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.

Fiesta Ranch warehouse sells in Gilbert

965 N Acacia Drive, WEB
October 15, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 10,366 SF industrial warehouse located in Fiesta Ranch Commerce Park at 965 North Acacia Drive in Gilbert, Ariz. Andy Jaffe, SIOR of CPI’s Tempe Industrial Group represented the buyer, D&F Properties, LLC in this transaction. Andy Jaffe, SIOR commented,… Read More →

Multifamily Dwelling in the Future Looks Luxurious

Multifamily
October 15, 2014 by in AZRE Magazine | Featured

Home ownership is down from 70 percent to 65 percent and rents are rising. “There are just more renters,” says CBRE Vice Chairman and Managing Director Tyler Anderson. There are also a lot more investors. “The low interest rates make multifamily investments very, very compelling,” Anderson says. “They didn’t lower these rates for the multifamily… Read More →

Retail property sells at Aspen Place at the Sawmill

Wholefoods_Flagstaff, WEB

Cassidy Turley announced that Rosenthal & Rosenthal, Inc., through its affiliate Broadway Tenth/Flagstaff, LLC, purchased a retail property leased to Whole Foods in Flagstaff, Ariz., for $11.69M The property is located at 320 S. Cambridge Ln. and is part of the Aspen Place at the Sawmill development. Executive Managing Directors Ryan Schubert and Michael Hackett… Read More →

Valley Partnership raises donations to the tune of $8,000

The finale was a version of “Hey Jealousy,” made famous by the Tempe-based Gin Blossoms. Scott Johnson (center) of Honeygirl is a member of the Gin Blossoms. Ty Lusk (right) also played on the final number.

Valley Partnership’s inaugural Rock For A Cause benefit concert raised more than $8,000 to purchase outdoor musical instruments for 2014 Community Project recipient Arizona Foundation for the Handicapped (AFH). The concert at the Monarch Theatre in Downtown Phoenix drew an estimated crowd of 300. More than 250 tickets were sold in advance. A total of… Read More →

Mackenzie Ford promoted to associate at Cushman & Wakefield

Mackenzie Ford, Cushman & Wakefield

Mackenzie Ford was promoted to associate with the Industrial Properties Group at Cushman & Wakefield of Arizona, Inc. Prior to her promotion, Ford was Senior Brokerage Coordinator with the Industrial Group, working with brokers Jackie Orcutt, John Grady and Keri Scott. Ford joined the team of Orcutt-Grady in 2012 following two years as an analyst… Read More →

Barbi Reuter named COO of C&W | PICOR

Barbi Reuter, PICOR

At its September Shareholder meeting, Cushman & Wakefield | PICOR named Barbi Reuter its Chief Operating Officer (COO), formalizing her work over the past several years. Reuter has been with C&W | PICOR since its inception in 1985, a Shareholder since 1992, and has been an integral and critical part of the success enjoyed by… Read More →

Laurie Sandau joins GPE Commercial Advisors

Laurie Sandau, GPE

GPE Commercial Advisors welcomed Laurie Sandau, Associate Vice President as the newest member of its brokerage team. Sandau brings more than 11 years of local and national commercial real estate experience with Lawyers Title NCS. Her expertise in marketing and business development combined with her knowledge of the title and escrow process brings a fresh… Read More →

Second spec building completed at Chandler Corporate Center

Chandler Corporate Center III, Rockefeller, WEB

The Rockefeller Group announced today that it has completed its 82,000 square foot flex/office building on 8.2 acres at the Chandler Corporate Center campus. The building is the company’s second spec building in the office park. “The success of the first spec office building at Chandler Corporate Center was a factor in The Rockefeller Group… Read More →

Helix acquires industrial complex in Tolleson

Building 5, manufacturing canopy

Helix, an Arizona-based commercial real estate investment company, recently acquired a Truck Distribution Industrial Complex in Tolleson, Ariz. Located at 94th Avenue and Buckeye Road in Tolleson, the 40-acre commercial property consists of 179,000 sq. ft. of buildings including a warehouse, office administration facility, maintenance garage, covered wall truss work area and a 60,000 square… Read More →

CBRE Phoenix office brokers $3.65M Calif. deal

Estates at North Mountain, CBRE
October 14, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Estates at North Mountain, LLC from Los Angeles, Calif. has purchased the Estates at North Mountain apartment complex, a 128-unit multi-family property located at 11850 North 19th Avenue in Phoenix, Ariz., from GLZ Holdings, LLLP of Vancouver, Canada. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented seller in negotiating the $3,625,000 transaction. CBRE… Read More →

CBRE Phoenix office brokers $6.2M sale of Colo. theater

AMC, CBRE, WEB
October 14, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

CBRE has completed the sale of an AMC Theater property in Parker, Colo. The ±32,142-square-foot, triple-net leased property commanded a sale price of $6.2 million. Jesse Goldsmith and Steve Julius with CBRE’s Phoenix, Ariz. office negotiated the transaction on behalf of the buyer, STORE Capital which is headquartered in Scottsdale, Ariz. The seller, Franmar Presentations,… Read More →

Scheduling Institute to move into former warehouse restaurant space

LGE - Scheduling Institute, WEB

LGE Design Build has begun work on a large tenant improvement project in the downtown warehouse district for the Scheduling Institute, a medical and dental practice training company based in Alpharetta, Ga.  The renovated facility at 245 E. Jackson St., occupying the former Jackson’s on 3rd restaurant, will serve as a West Coast U.S. headquarters… Read More →

Sundt completes runway replacement on Minot Air Force base

Runway, Sundt, WEB

Sundt Construction, Inc. (www.sundt.com) recently completed the $33 million runway replacement project at Minot Air Force Base in Minot, North Dakota. Commemorating the achievement, the U.S. Air Force hosted a ribbon-cutting ceremony on the airfield on Sept. 29, 2014. The design-bid-build, heavy civil construction project was completed in just six months while the base remained… Read More →

The value-add play in Phoenix’s multifamily market

Fiesta Park

By:  Steve Jaffe, Executive Vice President and General Counsel, BH Properties   During the most recent Great Recession, Phoenix saw property values drastically decrease and apartment owners lose tenants due to lost jobs. The domino effect resulted in owners dropping rents to maintain occupancy, which, in turn, caused them to lose out on money they would… Read More →

Lo-Lo’s Chicken & Waffles to open in Gilbert Dec. 1

Lo-Lo's Exterior, LGE, WEB

You will soon be able to toast your friends, family and favorite soul food at the Scottsdale and Gilbert locations of Lo-Lo’s Chicken & Waffles, constructed by LGE Design Build. Lo-Lo’s Chicken & Waffles in Scottsdale, 3133 N. Scottsdale Road, recently hosted its grand opening. LGE Design Build constructed the 5,400-square-foot location, just a quarter… Read More →