AZRE Magazine Archives

Westlake Reed Leskosky promotes well deserved staff

April 25, 2015 by in AZRE Magazine | Blogs | Newsmakers

In its 111th year of operation, Westlake Reed Leskosky continues its tradition of design and technical excellence led by its talented and dedicated staff.  In recognition of outstanding performance and contributions that enhance the firm’s fully integrated services and thought leadership, Westlake Reed Leskosky promoted the following individuals: Shawn P. Carr, PE to Principal, Director… Read More →

Irgens opens Portico Place II in Chandler

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Irgens officially opened Portico Place II, a 48,173 sf, two-story, Class A multi-tenant office building located at 2195 West Chandler Boulevard in Chandler, Arizona. Designed and developed to meet the growing demand for contemporary office space in the Southeast Valley, Portico Place II is the first speculative, multi-tenant office building of similar size developed in… Read More →

Clear Sky Capital purchases Gilbert

The Vintage

DTZ announced today that Clear Sky Vintage, LP (Clear Sky Capital, Marcus Kurschat – principal) purchased The Vintage, a 106-unit apartment community at 1303 West Juniper Avenue in Gilbert, AZ, for $14.25 million ($134,434 per unit). The seller was Vintage Gilbert, LLC (Matt and Sam Blank, Darryl Berger, Rustin Randal – principals). DTZ Executive Managing… Read More →

Denyse Airheart joins City of Maricopa executive team

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April 24, 2015 by in AZRE Magazine | Newsmakers

Denyse Airheart has been named Interim Director of Economic Development for the City of Maricopa. In this role Denyse is responsible for attracting new industry, business, and investments to the City of Maricopa and coordinating economic development activities with other City divisions, departments, and the community. “I am pleased to have Denyse Airheart join our… Read More →

Helix acquires new Sonoran Corporate Center

Sonoran Corporate Center Building 5
April 24, 2015 by in AZRE Magazine | Brokerage

Helix, an Arizona-based commercial real estate Investment, Development, Brokerage and Management Company, recently acquired another Scottsdale commercial property, Sonoran Corporate Center Building 5, for $3.93 million. Located at Princess and Hartford Drive, in Scottsdale, Sonoran Corporate Center includes a 21,064 square foot building. Helix will be converting much of the building to medical and corporate… Read More →

Black Rock RV Resort sells for nearly $4M

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The sale of the Black Rock RV Village located at 46751 E. Highway 60 in Brenda, AZ (near Quartzsite) sold April 2, 2015 for $3,925,000 to a California private investment firm.  John Grant and John Sheedy with Park Brokerage Inc. represented the buyer and the seller on the transaction. Black Rock is a winter, snowbird RV… Read More →

West Valley preps for commercial development

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Zone your acres, West Valley. The cranes are coming. About one year ago, appliance manufacturer Sub Zero bought an 11.5-acre land parcel at Palm Valley 303 (PV 303)​, the master-planned business park which sits at the confluence of Interstate 10 and Loop 303 in Goodyear, Ariz., from Sunbelt Holdings. It was the second tenant to… Read More →

Crown on 7th adds eateries and retail

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The former Crown Imports building on 7th St., between Missouri and Bethany Home in Central Phoenix, is getting a major facelift. Dan Noma, Jr., principal of Venture REI, has joined real estate development veterans Buzz Gosnell and Niels Kreipke in investing $6 million to redevelop the mixed-use project. The project will be renamed Crown on 7th and… Read More →

State Farm building sells for more than $22.9M

Four Gateway

CBRE has recently completed the sale of Gateway Four, a 137,069-square-foot, single-tenant office building, located at 444 N. 44th Street in Phoenix. The property is fully leased to State Farm Insurance and commanded a sale price of more than $22.9 million. Tom Adelson and Jim Fijan with CBRE’s Phoenix office negotiated the sale. The buyer… Read More →

Big Deals: Multi-family/Sales, March 2015-April 2015

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April 22, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

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… Read More →

Kristie Jones appointed new role at GPE Management

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April 22, 2015 by in AZRE Magazine | Newsmakers

GPE Management Services announced the appointment of Kristie Jones as designated broker. In this new role and as director of operations, she will ensure GPE runs smoothly and is compliant with all real estate regulations.  In addition to being involved in company decisions and strategic planning, Kristie establishes and monitors corporate as well as property… Read More →

Justice for All: Construction in Indian Country

SRPMIC Justice Center, Courtesy of Gould Evans

There are 22 casinos in Arizona. One planned casino currently under construction on the Tohono O’odham Nation will cost $600M, bring in $100M in economic impact during the construction process and about $300M once it’s fully functional, according to reports by Indian Country Today. Income from tribal businesses, including casinos, is the only non-federal funding… Read More →

Verrado District Core sells for more than $13M

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April 22, 2015 by in AZRE Magazine | Featured | In The Spotlight

CBRE has completed the sale of the Verrado Main Street located in the master planned community of Verrado in Buckeye, Ariz. The investment sale consisted of the ±66,085-square-foot, mixed-use office and retail commercial core and an additional 6.88 acres of land. The assets commanded a sale price of more than $13.02 million. Barry Gabel and… Read More →

Ideation Design Group awarded work on Sheraton Mesa Hotel

Sheraton Mesa Lobby Rendering
April 21, 2015 by in After Hours | AZRE Magazine

The Arizona-based resort development firm Power Hotel Group, working with Starwood Hotels, selected Phoenix-based Ideation Design Group (IDG) to design the Valley’s newest Sheraton project. The four-story 160,000+ square foot hotel is nestled between the new Chicago Cubs’ spring training facility and Riverview Park in Mesa, Arizona, near Rio Salado Parkway and Dobson Road. The… Read More →