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.

Cushman & Wakefield settles Dept. of Child Services lease

June 27, 2015 by in AZRE Magazine | Blogs | Brokerage | Site Selection

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the Arizona Department of Child Safety (DCS) at Mesa Financial Plaza, 1201 S. Alma School Road. The lease, for 46,401 square feet spanning 2 1/2 floors, is new operating office space for DCS. Mesa Financial Plaza, a 16-story high-rise office tower, was built in… Read More →

VCU dean selected as NAU Provost

June 26, 2015 by in AZ Business Magazine | Education

James Coleman, dean of the College of Humanities and Sciences at Virginia Commonwealth University, has been selected as the university’s next provost, President Rita Cheng announced. “Jim’s broad background crosses multiple disciplines and his research focus makes him an excellent fit for provost. Perhaps more important, he shares our passion for transforming the lives of our students… Read More →

EPS adds Richard Hoppe to their Land Development Division

June 26, 2015 by in AZRE Magazine | Newsmakers

EPS Group, Inc. (EPS), a locally-owned Arizona full service civil engineering firm, announced the addition of Richard Hoppe to their Land Development Division. Hoppe has been in the engineering profession for over 35 years with experience in engineering, master planning, design of major land development projects, and infrastructure improvements. Past positions include City Engineer for… Read More →

Jack Travis Logistics receives long-term relocation lease

June 26, 2015 by in AZRE Magazine | Brokerage

Cushman & Wakefield of Arizona, Inc. negotiated a long-term relocation lease for Jack Travis Logistics at Pima Distribution Center #1, located at 236 E. Pima St. The lease is for 20,000 square feet of industrial space, to relocate the company from Tempe, on July 1.  Jack Travis Logistics is a modern freight shipping and logistics… Read More →

Top tenant representative Ruth Darby returns to Colliers

June 26, 2015 by in AZRE Magazine | Newsmakers

Colliers International in Greater Phoenix has announced the return of Ruth Darby, one of the area’s top tenant representation professionals, to its Phoenix office. Darby, vice president, brings 16 years of in-depth corporate real estate experience. Darby has completed transactions in more than 30 markets throughout the United States and in Canada. She specializes in… Read More →

Tucson IDA issues RFP for 2 acres in downtown

An Aerial Shot of Downtown Tucson, Arizona

Today the Industrial Development Authority of the City of Tucson, Arizona, aka the Tucson IDA, issued a Request for Proposals for the property commonly known as “Block 175”, which is approximately 1.943 acres located in the heart of downtown Tucson. Marilyn Robinson, the Tucson IDA’s president, said, “The Tucson IDA believes that the timing for… Read More →

Investors drawn to success of local restaurant real estate


Phoenix loves its food, a characteristic that’s growing the local restaurant industry and building a strong investment story for restaurant real estate. This strength is evidenced by JLL’s recent $4.7 million Dos Gringos, Inc. restaurant portfolio sale, a multi-building deal spanning three active retail markets. JLL’s Tyson Switzenberg, John Reva, Trask Switzenberg and Matthew Berres completed the sale on behalf of Arizona-based… Read More →

Scottsdale Airpark Plaza gets new design retrofit and rename

Habitat X Before Picture

Colliers International in Greater Phoenix sold a 41,348-square-foot multi-tenant, Class B office building in Scottsdale for $4.232 million, or $102 per square foot. The former Scottsdale Airpark Plaza building is being fully redesigned, renovated and renamed Habitat-X (known as Hab-X). EDU3 Ventures of Scottsdale and SHOP LLC of Phoenix purchased the building, located at 13430… Read More →

$18.25M financing secured for development of Edison Midtown

Edison Midtown rendering

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured $18.247 million in non-recourse construction financing for the development of Edison Midtown, a $30.5 million, 110-unit for-sale condominium project in Phoenix’s Midtown neighborhood. HFF worked on behalf of the developer, Deco Communities (Deco), to place the 60-percent loan-to-cost, non-recourse, three-year construction loan with a commercial… Read More →

Winslow and Partners continues to expand

June 24, 2015 by in AZRE Magazine | Newsmakers

Winslow and Partners announced the addition of two licensed and experienced architects to their growing team. Katherine Dudzik Smith, AIA, LEED AP and Brian Ballard, AIA NCARB LEED AP  are both recognized as talented architects. Katherine Dudzik Smith has been involved in the field of Architecture professionally and academically for well over a decade. “I… Read More →

Distribution building sells for $2.15M in investment transaction, Copyright: valeriylebedev
June 24, 2015 by in AZRE Magazine | Brokerage | Investment

A 25,570 SF industrial building at 1401 S. SIesta Lane in Tempe, sold for $2,150,000 or $84.08 per SF. Lee & Associates Broker Kurt Saulnier and Principal Ken McQueen worked both sides of the transaction. The seller was Dunbar Siesta of El Segundo, CA and the buyer was Adler Realty Investments of Woodland Hills, CA.… Read More →

Fresno Apartments in Chandler sells for $732K

Fresno Apts.
June 24, 2015 by in AZRE Magazine | Brokerage

Fresno Apartments recently sold for $732,000 or $36,000 per door to Epicenter Holdings, LLC.  The seller, Mehmed Kozlika, was represented by Chip Kloppenburg of Sperry Van Ness, LLC.  The buyer was represented by Cass Stephens of S.J. Fowler.  Fresno Apartments is located at 275 N. Fresno in Chandler, which is located only minutes east of… Read More →

John Kirby joins Cushman & Wakefield of Arizona

June 24, 2015 by in AZRE Magazine | Newsmakers

John Kirby has joined the Valuation & Advisory group at Cushman & Wakefield of Arizona, Inc. as Director. Kirby has 11 years of experience in commercial real estate appraisal-related work, including litigation support. He previously worked at CBRE, where he was a Senior Appraiser for six years. Kirby also was a commercial appraiser with the… Read More →

Papago Buttes Corporate Plaza expands lease


Cushman & Wakefield of Arizona, Inc. recently negotiated a lease expansion for Western Refining at Papago Buttes Corporate Plaza, located at 1250 W. Washington St.  The expansion results in the company occupying an entire four-story, 105,000-square-foot building. Western Refining has agreed to lease 17,723 square feet of additional space on the fourth floor of the… Read More →

GoDaddy, Total Solutions properties sold in SE Valley

El Dorado Tech

W-EH El Dorado Holdings JV VII, LLC purchased El Dorado Tech Center, a flex/back-office facility, for $18.6 million. The buyer, a joint venture formed by Everest Holdings, LLC of Scottsdale, AZ, and Walton Street Capital, LLC of Chicago purchased the180,480 square foot property located at 2299 W. Obispo Avenue in Gilbert, AZ. The seller of… Read More →