Brokerage Archives

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, a global leader in commercial real estate services, has announced the sale of ±50.1 acres on the southwest corner of Interstate 10 and 119th Avenue in Avondale, AZ, 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).… 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 →

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 →

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 →

Big Deals: Land/Sales, July-August 2015

phoenix

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. Paradise Ridge, Phoenix 49.6… Read More →

ABI sells prestigious Morningside Apartment Homes for $28M

Morningside Apartments Pic 1

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, has announced the $28,000,000 / $175,000 Per Unit sale of the 160-unit, Morningside Apartment Homes in Scottsdale, AZ. Morningside, originally built in 1989, features spacious 1, 2 and 3-bedroom units with a weighted average size of approximately 1,019 square feet and full size washer/dryer in… Read More →

ViaWest buys Biltmore Financial Center for $163M

Biltmore Financial Center, Courtesy of CBRE

ViaWest Group recently purchased the Biltmore Financial Center, three Class A office buildings totaling approximately 635,000 square feet at the northwest corner of 24th Street and Camelback in Phoenix, for $163.1 million (or $257 per square foot). The transaction is the largest multi-tenant office sale in the Phoenix area since 2007 and third largest sale… Read More →

Hines completes 60,000 SF lease for Jones, Skelton & Hochuli

Renaissance Square-MAIN

Hines, the international real estate firm, recently completed a 60,000-square-foot long-term lease for Jones, Skelton & Hochuli at its downtown Renaissance Square. The Phoenix-based firm with 80 attorneys and 125 support staff will be relocating from mid-town Phoenix to the new downtown Phoenix location. The law firm specializes in trial practice, insurance law, personal injury… Read More →

Big Deals: Office/Sales, July-August 2015

AMEX Campus, Phoenix

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. AMEX Campus, Phoenix 513,361… Read More →

Colliers completes $6M sale of triple net retail center

Arrowhead Lakes Marketplace

Colliers International in Greater Phoenix recently completed the sale of Arrowhead Lakes Marketplace, a 22,280-square-foot, grocery-anchored retail center for $6 million ($269.30 per square foot). DCL Investments, LLC of Marreno, La., purchased the property, located at 20329 North 59th Avenue in Glendale, from AHR, LLC of Scottsdale. Steve Gonzalez, senior vice president; Marcus Muirhead, vice… Read More →

Big Deals: Industrial/Sales, July–August 2015

JLL_WhiteStar_4x6

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. White Star Portfolio, Phoenix… Read More →