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.

Local construction firm changes name and location

Graycor Construction
by in AZRE Magazine | Construction

Phoenix Construction firm, Nitti Graycor, announced Monday that all operations for its southwest regional headquarters have moved to a new Phoenix location and are officially doing business as Graycor Construction Company. The new location, at 4600 E. Washington St., Suite 440, Phoenix, Arizona 85034, was designed with flexibility and collaboration in mind to best support Graycor’s service… Read More →

NAI Horizon team sells Galeria Del Rio

nai
by in AZRE Magazine | Brokerage

Justin Lanne and Mike Chapman of the NAI Horizon Tucson Multi Family Brokerage Team have sold the Galeria Del Rio, a 101 Unit apartment community located at 5132 Prairie Clover Trail, Tucson, Az. The Purchaser was an entity of Rincon Partners LLC (CPG Capital LLC) based in Scottsdale, AZ. The Seller was River Commons LLC… Read More →

Holualoa, Plaza Companies team buys Arrowhead Center

IMG_3291
by in AZRE Magazine | Office

Holualoa Companies has purchased Arrowhead Executive Center, located at 17235 N. 75th Avenue near Arrowhead Mall in Glendale, Arizona, in an $11.7 million transaction. Plaza Companies is partnering with Holualoa Companies in the transaction and will be offering leasing, property management and construction services for the project. Renovations and improvements are already underway at the… Read More →

Levrose Commercial Real Estate expands retail team

The Levrose Retail Team. Pictured left to right: Greg Vanlerberghe, Trent McCullough, Danielle Davis, Peter McQuaid and Mark Cassell.
by in AZRE Magazine | Newsmakers

Levrose Commercial Real Estate/TCN Worldwide announced the expansion of its retail team with the addition of veteran retail broker Danielle Davis. Danielle originally joined Levrose Commercial Real Estate in 2007 to focus on Landlord and Tenant Representation in Downtown Scottsdale. She rejoins the Levrose team to focus on Landlord representation valleywide. She joins Peter McQuaid,… Read More →

Pathfinder Partners acquires 90 Phoenix condos

Pathfinder Partners
by in AZRE Magazine | Multi-Family

Expanding its Arizona multifamily portfolio, San Diego-based Pathfinder Partners LLC acquired 90 units in Aderra Condominiums – a 312-unit upscale community at 11640 N. Tatum Blvd. in the exclusive Paradise Valley neighborhood of Phoenix – for $15 million. According to Lorne Polger, senior managing director of Pathfinder Partners, his firm acquired the condos in a bulk transaction from Real Capital… Read More →

SkySong 4 ‘Topping Out’ on March 31

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by in AZRE Magazine | Construction

SkySong 4 is closing in on completion, with a key construction milestone being marked in a ceremony tomorrow. SkySong 4 is “topped out,” meaning the structural steel in the construction building has reached the building’s final height. The SkySong 4 construction team will celebrate the milestone at a “Topping Out Party,” to be held at… Read More →

Chandler multifamily complex sells for $47M

Colliers International
by in AZRE Magazine | Multi-Family

Colliers International in Greater Phoenix completed the sale of The Fairways, a 352-unit, Class A apartment community at 777 W. Chandler Blvd., in Chandler, Arizona, for $47 million or $133,523 per unit. The seller was BAZV Fairways LLC, of Scottsdale, Arizona, a company formed by The Bascom Group of Irvine, California. Cindy Cooke, senior executive vice… Read More →

HFF finances Mesa shopping center for $6.3M

finance
by in AZRE Magazine | Retail

Holliday Fenoglio Fowler, L.P. (HFF) announced Monday that it has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot, grocery-anchored community shopping center in east Mesa. HFF worked on behalf of the borrower, Progression REI, to place the 10-year, fixed-rate loan with Wells Fargo Bank. Anchored by a Bashas’ Grocery Store, Marketplace at Signal… Read More →

CRE leaders win big at 2015 Best of NAIOP

NAIOP
by in AZRE Magazine | Brokerage

Bob Mulhern, senior managing director at Colliers International, was honored with the Award of Excellence at the 2015 Best of NAIOP last week at the Arizona Biltmore. A NAIOP member since 1994, Mulhern served on the Arizona Board of Directors for 14 years, including stints as president and chairman in 1996. He is currently chair… Read More →

CBRE completes sale of Tempe corporate center

Tempe Corporate Center
by in AZRE Magazine | Office

CBRE completed the sale of 1515 Corporate Center located at 1515 W. 14th St. in Tempe. The 228,000 square-foot, single-story office building commanded a sales price of $16.5 million. The property was vacant at time of sale. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office negotiated the transaction and partnered with Dave Seeger and Karsten Peterson… Read More →

Dallas-based multifamily developer expands into Phoenix

Downtown Phoenix
by in AZRE Magazine | Mixed-Use | Multi-Family

StreetLights Residential, a design-driven developer of multifamily and mixed-use communities, announced its expansion to the Arizona market with the opening of a Phoenix office. Greg Nadeau, StreetLights’ director of development, who is responsible for multi-family developments and acquisition activity in Phoenix and the surrounding region, leads the office. StreetLights is based in Dallas with offices… Read More →

PICOR announces Tucson leases

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage | Industrial | Retail

PICOR, a Cushman & Wakefield member, announced a string of recent leases that have closed in the Tucson area, including industrial and retail leases. R & G Food Services, Inc. leased 7,383 square feet in the Coach Drive Industrial Building at 4560 S. Coach Dr., Suite 100, in Tucson from Coach Holdings, LLC.  Rob Glaser, SIOR,… Read More →

ORION completes off-market multifamily transaction

ORION
by in AZRE Magazine | Multi-Family

ORION Investment Real Estate facilitated the sale of The Hayward Apartments, a 16-unit apartment community located near the corner of 19th Avenue and Northern Avenue in Phoenix, for $1,150,000. The Hayward Apartments is just two blocks west of the new Metro Light Rail expansion line on 19th Avenue. Constructed in 1985 and renovated in 2014,… Read More →

East Valley Partnership plans Statepersons’ Luncheon

East Valley Partnership
by in AZRE Magazine

The East Valley Partnership, a business advocacy group dedicated to improving business and quality of life in the East Valley region of Greater Phoenix, is hosting the Statespersons’ Luncheon. APS is sponsoring the luncheon that will be held at noon on Tuesday, May 3 at the East Valley Institute of Technology (EVIT) located at 1601 W. Main St. in… Read More →

Construction unemployment rates improve

Bernards & Construction
by in AZRE Magazine | Construction

Unusually mild weather in much of the country continued into the first part of January, but ended for the East near the end of the month with the brutal storm dubbed “Snowzilla.” The storm did not hit until after the reference week used for surveying employment and unemployment. This undoubtedly helped to temper the normal… Read More →