Brokerage Archives

Daum negotiates sales in Phoenix and Scottsdale

Office building at 33765 N. Scottsdale Rd.
by in AZRE Magazine | Brokerage

Daum Commercial Real Estate Services has negotiated the $5.362 million sale-leaseback of a large medical practice group of west valley properties – the 19,679-square-foot medical office complex, Fountains Medical Center located at 5620 W. Thunderbird Road in Glendale and the 5,262-square-foot medical office center, Indian School Professional Plaza at 9150 W. Indian School Road in… Read More →

KBS REIT III renews lease at Anchor Centre

Anchor Centre
by in AZRE Magazine | Brokerage | Office

KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced the renewal of a 16,194-square-foot lease by Northwestern Mutual, a financial planning company, at Anchor Centre. The Class A, two-building office complex totals 333,014 square feet and is located in Phoenix’s Camelback Corridor. Northwester Mutual’s… Read More →

CBRE completes $42.65M sale of apartment communities

CBRE
by in AZRE Magazine | Brokerage | Multi-Family

CBRE finalized the sale of Highland Park and Park View, two multifamily communities totaling 472 units and located in Tempe. Together, the properties sold for $42.65 million. A joint venture sponsored by Scottsdale-based Everest Holdings purchased the communities from San Diego-based Stratford Partners. Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch negotiated the transaction with CBRE’s… Read More →

Coldwell Banker Commercial Advisors expands Phoenix offices

Coldwell Banker Commercial Advisors
by in AZRE Magazine | Brokerage

Coldwell Banker Commercial Advisors is expanding its brokerage services in the Phoenix area with real estate veterans Chuck Wells and Trask Switzenberg leading the charge. Coldwell Banker Commercial Advisors has been expanding its services across the country recently, said Lew Cramer, president and CEO of the brokerage services provider. “Growing a full-service brokerage operation in… Read More →

NAI Horizon completes sales, lease transactions

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

Commercial Real Estate firm NAI Horizon, announced $2.4 million worth of recent sales transactions, and 11 leases that were finalized. Sales transactions: Barbara Lloyd and Lane Neville negotiated the sale of a 3.86-acre parcel of land, representing the seller, Lindsay Square Care Center, LLC, for $1.3 million. The property is located at 940 E. Williams… Read More →

Corporate Center at Kierland sells for $24M

Corporate Center at Kierland
by in AZRE Magazine | Brokerage | Multi-Family

The Corporate Center at Kierland sold for $24,350,000 in a sale to Kierland Sky, LLC., according to an announcement by Commercial Properties Inc. Trent Rustan and Josh Gosnell from Commercial Properties Inc. represented the Scottsdale-based buyer, Kierland Sky, LLC in the purchase of the 107,860 square foot, Class A office building at 14635 North Kierland Boulevard in… Read More →

CBRE completes sale of Tamarron Apartments

Tamarron Apartments
by in AZRE Magazine | Brokerage | Multi-Family

CBRE completed the sale of the Tamarron apartments, a 328-unit multifamily community located at 4410 N. 99th Avenue in Phoenix, Arizona. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller. Joseph Dietz with Orion Investment Real Estate represented the buyer. “Tamarron is ideally… Read More →

Colliers International scores leasing rights for Biltmore Center

Biltmore Center

ViaWest Group selected Colliers International in Phoenix as the exclusive leasing agent for Biltmore Center, previously known as Biltmore Financial Center, a landmark Class-A office complex at the northwest corner of 24th Street and Camelback Road. “The new ownership of Biltmore Center has embraced the evolution of office tenancy and is activating an environment that… Read More →

Cushman & Wakefield sell Chandler apartments for $21.65M

Chandler Apartments
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the sale of Chandler apartments, which sold for $21.65 million. Park Tower Apartments, a 180-unit value-add multifamily investment at 1283 W. Parklane Blvd. in Chandler, was sold to Chicago-based 29th Street Capital. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented the seller, Scottsdale-based Clear Sky Park… Read More →

How brokers convinced a manufacturer to move to Phoenix

Kierland One, where Carlisle Companies will be headquartered by the end of the year
by in AZRE Magazine | Brokerage

It’s not often that an Arizona broker can convince a North Carolina manufacturer to relocate its corporate headquarters to Phoenix. But that’s exactly what happened when Tom Adelson, executive vice president at CBRE, represented Carlisle Companies, a Fortune 1000 business that makes products that range from commercial roofing to cookware to aerospace components and generates… Read More →

Deer Valley apartments sell for $33M

Deer Valley apartments
by in AZRE Magazine | Brokerage | Multi-Family

Colliers International in Greater Phoenix negotiated the sale of The Park at Deer Valley apartments at 17425 N. 19th Ave., in Phoenix, for $33 million or $75,688 per unit. Executive Vice Presidents Bill Hahn, Jeff Sherman and Trevor Koskovich with Colliers’ Phoenix office represented both the buyer and seller. The seller was Bruckal Properties, Inc.,… Read More →

Marcus & Millichap arrange $13.8M sale

Sale
by in AZRE Magazine | Brokerage | Multi-Family

The Phoenix offices of Marcus & Millichap (NYSE: MMI) arranged the sale of Redwood Place, an 186-unit multifamily community in Phoenix. The $13,805,000 sales price measures out to more than $74,000 per unit. “Built in 1984, Redwood Place has a collection of interior characteristics and contemporary amenities that are atypical of its era,” says Cliff David,… Read More →

Casa Grande Apartments Sell for $6.25M

Casa Grande
by in AZRE Magazine | Brokerage

Colliers International in Greater Phoenix completed the sale of the 132-unit Las Brisas Apartments at 1000 N. Arizola Rd. in Casa Grande, for $6.25 million or approximately $47,349 per unit. Bill Hahn, Jeff Sherman and Trevor Koskovich, executive vice presidents with Colliers’ Phoenix office, represented both the seller and buyer. The seller was Ronald Hansman… Read More →

Warren House apartments sell for $13.75M

Warren House
by in AZRE Magazine | Brokerage

Colliers International in Greater Phoenix negotiated the sale of two apartment assets in Phoenix for a combined total of $13.75 million. Warren House East at 2911 E. Indian School Road in Phoenix, consists of 258 units and sold for $10.75 million or $41,667 per unit. Warren House North at 6060 N. 7th Street in Phoenix,… Read More →