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.

Cindy Winters purchases Eagle Commercial Realty

Cindy Winters, President and owner Eagle Commercial Realty Services

Eagle Commercial Realty announced today that its President, Cindy Winters, CPM®, CSM has purchased the firm from J. Paul Falbo, CRX, CSM, CPM®.  Winters has been with this Arizona-based commercial real estate property management and brokerage firm since 1997 and has served as president since 2009. “I am very fortunate to have worked with Paul for over 25 years. … Read More →

Silicon Valley Bank continues expansion in Arizona

Money Tree, WEB

Silicon Valley Bank, the bank of the global innovation economy, is extending its investment in Arizona by bringing additional IT and finance positions to its Tempe location in support of the company’s global operations. In addition, Silicon Valley Bank committed to lend or invest at least $100M to technology and life science companies based in… Read More →

Colliers’ Cooke Team brokers largest multifamily portfolio in Phoenix

Metro Value Add Portfolio, Colliers, WEB

The Cooke Multifamily Investments Team at Colliers International in Greater Phoenix completed the sale of a 2,759 unit-multifamily portfolio for $168.5 million. To date, the largest multifamily portfolio closed in Metro Phoenix and it could hold the record for 2014. The size of this Class A and Class B Value-Add Metro Phoenix Portfolio attracted attention… Read More →

Colliers International sells Class-B office in Phoenix

Colliers, WEB
July 29, 2014 by in AZRE Magazine | Brokerage

Colliers International in Greater Phoenix has recently completed the sale of a Class B office building in Phoenix for $950,000, or $79.40 a square foot. Phoenix-based John F. Long Properties LLP purchased the building, located at 1118 E. Missouri Ave., from Gillman, Kawecki, McCluskey and Windes Investment Partnership of Phoenix. Peter Nieman, an executive vice… Read More →

Chip Kloppenburg joins Sperry Van Ness multifamily team

July 29, 2014 by in AZRE Magazine | Brokerage | Newsmakers

Chip Kloppenburg has joined the multifamily team at Sperry Van Ness, LLC as a Senior Advisor. Kloppenburg brings more than 10 years of commercial real estate experience to the team, having worked previously with CBRE in Rochester, New York and Marcus and Millichap in Phoenix. Kloppenburg holds both the Certified Commercial Investment Member (CCIM) and Certified… Read More →

Michael Knapp joins Voit Real Estate Services

July 29, 2014 by in AZRE Magazine | Brokerage | Newsmakers

Voit Real Estate Services, leading  full-service commercial real estate provider serving the Southwestern U.S. market, today  announced that Michael Knapp joined the firm as Senior Associate. Knapp has worked in the commercial real estate industry for more than four years.  He specializes in Office sales and leasing primarily in Phoenix.  Before joining Voit Real Estate… Read More →

Cushman & Wakefield: Phoenix industrial market hits healthy equilibrium

3401 W Papago - BBK, CushWake, WEB

The Metro Phoenix industrial market has reached a point of healthy equilibrium with overall vacancy at 11.8 percent and steady absorption, according to a report released today by Cushman & Wakefield of Arizona, Inc. “Transactions have become far more cooperative in this environment where landlords and tenants have reached a position of more equivalent expectations,”… Read More →

NXP Semiconductors leases 33KSF at Chandler Midway

CoStar
July 29, 2014 by in AZRE Magazine | Brokerage | Featured

The ViaWest Group announced today that NXP Semiconductors has signed a 10-year lease for 32,988 SF of office space at Chandler Midway Corporate Center, 5670 W. Chandler Blvd. Built in 2007, the project is comprised of two class-A office buildings totaling 111,800 SF. ViaWest originally purchased Chandler Midway in December 2012. At the time of… Read More →

AECOM acquires Hunt Construction Group

rsz_hunt_corporate_logo_jpeg

AECOM, a global leader in infrastructure, announced that it has acquired Hunt Construction Group. The acquisition of Hunt will make AECOM a top U.S. builder, in particular in sports venues, airports and healthcare facilities, and add more than $1 billion in revenue. Through the acquisition, AECOM has the ability to serve clients as a fully integrated… Read More →

Geoffrey Harris joins CBRE Capital Markets

CBRE Group, Inc. today announced that Geoffrey Harris has joined the firm’s Capital Markets’ Debt and Structured Finance team as Senior Vice President. Harris is a financial services professional with more than 15 years of mortgage banking experience. Based in Phoenix, Harris will play a key role in originating net-leased transactions for the firm nationally,… Read More →

Stephanie Sandro named director of operations for Cushman & Wakefield

Stephanie Sandro, Cushman & Wakefield

Stephanie Sandro has been named Director of Operations for Cushman & Wakefield of Arizona.  A proven administrative leader in a variety of industries, Sandro will oversee the financial, administrative and human resources operations for the company in Arizona. Sandro brings to Cushman & Wakefield more than 12 years of operational leadership, having most recently served… Read More →

Second annual Kelly’s Kup registration is now open

Kelly's Kup1 2013, WEB

Caretaker Landscape and Tree Management presents Kelly’s at Southbridge’s second annual Kelly’s Kup Charity Golf Tournament, held at McCormick Ranch Golf Club on Monday, September 8. Proceeds from this event will benefit the Scottsdale Charro Foundation, a 501C3 which supports Scottsdale youth, education and local charities. Kelly’s Kup  is a four-person scramble with a twist:… Read More →

Cox Communications building to be redeveloped as apartments

Cox building

ORION Investment Real Estate announced Thursday night the closing of a single-story office/warehouse building, located at 160 S. MacDonald in Mesa, Arizona for $750,000 to Cardinal Capital Management, Inc. “The buyer plans to redevelop the site into an apartment community and wanted to be close to the future light rail stations,” says Nick Miner, Vice… Read More →

Paul Johnson Drywall, Inc. partners with Younger Scaffold & Supplies, LLC

123RF.com, Copyright: valeriylebedev

Paul Johnson Drywall, Inc. (PJD) has established a new vendor partnership with Younger Scaffold & Supplies, LLC. (Younger). The agreement requires that Younger will provide heavy-duty scaffolding, safety training and inspections of the equipment onprojects where PJD crews are working. As one of Arizona’s largest drywall contractors, PJD is creating a more efficient and safe… Read More →

Colliers completes $1.9M sale/leaseback for Arrowhead Health Centers in Surprise

Arrowhead Health Centers, Colliers, WEB

Colliers International in Greater Phoenix recently completed a sale/leaseback transaction for Arrowhead Health Centers’ location in Surprise for $1.9 million, or $309 per square foot. A buyer from Brooklyn, New York, purchased the property, 17061 N. Avenue of the Arts, suite 100, from Scottsdale Office Properties (formed by Arrowhead Health Centers). Marc Bonilla, vice president… Read More →