Cushman & Wakefield represented the seller, ViaWest Group of… Read More →

Five Star Development prepares massive Paradise Valley project

by in AZRE Magazine | Construction

Five Star Development, owner and masterplan developer of The Ritz-Carlton hotel and residences in Paradise Valley, is underway with land preparation on the highly anticipated development. Site work commenced in October 2016 and the mass grading is nearly complete. Over the last several months, approximately 500,000 cubic yards of dirt has been moved, including digging… Read More →

Meet AZRE Forum panelist: Andrew Cheney

Andrew Cheney
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Andrew Cheney, principal of Lee & Associates, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

DBM Ventures developing $25M Chauncey Lane mixed-use project

by in AZRE Magazine | Construction

Scottsdale has no problem drawing crowds, thanks to its thriving dining scene, striking architecture, ample opportunities for shopping and entertainment and near-endless eye candy, and newcomers and locals alike will find all four in abundance at Chauncey Lane. The massive, 53,000-square-foot mixed-use project will debut at the intersection of Scottsdale Road and Chauncey Lane, bringing… Read More →

Developers plan to break ground on $25M Scottsdale mixed-use project this summer

Scottsdale mixed-use project
by in AZRE Magazine | Mixed-Use

Developers are hoping to create a $25 million luxurious shopping, living, dining and office project in Scottsdale at the southeast corner of Scottsdale Road and Chauncey Lane. DBM Ventures expects to break ground on the 53,000-square-foot, mixed-use project, Chauncey Lane, this summer, with an opening date planned for summer 2018.   Provided renderings, courtesy of LGE, Cawley Architects, AV3… Read More →

LGE Design Build completes Chandler Airpark project

by in AZRE Magazine | Construction

LGE Design Build has completed construction on Chandler Airpark, a nearly 97,000 square-foot, six building commercial development, bringing countless new jobs to the East Valley. Construction on the large-scale project located on Douglas Drive (just west of Stearman Drive) in Chandler wrapped in May with developer Silagi Development of Thousand Oaks, California. Three of the… Read More →

P.B. Bell names three new directors

Debra Schooler
by in AZRE Magazine | Real Estate

P.B. Bell, a leader in multifamily housing development, management and acquisitions, has named three new directors to its corporate team based in Scottsdale. Kristina Rauscher and Charlie Koznick join P.B. Bell, respectively, as marketing director and acquisitions director. Arian Ploszaj, who previously served as P.B. Bell’s marketing director, has transitioned to a new role as… Read More →

Meet AZRE Forum panelist: Dave Cheatham

Dave Cheatham
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Dave Cheatham, president of Velocity Retail Group, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

Land at Central Avenue and Indian School Road sells for $6.1M

Central Avenue and Indian School Road
by in AZRE Magazine

Bright Land Holding LCC purchased the Central Avenue and Indian School Road development site, located at 4040, 4050 and 4060 N. Central Ave. in Phoenix, for $6.1 million from 4040 N. Central LLC, which is controlled by Glasir Capital Partners. Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller and Cushman & Wakefield Managing Director Mark Bramlett… Read More →

Report: Phoenix’s retail sector slows in second quarter

by in AZRE Magazine | Retail

Absorption of retail real estate in Greater Phoenix slowed during the second quarter, but investors were busy purchasing retail properties. The mid-year retail research report released by Colliers International in Greater Phoenix forecasts improvement in the retail sector for the second half of 2017. Vacancy remained flat at 9.3 percent in the second quarter and net absorption… Read More →

Velocity Retail Group: Phoenix retail market improves

Darren Pitts
by in AZRE Magazine

For the first half of 2017, the retail market in Phoenix has recorded continued improvement in both vacancy and leasing activity (absorption).  The current overall vacancy rate is 9.3 percent, with all but one of the regional trade areas with single-digit vacancy, according to a report fromVelocity Retail Group.  Leasing activity for the first two… Read More →

Meet AZRE Forum panelist: Bryon Carney

Bryon Carney
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Bryon Carney, managing principal of Cushman & Wakefield, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state… Read More →

LGE Design Build completes nearly $2M Galleria lobby

by in AZRE Magazine | Construction

It’s one of Old Town Scottsdale’s most iconic addresses, and LGE Design Build helped give it a nearly $2 million face-lift . Galleria Scottsdale, a massive, 537,000 square-foot commercial property located in the heart of the city, recently gave its lobby a $1.8 million upgrade with the help of LGE Design Build, enhancing its appeal even… Read More →