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.

Ground breaks on next Park Place office complex phase

Rendering of retail at Park Place office complex

Douglas Allred Company has announced the immediate construction of three new projects in the Park Place office complex, a 150-acre mixed-use development located in the Price Road Corridor in Chandler, Ariz. These projects include a state-of-the-art business hotel, a retail/restaurant project and a 92KSF cutting-edge, class-A office building. Drury Development Corporation will develop an eight-story,… Read More →

The good, the bad and the ugly with Grant Woods

Grant Woods, by Robbie Quinn
December 5, 2014 by in AZRE Magazine | Blogs | Events | Featured

Valley Partnership continues an annual tradition with its end-of- the-year reflection by the always entertaining and provocative Grant Woods. The former Arizona Attorney General, prominent attorney and community leader will provide a morning of thought-provoking discussion about Arizona politics, education and business. The final Friday Morning Breakfast scheduled for 2014, the event is scheduled for… Read More →

Jeff Keck returns to Adolfson & Peterson as regional VP

Jeff Keck_5x7

Adolfson & Peterson Construction (A&P) announced Thursday morning the return of Jeff Keck to the organization. Keck had previously been a vice president with A&P for 12 years before leaving the company in early 2013. Effective this week, he will return and assume the new position of Vice President of Operations for the Arizona region.… Read More →

Moreland Auto Group buys 22 acres in Avondale

Courtesy of Cassidy Turley
December 4, 2014 by in AZRE Magazine | Brokerage | Featured | Investment

Cassidy Turley* announced the sale of 22.6 acres of commercial land at the northwest corner of Avondale Boulevard and McDowell Road in Avondale, Ariz., for $2.2 million ($2.24 per square foot). Doug Moreland of Colorado-based Moreland Auto Group purchased the property under Moreland Arizona Properties, LLC from Rialto Capital Management LLC. Cassidy Turley Vice Presidents… Read More →

Planning and Zoning Update: Nov/Dec 2014

Planning and Zoning
December 3, 2014 by in AZRE Magazine | Featured

City of Casa Grande The Arizona Department of Transportation (ADOT) continues with its ongoing study of the proposed Interstate 11. The primary aim of the study was to propose and plan a high-priority link between Phoenix and Las Vegas, but ADOT recently indicated that the I-11 planners are considering extending the range of the interstate… Read More →

After Hours: The Highflier, Eric Forshee

December 3, 2014 by in After Hours | AZRE Magazine | Featured

Eric Forshee runs NGKF’s national business development, client relationship management and marketing for property services. He also oversees property management operations in Arizona, Texas and Colorado. In his first five years with Grubb & Ellis, Forshee helped win more than 50MSF of new property assignments. A team player at the office as well as from… Read More →

IREM, CCIM announce 9th annual CRE Economic Forecast

Economic Forecast

IREM and CCIM will present the 9th annual commercial real estate Economic Forecast at the Tempe Center of the Performing Arts on Thursday, Jan. 15, 2015. IREM and CCIM will begin the program by honoring Jerry Colangelo, who will be recognized as the Person of the Year by the organizations. The panel discussion will be… Read More →

HSL breaks ground on Tucson National luxury apartments

Encantada, HSL Properties, WEB

HSL Properties, Inc. announced the ground breaking of its new $46 million, 368-unit luxury apartment home community in the exclusive Tucson National area of the northwest Tucson metropolitan area. With the success of Encantada at Riverside Crossing, Dove Mountain, and Steam Pump, Encantada at Tucson National is the latest in its premiere Southern Arizona luxury… Read More →

Bob Parsons affiliate buys Cornerstone shopping center

Cornerstone 1, Orion, WEB

ORION Investment Real Estate announced Tuesday the sale of The Cornerstone shopping center in Tempe, Ariz., located on the NEC of Rural Road and University Drive adjacent to Arizona State University.  The 117,351-square-foot center sold for $28,556,152 to Cornerstone Retail, L.L.C., a commercial real estate entity affiliated with YAM Properties which was founded by Valley… Read More →

Progressive Leasing to bring 500 jobs to Phoenix in 2015

Talavi, courtesy of CBRE

CBRE has negotiated a 20,000-square-foot office lease at Talavi Corporate Center located at 5651 West Talavi Blvd. in Glendale, Ariz. Progressive Leasing, a Draper, Utah-based financial services vendor for retailers and merchants, will open its first operations center in Arizona, bringing approximately 500 new jobs to metropolitan Phoenix by the end of 2015. Ashley Brooks,… Read More →

Delta Corporation buys 15 acres for mixed-use development

Chandler Piazza, courtesy of Cassidy Turley

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced Monday the sale of 15.35 acres of commercial land at the southeast corner of Frye Road and Ellis Street in Chandler, Ariz., for $2.75 Million ($4.11 per square foot). Chandler-based Delta Frye, LLC, dba The Delta Corporation, a private investment and development… Read More →

Julie Brassell joins DIRTT Environmental Solutions

Julie Brassell
December 1, 2014 by in AZRE Magazine | Blogs | Newsmakers

Julie Brassell has been named business development manager at DIRTT Environmental Solutions. She previously was business development manager at Hunt & Caraway Architects. Her background in the commercial real estate industry includes positions at Brycon Construction, Jokake Construction, DMB Associates and Linthicum Custom Builders. Brassell is a member of AAED, ACE, SMPS Arizona, as well… Read More →

Investor buys Scottsdale office building for $5.18M

6910 E. Chauncey, Lee Associates, WEB

A 30,120 SF office building at 6910 E. Chauncey Ln., in the North Scottsdale Corporate Center in Scottsdale sold for $5,180,640 or $172.00 per SF. The transaction closed on Nov. 19.   Lee & Associates principals Colton Trauter and Bill Blake representedthe seller, CM & PM Acquisitions, LLC of Phoenix. The buyer, Garland’s Oak Creek Lodge,… Read More →

IDI Distributors leases 29KSF in Phoenix

IDI Photo, Cresa, WEB

  Cresa Phoenix announced that it completed a 29,242 square foot lease for IDI Distributors, Inc. at 236 E. Pima St. in Phoenix.   Cresa Phoenix Vice President Ted Liles and advisor Grant Kingdon negotiated on behalf of the tenant, IDI Distributors, Inc., a “One-Stop-Shop” for insulation products and technical expertise. The landlord, Thackeray Partners, was… Read More →

Trilogy Partners buys 12KSF warehouse in Chandler

2915 W Fairview St, CPI, WEB
December 1, 2014 by in AZRE Magazine | Blogs | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of 2915 West Fairview Street, Chandler, Ariz.  Leroy Breinholt represented the buyer and Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the seller in this transaction. The ±12,000 SF, freestanding warehouse building is located just south… Read More →