Brokerage Archives

JLL sells first Downtown Phoenix apartments of new cycle

Proxy 333 totals 69,335 square feet and 118 units at 333 E. McKinley St., between Third and Fourth Streets in Downtown Phoenix.
by in AZRE Magazine | Brokerage | Multi-Family | Newsmakers

The first urban apartment project to be constructed and traded in Downtown Phoenix’s post-recession real estate upswing has sold this week in a $21.8 million deal brokered by the Phoenix office of JLL. Named Proxy 333, the project totals 118 highly amenitized urban multifamily units located in the heart of downtown’s Evans-Churchill neighborhood. The Proxy 333… Read More →

Signs of life: medical office leasing gains momentum

medical office
by in AZRE Magazine | Brokerage | Newsmakers

Plaza Companies’ Brokerage Services Team secured six significant new leases as part of increasing momentum in the medical office real estate sector. The six leases exceed 39,000 square feet, ranging from 3,000 square feet to 12,131 square feet and boasting a total value of more than $4 million. Sharon Harper, president and CEO of Plaza Companies, says the six transactions were representative of an… Read More →

WFG National Title moves to Camelback Corridor

Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, where WFG National Title Insurance is opening its new offices. (Photo courtesy of JLL Phoenix)
by in AZRE Magazine | Brokerage

A prime location in the heart of the Camelback Corridor attracted WFG National Title Insurance Company (WFG) to a new lease at 2777 E. Camelback Rd. WFG will relocate from 1420 E. Missouri Ave. in Phoenix into 6,058 square feet on the ground floor at the 2777 building in November. It joins current building tenants… Read More →

People & Projects to Know: Brokers

People & Projects to Know
by in AZRE Magazine | Brokerage

Anthony Lydon Managing director JLL  Commercial real estate is a family business for Anthony Lydon, a 30-year veteran in the supply chain industry. Today, Lydon, who goes by Tony, works as the managing director at JLL. He is proud of his accomplishments, but says he is most proud to see his family follow in his footsteps.… Read More →

Garden-Style Apartments in Phoenix Sell for $21M

Maya Linda, a 360-unit apartment community, located at 8222 N. 19th Avenue in Phoenix was sold today for $21 million.
by in AZRE Magazine | Brokerage | Newsmakers

Cushman & Wakefield announced today the $21 million sale of Maya Linda, a 360-unit apartment community located at 8222 N. 19th Ave. in Phoenix, to Phoenix-based Pacific Real Estate Partners. Jim Crews and Brett Polachek from the Cushman & Wakefield Phoenix office represented the owner, MG Properties of San Diego, Calif. “This property received significant buyer interest due to its… Read More →

Mark-Taylor Companies elevates several executives

promotion

Scottsdale-based, Mark-Taylor Companies continues to promote several of its executives as part of an ongoing succession plan that positions the company as it oversees a growing portfolio of managed properties, and unveils new initiatives and developments under the well-known Mark-Taylor brand. John Carlson was most recently named president of Mark-Taylor Residential as after climbing the ranks of the company after… Read More →

Berkadia sells Phoenix multifamily property for $14.05M

123rf.com: Vadim Guzhva
by in AZRE Magazine | Brokerage

Berkadia negotiated the recent sale of a portfolio of three for rent multifamily properties located across Phoenix. The sale was facilitated by Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne and Associate Tom Wolff, based in the Phoenix office. The $14.05 million transaction was completed on August 19. The sellers were… Read More →

Desert Commercial Advisors announce August sales and lease transactions

Desert Commercial Advisors
by in AZRE Magazine | Brokerage

Desert Commercial Advisors continue to prove that retail and office are still thriving in today’s Arizona market. Directors of Retail Leasing and Investment Sales, Rommie Mojahed and Mary Nollenberger have focused on the economic development of Chandler and Surprise, Arizona. The team has been instrumental in lease transactions for the upscale entertainment center at Chandler Crossings… Read More →

JLL Phoenix starts Net Lease Investment sales practice

Are Your Investments Safe Or Risky?
by in AZRE Magazine | Brokerage

Investors looking to diversify their portfolios, hedge against risk and secure higher yield are turning toward the net lease sector. As an industrial hub and burgeoning retail powerhouse, the Southwest is offering investors a wealth of net lease opportunities. In response, JLL’s Capital Markets announced Peter Bauman and Tivon Moffitt have joined the firm as Senior… Read More →

Tucson shopping center along Wilmot Road sells for $47.3M

Tucson Shopping
by in AZRE Magazine | Brokerage

DSW Wilmot Plaza LP, an Arizona based investment group, acquired Wilmot Plaza shopping center. The group’s managing director Michael Sarabia along with partner James Hardman (DESCO Southwest) believe strongly in the fundamentals of the 139,000-square-foot multi-building “trophy” asset. Wilmot Plaza was purchased for $47.3 million from BP Wilmot Plaza, a Bourn Companies destination retail development.… Read More →

CBRE sells Arches at Hidden Creek Apartments for $55 million

CBRE
by in AZRE Magazine | Brokerage

CBRE‘s Phoenix offices completed the $55 million sale of Arches at Hidden Creek, a 432-unit multifamily community located at 1586 W. Maggio Way in Chandler, Ariz. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. The seller was a venture between Hamilton Zanze of San Francisco, CA and New… Read More →

Tire’s Warehouse leases first Arizona distribution center

Tire's Warehouse
by in AZRE Magazine | Brokerage | Industrial

The Phoenix office of JLL completed an 83,000-square-foot lease that establishes well-known tire distributor Tire’s Warehouse Inc. (TWI) in its first-ever Arizona location and its only distribution center outside of California. The new facility, which is located at 1502 E. Buckeye Rd. in Phoenix, brings TWI to seven distribution centers across the West, including one new… Read More →

NAI Horizon negotiates Avondale Rosati’s Pizza lease

NAI Horizon
by in AZRE Magazine | Brokerage | Public

NAI Horizon negotiated a long-term retail lease on behalf of the landlord, Alameda Venture LLC, for a Rosati’s Pizza at Alameda Crossing, 1729 E. Dysart Rd., Avondale, Ariz. The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega and Retail Specialist Patrick Anthon represented Alameda… Read More →

CBRE negotiates $40.4M sale of Four Gateway

Phoenix offices
by in AZRE Magazine | Brokerage | Office

VanTrust Real Estate, LLC sold a single-tenant office building, occupied by American retail and health care company CVS Health, for $40.4 million, or approximately $293 per square foot. The building, Four Gateway, is located at 444 N. 44th Street in Phoenix. The buyer is Crown Realty & Development. Jim Fijan and Will Mast of CBRE… Read More →