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.

Frontgate Outlet store opening at Pavilions

Courtesy of De Rito Partners

The Pavilions announced the opening of a first-to-the-market Frontgate Outlet store. Frontgate is a leading brand in the aspirational home lifestyle for both indoors and outside. Frontgate is part of Cornerstone Brands, Inc. (CBI) which is a division of HSNi, a $3.3 billion interactive multi-channel retailer with strong direct-to-consumer expertise. The Pavilions store will be… Read More →

New Corner Bakery to open at Tempe Gateway

Courtesy of Cushman & Wakefield

Cushman & Wakefield of Arizona is delivering a new Corner Bakery to Tempe Gateway, 222 S. Mill Ave. The 4,777-square-foot café/deli/bakery joins tenants that include Limelight Networks, Allstate, Waste Management, and Amazon at Tempe Gateway, which is now 99-percent occupied. Summer Jackson of C&W’s retail group represented the landlord, Parkway Properties Inc., in the long-term… Read More →

Big Deals: Land/Sales, May 2015-June 2015

ADERO CANYON, FOUNTAIN HILLS

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

Skanska makes roadway improvements on SR87

A panorama gives some sense of the scale of the rock wall along SR87.

The Phoenix office of Skanska is close to completion on improvements to SR87 Slate Creek Curve in Sunflower, Ariz. A key focus of the project has been to improve the safety of the roadway, an area vulnerable to rock fall from the surrounding slopes. The $6.1 million roadway project for the Arizona Department of Transportation… Read More →

Big Deals: Office/Sales, May 2015-June 2015

UNIVERSITY OF PHOENIX HQ, PHOENIX

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

DTZ will buy Cushman & Wakefield for $2B

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May 11, 2015 by in AZRE Magazine | Brokerage | Featured

Commercial real estate services firm DTZ is buying Cushman & Wakefield for $2 billion, according to a Wall Street Journal report. Combined, the firm will have more than $5 billion in annual revenue, the  Journal reported. The combined firm will keep the Cushman & Wakefield name and will have more than 250 offices in 50… Read More →

Mark Beal promoted at Ryan Companies

Beal, Mark
May 10, 2015 by in AZRE Magazine | Newsmakers

Ryan Companies US, Inc. has promoted Mark Beal to Division Manager in the SouthWest Region. In his new position, Mark is responsible for the overall leadership and direction of his construction team’s activities. He leads and mentors his group of project managers and project engineers through all phases of the construction process, including estimating, design… Read More →

IPA sells $24.35 million Phoenix apartment community

Cabana on Thomas - Gebing

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Cabana on Thomas, a 382-unit apartment home community in Phoenix. The $24,350,000 sales price equates to approximately $64,000 per unit. IPA senior director Steve Gebing and Marcus &… Read More →

BH Properties purchases 230,524 SF, three-property portfolio

DMC Portfolio_Ocotillo Business Center_Kyrene

DTZ announced the sale of the DMC Portfolio, a ±230,524 square foot, three property portfolio in Tempe and Chandler. BH Properties, LLC (Los Angeles) purchased the portfolio for $22.85 million from Buchanan Street Partners (Newport Beach, CA). Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley and Associate Ben Geelan of DTZ’s Phoenix office… Read More →

Bank 34 leases 10KSF at The Pinnacle

lease

Bank 34 has leased 10,500 square feet of Class A office space at The Pinnacle in Kierland IV, a development of Furst Properties. The location, 14850 N. Scottsdale Road, is the New Mexico-based bank’s fourth full-service banking center. Other branches are located in Peoria, Ariz., Alamogordo, N.M., and Las Cruces, N.M. The bank’s name reflects… Read More →

K. Nicole Flores joins Rainbow Housing board

flores
May 9, 2015 by in AZRE Magazine | Newsmakers

Rainbow Housing Assistance Corporation (Rainbow), a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, has announced K. Nicole Flores, senior vice president for the Austin office of City Real Estate Advisors, has been elected to its board as a director for 2015. With a background in several… Read More →

Sensei Project Solution gets Luhrs City Center’s 9th Floor

(Credit Hansji): http://bit.ly/1JOjXSK

Luhrs City Center (LCC) announced a new addition to its already impressive tenant roster that is making it a tech industry epicenter. Scheduled for completion in mid-May, Sensei Project Solutions will occupy a custom-designed, open floor plan office suite and technology training center unspooling across the entire 9th floor of the LCC’s historic Luhrs Tower.… Read More →

ViaWest acquires 9 acres of industrial land in Deer Valley

Cemex Aerial

ViaWest Group is received a new addition to its expanding portfolio, with the recent successful acquisition of the ±9.02 acres of land in Deer Valley. The property is located at the NEC of Central and Pinnacle Peak Rd. at 50 & 100 E. Pinnacle Peak Rd. in Phoenix, AZ. Zoned A-1, the land is currently… Read More →

Patrick Burch and John Klocek join ABI Multifamily

PatrickJohn
May 8, 2015 by in AZRE Magazine | Newsmakers

ABI Multifamily is adding Patrick Burch and John Klocek to the organization as vice presidents. John Kobierowski, Senior Managing Partner, states, “After an exceptionally strong first year of operations, we have aggressively courted top talent to join our ever-growing, dynamic team. Burch and Klocek have extensive experience in real estate development, construction and rehabilitation, as… Read More →

LNR Partners completes sale of properties at Cotton Center

Cotton Corporate Center I

DTZ announced that LNR Partners, LLC has closed two investment sale transactions involving a total of ±264,000 square feet of office and flex office space within the prestigious Cotton Center business park. The purchaser was a joint venture formed by True North Management Group (White Plains, NY) and Crown West Realty, LLC (a Phoenix-based subsidiary of… Read More →