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.

Peoria Marketplace sells for $5.1M

Peoria Marketplace
September 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of Peoria Marketplace, a ±25,481-square-foot multi-tenant shopping center in Peoria, Ariz. The grocery shadow-anchored retail property is located at 7521, 7549 and 7611 West Cactus Road and commanded a sale price of $5.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction between the seller, G… Read More →

Paul Schoeffler joins Adolfson & Peterson Construction

Adolfson & Peterson Construction (A&P) announced the addition of Paul Schoeffler as senior preconstruction manager for the Southwest region. Schoeffler has over 35 years of experience within the commercial construction industry, primarily in preconstruction roles with large commercial contractors.  Schoeffler will be responsible for working with clients to provide initial conceptual estimates, constructability reviews, and… Read More →

Opportunity for high-tech firms spills into Phoenix’s suburban markets

Infusionsoft

As goes the high-tech industry, so goes opportunity. Once a high-tech company anchors a neighborhood, housing prices rise, new amenities spring up and unemployment dips. JLL’s latest High-Technology Office Outlook reveals where high-tech companies are looking for (and finding) reasonably priced labor and real estate, and how new and unexpected markets like suburban Phoenix are… Read More →

Auto aftermarket company signs 109KSF lease in Phoenix

Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction. Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment arm… Read More →

Vintage Partners to redevelop ’50s era shopping center

Courtesy of MMPR Marketing

Vintage Partners, the Arizona-based commercial real estate development and investment company, announced its selection by Uptown Plaza Associates, LLC to lead the redevelopment of Uptown Plaza, the landmark 1950s era shopping center in central Phoenix on the NE corner of Central Avenue and Camelback Road.  Kicking off with a groundbreaking in September 2014 (exactly 59… Read More →

AZRE Magazine September/October 2014

AZRE Magazine Digital Issue
September 17, 2014 by in Archives | AZRE Magazine

Out of Office Earlier this year, I was at a conference where the keynote spent a good portion of his speech poking fun at Millennials. One of the highlights of the speech had to do with a claim that people between the ages of 18 and 33 are an exceptionally demanding group of employees. The… Read More →

NAIOP Commercial Real Estate 2014: A Special AZRE Report

AZRE_NAIOP_frontpage_small
September 17, 2014 by in Archives | AZRE Magazine

Out of Office Earlier this year, I was at a conference where the keynote spent a good portion of his speech poking fun at Millennials. One of the highlights of the speech had to do with a claim that people between the ages of 18 and 33 are an exceptionally demanding group of employees. The… Read More →

11.58-acre, SW Phoenix industrial facility sold for $2.93M

Lee & associates industrial aerial, web
September 17, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Four buildings totaling 18,496 SF on 11.58 acres of land at 8164 W. Buckeye Rd. in Phoenix, has sold for $2,925,000. The transaction was recorded on September 8. Lee & Associates principals Matt Hobaica, Allen Lowe and TJ Swearengin negotiated on behalf of the owner, MidFirst Bank. Hobaica secured the buyer, EMC Holdings, LLC of… Read More →

Elontec leases 28KSF in Phoenix

Cresa Phoenix
September 16, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cresa Phoenix announced Tuesday that it completed a 28,231 square foot lease for Elontec, LLC at Freeport Industrial Center, 5502 W. Buckeye Rd., in Phoenix. Cresa Phoenix Vice President Ted Liles negotiated on behalf of the tenant, Elontec, LLC, an award winning, female owned furniture, relocation and cabling company. The landlord, BC 5 Buckeye LLC,… Read More →

Cody Kollmann joins Cushman & Wakefield

September 16, 2014 by in AZRE Magazine | Brokerage | In The Spotlight | Newsmakers

Cody Kollmann has joined Cushman & Wakefield of Arizona, Inc. as an Associate in the Office Division of the Tenant Representation Group. Kollmann, formerly an intern at Cushman & Wakefield this past summer, will be working with Senior Director Jay Hoselton and Senior Associate Chris Nord.  His intern experience included market research, updating tenant information,… Read More →

CCIM Institute certification’s return of investment

CCIM Central Arizona Chapter Logo

Op-Ed by Scott Fey, CCIM, Principal, Omni-American LLC The Certified Commercial Investment Member (CCIM) Institute was established in 1954 to give commercial real estate practitioners a previously unrealized opportunity to further their business practices through focused education and networking opportunities. Today, with the addition of advanced technology tools, CCIM is the global leader in commercial and… Read More →

Freeport Distribution Center sells for $12.17M

Freeport Distribution Center, HFF, WEB

HFF announced Monday that it has closed the sale of Freeport Distribution Center, a two-building, 219,240-square-foot distribution center in Phoenix. HFF marketed the property on behalf of the seller, IDI Gazeley, part of Brookfield Logistics Properties under the Brookfield umbrella.  An affiliate of Lincoln Property Company purchased the center for $12.17 million free and clear… Read More →

First Commons at West 10 sells for $6.08M

First Commons at West 10
September 15, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced the sale of First Commons at West 10, a ±99,528, institutional-quality, multi-tenant industrial complex. Located at 4625 and 4635 W. McDowell Road, the two-building, general industrial warehouse buildings were purchased by Enright Capital, Calgary, Alberta for $6.08 million. The seller was MDI Capital. Cassidy Turley Senior Managing Directors Bob Buckley, Tracy Cartledge… Read More →

TicketForce to create mixed-use development in Gilbert

TicketForce-PERS-Hi-res, WEB

A new mixed-use building is coming soon to downtown Gilbert featuring more than 13,000 square feet divided into three stories, a commitment to social responsibility and uniquely: a plan to only house local Arizona businesses. Gilbert residents and owners of East Valley-based ticketing company, TicketForce, Brad Smith and Lynne King Smith, closed last month on… Read More →

Gould Evans hires three staff members

Ed Perez

Multi-disciplinary design firm Gould Evans’ Phoenix studio has added key staff members in three of its specialty areas: architecture, interiors and graphics. Since 2007, Gould Evans has worked to build an integrative design staff that is focused on assisting clients in solving complex design problems across markets. These new Gould Evans associates help “connect the… Read More →