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.

Big Deals: Office/Sales, July-August 2015

AMEX Campus, Phoenix

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 that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar. 1. AMEX Campus, Phoenix 513,361… Read More →

Colliers completes $6M sale of triple net retail renter

Arrowhead Lakes Marketplace

Colliers International in Greater Phoenix recently completed the sale of Arrowhead Lakes Marketplace, a 22,280-square-foot, grocery-anchored retail center for $6 million ($269.30 per square foot). DCL Investments, LLC of Marreno, La., purchased the property, located at 20329 North 59th Avenue in Glendale, from AHR, LLC of Scottsdale. Steve Gonzalez, senior vice president; Marcus Muirhead, vice… Read More →

Big Deals: Industrial/Sales, July–August 2015

JLL_WhiteStar_4x6

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 that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar. 1. White Star Portfolio, Phoenix… Read More →

Bahia in Scottsdale Airpark breaks ground

Bahia

Scottsdale-based developer, SAXA, Inc. and Caliber Companies groundbreaking ceremonies were held July 23rd for the new Bahia 101 Class-A Building. This event marks the development of North Scottsdale’s first commercial Class-A building in over 5 years. Planned for 40,000 square feet of space, the new 3-story commercial office building is on a 2.5-acre site, located within Horseman’s… Read More →

Janielle Penner joins Sperry Van Ness

sperry
July 28, 2015 by in AZRE Magazine | Newsmakers

The commercial real estate brokerage of Sperry Van Ness, LLC has announced that Janielle Penner has joined the brokerage as a Junior Advisor.  She will be working closely with industry leader and National Council Chair of Multi-tenant Retail, Shari A. Tucker-Gasser, specializing in retail property acquisitions and disposition, as well as the leasing of multi-tenant… Read More →

AZRE Forum educates a full house

AZRE Forum_DSC_0846

On Thursday, July 23, AZ Big Media hosted the inaugural AZRE Forum at the Ritz-Carlton. It was a meeting of the minds featuring the top producing brokers, most influential economic developers, bankers and developers in the state. The event sold out, with a standing-room only attendance of nearly 350 people. Another 40 people tuned into… Read More →

Partnerships form for new Troon North development

Troon North

In the first of several ventures, Remington Nevada and InterCapital Development have teamed up with locally-based Capital Asset Management (CAM), Phoenix, to purchase The Villages at Troon North Phase II, a 67,000 sq-ft office condominium project and The Villages at Troon North Phase III, a future upscale residential condominium development. Collectively, the properties sit on… Read More →

Cashen signs two leases within their 1,700,000 SF portfolio

123rf:  Andriy Popov

The first lease was signed at Mesa Fiesta Center located at Alma School Road and the U.S. 60 in Mesa.  A 25,000 s.f., ten year lease was finalized with the Feed My Starving Children organization.  The charity feeds 1,000,000 starving children around the world each year in 70 countries.  In 2014, they had over 900,000… Read More →

Phoenix Children’s expands to Biltmore Commerce Center

Best Public, Commercial Buildings - AZRE Magazine September/October 2011

Phoenix Children’s Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management expert Lincoln Property Company (LPC) and a fund managed by Oaktree Capital Management, L.P. (Oaktree). The company will move into Biltmore Commerce Center next month,… Read More →

Walton Development hires new CFO

Steven
July 27, 2015 by in AZRE Magazine | Featured | Newsmakers

The Walton Group of Companies (Walton), a privately-owned real estate investment and development group, has named Steven Friedman Chief Financial Officer of Walton Development & Management (USA), Inc. (WDM).  Friedman is an industry veteran with more than 30 years of experience and a strong track record of financial leadership and counsel. He joins Walton after… Read More →

Acquisition of Chandler office condo unit sells for $862K

Justin

Southgate Commerce Center II recently sold for approximately $862,000.  Senior Advisor, Justin Horwitz with Sperry Van Ness, LLC in Phoenix represented a client into the acquisition of an office condo unit at 7415 W. Boston St., Chandler, AZ 85226.  This transaction involved a sale leaseback.  The Seller was represented by Matt Leonard with Levrose Real… Read More →

WSM Architects wins Green Valley Recreation award

GVR

Green Valley Recreation, Inc. (GVR) has hired WSM Architects of Tucson to conduct a comprehensive assessment of GVR’s 14 facilities and develop a 10-Year Strategic Master Facility Plan. With approval of the GVR Board of Directors and the signing of the contract on July 15, WSM will begin the year-long project, which includes an assessment… Read More →

Colliers International announces recent transactions

Oak Tree Park

3333 Dunlap Associates LLC, formed by Bear Holdings Group LLC (Gary Saterbak, et al, principal) paid $8,064,000 ($28,000 per unit) to purchase the 288 unit Copper Glen apartments located 3333 W. Dunlap Ave. in Phoenix. The seller was Copper Glen Partners LP, a limited partnership in Vancouver, BC, Canada (Eyhan Caldwell, principal). The deal was… Read More →

ORION announces two multifamily transactions in Phoenix

Maryland East Apartments

ORION Investment Real Estate has announced the sale of two small apartment communities located in the Phoenix MSA. Located off the Loop 202 Freeway and Van Buren Street, Belaflora Condominiums sold for $1,255,000 or $83,667 per unit. This 15-unit portfolio sale of Class “A” Condos is part of a larger 185-unit complex within a strong… Read More →

C&W negotiates long-term lease for telemarketing company

123rf.com: feverpitched

Cushman & Wakefield of Arizona, Inc. negotiated a long-term sublease for DialAmerica Marketing, Inc. at Riverpoint, located at 3100 E. Broadway Rd. The transaction is for a new DialAmerica call center in the Valley. DialAmerica, headquartered in Mahwah, N.J., will occupy 50,267 square feet of office space at Riverpoint Building No. 2. The company’s lease… Read More →