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.

Daum negotiates 100KSF manufacturing facility lease

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

Daum Commercial Real Estate Services negotiated the lease of a 100,000-square-foot manufacturing facility located at 525 W. Alameda Dr. in Tempe. Rich Sica, executive vice president with Daum Phoenix, represented the lessee, 21st Century Healthcare, in the transaction. This represents Sica’s fourth lease transaction for the nutraceutical company to expand in the Valley over the past several… Read More →

NAIOP Arizona announces mentor program protégés

NAIOP Arizona
by in AZRE Magazine

The 2016-2017 NAIOP Arizona Developing Leaders Mentor Program protégés have been announced, and the 16 young professionals come from all corners of the Valley’s commercial real estate industry. Each protégé was selected to participate in the year-long program in which they will attend educational seminars and complete a full scale development project by the end… Read More →

Alliance Residential Company releases sustainability report

Alliance Residential Company
by in AZRE Magazine | Building Green

Alliance Residential Company, the nation’s largest multifamily developer and seventh largest multifamily manager, shares its continued commitment to sustainability with the release of the 2016 Alliance Citizenship + Sustainability report. This second annual report showcases how Alliance is creating lasting change within Alliance properties, for the people who live and work there and for the multifamily industry.… Read More →

Jessica Sarkissian will lead ‘The Planning Center’ in Tempe

Jessica Sarkissian
by in Architecture | AZRE Magazine

The Planning Center, a leading multi-disciplinary consulting firm that specializes in planning and landscape architecture, recently opened the doors to a new office at 1270 E. Broadway Rd. in Tempe. Jessica Sarkissian, AICP, principal, will lead efforts at the new location. “Our main office is in Tucson, but until the year 2000, we also had a… Read More →

Mesa multifamily complex sells in off-market transaction

Mesa multifamily
by in AZRE Magazine | Multi-Family

Country Club Greens Apartment Homes, totaling 68 units, closed Monday for $6,025,000 ($88,603/unit). The building was fully occupied at close of escrow. Christopher Roach, Matthew Roach, and Joseph Dietz of ORION Investment Real Estate negotiated the off market transaction. “The buyers are a father and son team out of Vancouver, Canada. They plan to hold the… Read More →

Cresa dominates at Goodmans Chair Hockey Tournament

Professionals from the Arizona commercial real estate, architecture, design and construction industries compete in the Goodmans Chair Hockey Tournament to raise money for First Place AZ, a local non-profit working hard to ensure that housing options for people with autism and other special abilities are as bountiful. (Photo credit – K2 Creative.)
by in AZRE Magazine | Newsmakers

Cresa Phoenix recently won Goodmans Chair Hockey Tournament, hosted by  Goodmans Interior Structures and produced by Rooted in Good, Inc., an Arizona 501(c)3 operated by Goodmans employees. This year’s event raised $10,000 for First Place AZ, a local non-profit working hard to ensure that housing options for people with autism and other special abilities are as bountiful as they are for anyone else.… Read More →

Plaza Companies gets negotiating rights to parcel along Loop 101

Plaza Companies
by in AZRE Magazine

The City of Peoria is continuing to push its economic development efforts with a new agreement with Plaza Companies on a critical 14-acre parcel at the southwest corner of Loop 101 and Peoria Avenue. The Peoria City Council voted last week to grant Plaza Companies exclusive negotiating rights on the city-owned parcel with the goal of creating a new commercial office… Read More →

LGE Design Build completes Utility Trailer HQ

Utility Trailer
by in AZRE Magazine | Construction

LGE Design Build recently completed Utility Trailer’s 60,000-square-foot Arizona headquarters at the Rados Tolleson Center. Utility Trailer and its 50 employees outgrew their previous facility in Phoenix, near 22nd Avenue and McDowell Road, where the family-owned business has been located since 1953. The company’s new Arizona headquarters, located on 14 acres at 83rd Avenue and I-10 in… Read More →

NAIOP-AZ board elects news officers and board members

nonprofit board member
by in AZRE Magazine | Newsmakers

The Arizona chapter of NAIOP, the commercial real estate voice for the state, elected its 2017 officers and board members at its annual board meeting held November 1. The 2017 NAIOP-AZ officers are Chairman of the Board Larry Pobuda, Opus Group; Vice Chairman Matt Mooney, Cousins Properties; Programs Chair Andrew Cheney, Lee & Associates; and… Read More →

Marcus & Millichap sells 155-unit property for $10.6M

Marcus & Millichap
by in AZRE Magazine | Multi-Family

Marcus & Millichap (NYSE: MMI) negotiated the sale of Wyndham Place, a 155-unit multifamily community located in Phoenix, Arizona. The asset commanded a sales price of $10,600,000 or $68,387 for unit. Rich Butler, a senior director of Marcus & Millichap’s National Multi Housing Group and Brian Tranetzki, an associate director of Marcus & Millichap’s National Multi… Read More →

ULI Arizona ‘Sharks’ bare their teeth Nov. 9

Are Your Investments Safe Or Risky?
by in AZRE Magazine | Events

Following the enormous success of the popular TV show Shark Tank at ULI Fall Meetings, ULI Arizona is again bringing together expert money and real local deals. A panel of “sharks” will be moderated by C. Joseph Blackbourn, president and CEO, Everest Holdings, to evaluate the proposals and offer the audience a look behind the… Read More →

‘Arizona Republic’ built-to-suit sold for $4.5M

Arizona Republic
by in AZRE Magazine | Industrial

A 35,328-square-foot distribution facility at 18808 N. 32nd St., Phoenix was sold to a Tustin, CA-based firm for $4,500,000 or $127.37 per-square-foot. Phoenix Newspapers Inc., parent company to The Arizona Republic, occupies the facility. Lee & Associates principal, Matt Hobaica, represented the buyer, Greenwood & McKenzie Real Estate Investments. The owner, E & H Smith &… Read More →

Nonresidential construction spending drops in September

Edison Midtown
by in AZRE Magazine | Construction

Nonresidential construction spending fell 0.9 percent from August to September 2016, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending totaled $690.5 billion on a seasonally adjusted, annualized basis for the month, 0.7 percent below September 2015’s figure. The government revised the August nonresidential construction spending… Read More →

Burns & McDonnell moves to Central Arts District to accommodate growth

Burns & McDonnell
by in AZRE Magazine | Office

After growing locally by 300 percent since 2012, Burns & McDonnell is relocating its 90-person office to the Central Arts District for its expanding workforce. The 100 percent employee-owned global engineering, architecture, construction, environmental and consulting firm sees continued expansion, nearly doubling in size in the next few years. “Our clients and their projects have allowed us… Read More →

U.S. apartment rents fall again in October

92257070
by in AZRE Magazine | Multi-Family

The U.S. apartment rent average fell by $3 in October to $1,216, according to data compiled from 123 markets surveyed by Yardi Matrix.  Despite the second straight month of decline in the average, rents grew 4.4 percent nationwide on a year-over-year basis in October. “The declining trend is not unexpected and demonstrates a reversion to more ‘normal’… Read More →