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.

Sundt adds award-winning project manager to its Tempe roster

February 10, 2015 by in AZRE Magazine | Newsmakers

Sundt Construction, Inc., ( 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

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 →

SimonCRE is Poised for Continued Growth in 2015

February 10, 2015 by in AZRE Magazine | Newsmakers

Commercial real estate developer SimonCRE announces the addition of partner Jeff Carpenter to the organization. With a strong background in retail development, leasing and finance, Carpenter will be involved with and add to the core business strengths of the firm. He brings additional expertise with single tenant build-to-suit and shopping center acquisition, which are explosive… Read More →

Retail real estate veteran joins Velocity Retail Group

February 10, 2015 by in AZRE Magazine | Newsmakers

Velocity Retail Group, LLC announced Dean Ingram has joined the firm as a vice president.   “Dean has very deep experience and client relationships,” said Greg Coxon, Chief Administrative Officer at Velocity.  “Having spent time in the Arizona, Oklahoma and Texas markets will provide our clients with valuable insight and knowledge,” he added.   During… Read More →

Phoenix construction costs expected to rise in 2015

February 8, 2015 by in AZRE Magazine | Blogs | Construction | Featured

On February 5, Mortenson released its quarterly Construction Cost Index report for Phoenix along with five other metropolitan areas in the U.S.  According to the report, non-residential construction labor, material and equipment costs in the greater Phoenix area are forecasted to increase 3% in 2015.While costs fell in the latest quarter and there was 6% decline in local, non-residential construction employment last year… Read More →

ULI Arizona District Council announces advisory board members

February 8, 2015 by in AZRE Magazine | Blogs | In The Spotlight

The Urban Land Institute Arizona District Council (ULI) announced the following land use and real estate development industry leaders as new members of the ULI Arizona District Council Advisory Board: Rick Collins                                                 … Read More →

Sky Harbor warehouses sell for $6.3M

ViaWest Group is pleased to announce a new addition to its expanding portfolio, with the recent successful acquisition of the two multi-tenant industrial buildings located at 2950 E. Broadway Road, Phoenix, AZ.. The two buildings, 50,256 SF and 44,838 SF, are part of Broadway Crossing industrial park. The fully leased multi- tenant structures, which sit… Read More →

Toscana Apartments sell for $1.75M

February 8, 2015 by in AZRE Magazine | Blogs

Marcus & Millichap Real Estate Investment Services has announced the sale of Toscana Apartments, a 24- unit apartment community located in Central Phoenix, Arizona. The asset commanded a sales price of $1,750,000 or $72,917 per unit. Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing assignment… Read More →

Trends Day Presentations and A Decade of Trends Video

February 7, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

ULI Arizona Trends Day,  Wednesday, January 28, was a one-day deep dive bringing together 25+ top industry experts to discuss the most current state and national real estate trends, with a focus on what to expect in the future, where the best opportunities can be found, and how these components affect both public and private sector… Read More →

ARA acquires 350-unit multifamily asset

February 7, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

American Realty Advisors, an institutional real estate investment manager with more than $6 billion in assets under management, has acquired a 350-unit luxury multifamily community in Phoenix, Arizona. The acquisition was made in partnership with Wood Partners, a national real estate company that acquires, develops, and manages mixed-use communities. With this acquisition, the holdings managed… Read More →

Pat Prince joins Architechnology

February 7, 2015 by in AZRE Magazine | Newsmakers

Pat Prince has been named vice president of operations at Architechnology, and will directly manage facility consulting operations and support development in the Arizona K-12 market.   Pat has implemented and supported a variety of facility initiatives at Phoenix Union High School District for the last 34 years. Initiatives that he developed and supported were… Read More →

C&W | PICOR releases recent transaction list

February 7, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Arizona Beer House, LLC leased 3,150 square feet at 150 S. Kolb Rd. in Tucson from the Whitthornes Revocable Trust. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and Kevin Kramber with Town West Realty, represented the tenant in this transaction. G4S Secure Solutions (USA), Inc. renewed their lease for… Read More →