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.

Tucson Airport to upgrade terminal later this year

tucson airport

The Tucson Airport Authority recently selected Sundt Construction, Inc. as the construction manager at risk for a terminal upgrade project expected to begin in late 2015. The project’s construction cost is budgeted at $18 million to $23 million. The Tucson International Airport terminal optimization program, which is Sundt’s third major venture for the airport since… Read More →

Victoria Benavidez joins Lee & Associates

March 16, 2015 by in AZRE Magazine | Newsmakers

Lee & Associates Arizona announced the hiring of Victoria Benavidez as marketing coordinator for principals Stein Koss, SIOR and Thomas Louer, SIOR of the Koss/Louer Team. She will be involved in the leasing, selling and marketing of the industrial team’s portfolio. Benavidez comes to Lee & Associates with 15 years in the commercial real estate… Read More →

Tom Jones Ford Dealership coming to Buckeye

Tom Jones Ford rendering, courtesy of SSB

Tom Jones Ford’s I-10 and Watson location will be a 31KSF sales and repair facility completed in May by Sun State Builders (SSB).  The new Ford facility was a design-build partnership between SSB and Tom Jones Ford, with Winton Architects, Inc. serving as the project architect.  The dealership will include interactive cameras for viewing the… Read More →

ReCommunity Recycling Center sells for $7M

ReCommunity, Courtesy of CBRE
March 16, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

CBRE has completed the sale of the ReCommunity Recycling Center located at 3780 E. Ajo Way in Tucson. The asset commanded a sale price of $7 million. Mike Sandahl, David Blanchette, CCIM and Wyatt Campbell in CBRE’s Tucson office negotiated the transaction on behalf the buyer, a joint venture of three Alaska-based partnerships and the… Read More →

John Cribbs joins Green Ideas Sustainability Consultants

Environmental Excellence Awards
March 16, 2015 by in AZRE Magazine | Newsmakers

Green Ideas Sustainability Consultants announced that John Cribbs has joined the company as a principal. Cribbs’ responsibilities for Green Ideas will include management of the firm’s technical and LEED consulting group in addition to business development and education programs. Upon appointing Cribbs to principal, Green Ideas President Charlie Popeck stated, “John is one of the top… Read More →

DTZ closes two medical office building sales

Fountain Hills Professional Plaza, dtz, web
March 16, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

DTZ, a global leader in commercial real estate services, announced the $4.25 million sale of Harbor Shores Medical Center I, a multi-tenant medical office building located at 3921 E. Baseline Rd. in Gilbert. The buyer was Jabbel Holdings, LLC (Peter Coury and Mike Gustafson) of Garden Grove, Calif. Executive Managing Director Eric Wichterman and Senior… Read More →

Promenade Corporate Center purchased by LPC, Goldman Sachs

Promenade Corporate Center

Office investment and management group Lincoln Property Company (LPC) and partner Goldman Sachs have purchased Promenade Corporate Center in Scottsdale, with plans to re-establish the property through a strategic renovation plan with up to $1 million in improvements. The 256,175 SF Promenade Corporate Center totals two four-story buildings at 16427 and 16435 N. Scottsdale Rd. It sits… Read More →

Jeff Lee joins SimonCRE as vice president of development

March 16, 2015 by in AZRE Magazine | Newsmakers

Commercial real estate developer SimonCRE announced the recent hire of Jeff Lee as vice president of development. Lee comes to SimonCRE with more than 25 years of professional experience in commercial real estate development. Lee brings a wealth of knowledge and invaluable experience to SimonCRE having held positions as real estate development manager, project manager,… Read More →

Winters Arizona buys 13KSF office in Chandler

Courtesy of CPI
March 16, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a ±12,800 SF office building.  Winters Arizona, LLC purchased 3155-3165 S. Price Rd. in Chandler.  Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented the seller, SFGVI Properties LLC, in this transaction. The buyer purchased… Read More →

ConnectionsAZ leases 36KSF at Phoenix Memorial Center

PMHC West, Courtesy of CBRE
March 16, 2015 by in AZRE Magazine | Brokerage

CBRE has negotiated a long-term, 36KSF lease at Phoenix Memorial Center. ConnectionsAZ, a physician-led company that specializes in providing emergency/crisis psychiatric services, has leased the space and will operate a patient intake center from the location. Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The… Read More →

P.B. Bell acquires The Boulevard in north Phoenix

The Boulevard - Exteriors (38), pb bell, web

The P.B. Bell Companies, a multifamily real estate development and management company, has acquired The Boulevard, a 294-unit apartment community in north Phoenix. P.B. Bell purchased the luxury apartment community, located near Bell Road and 7th Street, from Franktown, Colorado-based Slavin Residential for $33.5 million. CBRE Phoenix agents Sean Cunningham and Tyler Anderson brokered the… Read More →

Colliers announces first quarter broker promotions

March 13, 2015 by in AZRE Magazine | Brokerage | Featured | Newsmakers

Colliers International in Greater Phoenix recently promoted 10 brokers, including one to senior executive vice president and three to executive vice president. Each year, Colliers promotes brokers in the first quarter. “The promotions recognize the dedication, talent and expertise of our brokers who know how to maximize opportunities for our clients,” said Bob Mulhern, managing… Read More →

LGE completes construction on Savage Universal HQ

Savage 211 HDR no logo

LGE Design Build has completed construction on a new 64,000-square-foot office and warehouse building in Chandler for Savage Universal, which has provided products for the photography industry since 1937. Needing a more efficient space for its headquarters, the family-run company hired LGE to construct a new building at the gateway of the Chandler Airport Business… Read More →

AZRE Magazine March/April 2015

March 12, 2015 by in Archives | AZRE Magazine

A decade to remember Thanks to the rapid pace of Phoenix Metro’s development, I get to say “I remember when” a lot more than other people my age. This year, AZRE celebrates its 10th annual RED Awards. Since 2006, it has recognized more than 100 leading companies, outstanding projects and stellar brokerage teams in Arizona.… Read More →

Shepley Bulfinch, GLHN awarded Banner project in Tucson

Rendering, planned clinical tower, Banner-University Medical Center Tucson. Image courtesy of Shepley Bulfinch.
March 12, 2015 by in Architecture | AZRE Magazine | Featured

Banner Health has awarded the contract for the design of the new Banner – University Medical Center hospital facility in Tucson to Shepley Bulfinch architects of Phoenix, in association with GLHN Architects & Engineers, Inc. of Tucson. The 11-story tower is scheduled for completion in 2019. This news follows Banner’s acquisition of the University of… Read More →