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.

The Village at Gateway Pavilions sells for $23.15M

Village Gateway Pavilions, Cassidy Turley, WEB

Cassidy Turley announced the sale of The Village at Gateway Pavilions, a 240-unit apartment community located at 1700 N. 103rd Avenue in Avondale, Ariz. PEM Real Estate Group, represented by Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis, sold The Village at Gateway Pavilions for $23.15 million ($96,458 per unit). Alliance Realty Partners,… Read More →

Catellus Development selected as developer for 330-acre ASU project

The 300 acres of land that will become part of the ASU Athletic Facilities District. Photo courtesy of ASU

Arizona State University today announced its selection of Catellus Development Corporation as master developer for the ASU Athletic Facilities District, a unique mixed-use development on 330 acres at the northeast end of the ASU’s Tempe Campus. The District, envisioned as a model for creative urban neighborhood design and sustainable development, will be enlivened by its… Read More →

Cohen Asset Management buys 66KSF warehouse in Phoenix

4346 E Elwood, Lee and Assoc, WEB
October 8, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

A 66,429 SF industrial warehouse at 4346 E. Elwood St. in Phoenix has sold for $5,198,069. Price per SF for the sale was $78.25. The entire site is comprised of 4.68 acres and includes two fenced yards that total .45 acres. The building was 92 percent leased at the time of the transaction. Four Lee… Read More →

Sundt Construction tapped as contractor for barracks renovation

Little Creek Barracks, Courtesy of Sundt

The U.S. Naval Facilities Engineering Command, Mid-Atlantic, Norfolk, Virginia, recently selected Arizona-based Sundt Construction, Inc. as the general contractor for the Bachelor Enlisted Quarters and Central Utility Plant renovations project at Joint Expeditionary Base Little Creek – Fort Story in Virginia Beach, Virginia. Designed in phases to accommodate sailor and soldier loading requirements, the $26.3… Read More →

SheKnows leases 20KSF at Element at Kierland

ElementAtKierland, WEB

CBRE has completed a 20,000-square-foot office lease at Element at Kierland located at 14614 N. Kierland Blvd. in Scottsdale, Ariz. Luke Walker, Dave Carder and Eric Schultz with CBRE’s Phoenix office represented the landlord, Montana Avenue Capital Partners, LLC (MAC) of Santa Monica, Calif. The tenant, Scottsdale-based SheKnows, was represented by Clint Hardison with Keyser.… Read More →

Robert F. Knight & Associates rebrands as Knight Management

Knight Management
October 8, 2014 by in AZRE Magazine | Blogs | Brokerage | In The Spotlight

The longest tenured commercial real estate management firm specializing in third-party owned real estate portfolios in Maricopa County has a new brand identity: Knight Management. Established in 1977 and formerly known as Robert F. Knight & Associates, LLC, the firm’s property management portfolio totals more than 2 million square feet of commercial office space in… Read More →

Cavan Commercial leases 7.5 acres at Phoenix-Mesa Gateway Airport

Cavan Commercial_Phoenix-Mesa Gateway Site Plan, CPI, WEB

Commercial Properties, Inc. (CPI) announced the land lease of approximately 7.5 acres for the future development of approximately 100,000 SF multi-tenant industrial buildings located on the corner of Sossaman Road & Velocity Way and just south of the airport terminal. Leroy Breinholt and David Bean of CPI’s Tempe Industrial Group represented both Phoenix-Mesa Gateway Airport… Read More →

Sperry Van Ness reports recent transactions

Warner Plaza, Courtesy of Sperry Van Ness
October 7, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

RETAIL SALES: First Credit Union North, located at 15505 N. Hayden Road in Scottsdale sold for $1,450,000. Erin Schrauth, Peter McQuaid and Greg Vanlerberghe represented the Seller, First Credit Union. Torrey Briegel of Phoenix Commercial Advisors represented the buyer, FFG Development, LLC.   Michael Gaida and Michael Franks represented the seller, Bernard Howard Realty, LLC,… Read More →

Russ Korcuska returns to Kitchell

Russ Korcuska, Kitchell

Kitchell recently welcomed Russ Korcuska back, in the position of director of market development. Korcuska brings 20-plus years of experience managing commercial construction projects ranging in size from $5,000 to $558 million. “Russ’ depth of experience within the A/E/C community, combined with his drive to deliver exceptional customer service and passion for quality excellence, will… Read More →

Cole Johnson appointed to Department of Labor pilot program council

Cole Johnson, president of Paul Johnson Drywall, was tapped to serve on the business advisory council for a new pilot program called the Employee Misclassification Compliance Assistance Program (EMCAP), which is being initiated by the Department of Labor’s Phoenix District Office of the Wage and Hour Division (DOL). Johnson was asked to serve as a… Read More →

Mike Specht elected to ABA board

The Arizona Builders’ Alliance (ABA), a statewide construction trade association, formed as an alliance of the Associated Builders & Contractors (ABC) and the Associated General Contractors (AGC) welcomed Mike Specht as a newly elected board member at the September board meeting. Specht joined Minard-Ames Insurance Services LLC in 1999. He is a vice president in… Read More →

Sundt Construction hires Ron Stuff as general counsel

  Sundt Construction, Inc. recently hired Ron Stuff as general counsel, replacing Sundt executive Randy Nye, who retired after serving 10 years with the general contractor. Stuff will immediately assume the roles of chief legal officer and chief compliance officer. Additionally, he will serve on the Sundt executive team and the Sundt Companies’ board of directors.… Read More →

Winding Creek apartments sell for $1.7M in Phoenix

Winding Creek, ABI Multifamily, WEB
October 7, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of Winding Creek, an apartment community in Phoenix. The 54-unit garden-style community was originally built in 1982. Winding Creek sold for $1,700,000, which reflects a price just over $31,000 per unit. The sale is the second transaction brokered by… Read More →

Verde Investments buys Superstition Commerce Park

Superstition Commerce Park, Courtesy of Cassidy Turley

Cassidy Turley has announced the sale of Superstition Commerce Park, a 15.97-acre industrial project west of the northwest corner of U.S. Highway 60 and Sossaman Road. Phoenix-based Verde Investments, Inc. purchased the property for $8.8 million from Delta SCP, LLC. The buyer is an owner/user and plans to occupy the project. Cassidy Turley Executive Managing Directors… Read More →

Harper Getting Distinguished Service Award from GPEC

sharon.harper

  Plaza Companies President and CEO Sharon Harper will receive this year’s Distinguished Service Award from the Greater Phoenix Economic Council (GPEC), which recognizes significant individual contributions to economic development efforts in Arizona.   Harper will be honored alongside Phoenix Mayor Greg Stanton, the recipient of the organization’s Outstanding Regional Contribution Award, and Dibble Engineering’s Rebecca Timmer, who will be named Ambassador of the… Read More →