AZRE Magazine Archives

Gilbert Orbital ATK offices sell for $5.5M

Orbital ATK offices in Gilbert
by in AZRE Magazine | Industrial

A California-based investment firm purchased the Orbital ATK offices in Gilbert near Baseline Road and Country Club Drive for $5.5 million. The 73,283-square-foot industrial facility at1405 N. Fiesta Blvd. in Gilbert was sold to Abington Emerson Investments by an undisclosed seller. The single-story industrial facility sits on a 5.2-acre site and was built in 1998. “Fiesta… Read More →

Brewer Companies boosts construction jobs pipeline

SMACNA Arizona
by in AZRE Magazine

At Brewer Companies, Arizona’s largest new construction residential plumbing company, the average salary for second-year plumbers surpasses $50,000 per year. Yet, the company is consistently looking for new team members to meet the demands of their current and growing customer base. Mike Brewer, founder of Brewer Companies, has taken it upon himself to deliver new… Read More →

CBRE and ViaWest complete $23.3M sale in Chandler Midway Corporate Center

by in AZRE Magazine | Brokerage | Office

On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based ViaWest Group. The buyer was Encino-Calif.-based Kramer-Wilson Company,… Read More →

Phoenix is selling off surplus real estate … what are the deals?

Phoenix

It has been found that the City of Phoenix owns a lot of excess vacant land and as a result, Phoenix is hoping to sell the land parcels it doesn’t need to developers. The City of Phoenix owns about 1,400 plots of land, which is worth more than $150 million in total, according to a report by the… Read More →

Eldorado on 1st more than half sold as it nears completion

by in AZRE Magazine

North American Development Group (NADG) and the team at AZ Architecture, along with renowned local architect Will Bruder, have issued an eagerly anticipated construction update for Eldorado on 1st. The project, consisting of a group of seven adjacent city homes located at 6901 East 1st Street is slated to open its doors to owners starting… Read More →

Yung Koprowski launches engineering firm

Yung Koprowski
by in AZRE Magazine

Leveraging a decade of transportation engineering experience and mentorship with the Valley’s leading experts, Yung Koprowski, PE, PTOE launched her own firm, Y2K Engineering. Y2K Engineering LLC (Y2K) is 100-percent minority woman owned and a certified Small Business Concern (SBC). The firm provides traffic engineering and transportation planning services specializing in safety, intelligent transportation systems (ITS), traffic operations… Read More →

The Opus Group appoints 2 new associates for Phoenix market expansion

by in AZRE Magazine | In The Spotlight

 The Opus Group (Opus) announced today that two new associates have been appointed to Opus Development Company, L.L.C. Brett Hopper has joined as senior director, real estate development and Matthew Visnansky has joined as real estate manager, real estate development. In their new roles, Hopper will be responsible for sourcing new development opportunities and Visnansky will… Read More →

Self-storage market in the Valley heats up

Goodyear Self storage
by in AZRE Magazine

Its stability and reliability since the Great Recession has made the self-storage market popular among developers and buyers in Arizona. There are approximately 950 self-storage facilities in the state, according to the Arizona Self-Storage Association, with about 500 in the Valley alone, and over 50 in the development pipeline. Dave King, vice president of self-storage… Read More →

Greater Scottsdale Airpark goes live, work, play

Scottsdale airpark hangar
by in AZRE Magazine | Office

The growing Scottsdale Quarter, facility additions like Sneaky Big Studios and new tech company tenants have propelled the Greater Scottsdale Airpark into the modern live, work, play era, according to a recent report. Jim Keeley released his annual Greater Scottsdale Airpark 2030 Report earlier this month, which credits the expansion of the Scottsdale Quarter to… Read More →

Frank Lloyd Wright School of Architecture announces new branding

by in Architecture | AZRE Magazine

As part of its evolution into an independent graduate school of architecture, the professional architecture program established by Frank Lloyd Wright and carried on through the Frank Lloyd Wright Foundation (Foundation) is redefining and representing its identity this spring.  The school will now be known as the School of Architecture at Taliesin, acknowledging its origins… Read More →

Studio Ma completes innovative work on The Brokery

by in Architecture | AZRE Magazine

Studio Ma announces the completion of their latest project, The Brokery, an innovative real estate co-working office located in the heart of the Arcadia neighborhood of Phoenix. The Brokery is the culmination of a 4-year process which began when real estate executive Tucker Blalock purchased the vacant lot at 4546 N. 40th St. (one block… Read More →

Construction commences on $50M renovation of Renaissance Square

Renaissance Square

Construction commenced today on phase one of a $50 million renovation of Renaissance Square, Downtown Phoenix’s iconic office towers at 2 and 40 N. Central Avenue. In a joint venture, Oaktree Capital Management, L.P., and Cypress Office Properties, LLC, purchased Renaissance square from Hines U.S. Core Office Fund, L.P last year for $151.25 million. The $10 million first… Read More →

Long-term commercial real estate outlook is optimistic

Construction Employment

A recent survey of commercial real estate brokers shows the market is poised for a continued slow and steady recovery, for at least another six months. The latest survey conducted by ASU’s W. P. Carey School of Business reflects changes in attitude now that the Presidential election is over. Responses show confidence has returned. “There are a number of… Read More →

Cushman & Wakefield recognizes top Phoenix producers for 2016

Phoenix
by in AZRE Magazine | Brokerage

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors Michael… Read More →