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.

Practice Management Specialists relocates to Mesa


CBRE has announced the signing of a ±16,380-square-foot office lease at 4435 E. Holmes Avenue in Mesa, Arizona. Practice Management Specialists, a local business service provider for dental practices, will relocate its corporate headquarters to the newly leased building at the end of this year. Jamie Swirtz with CBRE’s Phoenix office negotiated the long-term lease… Read More →

Downtown Phoenix Inc. relocates to CityScape

CityScape_Patriots Park (Low Res)

Downtown Phoenix Inc. (DPI) will be relocating its office to CityScape Phoenix where, for the first time, it will centrally house all affiliate organizations such as Downtown Phoenix Partnership and Phoenix Community Alliance as well as the Downtown Phoenix Ambassadors Info Center. The 7,526 square-foot, second-story office space on the mezzanine level at CityScape, allows Downtown… Read More →

Kristina Locke named Coe & Van Loo’s director of development

Kristina Locke
by in AZRE Magazine | Newsmakers

Coe & Van Loo Consultants, Inc. (CVL) has announced that Kristina Locke has been hired as Director of Business Development. She will be responsible for leading CVL’s business development efforts, increasing brand recognition, and business expansion. Ms. Locke has more than 15 years of experience in marketing, branding, and business development achievements. She has assisted… Read More →

NorthMarq Capital adds Griffin Martin to Phoenix office  Sergey Nivens
by in AZRE Magazine | Newsmakers

Griffin Martin has joined the Phoenix regional office of NorthMarq Capital as vice president and producer. At NorthMarq, Martin’s primary focus will be to structure and place debt and equity for clients seeking to acquire, refinance or develop commercial real estate properties. Most recently, Martin founded and operated a commercial mortgage brokerage company based in… Read More →

Evergreen breaks ground on Litchfield Marketplace

Litchfield Marketplace
by in AZRE Magazine | Construction | New to Market | Retail

Evergreen Development has announced that it recently purchased, and will soon break ground on Litchfield Marketplace, a 20.9-acre retail development at the northeast corner of Camelback and Litchfield Roads in Litchfield Park. “The West Valley is full of new growth and development, and we’re pleased to be part of it,” said Laura Ortiz, Evergreen’s managing principal… Read More →

JLL teams with city to keep Daikin in Phoenix

by in AZRE Magazine

After an eight-month site selection effort led by the Phoenix office of JLL and the City of Phoenix, Daikin Applied will continue to design and manufacture advanced HVAC solutions in the Valley. In a lease signed this week, Daikin confirmed it will relocate its Phoenix operations and approximately 50 manufacturing and management employees from its current location… Read More →

Southwest Valley apartment building sells for $12.1M

Marble Creek

Marcus & Millichap has sold Marble Creek, a 244-unit apartment property in Phoenix. The asset sold for $12,100,000. Cliff David, a Marcus & Millichap vice president investments, and Steve Gebing, a senior director with Institutional Property Advisors, a division of Marcus & Millichap, both in the firm’s Phoenix office, handled the sale on behalf of the… Read More →

CBRE completes $33.5M sale of Gilbert apartments

bayside islands

CBRE has completed the sale of Bayside at the Islands, a 272-unit apartment community located at 1300 West Warner Road in Gilbert, Arizona. The property commanded a sale price of $33.5 million and was 96% occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the… Read More →

Bret Olson joins Velocity Retail Group as broker

Velocity Retail
by in AZRE Magazine | Brokerage | Newsmakers

Velocity Retail Group, LLC has announced Bret Olson, who joined the firm as an Associate. With over 13 years of working in the brokerage and management of retail properties, Bret is adept at working equally well with owners and investors. Formerly a Congressional Aide, Bret combines his experience in the government and political process with… Read More →

Power center on I-17 freeway poised for redevelopment

Just south of Metrocenter Mall, situated at the northwest corner of Dunlap Avenue and the I-17 Freeway, sits a major retail center on the verge of redevelopment. The property, which features approximately 210,000 square feet of retail space on just over 15 acres of land, is known as Metro Marketplace and its new owner has… Read More →

IPA takes home 11 GLAStar Awards

Photo from left to right includes:  Andrea Hughes, Logan Kartes, Andrea Tarrant, Allison Ott, Robyn MacKeller, Larry VanWeelden, Brandon Miller, Katarina Mannor, Melanie VandenBrink, Bill Nixon, and Kristen Chan
by in AZRE Magazine | Events | In The Spotlight

IPA Management was recognized by the Property Management Association of Michigan as Management Company of the Year for a sixth time. The GLAStar Awards, an annual industry event, was held Friday, October 9 at the Kellogg Hotel and Conference Center in East Lansing, Mich. IPA received 10 additional awards including: Assistant Manager of the Year,… Read More →

Alter Group signs two new tenants at Riverwalk


The Alter Group announces two leases at Riverwalk Arizona (, a 176-acre mixed-use business park in Scottsdale, AZ. Mytek Network Solutions, LLC will lease 8,333 SF of space, and City Market Deli signed for 2,349SF; both companies will occupy the 7500 N. Dobson Road facility. Michael J. Alter, President of the Chicago-based national corporate real… Read More →

The FOUND:RE Hotel set to open in downtown Phoenix

101015 Foundre Render F02 Reduced

The concept’s identity is no longer a secret. The former Lexington Hotel located on the northwest corner of West Portland Street and North Central Avenue, is being transformed into the FOUND:RE Phoenix, a one-of-a-kind lifestyle hotel experience with details, designs, public spaces and amenities inspired by contemporary art, culture, fashion and music. The 104-room hotel,… Read More →

LGE Design Build completes 44,000 SF Mesa building


LGE Design Build has recently completed the construction of a 44,000-square-foot building for METSO, the world’s leading industrial company in the mining and aggregates industries and in the flow control business. The building is part of Metso’s service center network and provides a wide range of services primarily to mining and aggregate customers in the… Read More →

Eloy Mobile Home and RV Park sells for $1,015,000

Eloy Mobile Home

Park Brokerage Inc. announced the sale of Westview Mobile Home and RV Park located at 610  W Frontier in Eloy, Arizona was completed on October 26, 2015 for the price of $1,015,000.  John Sheedy with Park Brokerage Inc. negotiated the transaction on behalf of the sellers Repa Stables Inc. and procured the buyer which is a private California-based investor. Eloy Mobile… Read More →