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.

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

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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

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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

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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 →

I-10 West business center sells for $5.5 Million

I-10 West Business Center

DTZ has announced that Thackeray Partners and Trammell Crow Company sold I-10 West Business Center, a three building, multi-tenant industrial complex located one block south of Interstate10 between 55th and 57th Avenue. A Phoenix-based private investor, Kensington Investments, purchased the ±81,571 square foot property for $5.5 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve… Read More →

Gracie Barra Jiu Jitsu school signs long-term lease

Gracie Barra

Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space. Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term… Read More →

Meridian Capital finances Glendale Market Square property

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Meridian Capital Group, America’s most active debt broker, negotiated a $21.1 million loan for the acquisition and rehabilitation of Glendale Market Square, a retail property located in Glendale, AZ on behalf of a Southern California-based developer. The three-year loan, provided by a debt fund, features a floating-rate, interest-only payments for the full-term and two one-year… Read More →

The True Life Companies gives back to the City of Flagstaff

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August 27, 2015 by in AZRE Magazine | Construction | Investment

The True Life Companies, the developers of Pine Canyon, a master-planned golf course community in Flagstaff, will be presenting the City of Flagstaff with a check for more than $922,000. The check presentation will take place during the city council meeting on Tuesday, August 25, which begins at 4 p.m. As part of the development agreement with the City of Flagstaff,… Read More →