AZRE Magazine Archives

Berkadia completes midtown Phoenix multifamily sale

Berkadia
by in AZRE Magazine | Multi-Family

Berkadia completed, Wednesday, the sale of Barrington Regent, a Class B rental community in Phoenix. The $11 million sale was completed on May 18, and reflects a $88,709 per-unit price. Located at 825 W. Osborn Road, Barrington Regent is less than a mile from the Metro Light Rail and approximately one mile from the Downtown… Read More →

HFF expands presence by opening Phoenix office

Downtown Phoenix, Photo: Flickr, squeaks2569
by in AZRE Magazine | Newsmakers

Holliday Fenoglio Fowler, L.P. (HFF) is expanding its western U.S. presence by opening an office in Phoenix with a focus on debt and equity placement as well as investment sales serving Arizona and the greater southwest region. The opening of this office will represent HFF’s 23rd location in the U.S. Day-to-day operations of the Phoenix office, which… Read More →

Sundt donates 150k water bottles to St. Joseph

Sundt

Sundt Construction Inc., with help from its subcontractors and suppliers, hosted its seventh annual Thirst Aid water drive, delivering a semi-truck-load of nearly 150,000 bottles of water to St. Joseph the Worker, a Human Service Campus agency, on Friday, May 20. As Phoenix’s summer temperatures hit triple digits, employees from Sundt’s corporate headquarters in Tempe,… Read More →

Daum negotiates $5.6M industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $5.6 million sale of two industrial buildings located in Price Road Industrial Park in Chandler. The sale includes a 43,549 square-foot facility located at 2805 W. Frye Rd. and a 25,184-square-foot building located at 315 S. Bracken Ln., across five acres. Rich Sica with Daum Phoenix represented the seller,… Read More →

Photos: Newport at Tempe brings beach-style living to Valley

The Newport
by in AZRE Magazine | Multi-Family

The border between North Tempe and South Scottsdale just got a little bit cooler with the addition of The Newport at Tempe, a new luxury home community by Newport Beach-based Risi Development. The latest phase of The Newport shows its 38 new single-family homes that brings California beach house-style living to one of the Valley’s most… Read More →

Cushman & Wakefield negotiates sale of Tempe lakefront property

Tempe lakefront property
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the $25.13 million sale of The Nines Apartments, on behalf of owner FPA Multifamily, LLC of San Francisco. The buyer acquired the property with a $19.522 million dollar loan provided by Brandon Harrington and Matt Steffen of Walker & Dunlop in Phoenix. Located at 999 E. Baseline Rd. in Tempe, Ariz., the… Read More →

Amenity packed senior living facilities are the place to go

Colonnade HEADER

The face of senior living and assisted care facilities is changing. From Continuing Care Retirement Communities (CCRCs) and stand-alone memory care and rehabilitation facilities, to entrance-fee models and rental options and hybrids of all of the above, continuum care is departing from a sullen and depressing nursing home stigma. There is no better place to… Read More →

BKM acquires 3-property industrial portfolio in Phoenix

BKM
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio, in an off-market transaction. The three properties are located in Tempe. The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which is 34 percent below replacement cost. This portfolio was acquired as… Read More →

CoreNet Global Arizona will host ‘Midyear Market Update’

CoreNet Global Arizona
by in AZRE Magazine | Events

The 2016 commercial real estate industry in the Valley is showing signs of growth at midyear. But what lies ahead for the next six months in regards to job creation, vacancy rates and available capital? These and other topics will be discussed at the “Midyear Market Update: Brokers’ Perspective,” presented by CoreNet Global Arizona, June… Read More →

Irgens completes Chandler Airport Center project

Chandler Airport Center
by in AZRE Magazine | Office

Irgens – Phoenix finished development of its Ascend at Chandler Airport Center building, located at the northwest corner of South Cooper and East Germann roads in Chandler. The 81,712-square-foot flex/office building is expandable to 162,000 square-feet with addition of a second level. The building is located within the Chandler Airport Center, a multi-building corporate business park… Read More →

Bell Road mixed-use project announces retail tenants

Bell Road
by in AZRE Magazine | Construction | Mixed-Use

Evergreen Development is ramping up construction at its 31-acre Trellis on Bell community at 12th Street and Bell Road in north Phoenix. The Phoenix-based developer is beginning construction on the community’s residential apartments, while new restaurant and retail tenants Café Rio, Blaze Pizza and Arizona Hair Company have signed leases to help anchor the 12,171-square-foot shops… Read More →

Gilbert land will be developed into senior living facility

downtown Gilbert AZ
by in AZRE Magazine | Medical

Cushman & Wakefield announced that Kaplan Cheng Investment Group, LLC purchased ±3.81 acres at Lindsay and Williams Field Roads in Gilbert, Ariz. for $1.3 million. The developer plans to develop a ±79,869 square-foot two-story senior living facility with 92 beds, including 36 memory care units. Cushman & Wakefield Vice Presidents Will French and Brian Rosella… Read More →

ORION closes Foothills Park Plaza for $3.125M

Foothills Park Plaza
by in AZRE Magazine | Brokerage | Retail

A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best master-planned communities, is returning to its former glory after its $3.125 million sale. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee Foothills master-planned… Read More →

Gilbert Retail center on Warner Road sells

Gilbert
by in AZRE Magazine | Retail

Meridian Capital Group, a debt brokerage firm, negotiated $14.3 million in financing for the acquisition and repositioning of Val Vista Towne Center, a shopping center located in Gilbert, on behalf of Southern California-based CIRE Equity. The five-year loan, provided by a mortgage REIT, features a future funding component for a value-add renovation, full-term interest-only payments during the… Read More →