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.

2014 NAIOP-AZ Roundtable

roundtable
October 25, 2014 by in AZRE Magazine | Featured | In The Spotlight

It’s an exciting time for commercial real estate. With technological advances and a new generation entering the workforce, office space is undergoing a significant paradigm shift. NAIOP Arizona’s roundtable members discuss the state’s reputation and role in the market — its strengths, weaknesses and promising statistics ­— as well as what companies need to do… Read More →

Promenade at Desert Sky sells for $11.85M

Promenade at Desert Sky

Colliers International in Greater Phoenix recently completed the sale of Promenade at Desert Sky, a 300-unit class-B apartment complex in Phoenix, for $11.85 million, or $39,500 per unit. Desert Sky Estates, LLC, of Woodmere, New York, purchased the property, at 6233 W. Thomas Road, from WT Promenade LLC of Englewood, Colo. Bill Hahn, Jeffrey Sherman,… Read More →

NAIOP invests in voter education of pro-business legislators

Money on paper

About 10 years ago, NAIOP Arizona made a concerted effort to engage in public policy advocacy at the state capitol in order to attract and grow more high-paying jobs to our state. During this time, we have had a number of successes in the area of lowering commercial property tax assessment ratios. Where we had… Read More →

NAIOP-AZ 2014 Notable Projects

naiop-az-2014-projects

NAIOP-AZ Projects Criteria: • Property must be owned or have non-refundable earnest money in escrow by 8/1/14 • Property must have proper zoning in place by 8/1/14 • Property must be bigger than 100KSF 1. 10 West Logistics Center Developer: Wentworth Property Company General Contractor: Graycor Architect: Butler Design Group, Inc. Location: 6200 W. Van… Read More →

BKM Capital Partners acquires three industrial parks

Black Canyon 8024 N. 24th Avenue, BKM Capital, WEB

BKM Capital Partners has acquired three multi-tenant industrial parks with a combined capitalization of $42.8 million on behalf of BKM Industrial Value Fund I, LP, according to Brian Malliet, CEO and Co-Founder of BKM. These are the first three assets to be included in the commingled fund, which targets final close in March 2015, and intends… Read More →

$350M ‘green’ condominium project moves into Scottsdale

SC at Silverleaf 1

The Sterling Collection at Silverleaf, a “green” luxury condominium development, is set to launch sales in early November. The $350M development is one of the largest luxury residential projects in the Southwest.   Developed by Scottsdale-based Cypress Development Group, The Sterling Collection at Silverleaf will be the most luxurious condominium community to ever be developed… Read More →

Jeff Arnold, co-founder of Concord Eastridge, passes away

Jeff Arnold, Co-founder and President of Concord Eastridge
October 23, 2014 by in AZRE Magazine | In The Spotlight

Jeff Arnold, one of the founders of Concord Eastridge and its president, passed away on Oct. 15 in Phoenix. Arnold, 67, suffered a major cardiac episode earlier this year and was on the road to recovery when a complication occurred resulting in his passing. Arnold co-founded Concord Eastridge in 2004 with his wife and business… Read More →

Big Deals: Land, June 2014 – July 2014

land
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Big Deals: Retail, June 2014 – July 2014

Pecan Promenade, Tolleson
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Big Deals: Office, June 2014 – July 2014

Stapley Corporate Center, Mesa
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Big Deals: Multifamily, June 2014 – July 2014

Broadstone on Camelback
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Big Deals: Industrial, June 2014 – July 2014

Logistics 75, Phoenix
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Caution: Low-Flying Aircraft Policies

low flying aircraft
October 23, 2014 by in AZRE Magazine | Blogs | Featured

The Federal Aviation Administration (FAA) is considering a significant reduction in the maximum height limit of buildings near U.S. airports to ensure aircraft have clearance to continue an ascent in the unlikely event that an engine fails at takeoff. The proposed policy would limit building heights of new commercial projects within 10,000 feet of the… Read More →

Use Your Incentives Wisely

Mark Stapp
Arizona Advisory Board Member, Urban Land Institute ; Executive Director, Masters of Real Estate Development; Fred E. Taylor Professor of Real Estate, W. P. Carey School of Business, Arizona State University
October 23, 2014 by in AZRE Magazine | Featured

The use of incentives has become a routine issue in economic and real estate development and their use to attract desired projects such as Tesla or Apple is frequently questioned. Often, people ask if officials are simply helping private parties make bigger profits at the expense of the general public. This is a legitimate question.… Read More →

Keeping up with Pace

John Glenn
Co-Chairman
Associate of AIA and Government Affairs
October 22, 2014 by in AZRE Magazine

The 2014 regular legislative session has come to a close and The AIA Arizona Government Affairs Committee, staff and lobbyists have monitored and attempted to influence legislation with fairly good results. We were successful in helping to derail legislation that the committee feels would have been detrimental to the industry including a bill that would… Read More →