Author Archives: 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.

ABI Multifamily sells Cabrillo Pointe in Mesa for $3.3M

Cabrillo Pointe

ABI Multifamily has sold Cabrillo Pointe, a 65 unit apartment that is located in Mesa, Arizona for $3,300,000. Cabrillo Pointe is a single-story community, built in 1960 and comprised of one and two bedroom apartment homes with an average size of approximately 836SF. The property features stone accents, built-up roofs and a well maintained interior courtyard area.… Read More →

NAI Horizon sells retail property for $1.575M Vadim Guzhva

John Filli of NAI Horizon represented the seller, Kadkhodaian, LLC in the negotiated sale of a 21,884 SF retail property, for $1,575,000. The property is located at 1316 S. Longmore Rd., Mesa, AZ. This was a sale of an Adaptive Reuse Building consisting of a former AMC Theater with 4 Auditoriums, a 1,402 SF Retail… Read More →

Marina Heights earns AMCA 2015 Project of the Year

Marina heights dusk(c) 2013 DAVIS
by in AZRE Magazine | In The Spotlight | Office

Ryan Companies US Inc.’s two million square foot Marina Heights project has been awarded the Associated Minority Contractors of America (AMCA) 2015 Project of the Year for the first of five office towers to open at Marina Heights, Building D. Ryan has a long-standing commitment to the inclusion of Minority and Women Business Enterprises (M/WBE) on its construction projects. Through Ryan’s… Read More →

4-acre deal closes on 3rd Street and Thomas


Wood Partners’ entity WP West Acquisitions, LLC purchased 4.18 acres on Third Street and Thomas Road in the heart of downtown Phoenix. The sale was brokered through Michael A. Lieb, Ltd representing the buyer, while Stuart Milne and Rich Andrus with Menlo Group Commercial Real Estate represented the multiple sellers in this 17-parcel assemblage. The… Read More →

C&W | PICOR early November recent transactions

123rf:  Andriy Popov
by in AZRE Magazine | Brokerage | In The Spotlight

SALE Wildcat Equities, LLC purchased Palm Garden Apartments, a 38-unit apartment complex at 2302 E. Fort Lowell Rd. in Tucson from PGA Partners, LLC for $1,275,000.  Allan Mendelsberg, Investment Specialist with Cushman & Wakefield | PICOR, represented the buyer and the seller in this transaction. Titan Terminal Properties, LP purchased a 14,015 square foot industrial warehouse at… Read More →

Sierra West Apartments near GCU sell for $1.17M feverpitched

Multifamily advisor and Vice President, Danny Lee never gave up on the possible sale of the 20 unit complex in Phoenix, AZ. Lee worked with the seller for over 18 months empowering his client with the knowledge of market and the seller decided to sell at the right time. Sierra West Apartments is located at… Read More →

CBRE releases Tucson transaction report Oleg Dudko
by in AZRE Magazine | Brokerage | In The Spotlight

CBRE’s Tucson office has released the following transaction report for the last two weeks: LEASES Pro Business Management Services, LLC has leased 1,682 square feet of office space at 4340 N. Campbell Avenue from St. Philips Plaza, LLC. The transaction was conducted on both sides by CBRE’s Tucson office. The landlord was represented by Bruce… Read More →

Camelback Crossing shopping center sells for $14.5M


Cushman & Wakefield has announced that Madison Plaza 1, LLC, an entity formed by a California investor, purchased Camelback Crossing for $14.5 million. The Seller was Nevada Holding Co., L.P., a Delaware Company. Executive Managing Directors Ryan Schubert and Michael Hackett of Cushman & Wakefield negotiated the sale on behalf of the seller. Built in… Read More →

Ryan Companies earns SHARP Award for safety record

Marina heights dusk(c) 2013 DAVIS

Ryan Companies US, Inc. has been awarded Safety and Health Achievement Recognition Program (SHARP) Accreditation by the Arizona Division of Occupational Safety and Health (ADOSH) for the Marina Heights project — the 5-building, 2 million square foot project on Rio Salado Parkway immediately south of Tempe Town Lake. Ryan is one of only two companies to… Read More →

ViaWest Group expands retail with Heather Personne  Rancz Andrei
by in AZRE Magazine | Newsmakers

ViaWest Group has created the formation of ViaWest Retail and appointed Heather Personne, as President, to lead this new business. ViaWest continues to expand its strong team by adding recognized industry leaders with proven track records in specific property types to supplement its growing real estate investment, asset management and development capabilities. ViaWest Retail has a… Read More →

Cohen Financial secures $178M for 24 property portfolio

Vintage Industrial

Cohen Financial has secured the $178.5 million loan for the acquisition of a diversified portfolio of 24 properties located in 12 states by Northstar Commercial Partners, a Denver-based, privately-held commercial real estate (CRE) company that specializes in buying distressed CRE assets across the United States. Mark Strauss, Managing Director of Cohen Financial’s Irvine office, and… Read More →

AZRE Magazine November/December 2015

AZRE Digital Issue
by in Archives | AZRE Magazine | Featured

Lucy in the Skyscraper with Diamonds “We shape our buildings and afterwards our buildings shape us.”— Winston Churchill, May 10, 1941 I don’t like to use quotes in my editor letters, but this one is so perfect for my final one to AZRE’s dedicated readers. For the last two years, I have told enough stories… Read More →

GPE secures sale of former Eva’s Fine Mexican Food


GPE Commercial Advisors, an award winning commercial real estate firm in Arizona, secured the sale of a 14,426 SF mixed use property located at 2033 North Pinal Avenue in Casa Grande. The former restaurant sold for $1,330,000 ($92.19/SF). Senior Vice President, Bret Isbell represented the Seller, Jeril Benedict of KW Commercial represented the Buyer. The… Read More →

NAIOP Arizona names chairman, board for 2016

by in AZRE Magazine

NAIOP Arizona named Bob Hubbard of LBA Realty as its Chairman for 2016. The commercial real estate industry group also named its new officers, five new board members and re-nominated an existing board member. Hubbard, Vice President at LBA, will be joined by officers Larry Probuba, Vice Chairman, The Opus Group; Matt Mooney, Programs Chair,… Read More →

Aerostar Aerospace leases building in Deer Valley


Aerostar Aerospace Manufacturing, a manufacturer of high-complexity machine parts used in commercial aircraft, has completed a 7-year lease on an industrial/manufacturing building located at 2688 East Rose Garden Lane in Phoenix, Arizona. The property is owned and operated by Generic Investments II, LLC. Kidder Mathews commercial real estate brokers, Mike Ciosek, Eric Bell, and Dylan… Read More →