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.

Winslow + Partners expands team

February 12, 2015 by in AZRE Magazine | Newsmakers

Marcia Karasek, MLA, joined design firm Winslow+Partners in Downtown Phoenix. Karasek’s main responsibilities will be to identify and work on new and leading-edge planning and design opportunities for the team led by Paul Winslow and Kali Mota. A University of Pennsylvania landscape architect by training, Karasek is an active board member for the Phoenix Community… Read More →

Arizona architect to repurpose old Silo into a modern home

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February 12, 2015 by in AZRE Magazine | Featured | In The Spotlight

Nestled in the Garfield Historic District of downtown Phoenix, Arizona, this contemporary rehabilitation of a dismantled 1955 grain silo is challenging conventions of what ‘home’ is. Not only did design architect Christoph Kaiser of Christoph Kaiser LLC develop the concept and design, he also personally funded the project, demonstrating the potentials of urban renewal and “upcycling”. When Christoph… Read More →

Dolce Villagio Townhomes Sells for $7M

February 12, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $7,000,000 sale of Dolce Villagio Townhomes, located in Tempe, AZ.  The complete townhome community consists of 37 individually parceled units that were built in 2007 and are currently operating as luxury apartment rentals.  The $7,000,000 purchase price reflects a price… Read More →

ViaWest acquires ConneXion asset at ASU Research Park

February 11, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

ViaWest Group announced the acquisition of a 49,464 SF multi-tenant office building located at 7855 S. River Parkway, Tempe in the ASU Research Park. ConneXion (previously referred to as Transamerica Research Center) is one of the only multi-tenant buildings located in ASURP. Phoenix-based ViaWest Group paid $5.25MM on the acquisition. This is the second acquisition in ViaWest’s portfolio that… Read More →

Siete II building sells for $3.2M

February 11, 2015 by in Blogs

Colliers International in Greater Phoenix recently completed the sale of the Class B, 54,072-square-foot Siete II building in Phoenix for $3.2 million. Orsett Acquisitions LLC of Phoenix purchased the building, located at 3707 North 7th Street, from UFB Development Corporation of Indianapolis. Both parties were represented by the Colliers Office Solutions Group: Phil Breidenbach, executive… Read More →

The Glen Condos sell for $5M

February 11, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate is pleased to announce the successful sale of The Glen condominiums located near 63th Avenue and Bethany Home Road in Glendale, Arizona.  The condominium complex consists of 200 total units, of which 129 were just sold for $5,000,000.  The Seller in the transaction was Janet Azar and David Farjoodi of The… Read More →

Chandler land zoned for multifamily infill sells for $1.57M

Colliers International in Greater Phoenix recently completed the $1.575 million sale of 4.91 acres ($7.37 per square foot) of land zoned for multifamily in the heart of Chandler. MPC Development LLC of Phoenix purchased the land, located on Alma School Road between Chandler Boulevard and West Fry Road, from Grossman/Robson Associates of Phoenix. The seller… Read More →

Bryan Dunn joins Kitchell as Market Sector Executive

February 11, 2015 by in AZRE Magazine | Newsmakers

Bryan Dunn recently joined Kitchell as a Market Sector Executive, bringing vast experience in preconstruction and construction services. “Brian brings strength, relationships and credibility in markets in which we have a presence but haven’t leveraged all of our capabilities,” said Kitchell Contractors President Dan Pierce. “We will look to him to help penetrate those markets,… Read More →

Velocity Retail announces recent transactions

February 10, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Larry Miller and John Jackson of Velocity Retail represented Irvine Asset Group in the purchase of 31,193 SF at the 3668 W. Anthem Way, Anthem, AZ. The seller, DPC Development Co., was represented by Ryan Schubert of Cassidy Turley-BRE. The purchase represents Irvine Asset Group’s first retail deal in Phoenix. Velocity Retail Group’s Darren Pitts,… Read More →

Alliance Bank Chandler office completed

Sun State Builders is proud to announce the completion of Alliance Bank Chandler, Alliance Bank of Arizona’s newest corporate office and branch, located at 3033 W. Ray Rd. The Alliance Bank Chandler building is a two-story, 28,809 square foot, state of the art bank, designed by The DAVIS Experience. The project features custom finishes throughout, including stone manufactured… Read More →

Sundt adds award-winning project manager to its Tempe roster

February 10, 2015 by in AZRE Magazine | Newsmakers

Sundt Construction, Inc., (www.sundt.com) recently added Grant Larson, preconstruction project manager, to its Tempe office team. Larson immediately joins the preconstruction team pursuing work for the Arizona Department of Transportation  as well as the TexasDepartment of Transportation. In his role, he manages risk for the company during the project’s design phase by providing oversight and… Read More →

Shelton joins Caliente as business development manager

February 10, 2015 by in AZRE Magazine | Newsmakers

Caliente Construction Inc., Tempe, Ariz., announced today that Amy Shelton has joined the company as business development manager. Shelton brings over 10 years of professional experience interacting with clients in sales and marketing. In her new role, she will be responsible for client relations, and lead the client development and retention efforts for the 80-employee… Read More →

Colliers International Hires Project Management Expert

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February 10, 2015 by in AZRE Magazine | Newsmakers

Colliers International in Greater Phoenix has hired Bruce Herr to serve as its new Director of Project Management to streamline the design and construction of clients’ real estate projects. From start to finish, Herr will oversee the scheduling and budgeting of projects and coordinate efforts of team members including architects, general contractors and vendors. Herr… Read More →

Can low interest rates harm Arizona market?

There are times in your life when something wonderful drops in your lap – like an adorable Great Dane puppy on Christmas morning. The puppy is so cute that you fall in love immediately, and never think about how large that Great Dane will become or how that dog will take over your life, destroying… Read More →

Karlin Real Estate Funds $96 Million in Senior Debt

In two separate financings, Karlin Real Estate has funded $96 million in first mortgage debt to refinance resort properties in Arizona and Colorado. Karlin Real Estate has provided affiliates of IMH Financial Corporation (IMH) with $50 million in senior debt to refinance the L’Auberge de Sedona (L’Auberge) and the Orchards Inn, two adjacent hotel properties… Read More →