Brokerage Archives

Cushman & Wakefield negotiates sale of Tempe lakefront property

Tempe lakefront property
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the $25.13 million sale of The Nines Apartments, on behalf of owner FPA Multifamily, LLC of San Francisco. The buyer acquired the property with a $19.522 million dollar loan provided by Brandon Harrington and Matt Steffen of Walker & Dunlop in Phoenix. Located at 999 E. Baseline Rd. in Tempe, Ariz., the… Read More →

ORION closes Foothills Park Plaza for $3.125M

Foothills Park Plaza
by in AZRE Magazine | Brokerage | Retail

A once maligned, but well-located shopping center in the heart of one of Phoenix Metropolitan area’s best master-planned communities, is returning to its former glory after its $3.125 million sale. Foothills Park Plaza is located on the southwest corner of Chandler Boulevard and Desert Foothills Parkway in the affluent area of the Ahwatukee Foothills master-planned… Read More →

JLL promotes 5 to senior level positions

JLL
by in AZRE Magazine | Brokerage | Newsmakers

The Phoenix office of JLL has promoted five of its brokers to senior level positions. Brett Abramson, Keith Lammersen, Jason Moore and Charles Steele have been promoted from Vice President to Senior Vice President. Andrew Medley has been promoted from Vice President to Executive Vice President. “Each of these individuals brings a unique skill set… Read More →

Presson Corp buys Jackson Street industrial property

Presson Corp
by in AZRE Magazine | Brokerage | Industrial

Newmark Grubb Knight Frank (NGKF), announced the sale of Jackson Street Industrial by Tiernay Properties Inc., a 307,164 square-foot industrial property located on four city blocks in central Phoenix. Built in the 1920s, the property was originally home to the Arizona Compress and Warehouse Co. building. Located at 1245-1555 E. Jackson St., the warehouse was built… Read More →

CBRE completes sale of Stratford Plaza

Corporate and Commercial Photography  
by Mark Skalny 1-888-658-3686  
www.markskalny.com
#MSP1207
by in AZRE Magazine | Brokerage

CBRE has completed the sale Stratford Plaza located at 1219 E. Glendale Avenue in Phoenix. The ±20,400-sq.-ft. retail strip center was 84 percent occupied at time of sale and commanded a sale price of more than $2.27 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction. The seller was La Crescenta… Read More →

CBRE brings Troon North Golf Club to market

Troon North Golf Club
Overview, Pinnacle Course
Scottsdale, Arizona
by in AZRE Magazine | Brokerage

CBRE has been tapped to market the iconic Troon North Golf Club for sale in Scottsdale, Arizona. Designed by golf icons Tom Weiskopf and Jay Morrish, both courses at Troon North have been ranked by Golf Magazine as one of the “Top 100 Golf Courses You Can Play” and considered by many to be a… Read More →

IPA sells The Reserve at Arrowhead for $64.5M

Reserve at Arrowhead2

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of The Reserve at Arrowhead, a premier 472-unit multifamily asset in Phoenix. The $64.5 million sales price equates to more than $136,000 per unit. “Developed in two phases between 1998 and 1999… Read More →

Denny’s leased NNN Investment sold

NNN Investment
by in AZRE Magazine | Brokerage

ORION Investment Real Estate announced the sale of the single tenant, NNN Investment property leased to Denny’s for $1,933,000 ($339/SF) at a 6 percent cap rate. This ±5,695 square-foot freestanding building was built in 1974 and is undergoing renovations in 2016. The property is alongside the I-17 Black Canyon Freeway, with approximately 202,570 vehicles passing… Read More →

3 new tenants move into Stonecreek Pointe

Stonecreek Pointe
by in AZRE Magazine | Brokerage

Golf course-facing views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. On behalf of building owner HighBrook Investment Management/Cypress Office Properties, the Phoenix office of JLL has completed almost 30,000 square feet in new leases to Premier Business Centers, Vertical Measures and People’s Mortgage. The leases bring… Read More →

NAI Horizon negotiates lease in Peoria

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage

NAI Horizon’s Troy Giammarco and Nathan Pancrazi were instrumental in securing a new eight year lease of a 29,222 square-foot space for Huntington University’s Phoenix Campus for Digital Media Arts in the P83 Entertainment District. Huntington University came to Giammarco and Pancrazi in August 2015 needing help with their Economic Development Agreement (EDA) with the… Read More →

CBRE closes sale of Shops at Arrowhead Gateway

Arrowhead Gateway
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale of the Shops at Arrowhead Gateway located at 17560 and 17570 N. 75th Ave. in Glendale, Arizona. The ±35,684 square-foot shops on an outparcel of Arrowhead Towne Center Mall commanded a sale price of $10.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction on behalf of… Read More →

Stratford Plaza sells for $2.27M

Stratford Plaza
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale of Stratford Plaza located at 1219 E. Glendale Ave. in Phoenix. The ±20,400 square-foot retail strip center was 84 percent occupied at time of sale and commanded a sale price of more than $2.27 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction. The seller was La… Read More →

CBRE completes sale of Shops at Desert Ridge

CBRE
by in AZRE Magazine | Brokerage

CBRE completed the sale of the Shops at Desert Ridge Corporate Center located at 20910 N. Tatum Blvd. in Phoenix. The 17,953 square foot freestanding specialty retail building sold for $9.15 million. Barry Gabel, Chris Marchildon, Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, Regent Properties out of Los Angeles.… Read More →

P.B. Bell adds marketing director and project managers

123rf.com: Jakub Jirsak
by in AZRE Magazine | Brokerage

Real estate management firm, P.B. Bell, added a trio of industry professionals to its corporate team based in Scottsdale. Arian Ploszaj has joined P.B. Bell as marketing director, while Tim Donhauser and Trey Brandt have been named as new development project managers. Ploszaj brings more than 10 years of commercial marketing experience to P.B. Bell, a… Read More →