AZRE Magazine Archives

District Lofts now pre-leasing in Gilbert’s Heritage District

by in AZRE Magazine | Multi-Family

Renters looking to establish roots in one of the most desirable areas in the U.S. have a new option: District Lofts. District Lofts is the only luxury rental community located within the Town of Gilbert’s soulful, urban and walkable Heritage District neighborhood. The Heritage District continues to lure the region’s most premier shops, dining and… Read More →

Sunbelt Investment Holdings spurs development activity in Mesa

by in AZRE Magazine | Newsmakers

Sunbelt Investment Holdings, Inc. (SIHI), a privately held and family-owned real estate company with roots in Germany, is making a name for itself as one of the top commercial landowners in the East Valley through its continued investment in Mesa, the 36th largest city by population in the U.S.  Sunbelt Investment Holdings has acquired seven… Read More →

Meet AZRE Forum moderator: Grady Gammage, Jr.

Grady Gammage, Jr.
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Grady Gammage, Jr., founding member of Gammage & Burnham, will moderate one of the panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of the… Read More →

BOMA Greater Phoenix executive director resigns

Sarah Osteen has resigned as the executive director of the Building Owners and Managers Association (BOMA) Greater Phoenix. Osteen took over as executive director last spring after the unexpected passing of her predecessor Mark Covington in December 2015. As executive director, Osteen is credited with helping inspire and empower board members, committee members and local… Read More →

Lee & Associates sells DeMuro Corporate Square for $10.2M

by in AZRE Magazine | Brokerage

DeMuro Corporate Square, a 7-building business park totaling 88,837 SF at 1505-1575 W. University Dr., Tempe, has sold to a California investment entity for $10,200,000. Occupancy was reported to be 92 percent. The transaction closed on June 30. Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead, and Greg Guglielmino represented the seller, University Corporate… Read More →

Meet AZRE Forum panelist: Dennis Desmond

Dennis Desmond
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Dennis Desmond, senior managing director of JLL, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

Steel beam signed by fans installed at Phoenix Raceway

by in AZRE Magazine | Construction

Earlier today, the steel beam signed by fans and the entire field of drivers during this year’s Verizon IndyCar Series Phoenix Grand Prix was installed in one of the two new Canyons – the redesigned and expanded entrances associated with the Phoenix Raceway Project Powered by DC Solar. Fans who signed the steel beam will… Read More →

West 101 Business Center sells for $18.2 million

by in AZRE Magazine | Brokerage

ViaWest Group and Cushman & Wakefield announced today the sale of West 101 Business Center, located at 1830-1850 N. 95th Avenue in Phoenix. Humphreys Fund I, LLC of Oklahoma City, Oklahoma purchased the property for $18,275,000. Steve Lindley, Bob Buckley, Tracy Cartledge and Ben Geelan of Cushman & Wakefield represented the seller, ViaWest Group of… Read More →

Five Star Development prepares massive Paradise Valley project

by in AZRE Magazine | Construction

Five Star Development, owner and masterplan developer of the $2 billion Ritz-Carlton hotel and residences in Paradise Valley, is underway with land preparation on the highly anticipated development. Site work commenced in October 2016 and the mass grading is nearly complete. Over the last several months, approximately 500,000 cubic yards of dirt has been moved,… Read More →

Meet AZRE Forum panelist: Andrew Cheney

Andrew Cheney
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Andrew Cheney, principal of Lee & Associates, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

DBM Ventures developing $25M Chauncey Lane mixed-use project

by in AZRE Magazine | Construction

Scottsdale has no problem drawing crowds, thanks to its thriving dining scene, striking architecture, ample opportunities for shopping and entertainment and near-endless eye candy, and newcomers and locals alike will find all four in abundance at Chauncey Lane. The massive, 53,000-square-foot mixed-use project will debut at the intersection of Scottsdale Road and Chauncey Lane, bringing… Read More →

Developers plan to break ground on $25M Scottsdale mixed-use project this summer

Scottsdale mixed-use project
by in AZRE Magazine | Mixed-Use

Developers are hoping to create a $25 million luxurious shopping, living, dining and office project in Scottsdale at the southeast corner of Scottsdale Road and Chauncey Lane. DBM Ventures expects to break ground on the 53,000-square-foot, mixed-use project, Chauncey Lane, this summer, with an opening date planned for summer 2018.   Provided renderings, courtesy of LGE, Cawley Architects, AV3… Read More →

LGE Design Build completes Chandler Airpark project

by in AZRE Magazine | Construction

LGE Design Build has completed construction on Chandler Airpark, a nearly 97,000 square-foot, six building commercial development, bringing countless new jobs to the East Valley. Construction on the large-scale project located on Douglas Drive (just west of Stearman Drive) in Chandler wrapped in May with developer Silagi Development of Thousand Oaks, California. Three of the… Read More →

P.B. Bell names three new directors

Debra Schooler
by in AZRE Magazine | Real Estate

P.B. Bell, a leader in multifamily housing development, management and acquisitions, has named three new directors to its corporate team based in Scottsdale. Kristina Rauscher and Charlie Koznick join P.B. Bell, respectively, as marketing director and acquisitions director. Arian Ploszaj, who previously served as P.B. Bell’s marketing director, has transitioned to a new role as… Read More →