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.

Evergreen Development acquires 1.12-acre parcel in Peoria

Evergreen Development
by in AZRE Magazine | Site Selection

Evergreen Development acquired 1.12 acres of land adjacent to the new Fry’s Marketplace development at 25355 N. Lake Pleasant Pkwy., on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria. Evergreen plans to break ground on the planned 7,550-square-foot multi-tenant building this month. The Shops at Lake Pleasant are already 70… Read More →

Arizona Oncology breaks ground on state-of-the-art treatment center

Arizona Oncology
by in AZRE Magazine | Construction | Medical

Arizona Oncology, one of the largest medical groups in Arizona devoted exclusively to cancer care and a practice in The US Oncology Network, held a groundbreaking ceremony Friday for its new state-of-the-art cancer treatment center in the East Valley. The new 21,000-square-foot facility will be located at Arizona State University Research Park.  Scheduled to open in April 2017, it will offer patients in the growing… Read More →

Kitchell starts industrial park expansion near Sky Harbor

construction industry
by in AZRE Magazine

Kitchell recently commenced construction on the expansion of an industrial park near Sky Harbor International Airport, consisting of two class “A” general industrial buildings comprising 212,000 square feet. Located on roughly 20 acres near Interstate 10 and 28th Street in Phoenix, the development is south of Sky Harbor, with primary frontage along Interstate 10 offering excellent… Read More →

Colliers negotiates $5.45M west Phoenix apartment sale

Colliers
by in AZRE Magazine | Brokerage | Multi-Family

Colliers International of Greater Phoenix negotiated the $5.45 million sale of Bella Rio Apartments at 4903 W. Thomas Rd. in West Phoenix. The property was sold to a local investor who is adding the development to his existing portfolio of local apartment projects. “Bella Rio is a perfect example of a property purchased to take… Read More →

ABI Multifamily negotiates Biltmore Corridor sale

ABI Multifamily
by in AZRE Magazine | Brokerage | Multi-Family

Brokerage firm ABI Multifamily negotiated the $6,045,000 ($118,529/Unit) sale of the 18 at Biltmore Apartments, a 51-unit apartment community located in Phoenix, Arizona. 18 at Biltmore is a low density, one and two-story apartment community built from 1957 to 1962 of concrete construction and sits on approximately 3.5 acres of land. The property consists of… Read More →

AZRE Forum recap and Live Blog

AZRE Forum
by in AZRE Magazine

Last night, AZ Big Media hosted the AZRE Forum, where a packed crowd of commercial real estate pros listened in on a mid-year market update from some of the Valley’s premiere experts.   Photos by Shannon Finn and Mike Mertes About 300 people were in attendance and they heard a breakdown on the state of the… Read More →

NAI Horizon negotiates $3.3M investment property sale

NAI Horizon
by in AZRE Magazine | Brokerage

NAI Horizon Associate John Toben represented the buyer in the acquisition of the $3.33 million investment property sale of a newly constructed Kneaders Bakery and Café at 4126 E. Indian School Rd., in Phoenix. Toben represented Scottsdale-based LEP Properties, LLC, in the transaction. “The highly-desired Arcadia neighborhood is now home to a healthy option on… Read More →

Phoenix medical office space leasing faster than space is added

Healthcare Reform Impacting Healthcare Real Estate
by in AZRE Magazine | Medical

Colliers International in Greater Phoenix released its mid-year 2016 Medical Office Market Report for Greater Phoenix. Vacancy of Medical Office space in Greater Phoenix dropped in the second quarter to 16 percent, which is 180 basis points below mid-year 2015. Vacancy in both on-campus and off-campus locations has declined during second quarter. Net absorption of… Read More →

Spec Arrowhead Orchards medical office development is coming

Arrowhead orchards
by in AZRE Magazine | Medical

The Arrowhead Orchards medical office development is slated to see the first MOB spec project in the Valley since the recession. The property owner, Arrowhead Health Center, LLC, an entity affiliated with Legend Real Estate Management, Inc., will be developing more than 22,000 square feet of new product in the coming months. Los Angeles-based Legend… Read More →

Scottsdale shopping center gets facelift

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

Construction is starting up on a major renovation project for the shopping center known as Via Linda Crossroads in Scottsdale. The space located at 9015 E. Via Linda on the southeast corner of 90th Street and Via Linda was previously occupied by Ace Hardware. That space will be divided into two or three smaller suites and a… Read More →

SimonCRE to build Goodwill in Surprise

108696481
by in AZRE Magazine | Construction | Retail

Commercial real estate developer SimonCRE recently purchased 2.13 Acres of land on the southwest corner of Greenway Road and Cotton Lane to develop a 25,036-square-foot building for Goodwill. Goodwill will be joining Pet Club and CVS in the Sierra Montana Crossing Center across from Marketplace at Prasada. SimonCRE plans to break ground July 26th with… Read More →

LGE Design Build completes Class A Scottsdale offices

LGE Design Build
by in AZRE Magazine | Construction

LGE Design Build completed construction of the 3-story, 40,000-square-foot Bahia 101, the first new Class A office building constructed in the Scottsdale Airpark since 2009. Bahia 101 features 360-degree McDowell Mountain views, 14-foot clear heights and sliding doors on the second and third floors to allow fresh air in the suites. The building, on 2.5 acres,… Read More →

Walmart breaks ground at Metrocenter

Groundbreaking-Group
by in AZRE Magazine | Construction

Officials with Walmart, the City of Phoenix and Carlyle Development Group – along with area business leaders – were broke ground Wednesday for a new Walmart Supercenter. The project represents the single largest capital investment in Metrocenter Mall in decades. “Metrocenter Mall is a Phoenix icon that has served shoppers in this community for decades,”… Read More →

Topping-out completed at Arizona General Hospital

Arizona General Hospital
by in AZRE Magazine | Construction

Full-service commercial real estate firm PMRG announced the topping-out of Arizona General Hospital in southeast Mesa. California-based Dignity Health and Texas-based Adeptus Health formed a partnership last year to expand emergency medical care in the metro Phoenix market and selected PMRG as the developer. This came on the heels of PMRG’s successful completion of another acute care… Read More →

SimonCRE names Blake Curtis director

promotion
by in AZRE Magazine | Newsmakers

Commercial real estate developer SimonCRE recently named Blake Curtis as Director of Capital Markets and Dispositions. This new position is intended to strengthen the company’s ability to develop relationships with equity partners and financial institutions. Prior to joining SimonCRE, Curtis served as Senior Analyst at VEREIT, Inc. During his tenure at the firm, Curtis led… Read More →