Brokerage Archives

RED Awards honor best in commercial real estate

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See photos from the event! Every February, AZRE magazine recognizes the best projects, leading brokerage teams and top companies in Arizona commercial real estate at the Real Estate Development (RED) Awards. On Thursday Feb. 26, at the Arizona Grand Resort & Spa, AZRE magazine presented the 10th annual RED Awards, including its first subcontractor, safety… Read More →

Church turns into retail development

February 27, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of a property located at 5601 E. Broadway Boulevard. The site, formerly home to the Christian Faith Fellowship church, has been slated for retail redevelopment. The property has commanded a sale price of $2.2 million. Nancy McClure and John Ash with CBRE’s Tucson office negotiated the transaction on behalf the… Read More →

Manufactured home community trades for $23.85M

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

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe, Ariz. The investment real estate asset sold for $23,850,000, which equates to $66,435 per space at a 6.25 percent… Read More →

Tablerock Apartments in Flagstaff sell for $14.35M

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

Cushman & Wakefield of Arizona, Inc. has negotiated the $14.35 million sale of Table Rock Apartments, located at 3400 S. Lake Mary Rd. The property, which was built in 1998, contains 100 apartment units in five buildings and was 98 percent occupied at the time of the sale. Virtu Investments of Venice, Calif., sold the… Read More →

Solar installation company buys industrial space in Chandler

February 25, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Newmark Grubb Knight Frank (NGKF) announced the sale of 3225 North Colorado Street in Chandler to Sun Valley Solar Solutions. The solar panel installation company purchased the 26,815-square-foot, free-standing industrial building and accompanying 3.3 acres from Washington Street Enterprises Arizona, L.L.C. for $2.7 million or $100.00/square foot. Sun Valley Solar Solutions was represented by NGKF’s… Read More →

Apollo Corporate Headquarters Sells for $183M

February 25, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has negotiated the sale of the Apollo Corporate Headquarters campus, a Class A, 599,664 square foot, three-building, single-tenant office campus located at 4025, 4035, and 4045 South Riverpoint Parkway in Phoenix for $183 million. In addition to negotiating the sale, CBRE also arranged acquisition financing of behalf of the buyer. CBRE’s Barry Gabel and… Read More →

McDowell Mountain Marketplace II sells for $1.37M

February 25, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Helix Properties, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently sold McDowell Marketplace II in Phoenix, Ariz. Located on the Southwest corner of 59th Avenue and McDowell Road in Phoenix, the 9,141 square foot consists of a fully leased retail center. Thomas A. McCarthy purchased the property for $1.375 million… Read More →

Isaac Figueroa joins C&W | PICOR

February 21, 2015 by in AZRE Magazine | Brokerage | Newsmakers

Cushman & Wakefield | PICOR announced that Isaac Figueroa has joined it Tucson commercial real estate brokerage team. Figueroa, a Tucson native, joins one of the region’s top producing Office & Medical Office teams, specializing in the leasing and sale of office and medical properties, representing landlords and tenants as well as buyers and sellers. Figueroa began… Read More →

Park 10 breaks ground with Main Event signing

Parkland Development, LLC (Tigard, OR) announced it will break ground in March on Park 10, a 43-acre, mixed-use project located on the northeast corner of I-10 and 107th Avenue in Avondale. The announcement corresponds to the signing of the project’s first anchor tenant, Main Event Entertainment, the fastest growing bowling-anchored entertainment center in America, whose… Read More →

Voit sells two multi-tenant retail centers

February 20, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Darren Tappen, SVP, and Matthew Ault, senior associate, in Voit Real Estate Services’ Phoenix office along with Peter Beauchamp, SVP, in Voit’s Irvine office have successfully directed the sale of two multi-tenant retail centers in the Gilbert submarket with a combined transaction value of $9,861,250. The 24,533 square-foot retail center known as Rodeo Park Plaza… Read More →

Dallas company buys Camelback Square

February 20, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Velocis, a private equity real estate fund, today announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale, Arizona. The asset was previously owned by Lincoln Property Company (LPC), along with a fund managed by Oaktree Capital Management, L.P. (Oaktree). The sale underscores the attractiveness of the project and… Read More →

Technology Center at Talavi sells for $6.25M

February 19, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix used its brokers’ connections to bring about the completion of the $6.25 million sale of the Technology Center at Talavi, a Class A multi-tenant and medical office building in Glendale. Phoenix Heart Realty LLC of Glendale purchased the property, located at 5859 West Talavi Boulevard, from Credit Union West of… Read More →

Spooner Physical Therapy leases two Phoenix office suites

Camelback Medical Plaza
February 19, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Spooner Physical Therapy. Spooner Camelback will be expanding and relocating to 5040 N. 15th Avenue, and Spooner Desert Ridge will be expanding and relocating to 20830 N. Tatum Blvd., in Phoenix, Arizona.  Scott Nelson… Read More →

Special Devices Inc. buys 20 acres for manufacturing facility

DTZ announced that Mesa-based Special Devices, Incorporated (SDI) purchased ±19.59-acres at Greenfield Road and Loop 202 for $5.5 million. The company purchased the land for a build-to-suit facility to meet its expansion needs for its air bag components division. DTZ Vice President Kent Hanson represented the seller, RD Greenfield, LLC, during the transaction. The buyers… Read More →