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.

HTA announces pricing of public offering of common stock

Healthcare Trust of America
November 5, 2014 by in AZRE Magazine | Featured | In The Spotlight

Healthcare Trust of America, Inc. announced Tuesday the pricing of its underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $12.55 per share. HTA has granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of its common stock. HTA will receive approximately $100.4… Read More →

Sperry Van Ness reports 4Q retail, office transactions

Hi-Health, Courtesy of Sperry Van Ness
November 4, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

RETAIL SALES:  Mary Ridberg and Rommie Mojahed represented the seller, Jorde Hacienda Inc. in the $1,700,000 sale of a 152,460 SF PAD at Higley Village. Higley Village is located at the SEC of Higley Road and Queen Creek Road in Gilbert. The buyer was ARJ Properties LLC. Trenton McCullough and Shari A. Tucker represented the… Read More →

Paul Borgesen III joins Sperry Van Ness leasing team

November 4, 2014 by in AZRE Magazine | Newsmakers

Paul Borgesen III has joined the office team at Sperry Van Ness, LLC in Phoenix, the firm announced Monday. Paul will focus exclusively on building the office investment sales portfolio and will be working directly with Landlords in the Phoenix market. Borgesen brings a wealth of customer service knowledge to the team, having vast experience… Read More →

Kirk McClure named to Luke AFB Honorary Commander program

Kirk McClure being named an honorary member of the Luke Air Force Base commander program with Lt. Col Matt Warner, Commander of the 310th Fighter Squadron.

Kirk McClure, Director of Business Development for McCarthy Building Companies, was recently named to the Luke Air Force Base Honorary Commander program. The Honorary Commander program at Luke Air Force Base allows members of the community to understand the importance of Luke, the Air Force and Department of Defense military mission. It represents a two-year commitment. Additionally,… Read More →

Think before you ink a commercial lease


By J. Phillip Glasscock, CPA and Attorney at Law If you are a commercial tenant, your business premises lease might represent your highest monthly expense and your longest business commitment. Before signing a commercial lease, a thoughtful exercise in “due diligence” can help protect you from getting burned. Here are some basic “dos and don’ts”… Read More →

Upcoming Valley Partnership breakfast covers transportation

federal transportation bill
November 4, 2014 by in AZRE Magazine | Events | Featured

Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, Nov. 14. This month’s program will feature an update on current road, highway and infrastructure projects in Valley’s construction pipeline. Panelists will discuss projects currently underway as well as those projects slated for near and long term development and how they will… Read More →

Chris Latvaaho joins JLL office leasing group

Chris Latvaaho, JLL
November 4, 2014 by in AZRE Magazine | Newsmakers

The Phoenix office of JLL has hired local broker Chris Latvaaho as Vice President in its Phoenix office leasing group. Latvaaho joins the existing JLL team of Managing Director John Bonnell and Vice President Brett Abramson, who specialize in agency representation for existing and ground-up developments, and both institutional and entrepreneurial landlords. Prior to Joining JLL, Latvaaho served for 14 years as… Read More →

Industrial truck terminal sold for $1.7M in Phoenix

1305 N 27th Ave, WEB
November 3, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., announced the sale of 1305 N. 27th Ave.  Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the buyer in this transaction. The ±26,104 SF, Industrial Truck Terminal is located at 1305 N. 27th Avenue in Phoenix, Arizona adjacent to I-10, and just off 27th Avenue & McDowell… Read More →

Craig Esslinger named president of De Rito Partners

De Rito Partners, Inc. Arizona's Retail Experts

De Rito Partners announced that Craig Esslinger has joined the company as President of De Rito Partners, Inc. on Monday. Esslinger replaces Stan Sanchez who will remain with De Rito Partners, Inc. as senior broker. Among his accomplishments to date, Esslinger has developed more than 4 million square feet of commercial real estate. He led the operations,… Read More →

Phoenix-based NexMetro hires VP, opens Dallas office

November 3, 2014 by in AZRE Magazine | Newsmakers

Phoenix-headquartered NexMetro Communities, America’s builder of next-generation leased–home neighborhoods in the Sunbelt, announced the appointment of real estate veteran, Jon Van De Voorde as the company’s vice president and general manager. Most recently serving as Vice President of Development for Dallas-based Wilbow Corporation, Jon will be heading up NexMetro’s Dallas office with responsibility for the… Read More →

Canadian investor buys Palm Valley Office Park I, II

Palm Valley Office Park

Cassidy Turley announced that Kootenay Holdings, a private investor, has acquired Palm Valley Office Park I and II, a 83,575-square-foot office project located at 1616 North Litchfield Road and 1646 North Litchfield Road in Goodyear, for $15.35 million ($183.67 per square foot). The seller was REO Asset Manager, Steve Schrag of Key Bank c/o KeyCorp Real… Read More →

Ryan Abbott promoted to Sundt business development manager

November 3, 2014 by in AZRE Magazine | In The Spotlight | Newsmakers

  Sundt Construction, Inc., recently promoted Ryan Abbott to Southwest business development manager. Abbott previously served as the general contractor’s science and technology group leader. In his new role, Abbott is responsible for managing the design-build, construction manager at-risk and public/private partnership pursuits for Sundt throughout the Southwest. Abbott began his career at Sundt more… Read More →

Nick Miner appointed to CCIM executive committee

CCIM Central Arizona Chapter Logo

  The CCIM Institute, one of the largest commercial real estate networks in the world, announced its 2015 leadership teams during the organization’s annual conference in Los Angeles on Oct. 17. The CCIM Institute confers the Certified Commercial Investment Member (CCIM) designation, commercial real estate’s global standard for professional achievement. Nick Miner, CCIM, Vice President… Read More →

Robert Howe joins GPE Commercial Advisors

Robert Howe, GPE
November 3, 2014 by in AZRE Magazine | Newsmakers

GPE Commercial Advisors announced the addition of Robert Howe, senior vice president, as the newest member of its brokerage team on Monday. The senior housing (ILF, ALF, MCF, SNF) market is Howe’s brokerage specialty. He has been actively involved in senior housing since 2002, but has owned, managed, developed and brokered commercial real estate since 1974. Howe has… Read More →

Cushman & Wakefield negotiates 5 SE Valley deals

566 E. German

Identifying prime distribution space in the Southeast Valley, the Cushman & Wakefield of Arizona leasing team of Jackie Orcutt,  John Grady, and Mackenzie Ford recently closed five tenant representation deals totaling 76,734 square feet. The leases range in size from 3,744 SF to 26,023 SF across the Southeast Valley. “It has become increasingly difficult to… Read More →