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.

Arizona Polymer Flooring relocates headquarters

Arizona Polymer Flooring
by in AZRE Magazine | Industrial

Arizona Polymer Flooring (APF), a manufacturer of high-performance flooring products and concrete coating systems, has officially relocated into its newest headquarters in Phoenix. The mixed-use building, located near 43rd Avenue and Buckeye Road (4565 West Watkins Street), will feature an 18,000-square-foot production area, 18,000 square feet set aside for storage and warehouse space, and 14,000 square… Read More →

Washington Federal signs long-term lease at Scottsdale Spectrum

Washington Federal moves to Scottsdale Spectrum
by in AZRE Magazine | Office

Washington Federal signed a 10-year, 9,793-square-foot lease at Scottsdale Spectrum, 6720 N. Scottsdale Rd., with the lease scheduled for third quarter 2017. Lee & Associates Principals Adam Tolson and Jim Watkins represented the landlord, Scottsdale-based Globe Corporation. Glenn Smigiel of CBRE procured Washington Federal. Washington Federal has 238 branches in the 9 western states and 31… Read More →

Ryan Companies breaks ground on Banner Health clinic

by in AZRE Magazine

Ryan Companies US, Inc. and Banner Health broke ground today on a 29,350 square foot healthcare clinic in Phoenix, across from Desert Ridge Corporate Center. The new clinic will provide primary care services, dermatology services with spa and laser treatments and x-ray imaging. The healthcare office will have 30 exam rooms, an independent laboratory and… Read More →

NAI Horizon hires Michael Gaida to bolster business brokerage

ABI Multifamily
by in AZRE Magazine | Blogs | Brokerage

NAI Horizon announced that Michael Gaida has joined the company as an associate to help grow and maintain business brokerage initiatives. His primary areas of responsibility will be business brokerage and retail and industrial leasing and brokerage. Past businesses sold have been in the industrial, manufacturing, commercial development, restaurant and services industries. Gaida represents sellers… Read More →

Hexagon Mining selects Downtown Tucson for headquarters

Today, Hexagon Mining, an information technology provider of planning, operations and safety solutions for the mining industry, announced the relocation and expansion of its North American headquarters in Tucson to Downtown Tucson. Hexagon Mining selected City Park at 40 E. Congress Street in Tucson as its new North American headquarters. The company will lease 26,000 square feet on the… Read More →

Fox Restaurant Concepts expands corporate headquarters

by in AZRE Magazine | Blogs | Brokerage

Since 2012, Sam Fox’s corporate headquarters for Fox Restaurant Concepts has sat above The Henry, one of his signature restaurants, in a multi-tenant office complex called The Park located at 4455 E. Camelback Road in Phoenix. Recently, Fox announced the expansion of their corporate offices at The Park. Fox Restaurant Concepts and True Foods Kitchen,… Read More →

Apartments along Washington Street sell for $25M

Apartments along Washington Street
by in AZRE Magazine | Multi-Family

A luxury apartment community along Washington Street, near the Red Mountain Loop 202 Freeway, sold for $25 million to Denver-based Capital Real Estate, according to the brokers on the deal. NMS Property Services sold the 180-unit apartment complex, Mandarina Luxury Apartment Homes, and ORION Investment Real Estate represented both the buyer and seller in the… Read More →

Vacant Mesa land site sells for $250k

Mesa
by in AZRE Magazine | Site Selection

A vacant land parcel near Baseline and Sossaman Roads in Mesa was sold to Goldfield Medical Clinics LLC by Fox Family Business LLC, according to the brokers on the deal. ORION Investment Real Estate Senior Vice President Nick Miner represented both the seller, Fox Family Business, and the buyer, Goldfield Medical Clinics, in the $250,000… Read More →

206 acres in Buckeye sell for $18M

Buckeye
by in AZRE Magazine | Site Selection

Scottsdale-based MPC Development LLC purchased 802 partially improved lots in Buckeye for $18,000,000, according to Land Advisors Organization, the listing brokerage firm on the deal. Tempe-based Lennar Communities Development Inc. sold the land, which is located within the Blue Horizon Estates community at the southwest corner of Jackrabbit Trail and Van Buren Street in Buckeye. The… Read More →

Tempe apartments on Baseline sell for $16.35M

Tempe Apartments Sevilla
by in AZRE Magazine | Multi-Family

Sevilla, a 169-unit apartment complex at 1145 W. Baseline Rd., Tempe, sold for $16.35 million to Deleware-based Capital Real Estate LLC, according to Berkadia, the brokerage firm on the deal. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Associate Tom Wolff of the Berkadia Phoenix office exclusively listed the property… Read More →

Moving company buys industrial property for $7M

Moving company location
by in AZRE Magazine | Industrial

A 94,885-square-foot industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50-per-square-foot to a national moving and storage company. Lee & Associates Principal Matt McDougall represented the building owners, Cohen Asset Management, Los Angeles, while Principal Steve Farrell represented the buyer, Phoenix-based S&M Moving Systems. The company is one of the… Read More →

Valley Partnership accepting grant applications for 2017 community project

Valley Partnership
by in AZRE Magazine

Local community organizations should polish their grant writing skills as Valley Partnership is looking for its next 2017 community project. The Valley Partnership Community Project focuses on upgrading the exteriors of local charities. Types of charities selected usually benefit children and are unable to get funding from other sources. Valley Partnership has been hosting its… Read More →

Report: Average Phoenix rents reach new high

Phoenix rents multifamily
by in AZRE Magazine | Multi-Family

Phoenix’s average rent reached a new high this past February at $976 compared to 2016’s February average rent at $935, according to Axiometrics an apartment and student housing analytics firm. The Phoenix annual effective rent growth for February is at 4.4 percent, with a 94.6 percent occupancy rate in Phoenix, according to the report. The… Read More →

ASU hosting Construction in Indian Country conference

construction
by in AZRE Magazine

Arizona State University’s Del E. Webb School of Construction is hosting its annual Construction in Indian Country conference from April 17-19 at the Wigwam Arizona in Litchfield Park. The three-day conference is the 14th annual Construction in Indian Country conference held by the university. There will be a golf tournament and an awards ceremony. Some of… Read More →

Solar company to move operations from California to Tempe

Solar company warehouse
by in AZRE Magazine | Industrial

An entity owned by California-based Solar Junction, a solar cell manufacturer, purchased a warehouse in Tempe with plans to move Solar Junction operations to the facility near 48th Street and Southern Avenue, according to Lee & Associates, the brokers on the sale. Huntington Geneva LLC, a holding entity for the San Jose-based Solar Junction, acquired… Read More →