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.

Voit sells two multi-tenant retail centers

February 20, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Darren Tappen, SVP, and Matthew Ault, senior associate, in Voit Real Estate Services’ Phoenix office along with Peter Beauchamp, SVP, in Voit’s Irvine office have successfully directed the sale of two multi-tenant retail centers in the Gilbert submarket with a combined transaction value of $9,861,250. The 24,533 square-foot retail center known as Rodeo Park Plaza… Read More →

Dallas company buys Camelback Square

February 20, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Velocis, a private equity real estate fund, today announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale, Arizona. The asset was previously owned by Lincoln Property Company (LPC), along with a fund managed by Oaktree Capital Management, L.P. (Oaktree). The sale underscores the attractiveness of the project and… Read More →

SOHO Scottsdale to bring urban vibe to Bell Road

SOHO Scottsdale, located just east of the Loop 101 at 92nd Street and Bahia Drive, offers both breathtaking Arizona views and pioneering residential concepts that promise an unrivalled lifestyle for the modern entrepreneur. In early December, the Scottsdale City Council granted approval for the community, which will include approximately 64 home-based business townhomes, an office/retail… Read More →

Technology Center at Talavi sells for $6.25M

February 19, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix used its brokers’ connections to bring about the completion of the $6.25 million sale of the Technology Center at Talavi, a Class A multi-tenant and medical office building in Glendale. Phoenix Heart Realty LLC of Glendale purchased the property, located at 5859 West Talavi Boulevard, from Credit Union West of… Read More →

CoStar relaunches rental site

February 19, 2015 by in AZRE Magazine | Featured | In The Spotlight

CoStar Group (Nasdaq:CSGP) announced today it has re-launched with a completely new website that dramatically improves the experience for renters searching online for apartments, condos and rental homes. The new has more apartments than any other website, and uniquely presents information on actual availabilities and rents to save renters valuable time in their search. The site offers… Read More →

Spooner Physical Therapy leases two Phoenix office suites

Camelback Medical Plaza
February 19, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Spooner Physical Therapy. Spooner Camelback will be expanding and relocating to 5040 N. 15th Avenue, and Spooner Desert Ridge will be expanding and relocating to 20830 N. Tatum Blvd., in Phoenix, Arizona.  Scott Nelson… Read More →

Valley Partnership opens community project grant submissions

Founded in 1987, Valley Partnership is the real estate industry leader advocating for responsible growth policies through public private partnerships that positively impact expansion and economic development. One of its cornerstones is community service. Each year, Valley Partnership selects a nonprofit organization that can benefit from the skills, efforts and supplies provided by its partners.… Read More →

Special Devices Inc. buys 20 acres for manufacturing facility

DTZ announced that Mesa-based Special Devices, Incorporated (SDI) purchased ±19.59-acres at Greenfield Road and Loop 202 for $5.5 million. The company purchased the land for a build-to-suit facility to meet its expansion needs for its air bag components division. DTZ Vice President Kent Hanson represented the seller, RD Greenfield, LLC, during the transaction. The buyers… Read More →

Atkisson Joins SimonCRE as Director of Construction

February 18, 2015 by in AZRE Magazine | Newsmakers

Commercial real estate developer SimonCRE announces the recent hire of Jared Atkisson as director of construction. Atkisson comes to SimonCRE highly experienced with a strong work history including managing the planning, development, construction, remodel, property management and maintenance of a portfolio of over 225 Carl’s Jr., Hardees, and Pizza Patron restaurants throughout the Midwest and… Read More →

Deva Powell joins triARC architecture & design

February 18, 2015 by in AZRE Magazine | Newsmakers

TriARC architecture & design announces the addition of Deva Powell as a senior project manager and studio lead. “We look forward to expanding the depth of experience as we continue to grow our healthcare studio,” said Marlene Seitz, partner and founding member of triARC. Powell, formerly with HKS, has 10 years of experience in the healthcare… Read More →

David Lord joins Lee & Associates

February 17, 2015 by in Blogs

Lee & Associates announced the hiring of David Lord as principal. Lord  joins Todd Braun and Will Barnard to bolster Lee’s multifamily efforts. Lord comes to Lee & Associates with 35 years of brokerage experience, most recently as the senior vice president at Apartment Realty Advisors (ARA). Before joining ARA, he worked as the Chief… Read More →

Kassandra Bruhn joins SimonCRE

Kassandra Bruhn, SimonCRE
February 16, 2015 by in AZRE Magazine | Brokerage | Newsmakers

Commercial real estate developer SimonCRE announced Monday that Kassandra Bruhn has joined as director of marketing to an expanding team of professionals. Bruhn will directly lead the creative content strategy planning and will direct and implement the marketing goals of SimonCRE. Bruhn brings a background in commercial real estate marketing and public relations to the… Read More →

New Arizona child safety department leases 112KSF

February 16, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE and JLL have negotiated a new 112,323-square-foot lease at Phoenix Corporate Tower located at 3003 N. Central Ave. in Phoenix. The tenant, who will be occupying space for administrative purposes, is the recently formed Arizona Department of Child Safety.   Dave Carder, Luke Walker and Eric Schultz with CBRE’s Phoenix office represented the landlord, a joint venture between Colony Capital and Montana… Read More →

CBRE reports southern Arizona transactions

February 15, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

CBRE Tucson has released the following recent transactions for Southern Arizona. Roman Empire Investments, LLC has purchased a 6,250 sq. ft. building at 4143-4149 E. Speedway Blvd. from Commerce Bank of Arizona in Tucson. The buyer was represented by Nancy McClure and Michael Laatsch with CBRE’s Tucson office. The seller was represented by Jim Marian… Read More →

Hawthorne Condos sell for $19.11M

February 15, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate announced the sale of The Hawthorne condominiums located in the Midtown area of Phoenix, near the intersection of 3rd Avenue and Indian School Road.  The condominium complex consists of 276 total units, of which 182 were just sold for $19,110,000.  The seller in the transaction was Jeff Appleton of the Hawthorne… Read More →