AZRE Magazine Archives

ABI Multifamily negotiates Biltmore Corridor sale

ABI Multifamily
by in AZRE Magazine | Brokerage | Multi-Family

Brokerage firm ABI Multifamily negotiated the $6,045,000 ($118,529/Unit) sale of the 18 at Biltmore Apartments, a 51-unit apartment community located in Phoenix, Arizona. 18 at Biltmore is a low density, one and two-story apartment community built from 1957 to 1962 of concrete construction and sits on approximately 3.5 acres of land. The property consists of… Read More →

AZRE Forum recap and Live Blog

AZRE Forum
by in AZRE Magazine

Last night, AZ Big Media hosted the AZRE Forum, where a packed crowd of commercial real estate pros listened in on a mid-year market update from some of the Valley’s premiere experts.   Photos by Shannon Finn and Mike Mertes About 300 people were in attendance and they heard a breakdown on the state of the… Read More →

NAI Horizon negotiates $3.3M investment property sale

NAI Horizon
by in AZRE Magazine | Brokerage

NAI Horizon Associate John Toben represented the buyer in the acquisition of the $3.33 million investment property sale of a newly constructed Kneaders Bakery and Café at 4126 E. Indian School Rd., in Phoenix. Toben represented Scottsdale-based LEP Properties, LLC, in the transaction. “The highly-desired Arcadia neighborhood is now home to a healthy option on… Read More →

Phoenix medical office space leasing faster than space is added

Healthcare Reform Impacting Healthcare Real Estate
by in AZRE Magazine | Medical

Colliers International in Greater Phoenix released its mid-year 2016 Medical Office Market Report for Greater Phoenix. Vacancy of Medical Office space in Greater Phoenix dropped in the second quarter to 16 percent, which is 180 basis points below mid-year 2015. Vacancy in both on-campus and off-campus locations has declined during second quarter. Net absorption of… Read More →

Spec Arrowhead Orchards medical office development is coming

Arrowhead orchards
by in AZRE Magazine | Medical

The Arrowhead Orchards medical office development is slated to see the first MOB spec project in the Valley since the recession. The property owner, Arrowhead Health Center, LLC, an entity affiliated with Legend Real Estate Management, Inc., will be developing more than 22,000 square feet of new product in the coming months. Los Angeles-based Legend… Read More →

Scottsdale shopping center gets facelift

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

Construction is starting up on a major renovation project for the shopping center known as Via Linda Crossroads in Scottsdale. The space located at 9015 E. Via Linda on the southeast corner of 90th Street and Via Linda was previously occupied by Ace Hardware. That space will be divided into two or three smaller suites and a… Read More →

SimonCRE to build Goodwill in Surprise

108696481
by in AZRE Magazine | Construction | Retail

Commercial real estate developer SimonCRE recently purchased 2.13 Acres of land on the southwest corner of Greenway Road and Cotton Lane to develop a 25,036-square-foot building for Goodwill. Goodwill will be joining Pet Club and CVS in the Sierra Montana Crossing Center across from Marketplace at Prasada. SimonCRE plans to break ground July 26th with… Read More →

LGE Design Build completes Class A Scottsdale offices

LGE Design Build
by in AZRE Magazine | Construction

LGE Design Build completed construction of the 3-story, 40,000-square-foot Bahia 101, the first new Class A office building constructed in the Scottsdale Airpark since 2009. Bahia 101 features 360-degree McDowell Mountain views, 14-foot clear heights and sliding doors on the second and third floors to allow fresh air in the suites. The building, on 2.5 acres,… Read More →

Walmart breaks ground at Metrocenter

Groundbreaking-Group
by in AZRE Magazine | Construction

Officials with Walmart, the City of Phoenix and Carlyle Development Group – along with area business leaders – were broke ground Wednesday for a new Walmart Supercenter. The project represents the single largest capital investment in Metrocenter Mall in decades. “Metrocenter Mall is a Phoenix icon that has served shoppers in this community for decades,”… Read More →

Topping-out completed at Arizona General Hospital

Arizona General Hospital
by in AZRE Magazine | Construction

Full-service commercial real estate firm PMRG announced the topping-out of Arizona General Hospital in southeast Mesa. California-based Dignity Health and Texas-based Adeptus Health formed a partnership last year to expand emergency medical care in the metro Phoenix market and selected PMRG as the developer. This came on the heels of PMRG’s successful completion of another acute care… Read More →

SimonCRE names Blake Curtis director

promotion
by in AZRE Magazine | Newsmakers

Commercial real estate developer SimonCRE recently named Blake Curtis as Director of Capital Markets and Dispositions. This new position is intended to strengthen the company’s ability to develop relationships with equity partners and financial institutions. Prior to joining SimonCRE, Curtis served as Senior Analyst at VEREIT, Inc. During his tenure at the firm, Curtis led… Read More →

Plaza Companies selected to build Peoria Innovation Campus

Plaza Companies

Plaza Companies is working to help the City of Peoria become a hub for innovation and technology.  Plaza Companies has been selected to build a 17-acre Peoria Innovation Campus in the city’s P83 Entertainment District, a property at 83rd Avenue south of Bell Road, adjacent to Loop 101 and the Peoria Sports Complex.  The Peoria City Council has approved an Exclusive Negotiating Agreement… Read More →

Valley Partnership explores master-planned communities

Eastmark
by in AZRE Magazine | Events

The Valley Partnership monthly breakfast for July 29 will host a panel that will discuss the evolution of master planned communities. Historically, master planned communities have played a significant role in Arizona real estate. However, in a post-recession world, what is the role of master planned communities in Arizona’s development landscape? The panel will feature… Read More →

The Weitz Company finishes 2 buildings at The Colonnade

The Weitz Company

The Weitz Company completed construction on two, four-story independent living villas for Sun Health’s The Colonnade senior living community, according a spokesperson, Tuesday. Buildings five and six within The Colonnade were recently finished. The two buildings include 36-units condo-style homes with high-end finishes along with a courtyard and more. The Colonnade is one type of… Read More →