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.

SkySong 3 is now 90 percent leased

Plaza-Skysong-3

Two new key tech additions are coming to the newest building in SkySong, The ASU Scottsdale Innovation Center. An information technology solutions firm and an online technology and business library provider are going to call SkySong 3 their new home. Solugenix Corporation is the longest-serving IT consulting firm in the nation, doing pioneering work since… Read More →

Orvieto Investments purchases 4.61 acres in Tucson

123RF.com, Copyright: valeriylebedev
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Orvieto Investments LLC, owned by Barbara and Tom Mannschreck, has purchased an industrial property located at 3911 Highway Dr. in Tucson, which consists of an office/warehouse building of 10,760 sq. ft. with four additional outlying buildings on 4.61 acres. The facility is leased to Jacobs Field Services, an affiliate of Jacobs Engineering, a New Your… Read More →

Phoenix Heart buys its office building

Talavi, JLL, WEB

In an deal that points to rising corporate confidence, the Phoenix office of JLL has completed a $6.25 million class-A office building sale that brings Phoenix Heart – the anchor tenant at 5859 Talavi – from project tenant to project owner. JLL Senior Vice President Brian Ackerman represented the property seller, Credit Union West, in… Read More →

California company buys Desert Arbor complex

Desert Arbor, CBRE, WEB
January 26, 2015 by in AZRE Magazine | Brokerage

Stardom Apartments, LLC from Woodside, Calif., has purchased Desert Arbor apartment complex, a 73-unit multi-family property located at 725 West Vogel Avenue and 726 West Hatcher Road in Phoenix from Las Salas, INC of Phoenix. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and the seller in negotiating the $1.7 million… Read More →

CBRE hires three VPs for Retail Services Group

Administration Officials - Hiring Quotas
January 24, 2015 by in AZRE Magazine | Featured

CBRE has hired Vice Presidents Greg Abbott, Bill Bones and Chris Ryan, three tenured, well-respected commercial real estate professionals, to join the firm’s Retail Services Group in Phoenix, Ariz.  They will partner on a team that will deliver integrated, strategic landlord advisory services including the leasing, acquisition and disposition of retail space in the Phoenix… Read More →

Groundbreaking marks start of Waypoint office campus

ATS at Waypoint, LPC, WEB

Officials from Harvard Investments, Lincoln Property Company (LPC), the City of Mesa and anchor tenant American Traffic Solutions (ATS) were on hand yesterday for the groundbreaking of Waypoint, a two-building, 258-square-foot Class A office campus in Mesa, Ariz., that is nearly 50 percent pre-leased to ATS. ATS, a leader in road safety and toll management,… Read More →

Cushman & Wakefield negotiates $2.85M sale

Charter Palms
January 23, 2015 by in AZRE Magazine | Featured

Cushman & Wakefield of Arizona, Inc. completed the $2,825,000 million sale of the Charter Palms Apartments, 1220 N. 44th St. The complex was constructed in 1974 and contains 74 apartment units totaling 60,400 square feet ($46.77 PSF).  The property, which includes five buildings, is 69 percent occupied. Plaza de Vista, LLC of Tempe purchased the… Read More →

Arizona drywall contractor expands into Nevada

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Paul Johnson Drywall Inc. (PJD), Arizona’s largest drywall contractor, announced its expansion into Nevada in response to the growing demands of the Las Vegas market’s single-family and multifamily construction industry. With its first expansion outside of Arizona, PJD will be working with long-time customers Pulte Homes, Ryland Homes and other well-respected single-family and multifamily builders… Read More →

NPL Construction’s 50KSF operations center is completed

NPL Exterior 178_HDR no logo, LGE, WEB

LGE Design Build has constructed a 50KSF regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale, including office space, a training facility, and a warehouse storage area plus several acres of land for NPL’s large fleet… Read More →

Carrie Bailes joins AME Landscape Cos.

CarrieBailes, AME Landscape, WEB
January 21, 2015 by in AZRE Magazine | Newsmakers

AME Landscape Cos. announced that Carrie Bailes has joined the company as director of business development. Bailes, who brings over 13 years of sales and business development experience and relationships in the commercial real estate industry, will be responsible for client services and strategic client development. In this role, Bailes will participate in industry associations… Read More →

Wingstop spreads its wings in Yuma

January 21, 2015 by in AZRE Magazine | Construction | New to Market

Wingstop has landed in Yuma, AZ.  The award-winning wing concept, with more than 710 locations around the globe, recently opened at 290 West 32nd Street, operated under the ownership of Michael Nelson. “We are thrilled to join the Yuma community and introduce local wing fans to Wingstop’s distinct, bold flavors,” commented Michael Nelson, Brand Partner. “As The… Read More →

CBRE negotiates $1M sale of 6 Palms

January 20, 2015 by in AZRE Magazine

Chen Development Group from Daly City, Calif. has purchased the 6 Palms apartment complex, a 35-unit multi-family property located at 2522 West Highland Avenue in Phoenix, Ariz., from Blaine, Wash.-based JL Investing, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in negotiating the $1,075,000.

Don’t miss ULI Arizona Trends Day

whats_the_plan
January 20, 2015 by in AZRE Magazine | Featured

ULI Arizona Trends Day is a one-day deep dive bringing together 25+ top industry experts to discuss the most current state and national real estate trends, with a focus on what to expect in the future, where the best opportunities can be found, and how these components affect both public and private sector partners. Trends… Read More →

AME Landscape promotes Eric Garduno

Eric Garduno
January 20, 2015 by in AZRE Magazine | Newsmakers

AME Landscape Cos. announced today that Eric Garduno has been promoted to Director of Field Operations, assuming oversight of all field staff and client properties. He previously served as senior account executive for more than four years with three years as a project manager.  Garduno, who has been with the family-owned company since 2006 will… Read More →

$730K Chandler sale to benefit foster kids

175 E. Corporate Place
January 20, 2015 by in AZRE Magazine | Featured

 Colliers International in Greater Phoenix recently completed the sale of an office building in Chandler for $730,000, or $81.29 a square foot, to a non-profit that supports foster children. Aid to Adoption of Special Kids (AASK) of Phoenix purchased the building, located at 175 E. Corporate Place, from TMS Properties, LLC, of Phoenix. Kathy Foster,… Read More →