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.

Developing Leaders of NAIOP set agenda

NAIOP DLs
March 2, 2015 by in AZRE Magazine | Events | Featured | Networking

The 2015 NAIOP Arizona Developing Leaders’  calendar features educational events, a day at the ballpark and teaming up for Pat’s Run as part of its philanthropic endeavors. Highlights include: • Mix and mingle with the best and brightest young professionals in commercial real estate at the DL spring training game and mixer March 6 at Salt… Read More →

Ground breaks on Arizona Fallen Firefighter Memorial

AZ Fallen Firefighter Memorial

On March 6, ground will break on the first statewide memorial dedicated to the courage and memory of Arizona firefighters and paramedics who gave their lives in service of others.  To date, 105 firefighters and paramedics have lost their lives in Arizona since 1902. Two Arizona sculptors – Rusty Bowers from Mesa and Paul Olesniewicz… Read More →

NGKF awarded listing assignment for future Westgate healthcare campus

Newmark Grubb Knight Frank (www.ngkf.com) has been awarded the exclusive listing assignment for a comprehensive health care campus located off the Loop 101 freeway on the northwest corner of 99th and Glendale avenues in Glendale, Arizona, next to St. Joseph’s Westgate Medical Center. NGKF’s Global Healthcare Services group will represent the developer, 101 West Healthcare… Read More →

Church turns into retail development

February 27, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of a property located at 5601 E. Broadway Boulevard. The site, formerly home to the Christian Faith Fellowship church, has been slated for retail redevelopment. The property has commanded a sale price of $2.2 million. Nancy McClure and John Ash with CBRE’s Tucson office negotiated the transaction on behalf the… Read More →

Manufactured home community trades for $23.85M

February 26, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe, Ariz. The investment real estate asset sold for $23,850,000, which equates to $66,435 per space at a 6.25 percent… Read More →

Tablerock Apartments in Flagstaff sell for $14.35M

February 26, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cushman & Wakefield of Arizona, Inc. has negotiated the $14.35 million sale of Table Rock Apartments, located at 3400 S. Lake Mary Rd. The property, which was built in 1998, contains 100 apartment units in five buildings and was 98 percent occupied at the time of the sale. Virtu Investments of Venice, Calif., sold the… Read More →

OdySea will break ground March 5

McCarthy Building Companies will break ground at 5 p.m. March 5, 2015, on the OdySea Aquarium, which will be located adjacent to Butterfly Wonderland in Scottsdale. The groundbreaking celebration has been organized by OdySea founders Amram Knishinsky, Ph.D., and Martin Pollack and also involves the facility designer Deutsch Architecture Group. Poised to be one of Arizona’s… Read More →

Willis/Arizona Avenue Corporate Park breaks ground

Sun State Builders proudly announced the ground breaking of The Willis/Arizona Avenue Corporate Park. This development consists of two spec warehouse buildings located at the SE corner of Willis Road. & Arizona Avenue in Chandler, AZ. The total square footage of the two buildings is 140,000 SF and situated on an 11 acre lot just south of… Read More →

Solar installation company buys industrial space in Chandler

February 25, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Newmark Grubb Knight Frank (NGKF) announced the sale of 3225 North Colorado Street in Chandler to Sun Valley Solar Solutions. The solar panel installation company purchased the 26,815-square-foot, free-standing industrial building and accompanying 3.3 acres from Washington Street Enterprises Arizona, L.L.C. for $2.7 million or $100.00/square foot. Sun Valley Solar Solutions was represented by NGKF’s… Read More →

Apollo Corporate Headquarters Sells for $183M

February 25, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has negotiated the sale of the Apollo Corporate Headquarters campus, a Class A, 599,664 square foot, three-building, single-tenant office campus located at 4025, 4035, and 4045 South Riverpoint Parkway in Phoenix for $183 million. In addition to negotiating the sale, CBRE also arranged acquisition financing of behalf of the buyer. CBRE’s Barry Gabel and… Read More →

McDowell Mountain Marketplace II sells for $1.37M

February 25, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Helix Properties, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently sold McDowell Marketplace II in Phoenix, Ariz. Located on the Southwest corner of 59th Avenue and McDowell Road in Phoenix, the 9,141 square foot consists of a fully leased retail center. Thomas A. McCarthy purchased the property for $1.375 million… Read More →

Valley Partnership names new president, CEO

vplogo
February 23, 2015 by in AZRE Magazine | Featured | Newsmakers

Valley Partnership has named Cheryl Lombard as its new president and CEO. In this role, Lombard will be responsible for leading and managing Valley Partnership, including developing and executing strategies, and managing the association’s resources, expertise, and leadership initiatives. “Cheryl is an ideal fit in terms of Valley Partnership’s mission and goals,” said Scott Nelson,… Read More →

Portland on the Park gains traction with larger units

Portland on the Park, the highly anticipated sister property to Downtown’s award winning Portland Place, has received significant interest from potential homebuyers with 25 units already reserved. The property also has noted a surge in requests for larger floor plans, and in response, has redesigned selected homes. This change led to the creation of four… Read More →

Isaac Figueroa joins C&W | PICOR

February 21, 2015 by in AZRE Magazine | Brokerage | Newsmakers

Cushman & Wakefield | PICOR announced that Isaac Figueroa has joined it Tucson commercial real estate brokerage team. Figueroa, a Tucson native, joins one of the region’s top producing Office & Medical Office teams, specializing in the leasing and sale of office and medical properties, representing landlords and tenants as well as buyers and sellers. Figueroa began… Read More →

SMPS Southwest Regional Conference to be held in Scottsdale

February 20, 2015 by in AZRE Magazine | Featured | In The Spotlight

The Society of Marketing Professional Services (SMPS) Southwest Regional Conference will be holding its 5th regional conference the at FireSky Resort in Scottsdale on February 25th – 27th . The Southwest Regional Conference will bring over 200 marketing and business development professionals together SMPS Chapters from Arizona, Colorado, New Mexico and Utah for two days… Read More →