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.

Justin Kelton promoted at McCarthy Building Companies

November 22, 2014 by in AZRE Magazine | Construction | Newsmakers

  McCarthy Building Companies Inc. recently promoted Justin Kelton to executive vice president of Arizona construction in the Southwest Division. In his new role, Kelton will oversee operations and business development in airport, municipal, healthcare, commercial development, solar and renewable energy, parking, higher-education, K-12 and job order contracting construction projects in Arizona. He is also… Read More →

Glendale Raising Cane’s location sold

Raising Canes, WEB
November 21, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Marcus & Millichap, a commercial real estate investment services firm, announced the sale of Raising Cane’s, a 3,033-square foot net-leased property located in Glendale on Friday, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,550,000. Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office,… Read More →

McCarthy Building Companies named to Top 400 Solar Contractors List

The largest photovoltaic system in Arizona is located at the APS Cotton Center Solar Station in Gila Bend. Built by McCarthy Building Companies, the $14.3M, 145-acre facility will generate 17MW of power.

McCarthy Building Companies Inc. was recently named to Solar Power World’s Top 400 Solar Contractors list and was ranked No. 33. The list ranks applicants according to influence in the residential, commercial and utility solar installation markets. McCarthy also ranked No. 23 in the Top 25 Utility Solar Contractors list. “America’s solar industry is currently… Read More →

Healthiest You builds second Scottsdale location

Heathiest You Tablet Image, WEB
November 21, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Healthiest You, a health and wellness innovator, announced it is expanding with a second office focused on technology development. Healthiest You’s new technology division will be located in Old Town Scottsdale at 7114 E. Stetson Dr., Ste. 350, in an area which is becoming one of the tech hubs in the Valley. The company is… Read More →

BOMA Greater Phoenix’s 2014 TOBY Award Winners

San Tan Corporation
November 21, 2014 by in AZRE Magazine | Featured

A Night at the TOBY Awards BOMA’s annual The Outstanding Building of the Year (TOBY) awards were presented Nov. 14 at downtown Phoenix’s Renaissance Hotel. The following winners have a chance to compete at a regional level. Last year, the Arizona Game & Fish Department building, managed by Lincoln Property Company, won an international TOBY… Read More →

Continental Plaza sells for $1.6M

Continental Plaza, Lee and Associates, WEB
November 21, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Continental Plaza, a 37,400 SF retail shopping center at 855 W. University Dr. in Mesa sold for $1,612,500 or $43.11 per SF. The transaction closed on Nov. 14. The neighborhood center was over 70 percent leased at the time of sale. Lee & Associates principals, Jan Fincham and Pat Dempsey completed the deal on behalf… Read More →

Voit grows team in Phoenix with two new brokers

Voit
November 20, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Voit Real Estate Services’ Phoenix office is continuing to expand its presence in the Greater Phoenix market with the addition of two top-producing brokers. Voit is pleased to announce the addition of Jenette Bennett and Jason Jones, both specializing in retail and focused on the West Valley, who have joined the firm as vice presidents.… Read More →

Lee & Associates to market Cabot Commerce Center

Courtesy of Lee and Associates
November 20, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Lee & Associates Arizona has been awarded the marketing assignment at Cabot Commerce Center, a three-building project totaling 227,160 square feet. Lee & Associates principals, Jeff Conrad, Matt Hobaica and Chris McClurg were tasked with securing tenants for the general industrial multi-tenant development. These institutional quality buildings feature grade level and truckwell loading (per bay),… Read More →

CSHQA celebrates 125 years of operation

Safeway Scottsdale

CSHQA, an architecture and engineering firm, is celebrating 125 years of continuous operation. It was established in 1889 as William S. Campbell Architects. James A. Fennel joined in 1904 the name changed to Wayland & Fennel Architects. Glen Cline and his friend Neil Smull joined in 1949 and 1961, respectively. Shortly after Robert Hamill and… Read More →

Phoenix Towers gets $5M renovation, newly painted exterior

Phoenix Towers, courtesy of Ghaster Painting & Coatings
November 19, 2014 by in AZRE Magazine | Construction | In The Spotlight

Phoenix Towers is a unique high-rise residential community in the heart of Phoenix’s arts district, just north of downtown on Central Avenue.  Built in 1957 as a resident-owned cooperative community, Phoenix Towers is now considered an outstanding example of mid-century architecture and is listed on the Department of the Interior’s register of historic buildings. Located… Read More →

Dove Mountain Centre in Marana sold

Dove Mountain Centre
November 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently sold the 82,450± square-foot Dove Mountain Centre, a high-end shopping center in Marana, Ariz. This property is located at the main entrance to the Dove Mountain master-planned community. Mindy Korth, executive vice president, and Kirk Kuller, vice president, both of Colliers International, represented the seller. Paul Schloss of Bourne… Read More →

Terri’s Consign & Design office building sold for $2.8M

Terri's_Hopley, WEB
November 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of a 23KSF, class-A office building in Scottsdale for $2.87M, or $126 per square foot. The buyer, Desert Palm Management Group of Phoenix, purchased the building, located at 15000 N. Hayden Road, from LC Coffey of Lincoln, Neb. Colliers International Executive Vice President Greg Hopley represented… Read More →

Sundt hires Garren Echols, Kelly Wyllie

rsz_sundt_logo
November 19, 2014 by in AZRE Magazine | Construction | Newsmakers

Sundt Construction, Inc. recently welcomed preconstruction project manager Garren Echols and project engineer Kelly Wyllie to its Southwest office. Echols, with nearly 20 years of construction experience, comes to Sundt after serving as deputy director of estimating for one of the nation’s leading engineering and construction firms. In his role at Sundt, Echols works closely… Read More →

Tempe industrial building trades for $1.7M

7425 S. Harl_photo, lee associates, web
November 18, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

A 27,800 SF Industrial warehouse at 7425 S. Harl Ave. in Tempe at the I-10/Elliot Industrial Park sold Nov. 14 for $1,695,000 or $60.97 per SF. The building was 67 percent leased at time of sale. Lee & Associates principals Andy Ogan, Matt Fredrick and Matt McDougall represented both sides of this transaction. Ogan represented… Read More →

Mercy Gilbert to redesign its orthopedic department

Blue Desert Mercy Gilbert Orthopedic Physical Therapy Room
November 18, 2014 by in AZRE Magazine | Featured | In The Spotlight

Blue Desert Interiors was recently awarded the contract to redesign the 11,400 square foot Orthopedic Department at Dignity Health’s Mercy Gilbert Medical Center. The goal of the project is to improve patient healing by redesigning existing interiors into a baseball theme that inspires post-surgery activity through therapy and promotes an atmosphere of team collaboration with… Read More →