Author Archives: 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.

Velocity Retail Group June Transactions

by in Brokerage | Business News

  Velocity Retail Group completed nine transactions in June. A summary of each transaction: >> Velocity Retail’s Larry Miller and Jim Edwards represented the Landlord, Pacific West Land in a 10-year transaction for Urgent Cares of America Holdings, LLC (dba, Fast Med) at Corona del Sol shopping center at the SEC of Ray and Rural… Read More →

Perkins Coie's Phoenix Office Adds Real Estate Attorney Bart Page

  Perkins Coie announced that Bart J. Page has joined the firm’s Real Estate & Land Use Practice as a senior counsel in the Phoenix office. He was most recently Of Counsel at Squire Sanders. “We’re thrilled that Bart is joining us here in Phoenix,” said Shane Swindle, Office Managing Partner of Perkins Coie’s Phoenix… Read More →

Plaza Companies Adds Industry Veteran Sharon Cinadr To Growing Property Management Team

  On the heels of impressive growth in Plaza’s Brokerage Services team and the addition of more than 900,000 SF to the company’s leasing portfolio, Plaza Companies is also bolstering its Property Management team as well. Industry veteran Sharon Cinadr joined Plaza Companies as senior portfolio manager. In this role, Cinadr will initially be managing… Read More →

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

  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

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

  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

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

  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

  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

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

  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

  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

  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

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 →