AZRE Magazine Archives

Plans for 9.2M acres in Arizona

December 27, 2014 by in AZRE Magazine | Blogs | Featured

Arizona State Land Commissioner Vanessa Hickman manages the leasing, sale and highest use of roughly 9.2 million acres of Arizona State Trust land, a huge portion of which is meant for K-12 education. As the president of the Western States Land Commissioners Association, to which Phoenix is the winter conference host Jan. 4 through 8… Read More →

Healthcare brings real estate to Arizona

Phoenix Children's Hospital
December 26, 2014 by in AZRE Magazine | Featured | Real Estate

Healthcare in America is changing and bringing real estate with it. Healthcare networks are growing their market shares, and healthcare mergers and acquisitions have been on the rise in the first half of 2014, according to an August report by Berkery Noyes. Deal volume increased during that time by 18 percent, to the tune of… Read More →

Decoding energy standards for CRE

Energy Efficiency
December 24, 2014 by in AZRE Magazine | Construction

  Last year, SB 1133 (striker amendment of SB 1227) was introduced to restrict the ability of cities to update energy codes and standards. It would have prohibited cities from adopting current energy codes, setting cities back three to four years while allowing new buildings to be constructed under outdated codes. The bill was shortsighted… Read More →

Premier Business Centers inks 1st Arizona lease

Camelback Commons, CushWake, WEB
December 23, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cushman & Wakefield of Arizona, Inc. has negotiated a lease on behalf of Premier Business Centers for its first opening of executive office suites in Arizona, located at Camelback Commons, 4742 N. 24th St. The company, which is headquartered in Irvine, Calif., has signed a 10-year lease for 13,516 square feet on the third floor… Read More →

Kent Circle purchases 38 acres in Surprise

Peoria & Reems in Surprise
December 23, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Kent Circle Investments, LLC (Scott Seldin, manager) has purchased a 38 acre parcel on the northwest corner of Peoria Avenue and Reems Road in Surprise, Ariz. The commercial property is located in Surprise’s Greer Ranch and is 1.5 miles from loop 303. “This land is in the path of growth and one mile from our… Read More →

Cove on 44th sells for $8M

Cove on 44th
December 23, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of Cove on 44th, a 256-unit class-B apartment complex, for $7.78 million, or $30,390 per unit. Cove Phoenix LLC of Phoenix purchased the property, located at 4030 N. 44th Avenue, from Cove at 44th LLC of Los Angeles. Bill Hahn, Jeffrey Sherman and Trevor Koskovich, senior… Read More →

Big Deals: Aug. 1 to Sept. 31, 2014

Big Deals
December 23, 2014 by in AZRE Magazine | Brokerage | Featured | Real Estate

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, 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… Read More →

AZRE now accepting 2015 RED Award nominations

December 23, 2014 by in AZRE Magazine | Events | Featured

AZRE magazine is dedicated to bringing the stories about innovative and outstanding real estate development to its readers in each issue. Every February, AZRE shines a special spotlight on the industry through its annual Real Estate Development (RED) Awards. Arizona’s commercial real estate industry is a tremendous economic engine for the state and is making… Read More →

Nick Jensen joins Polsinelli

December 23, 2014 by in AZRE Magazine | Newsmakers

Nick Jensen has joined the national law firm Polsinelli in its Phoenix office as an associate.  A real estate attorney and certified public accountant with an LL.M in taxation, Nick will be assisting clients with real estate and finance transactions including commercial real estate acquisitions and dispositions, real estate construction and development, joint ventures, syndication,… Read More →

AZ Partsmaster sells, buys two buildings in Phoniex Metro

Partsmaster photo, Colliers, WEB
December 23, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed two building sales with a combined total of $6.73 million for AZ Partsmaster, a supplier of home and property maintenance supplies. AZ Partsmaster of Phoenix purchased a design build facility at 7125 W. Sherman St. in Phoenix for $4.9 million from Sun State Builders of Tempe. This transaction… Read More →

Park Brokerage reports mobile park transactions

Homestead Mobile Ranch, courtesy Park Brokerage
December 22, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Buena Vista Properties LLC, an investment firm based in Surprise, acquired Putters Paradise RV Park in Snowflake, Ariz., on Nov. 14, 2014 for $975,000 from a private owner.  Both the buyer and seller were represented John Sheedy at Park Brokerage Inc. The all-ages park contains 88 RV spaces with fourteen park model tenancies, 8 permanent trailers, and a two story clubhouse and… Read More →

San Travesia apartments open near SkySong

Mark Boisclair Photography, Inc.

At the center of the McDowell corridor revitalization is the newest high-end rental community in south Scottsdale, San Travesia. San Travesia – adapted from the Spanish word “Travesia” meaning “crossroads” – offers all the advantages of Mark-Taylor’s “Next Generation” living in the largest low-density luxury apartment community in the area. “We’re so proud of this… Read More →

Green Valley, CORE Institute sign agreement

December 22, 2014 by in AZRE Magazine | Blogs | Featured

Green Valley Hospital and The CORE Institute, announced it signed an orthopedic service line co-management agreement. Under the agreement, The CORE Institute will provide orthopedic physician call coverage and service line management services at Green Valley Hospital. Green Valley Hospital is a new, 50-bed, full-service general acute care hospital located south of Tucson in Green… Read More →

Manufacturing facility begins conversion into Millennial-focused office space

Courtesy of Gensler

Construction and conversion has begun for The Circuit Tempe, a 190KSF high density class-A office project at 615 S. River Dr. Formerly an industrial manufacturing facility for Jabil Circuit, the sizable building has been dramatically re-designed to serve as the Valley’s first speculative large-scale, millennial focused office property.  Situated on the Loop 101 and University… Read More →