AZRE Magazine Archives

Arizona’s Valley of the Scholars

Grand Canyon University; Photo by Shavon Rose for AZ Big Media

Phoenix may be built on a grid system, but it’s not too hyperbolic to say all roads (and, one day, light rail routes) lead to Arizona State University. It’s the theory of diffusion of innovations, says Sundt Construction’s Business Development Manager Ryan Abbott. The theory, which has been around since Everett Rogers published a book… Read More →

Indian Bend Corporate Center condo sells for $1.413M

8111 E Indian Bend, WEB
May 26, 2015 by in AZRE Magazine | Brokerage

Commercial Properties, Inc. announced the sale of a ±9,002 SF office condo. Ron Schooler and Kenneth Elmer of CPI’s Scottsdale Office Group represented the seller, Cazona Commercial Properties, LLC in this transaction. RLB Real Estate Holdings LLC purchased the ±9,002 SF Class B Office condo in the Indian Bend Corporate Center, at 8111 E. Indian… Read More →

Heritage Marketplace enters phase two

Courtesy of LGE Design Build

LGE Design Build is starting the construction of the second phase of Heritage Marketplace with rapid leasing momentum. Phase 2, slated to begin construction in late June with a December completion, is already experiencing strong pre-leasing activity. Phase 1 is complete and 100 percent leased for retail and restaurant spaces. An integral part of Gilbert’s… Read More →

Arizona becomes a top state for green building

green-pic

Arizona real estate is LEED-ing the way, breaking into the Top 10 in the nation for the most projects per capita certified LEED for its green building initiative. LEED, Leadership in Energy and Environmental Design, is a green building certification program where projects satisfy prerequisites and earn points to achieve different levels of certification. The… Read More →

How to save green on green building

GreenBuild-featured

Experts say the key to saving money when building green is remembering LEED programs are project specific and what works for one project may not benefit another. Here are some tips to save green while building green. • Start and the process early. You can keep costs lower if you know what you want. This will… Read More →

The great exchange: How 1031 exchanges affect local markets

The Offices at Reems in Surprise were recently exchanged through a 1031 deferral, handled by Colliers International's Rob Martensen.

With the talk of tax reform that would repeal or limit 1031 Exchanges, the global effect of changing like-kind deals is in the spotlight. Section 1031 Exchanges, or like-kind exchanges, are used in commercial real estate to allow investors to reinvest their profits into a new property through an exchange of a similarly valued property… Read More →

No guts, no glory: Tales of risk from Arizona CCIMs

Credit: Wavebreak Media Ltd.

Not all commercial deals were created equal. It’s when things get a little messy, complex or a buyer is considering a potentially risky investment that having a Certified Commercial Investment Manager on his or her side can lead to the most informed decisions possible. This was especially true during the Great Recession. Below are vignettes… Read More →

Cushman & Wakefield | PICOR report recent transactions

Revere Investments, LLC purchased a 2,076 square foot office building at 6079 E. Grant Rd. in Tucson for $282,000 from Kaneen Property, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

Cushman & Wakefield | PICOR reported the following transactions on May 22: SALE 1845 Investments, LLC purchased a 2,200 square foot building at 1841 and 1845 S. Craycroft Rd. in Tucson from Quik-Mart Stores, Inc. for $300,000.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer and Aaron LaPrise, Retail Specialist… Read More →

Haven Behavioral Health expands at Phoenix Memorial Center

Phoenix Memorial

CBRE has negotiated an additional 8KSF of leased space at Phoenix Memorial Center. Haven Behavioral Health has expanded to 30KSF, up from 22KSF. Phoenix Memorial Center is now 93.4 percent leased. Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The tenant was self-represented. “The owners… Read More →

Technology carries real estate through healthcare changes

A nurse sits at the iCare ICU Program at Banner Desert in Mesa.

A patient sits in the ICU at Banner Health’s Fairbanks Memorial Hospital in Alaska. It’s late, many of the staff have gone home. He watches the glowing blinks of the machines monitoring his vital signs lighting the room in little blue and green bursts. Suddenly, a nurse is beckoned to his bedside by an abnormal… Read More →

GCC automotive technology complex celebrates topping out

Courtesy of Adolfson & Peterson

On May 19, Adolfson & Peterson Construction (A&P) celebrated the “topping-out” construction milestone on the new automotive technology complex at Glendale Community College (GCC). The topping-out event marked the completion of the highest point of construction on the jobsite and was celebrated with a catered breakfast and recognition ceremony. Current College President, Dr. Irene Kovala,… Read More →

Helix Capital closes $5.83M private loan deal

Courtesy of Serendipit Consulting

Helix Capital, an Arizona-based commercial real estate investment, development, brokerage and management company, recently closed a $5.83 million private loan deal. Helix provided private financing for a 52,134 SF shopping center located at Bell and Reems Roads in Surprise, Ariz. The shopping center is 100 percent leased and Mountainside Fitness is the anchor tenant, occupying 75… Read More →

$2B freeway expansion benefits $1.4M land opportunity

Cropped ADOT map of proposed expansion routes

No stranger in representing multifamily and land opportunities, Chip Kloppenburg and John Trujillo with Sperry Van Ness in Phoenix are ready to make their own “land” mark at 5252 S. 36th Street in Phoenix. The team is representing the seller.  The 9.64 acres are located only 10 miles from the recently approved Loop 202 extension off Pecos Road. The decision to… Read More →

Arvato Digital Services moves to San Tan Tech Center

San Tan Tech Center, Courtesy of ViaWest

ViaWest Group announced today that Arvato Digital Services, LLC, a subsidiary of the multi-billion dollar global media and services company Bertelsmann, has signed a six-year lease for 33,048 SF of office space at San Tan Tech Center.  The ±129,187 SF property is located at 145 S. 79th Street in Chandler and is also home to the… Read More →