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.

Big Deals: Office, June 2014 – July 2014

Stapley-Corp-Center-32
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Big Deals: Multifamily, June 2014 – July 2014

Broadstone
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Big Deals: Industrial, June 2014 – July 2014

1755-S-75th-Ave-1
October 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one… Read More →

Caution: Low-Flying Aircraft Policies

low flying aircraft
October 23, 2014 by in AZRE Magazine | Blogs | Featured

The Federal Aviation Administration (FAA) is considering a significant reduction in the maximum height limit of buildings near U.S. airports to ensure aircraft have clearance to continue an ascent in the unlikely event that an engine fails at takeoff. The proposed policy would limit building heights of new commercial projects within 10,000 feet of the… Read More →

Use Your Incentives Wisely

Mark-Stapp
October 23, 2014 by in AZRE Magazine | Featured

The use of incentives has become a routine issue in economic and real estate development and their use to attract desired projects such as Tesla or Apple is frequently questioned. Often, people ask if officials are simply helping private parties make bigger profits at the expense of the general public. This is a legitimate question.… Read More →

Keeping up with Pace

John-Glenn,-AIA-color
October 22, 2014 by in In The Spotlight

The 2014 regular legislative session has come to a close and The AIA Arizona Government Affairs Committee, staff and lobbyists have monitored and attempted to influence legislation with fairly good results. We were successful in helping to derail legislation that the committee feels would have been detrimental to the industry including a bill that would… Read More →

Sundt to build temporary lodging at Luke AFB

Luke AFB, Sundt, WEB

The U.S. Air Force 56th Contracting Squadron recently selected Sundt Construction, Inc. as the general contractor for a new temporary lodging facility at Luke Air Force Base in Glendale, Ariz. The $8.9 million, 42,000-square-foot project includes construction of four single-story lodging facilities with 28 units, providing Air Force personnel with short-term, quality housing accommodations as… Read More →

Silencing The Impact Fee

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October 22, 2014 by in AZRE Magazine | Featured

In 2011, the legislature modified the development “impact” fee laws. First, a little “Impact Fees 101.” Arizona has the policy “new growth pays for itself.” When a developer wants to build a project, the city requires that the developer pay fees for the municipal infrastructure to service the project. Infrastructure includes “hard costs,” sewer lines,… Read More →

BOMA Greater Phoenix hosts inaugural industrial summit

Industrial Summit Header

The industrial market is hot, leading the way for both investment and development prospects in 2014 with expected prospects rising to almost the same level as the apartment sector last year. BOMA International is partnering with BOMA/Greater Phoenix to present its first Industrial Summit on Nov. 5 at the Renaissance Hotel Downtown Phoenix, 50 E.… Read More →

An Osha Takeover

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October 22, 2014 by in AZRE Magazine | Featured

Members of the Arizona State Legislature ground their way to final adjournment of the 2014 Legislative session in late April. As always, next year’s state budget was the driving force of the entire process. During the last few weeks of the session, about 300 bills were stacked in an intentional logjam created in both chambers.… Read More →

Leasing the sun

Mark Covington, Exec QA, WEB
October 22, 2014 by in AZRE Magazine | Blogs | Featured

BOMA Greater Phoenix has been working toward the efficiency and sustainability of its members and other commercial buildings for many years. Its Kilowatt Krackdown energy benchmarking and tuning program has engaged almost 500 commercial buildings in the Valley of the Sun since 2009 and has helped Phoenix to grow from No. 23 on the list… Read More →

Tuft & Needle relocates to Phoenix’s warehouse district

605 E. Grant, Tuft and Needle, CushWake, WEB

Tuft & Needle, a startup mattress company, is relocating its headquarters to the Levine Machine Building in Downtown Phoenix’s warehouse district. Cushman & Wakefield of Arizona, Inc. negotiated a 5-year lease as Tuft & Needle relocates from Tempe to a 5,100-square foot facility at 605 E. Grant St. Tuft & Needle designs and manufactures a… Read More →

Phoenix Rising Investments starts Centrica redevelopment in Mesa

Centrica, Courtesy of Cushman & Wakefield

Phoenix Rising Investments, LLC has begun redevelopment on Centrica, an up to 140KSF, class-A office building at 1550 W. Southern Ave. The adaptive re-use project located near the US 60/Loop 101 interchange in the Southeast Valley will turn three former big-box retail stores into an ideal location for companies seeking modern office space that offers… Read More →

Scott Kreitlein joins SmithGroupJJR

Scott Kreitlan, SmithGroupJJR
October 22, 2014 by in Architecture | AZRE Magazine | Newsmakers

SmithGroupJJR has hired  Scott Kreitlein, AIA, LEED AP, as leader of the Science & Technology Studio at its Phoenix office. He joins SmithGroupJJR from HDR, Houston, where he was science & technology principal. Kreitlein, a 20-year architecture veteran, is recognized for his expertise in the design and planning of biocontainment and animal holding facilities, a… Read More →

AFI-USA sells downtown Phoenix development site for $12.75M

Downtown_Phoenix_Aerial_Sketch-on

Real estate developer Africa-Israel USA (AFI-USA) announces the sale of a five-acre downtown Phoenix development site at the corner of Central Avenue and McDowell Road for $12.75 million. AFI-USA had owned the property since 2004. Lennar Multifamily Communities is the purchaser and plans to transform what is currently an empty lot into a 288,000-square-foot luxury residential… Read More →