AZRE Magazine Archives

Colliers International completes sale of 1,114-Unit portfolio

rsz_propertymanagement

The Cooke Multifamily Team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, AZ 3 multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56. The size of this Class A and Class B+ portfolio attracted attention from investors around the world. The deal was awarded to an… Read More →

LGE completes Pomo at Gilbert’s Heritage Marketplace

Pomo

LGE Design Build has completed tenant improvement construction for the 2,600-square-foot Pomo Pizzeria Napoletana at Heritage Marketplace in Gilbert. The restaurant features a 6,000-pound, wood-fire pizza oven imported from Italy with hand-crafted stone. In addition, the authentic Italian restaurant features a bar and outdoor seating. “As one of the restaurant hotspots in the Valley, Heritage… Read More →

I-10 West business center sells for $5.5 Million

I-10 West Business Center

DTZ has announced that Thackeray Partners and Trammell Crow Company sold I-10 West Business Center, a three building, multi-tenant industrial complex located one block south of Interstate10 between 55th and 57th Avenue. A Phoenix-based private investor, Kensington Investments, purchased the ±81,571 square foot property for $5.5 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve… Read More →

Gracie Barra Jiu Jitsu school signs long-term lease

Gracie Barra

Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space. Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term… Read More →

Meridian Capital finances Glendale Market Square property

startup

Meridian Capital Group, America’s most active debt broker, negotiated a $21.1 million loan for the acquisition and rehabilitation of Glendale Market Square, a retail property located in Glendale, AZ on behalf of a Southern California-based developer. The three-year loan, provided by a debt fund, features a floating-rate, interest-only payments for the full-term and two one-year… Read More →

The True Life Companies gives back to the City of Flagstaff

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August 27, 2015 by in AZRE Magazine | Construction | Investment

The True Life Companies, the developers of Pine Canyon, a master-planned golf course community in Flagstaff, will be presenting the City of Flagstaff with a check for more than $922,000. The check presentation will take place during the city council meeting on Tuesday, August 25, which begins at 4 p.m. As part of the development agreement with the City of Flagstaff,… Read More →

C & W | PICOR late August recent transactions

Deal, WEB

SALE Damar Properties, LLC purchased a 26,440 square foot industrial building at 5970 S. Palo Verde Rd. in Tucson from Lazydays Land Holdings, LLC for $1,100,000.  Rob Glaser, SIOR, CCIM, Industrial Specialist, with Cushman & Wakefield | PICOR, represented the seller and Doug Marsh with Oxford Realty Advisors, represented the buyer in this transaction. Nexpa… Read More →

Cohen expands Southwest presence with two new hires

123RF.com, Copyright: valeriylebedev
August 26, 2015 by in AZRE Magazine | Newsmakers

Cohen Financial, a national real estate capital services firm, has announced that it has hired Kevin Sellers, Director of Capital Markets, and Krisie Holdaway, Associate, in the company’s Phoenix office.  Mr. Sellers and Ms. Holdaway report to Manny Brown, President of Capital Markets. In May 2015, Neal Churney joined Cohen Financial to lead the Phoenix office.… Read More →

Uptown Plaza welcomes Muse Apparel as their first new tenant

Photo by Vintage Partners

Uptown Plaza, the landmark shopping center at the intersection of Central Ave. & Camelback Rd., has announced the grand opening of its first new tenant, Muse Apparel, since kicking off a wall-to-wall renovation in mid-2014. Opening just in time to celebrate Uptown Plaza’s 60th Anniversary tomorrow, August 25, 2015, this popular 10-year-old local women’s clothing boutique recently relocated… Read More →

2015 Most Influential Women in Commercial Real Estate

Mike Mertes, Az Big Media

The 12 women who made AZRE’s Most Influential Women in Commercial Real Estate list are an extraordinary bunch. While that seems implied in the recognition, it’s something that goes beyond their professional achievements. Many of these women have held minimum wage jobs, slowly working through the ranks to a C-suite. A few have known the… Read More →

Sundt Construction increases focus on sustainability

Sundt

Sundt Construction, Inc. recently expanded its commitment to sustainability with a corporate-wide initiative to effect a positive change on the environment, increasing its presence as one of the top green contractors in the nation. The company’s new environmentally focused charge is evidenced by the latest rankings from two of the industry’s leading construction publications – Engineering News-Record (ENR) and Building Design… Read More →

Jody Pokorski – Most Influential Women In Commercial Real Estate

Photo by Mike Mertes, Az Big Media

Jody Pokorski Partner and real estate practice leader, Snell & Wilmer Years in the industry: 30 Jody Pokorski has been behind some of the biggest deals in the Valley. She represented Arizona State University in the State Farm headquarters in Tempe deal that has become the largest office development in the state. A few years ago,… Read More →

Grandview Terrace finishes last phase of assisted living project

Grandview

Grandview Terrace Health and Rehabilitation by Sun Health has finished building an upscale 20-suite residence for up to 30 people who need assistance with activities of daily living. Grandview Terrace’s Assisted Living project is the last phase of a multi-million dollar, top-to-bottom renovation of the Grandview Terrace Health and Rehabilitation campus — previously known as… Read More →

Ruaha River Power launches Lukosi River Feasibility Study

ruaha

Ruaha River Power Company Limited (“Ruaha Power”) has announced that Ritoch-Powell & Associates (RPA), a Phoenix, Arizona based engineering consulting firm has been selected to undertake a feasibility study for a cascading series of run-of-river hydropower projects on the Lukosi River in central Tanzania. The feasibility study is being partially funded by a US $600,000… Read More →