AZRE Magazine Archives

BH Properties acquires Shasta Beverages warehouse in Phoenix

BH Properties, WEB

BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix, for $1.9 million. The all-cash deal closed in 18 days. “This property presented a prime investment opportunity as we are actively… Read More →

Solar Solutions AZ buys three industrial buildings, recent PICOR transactions

Retail Service Systems, Inc. leased 18,424 square feet at 1150 S. Plumer Ave. in Tucson.
September 19, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield | PICOR announced the following recent transactions: Retail Service Systems, Inc. leased 18,424 square feet at 1150 S. Plumer Ave. in Tucson from Antonio Gonzalez.  Paul Hooker and Ron Zimmerman, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. ___ Solar Solutions AZ, LLC purchased three industrial… Read More →

City of Phoenix opens RFP for Adams Street Corridor

Phoenix Convention Center, GoGreen Conference 2011

The city of Phoenix is seeking proposals from proposers who can help revitalize the Adams Street corridor in downtown Phoenix.  Proposals that would rejuvenate the area along Adams and Second streets, adjacent to the Phoenix Convention Center and downtown hotels are highly encouraged. Proposers should address how their business will create vibrant places and active… Read More →

Hacienda Healthcare to break ground on children’s hospital

Hacienda, WEB

On Monday, Sept. 22, at 11 a.m., Hacienda HealthCare and RJM construction will host the groundbreaking ceremony for the new 24-bed, 20,900-square-foot children’s hospital in Mesa, Ariz. The hospital, located at 610 W. Jerome Ave., will feature: Four themed patient wings with unique floor cuts and patient room headwalls to synchronize with the themes Four… Read More →

Peoria Marketplace sells for $5.1M

Peoria Marketplace
September 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of Peoria Marketplace, a ±25,481-square-foot multi-tenant shopping center in Peoria, Ariz. The grocery shadow-anchored retail property is located at 7521, 7549 and 7611 West Cactus Road and commanded a sale price of $5.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction between the seller, G… Read More →

Paul Schoeffler joins Adolfson & Peterson Construction

Adolfson & Peterson Construction (A&P) announced the addition of Paul Schoeffler as senior preconstruction manager for the Southwest region. Schoeffler has over 35 years of experience within the commercial construction industry, primarily in preconstruction roles with large commercial contractors.  Schoeffler will be responsible for working with clients to provide initial conceptual estimates, constructability reviews, and… Read More →

Opportunity for high-tech firms spills into Phoenix’s suburban markets

Infusionsoft

As goes the high-tech industry, so goes opportunity. Once a high-tech company anchors a neighborhood, housing prices rise, new amenities spring up and unemployment dips. JLL’s latest High-Technology Office Outlook reveals where high-tech companies are looking for (and finding) reasonably priced labor and real estate, and how new and unexpected markets like suburban Phoenix are… Read More →

Auto aftermarket company signs 109KSF lease in Phoenix

Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction. Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment arm… Read More →

Vintage Partners to redevelop ’50s era shopping center

Courtesy of MMPR Marketing

Vintage Partners, the Arizona-based commercial real estate development and investment company, announced its selection by Uptown Plaza Associates, LLC to lead the redevelopment of Uptown Plaza, the landmark 1950s era shopping center in central Phoenix on the NE corner of Central Avenue and Camelback Road.  Kicking off with a groundbreaking in September 2014 (exactly 59… Read More →

AZRE Magazine September/October 2014

AZRE Magazine Digital Issue
September 17, 2014 by in Archives | AZRE Magazine

Out of Office Earlier this year, I was at a conference where the keynote spent a good portion of his speech poking fun at Millennials. One of the highlights of the speech had to do with a claim that people between the ages of 18 and 33 are an exceptionally demanding group of employees. The… Read More →

NAIOP Commercial Real Estate 2014: A Special AZRE Report

AZRE_NAIOP_frontpage_small
September 17, 2014 by in Archives | AZRE Magazine

Out of Office Earlier this year, I was at a conference where the keynote spent a good portion of his speech poking fun at Millennials. One of the highlights of the speech had to do with a claim that people between the ages of 18 and 33 are an exceptionally demanding group of employees. The… Read More →

11.58-acre, SW Phoenix industrial facility sold for $2.93M

Lee & associates industrial aerial, web
September 17, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Four buildings totaling 18,496 SF on 11.58 acres of land at 8164 W. Buckeye Rd. in Phoenix, has sold for $2,925,000. The transaction was recorded on September 8. Lee & Associates principals Matt Hobaica, Allen Lowe and TJ Swearengin negotiated on behalf of the owner, MidFirst Bank. Hobaica secured the buyer, EMC Holdings, LLC of… Read More →

Elontec leases 28KSF in Phoenix

Cresa Phoenix
September 16, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cresa Phoenix announced Tuesday that it completed a 28,231 square foot lease for Elontec, LLC at Freeport Industrial Center, 5502 W. Buckeye Rd., in Phoenix. Cresa Phoenix Vice President Ted Liles negotiated on behalf of the tenant, Elontec, LLC, an award winning, female owned furniture, relocation and cabling company. The landlord, BC 5 Buckeye LLC,… Read More →

Cody Kollmann joins Cushman & Wakefield

September 16, 2014 by in AZRE Magazine | Brokerage | In The Spotlight | Newsmakers

Cody Kollmann has joined Cushman & Wakefield of Arizona, Inc. as an Associate in the Office Division of the Tenant Representation Group. Kollmann, formerly an intern at Cushman & Wakefield this past summer, will be working with Senior Director Jay Hoselton and Senior Associate Chris Nord.  His intern experience included market research, updating tenant information,… Read More →