AZRE Magazine Archives

Big Deals: Retail/Sales, July-August 2015

El Pedregal, Scottsdale
Photo by Robin Sendele, Az Big Media

It’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar. 1. El Pedregal, Scottsdale 62,310… Read More →

OSHA heat reminder for Phoenix

121628839
August 4, 2015 by in AZRE Magazine | Construction

With sweltering temperatures impacting Phoenix today, the Occupational Safety and Health Administration is reminding employers to protect their workers from heat illness. OSHA’s FREE Heat Safety Tool App can calculate the heat index for a worksite, and displays a risk level to outdoor workers. With a simple click, users can get reminders about protective measures that should… Read More →

C & W | PICOR end of July transactions

123rf.com: feverpitched
August 3, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

SALE M.A.O.R.I., LLC purchased a 12,000 square foot industrial building at 2030 N. Forbes Blvd. in Tucson from Alamos Ventures, LLC for $1,080,000.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Nicolas Chavira with Rein & Grossoehme Commercial Real Estate, represented the buyer in this transaction. TTJB Properties,… Read More →

Big Deals: Multi-Family/Sales, July-August 2015

Monroe Tribute Awards Winner

It’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar. 1. 44 Monroe, Phoenix 249,504… Read More →

50-acre development site in Avondale sold for $2M

avondale

DTZ has announced the sale of ±50.1 acres on the southwest corner of Interstate 10 and 119th Avenue in Avondale to Avondale I-10, LLP, which purchased the land for $2 million ($0.91 PSF) from Salt Lake City investment firm FNBN Spectrum, LLC (dba Sorenson Group Management). DTZ Vice Presidents Brian Rosella and Will French represented… Read More →

Work underway on first phase of Skyline Regional Park

Skyline Regional Park
August 3, 2015 by in AZRE Magazine | Construction | New to Market

Skanska has started work on phase one of the 8,675-acre Skyline Regional Park in Buckeye. The $3.95 million project for the City of Buckeye includes roadway construction, park features including entry gate house, entry gate monument and gates, ramadas, rest rooms and a pedestrian/equestrian bridge across the Skyline Wash. The work consists of subgrade preparation,… Read More →

Cimarron Industrial signs $6.4M permanent loan in Scottsdale

cimarron

Churchill Commercial Capital, Inc. (Tom Ryan, Vice President) has arranged a $6.4 million loan for Cimarron Industrial Partners, LLC, on a 94,800 square foot multi-tenant industrial property consisting of five buildings within the Scottsdale Airpark. The property was 98% leased at the time of closing. This unique transaction was placed with one of our many… Read More →

New Porsche dealership breaks ground in Chandler

Porsche

Porsche Chandler announced the groundbreaking of its new Porsche dealership, located at 1010 S. Gilbert Rd. in Chandler. The ceremony was presided over by Richard Cvijanovich, the dealership’s Owner & Operator, and attended by over 100+ participants, including Porsche Cars North America executives, City of Chandler dignitaries, and Arizona Porsche Club members and owners. Only the… Read More →

LGE Design Build completes 63,000 SF Papago Tech

Papago Tech

LGE Design Build has completed construction on Papago Tech, a 63,000-square-foot research, development and manufacturing shell building near Phoenix Sky Harbor International Airport and Arizona State University. Papago Tech, 500 S. 48th Street in Phoenix, is located on 48th Street and Washington. The building has 24-foot clear height ceilings, ample power and freeway visibility. Silagi… Read More →

REDW will host Tribal Finance Conference in Scottsdale

Talking Stick Resort’s hotel tower.

REDW LLC, one of the Southwest’s 10 largest and most respected certified public accounting and business consulting firms and nationally recognized for its service to Tribes, announced it will host The 2015 Tribal Finance and Leadership Conference at Talking Stick Resort in Scottsdale, Arizona on November 12th and 13th. The annual event, now in its 6th consecutive year,… Read More →

Phoenix corporate headquarters sell for $5.9M

deal

Colliers International in Greater Phoenix recently completed the sale of a 63,400-square-foot state-of-the-art office, showroom and warehouse building for $5.9 million, or $93.05 a square foot. The Phoenix flex industrial building currently houses Facilitec Inc. which provides interior office products, design and project management. King Ranch Properties II, LLLP of Phoenix traded the asset, 4501… Read More →

DTZ completes sale of Tharco Freeport Distribution Center

Tharco

DTZ, a global leader in commercial real estate services, announced that Bixby Land Company purchased Tharco Freeport Distribution Center, 640 S. 51st Ave. in Phoenix’s Southwest submarket. Pacifica Real Estate Group sold the 108,287 square foot institutional quality industrial distribution center for $8.1 million. The building is fully leased to Tharco, one of the largest… Read More →

Arrowhead Towne Center to undergo construction in August

Arrowhead Towne Center

Construction of a new transit center at Arrowhead Towne Center in north Glendale is scheduled to begin Aug. 3. The facility, which is scheduled to open in early November, will include new passenger amenities, including shaded bus shelters, free wi-fi, electrical outlets for phone chargers, bus pullouts and landscaping. The current location has no dedicated… Read More →

DTZ sells Camelback office complex for $11.8 Million

Deal, WEB

DTZ, a global leader in commercial real estate services, has announced that Camelback 2929 Owner, LLC, a company formed by Beverly Hills, CA-based Andell Inc., sold 2929 Camelback for $11.8 million. The buyer was West Valley Properties, Inc. of Los Altos, CA. This was the first Arizona purchase for the privately held investor. 2929 Camelback is… Read More →