AZRE Magazine Archives

RED Awards honor best in commercial real estate

red.0227

See photos from the event! Every February, AZRE magazine recognizes the best projects, leading brokerage teams and top companies in Arizona commercial real estate at the Real Estate Development (RED) Awards. On Thursday Feb. 26, at the Arizona Grand Resort & Spa, AZRE magazine presented the 10th annual RED Awards, including its first subcontractor, safety… Read More →

Church turns into retail development

February 27, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of a property located at 5601 E. Broadway Boulevard. The site, formerly home to the Christian Faith Fellowship church, has been slated for retail redevelopment. The property has commanded a sale price of $2.2 million. Nancy McClure and John Ash with CBRE’s Tucson office negotiated the transaction on behalf the… Read More →

RED Awards 2015: Lifetime Achievement Award

Shavon Rose, AZ Big Media

On Feb. 26, AZRE hosted the 10th annual RED Awards reception at the Arizona Grand Resort & Spa in Phoenix to recognize the most notable commercial real estate projects of 2014 and the construction teams involved. RED Award trophies were handed out in 10 project categories, to six brokerage teams and safety, subcontractor, architect, general… Read More →

Manufactured home community trades for $23.85M

February 26, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe, Ariz. The investment real estate asset sold for $23,850,000, which equates to $66,435 per space at a 6.25 percent… Read More →

Tablerock Apartments in Flagstaff sell for $14.35M

February 26, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cushman & Wakefield of Arizona, Inc. has negotiated the $14.35 million sale of Table Rock Apartments, located at 3400 S. Lake Mary Rd. The property, which was built in 1998, contains 100 apartment units in five buildings and was 98 percent occupied at the time of the sale. Virtu Investments of Venice, Calif., sold the… Read More →

OdySea will break ground March 5

McCarthy Building Companies will break ground at 5 p.m. March 5, 2015, on the OdySea Aquarium, which will be located adjacent to Butterfly Wonderland in Scottsdale. The groundbreaking celebration has been organized by OdySea founders Amram Knishinsky, Ph.D., and Martin Pollack and also involves the facility designer Deutsch Architecture Group. Poised to be one of Arizona’s… Read More →

Willis/Arizona Avenue Corporate Park breaks ground

Sun State Builders proudly announced the ground breaking of The Willis/Arizona Avenue Corporate Park. This development consists of two spec warehouse buildings located at the SE corner of Willis Road. & Arizona Avenue in Chandler, AZ. The total square footage of the two buildings is 140,000 SF and situated on an 11 acre lot just south of… Read More →

Solar installation company buys industrial space in Chandler

February 25, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Newmark Grubb Knight Frank (NGKF) announced the sale of 3225 North Colorado Street in Chandler to Sun Valley Solar Solutions. The solar panel installation company purchased the 26,815-square-foot, free-standing industrial building and accompanying 3.3 acres from Washington Street Enterprises Arizona, L.L.C. for $2.7 million or $100.00/square foot. Sun Valley Solar Solutions was represented by NGKF’s… Read More →

Apollo Corporate Headquarters Sells for $183M

February 25, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has negotiated the sale of the Apollo Corporate Headquarters campus, a Class A, 599,664 square foot, three-building, single-tenant office campus located at 4025, 4035, and 4045 South Riverpoint Parkway in Phoenix for $183 million. In addition to negotiating the sale, CBRE also arranged acquisition financing of behalf of the buyer. CBRE’s Barry Gabel and… Read More →

McDowell Mountain Marketplace II sells for $1.37M

February 25, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Helix Properties, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently sold McDowell Marketplace II in Phoenix, Ariz. Located on the Southwest corner of 59th Avenue and McDowell Road in Phoenix, the 9,141 square foot consists of a fully leased retail center. Thomas A. McCarthy purchased the property for $1.375 million… Read More →

Valley Partnership names new president, CEO

vplogo
February 23, 2015 by in AZRE Magazine | Featured | Newsmakers

Valley Partnership has named Cheryl Lombard as its new president and CEO. In this role, Lombard will be responsible for leading and managing Valley Partnership, including developing and executing strategies, and managing the association’s resources, expertise, and leadership initiatives. “Cheryl is an ideal fit in terms of Valley Partnership’s mission and goals,” said Scott Nelson,… Read More →

Portland on the Park gains traction with larger units

Portland on the Park, the highly anticipated sister property to Downtown’s award winning Portland Place, has received significant interest from potential homebuyers with 25 units already reserved. The property also has noted a surge in requests for larger floor plans, and in response, has redesigned selected homes. This change led to the creation of four… Read More →

Isaac Figueroa joins C&W | PICOR

February 21, 2015 by in AZRE Magazine | Brokerage | Newsmakers

Cushman & Wakefield | PICOR announced that Isaac Figueroa has joined it Tucson commercial real estate brokerage team. Figueroa, a Tucson native, joins one of the region’s top producing Office & Medical Office teams, specializing in the leasing and sale of office and medical properties, representing landlords and tenants as well as buyers and sellers. Figueroa began… Read More →

Petitioners seek adaptive reuse of GreenHAUS boutique

“Three Birds” by contemporary artist Lauren Lee

Roosevelt Row is known as a hub for culture, food, and art, but plans for a new residential space could take away decade-old murals. GreenHAUS owners Cole and Danya Reed closed their boutique at the end of last year and moved to Oregon in January to have more secure parental rights for the son they… Read More →