Author Archives: Peter Madrid

Peter Madrid

About Peter Madrid

Peter Madrid has more than 30 years of experience in the newspaper industry as an editor and reporter at USA Today, Kansas City Star, Tucson Citizen and Arizona Republic. He is a graduate of the University of New Mexico.

TopGolf At Riverwalk Teeing Off In Scottsdale; Groundbreaking Later This Month

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  Golf entertainment company TopGolf unveiled its 12th location and first in Arizona and Metro Phoenix, TopGolf at Riverwalk in Scottsdale The 13-acre property is part of the Salt River Pima-Maricopa Indian Community (SRPMIC). TopGolf will officially break ground on the facility, at 9500 E. Indian Bend Rd. across the street from Talking Stick Resort,… Read More →

ZELL Commercial Real Estate Recent Retail Transactions

Anthem Marketplace in Florence
July 3, 2013 by in Brokerage | Business News

  ZELL Commercial Real Estate Services announces the following retail lease transactions: >> Gano Excel USA, a wholesale coffee distributor, has signed a lease for 1,432 SF in the Winsor Ranch Shopping Center at the SEC of 35th and Glendale avenues in Phoenix. Donna Reece and Dena Zell of ZELL Commercial Real Estate Services, Inc.,… Read More →

Liberty Property Trust Acquires One Of Valley's Largest Vacant Warehouses, 73 Acres Of Land

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  Liberty Property Trust finalized two acquisitions in the past few days, purchasing a nearly completed 593,600 SF warehouse — Estrella Logistics Center; and in a separate deal, bought 73 acres of land at Buckeye Logistics Center West. Both are in the highly desirable Southwest Phoenix Industrial submarket. “The Southwest Phoenix industrial submarket is poised… Read More →

Cassidy Turley Completes Sale Of Former Post Office At 7th St. And Highland

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July 2, 2013 by in Brokerage | Business News

  Cassidy completed the sale of the ±10,000 SF former U.S. Post Office at 741 E. Highland Ave., just east of the SEC of 7th St. and Highland Ave. 2701 Camelback Development, Inc. (VanTuyl Group of Phoenix) purchased the property for $1.5M from 07, LLC (Wetta Ventures). Cassidy Turley Arizona’s Ryan Leavitt and Brad Douglass… Read More →

RED Development's Aspen Place At The Sawmill To Add REI, Luxury Apartments, More Retail Space

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  RED Development announced that its Flagstaff mixed-use project, Aspen Place at the Sawmill, will add an REI store and launch phase two with 30,000 additional SF of retail space and 222 luxury apartments. The new REI is expected to open in spring 2014, when construction also is set to begin on phase-two additions. The… Read More →

New Homeowners Confidence Survey For Metro Phoenix Debuts

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  Sellers are in short supply. Home prices are still low. Neighborhood parks rule. There are countless studies and surveys on Arizona real estate. Very few have the diverse data that can only come from Arizona’s largest locally owned homeowners association property manager, City Property Management; and expert analysis from the Valley’s top economists at… Read More →

Cassidy Turley Completes 11,312 SF Lease At Mountain View Medical Center

Mountain View Medical
June 28, 2013 by in Brokerage | Business News

  Cassidy Turley completed a lease renewal for 11,312 SF for Scottsdale Medical Imaging Ltd. at Mountain View Medical Center, 10599 N. Tatum Blvd. Senior Vice President Thomas Weinhold of Cassidy Turley Arizona’s Healthcare Practice Group represented the landlord, Mountain View Medical Center, LLC (Phoenix) in the renewal; Rich Andrus of Menlo Group represented the… Read More →

Valley Adds Most New Jobs Nationally As Construction Employment Increases In 185 Of 339 Metro Areas

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  It may be hot in the Valley, but that’s nothing compared to the sizzling construction employment market. Construction employment increased in 185 out of 339 metro areas between May 2012 and May 2013, with the Valley adding the most new jobs, 13,000, for an increase of 15%. Employment declined in 115 areas and was stagnant… Read More →

Irgens Completes Banner Health Center in Goodyear

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  Irgens has completed the development of Mountain Ranch Medical Commons, a new Banner Health Center in Goodyear. The state-of-the-art, 13,000 SF Class A medical office facility is just north of Estrella Parkway at Cotton Lane in Estrella, a mixed-use, master-planned community. Banner will provide primary care medical services at the facility along with complimentary… Read More →

Ryan Companies US, Inc. Earns LEED Gold Certification For FBI Phoenix Office

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  The U.S. General Services Administration (GSA) and Ryan Companies US, Inc. announced that the GSA FBI Phoenix Division Office Building has been awarded LEED Gold certification for new construction by the USGBC. Completed in February 2012, the 225,000 SF facility sits on 12.2 acres at 21711 N. 7th St. in Phoenix. The FBI Phoenix… Read More →

Q&A: CCIM Central Arizona President Bobbie Mastracci

Bobbie Mastracci

Bobbie Mastracci, CCIM, opened Phoenix West Commercial in October 2012 after being with Don Bennett & Associates since 2006. She specializes in investment properties, owner user and leasing. Mastracci is 2013 President of Central Arizona CCIM Chapter. She also has served as treasurer, vice president and board member. She is co-founder of the West Valley… Read More →

Cassidy Turley Completes Three Transactions

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Cassidy Turley, a leading commercial real estate provider in the U.S., announced today that Barron Lighting Group has purchased a ±78,672-square-foot manufacturing/warehouse facility on Glen Harbor Blvd. in Glendale for $4,500,000. The seller was Bixby Land Company of Irvine, CA. Cassidy Turley Executive Vice Presidents Bob Buckley, Steve Lindley and Tracy Cartledge and First Vice Presidents… Read More →

MARCUS & MILLICHAP SELLS A 14,820-SQUARE FOOT NET LEASED BUILDING

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Walgreens, a 14,820-square foot net leased property located in Goodyear, according to Steven Ross Chaben, Managing Director of the firm’s Phoenix office. The asset commanded a sales price of $9,094,000. Mark Ruble and Jamie Medress,… Read More →

Cole Real Estate Investments, Inc. Announces Tender Offer

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June 20, 2013 by in Business News

Cole Real Estate Investments, Inc., (NYSE: COLE), formerly known as Cole Credit Property Trust III, Inc., announced today that it has commenced a modified “Dutch auction” tender offer to purchase for cash up to $250 million in value of its shares of common stock on the terms and subject to the conditions described in its… Read More →

New $135M Vee Quiva Casino Getting Closer to July 2 Opening

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  Work crews are putting the finishing touches on the $135M Vee Quiva Hotel & Casino rising south of the current Gila River Indian Community casino off of 51st Ave. in Laveen. Tutor Perini Building Corp. of Phoenix is the general contractor and Friedmutter Group of Las Vegas is the architect for the project, which is… Read More →