Brokerage Archives

North Loop 101 business center sells for more than $41M

N  Loop 101 Photo

CBRE has announced the sale of North Loop 101 Business Center in Phoenix. The class A, multi-tenant business park is comprised of four buildings: 950, 960 West Behrend Drive and 19810, 19820 North 7th Avenue. The property commanded a sale price of $41.75 million. Dan Calihan, Ashley Brooks, Pat Feeney and Rusty Kennedy with CBRE’s… Read More →

Lincoln Property signs 552,330 SF Phx industrial lease


Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley. The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren Street in Phoenix. It will use… Read More →

RedFlex signs 2 leases to relocate operations

Talavi Corp Center Side Exterior, AZ
October 2, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Redflex Traffic Systems has signed two leases to relocate its Phoenix office operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ. Senior Directors Blaine Black, Sam Murik and Don Rodie and Associate Robb Vallier with Cushman & Wakefield represented… Read More →

Colliers completes $13.25M sale of Biltmore property

The District at Biltmore
September 30, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed the $13.25 million sale of 150,000 square feet of buildings located on 4.4-acres of property in Phoenix. The property will be razed and a new upscale multifamily community constructed on the land. Kaplan Acquisitions LLC of Scottsdale purchased the property, located at 4602 N. 24th St. Colliers International… Read More →

CBRE completes three major multifamily sales

Shade at Desert Ridge Village

Copper Palms CBRE has completed the sale of Copper Palms apartments, a 206-unit apartment community located at 12810 N. Cave Creek Road in Phoenix. The property commanded a sale price of $13.9 million and was 95 percent occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office… Read More →

Project News: September/October 2015

The Row, Chandler

Rowing Away The Row, a retail and entertainment property destined to kickstart downtown Chandler’s culture hub, has been delayed. As of press time, The Row’s expected 2015 groundbreaking is being delayed due to City of Chandler and developer agreements that need to be finalized. An issue, as reported by the Arizona Republic, includes potential need… Read More →

Rosecrest Apartments in the heart of midtown sells for $929K


ORION announced that Rosecrest Apartments has sold for $929,000, or $61,933/unit. The property is well-located in the heart of Midtown on 3rd Avenue and Camelback Road. Situated on an approximate half-acre of land, Rosecrest Apartments is comprised of three block-constructed buildings totaling 15 units. The property is individually metered for electricity and was 100% occupied… Read More →

LevRose facilitates sale of iconic Arizona building

September 28, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, facilitated the sale of the Arizona School of Real Estate & Business building in Scottsdale for $7.7 million last week. Located at 7142 E. 1st Street in downtown Scottsdale, the 17,711 square-foot building is situated on 51,350 square feet of land and… Read More →

C & W | PICOR comes out with more recent transactions Vitaliy Vodolazskyy

SALE 18Teen Jak Properties, LLLP purchased Oakwood Terrace Apartments, a 57-unit apartment complex at 2740 N. Balboa Ave. in Tucson from Pinnacle Realty Investors, LLC for $915,000.  Allan Mendelsberg, Investment Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction. TDD Properties, Inc. purchased a 21,980 square foot office building at 3131 N. Country… Read More →

Ace Vending purchases $3.6M building in Gilbert

September 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield has announced that Ace Vending has purchased an industrial building at 335 S. Hamilton Court in Gilbert, AZ, for $3.6 million. Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield represented Ace Vending in the acquisition. Steve Larsen of Jones Lang LaSalle represented the seller, Arizona-based Bell Holdings… Read More →

C & W | PICOR September recent transactions


SALE Francisco J. Brito Herrera and Rosa Maria Ceballos Cazessus purchased an 8,106 square foot medical building at 2206-2208 N. Camino Principal in Tucson from Bank of Oklahoma, N.A. for $180,000. Tom Knox, SIOR, Office Specialist with Cushman & Wakefield | PICOR, represented the seller and Maria Zipf with Keller Williams of Southern Arizona, represented… Read More →

CorePower Yoga replaces old print shop on Mill Ave.

Mill Ave

ORION Investment Real Estate has announced the sale of a single-tenant retail building for $1,200,000, or $371.75/SF. The property is located in the heart of bustling Tempe on renowned Mill Avenue, just south of University Drive. The free-standing building is well-situated, located adjacent to Arizona State University’s Main Campus, and a short drive from the Phoenix… Read More →

Pure Barre leases two new locations in Phoenix

Photo courtesy of Pure Barre Facebook

SRS Real Estate has announced that Pure Barre, the largest and most established barre fitness concept in North America, has leased two new locations in the Phoenix area; a 1,935-square-foot space has been leased in Village Square at Dana Park at the intersection of Baseline Road and Val Vista Drive in Mesa, Ariz., and a… Read More →

Avesis signs lease for 55,000+ SF at Corporate Center

CorporateCenter (2)

Cushman & Wakefield has announced that locally based Crown West Realty has leased 55,501 square feet to Avesis Inc. for the new tenant’s corporate headquarters at Corporate Center, located at 10400 N. 25th Ave. Cushman & Wakefield Senior Directors Tim Whittemore and Mike Sayre represented Crown West Realty in the transaction. Todd Noel with Colliers represented Avesis. Corporate… Read More →