Brokerage Archives

Housing demand fuels land sales in Greater Phoenix

by in AZRE Magazine | Brokerage

The pace of land sales in Greater Phoenix has picked up during the first half of 2017, fueled by demand for housing and strong fundamentals in the commercial development industry.  This is according to a mid-year report produced by Colliers International in Greater Phoenix.  You can read the entire report by clicking Here. The Greater… Read More →

CBRE announces 6 new tenants for The Quad

by in AZRE Magazine | Brokerage | Office

CBRE announces six new leases have been inked at The Quad, a 14-building creative office project encompassing 166,606 square feet at the center of south Scottsdale. The Class A property, which boasts open and collaboration-friendly floor plans, outdoor workspace and myriad amenities, such as tenant amenity space and conference center, a fitness center, dog parks,… Read More →

Institutional Property Advisors closes $41.4M in multifamily deals

by in AZRE Magazine | Brokerage | Multi-Family

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed $41.4 million in deals recently.  Value-Add Multi-Housing Asset Sold by IPA in Phoenix IPA announced the sale of Sonoma Villas, a 265-unit multifamily asset in Mesa, Arizona. The $22.4 million sales price equates to $84,528 per unit. “Constructed in 1980, Sonoma Villas provides new… Read More →

People to Know: Alexandra Loye, Avison Young

by in AZRE Magazine | Brokerage

Having been born at sea while her parents were in the midst of a sailing expedition around the world, Alexandra Loye has lived a unique life. Since childhood, the Avison Young principal has been finding adventure in the most unexpected places. After graduating from Arizona State University with a bachelor’s in business real estate, Loye… Read More →

Texas-based Varsity Tavern joins Mill Avenue lineup

by in AZRE Magazine | Brokerage | Retail

NAI Horizon negotiated a long-term lease for Texas-based Varsity Tavern at 501 S. Mill Ave., in Tempe. The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Ipsum Creative LLC of Tempe, in the transaction totaling $2.641 million. Varsity Tavern will occupy… Read More →

Daum negotiates lease for Switzerland-based Bossard Group

by in AZRE Magazine | Brokerage

Daum Commercial Real Estate Services has negotiated the lease for 40,506 square feet of office and industrial space to Switzerland-based Bossard Group in Desert Gateway, located at 909 W. Pinnacle Peak Rd. in Phoenix. Chris Rogers, Trevor McKendry and Carl Johnson of Daum Phoenix, represented the development team of Griffin Opportunities, Adam Norvell and Walter… Read More →

Camelback Corridor Shopping Center sold

by in AZRE Magazine | Brokerage

Cushman & Wakefield completed the sale of Camelback Center, a CVS/Pharmacy anchored, neighborhood shopping center located on the northeast corner of Camelback Road and 16th Street in Phoenix, on behalf of an undisclosed seller. Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller. Perry Investment Trust purchased the property for an undisclosed… Read More →

HFF closes sale of High Street in North Phoenix

by in AZRE Magazine | Brokerage

Holliday Fenoglio Fowler, L.P. (HFF) announced today that the sale of High Street, a 628,000-square-foot, high-profile mixed-use project containing 99 multi-housing units; 174,705 square feet of retail, dining and entertainment options and 330,369 square feet of office space in Phoenix, Arizona, has closed. HFF marketed the property on behalf of the seller, City North Associates,… Read More →

3.88 acres at The Watermark | Tempe sell for $14.7M

by in AZRE Magazine | Brokerage

Fenix Development and Cushman & Wakefield announced today that 3.88 acres at The Watermark | Tempe sold to Dallas-based Trinsic Residential Group for $14.7 million. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the seller, Los Angeles-based Fenix Development in the transaction. Aura at Watermark, the high-rise apartment tower… Read More →

CBRE will market and sell Containers on Grand

by in AZRE Magazine | Brokerage | Multi-Family

CBRE announces the firm has been selected as the exclusive agent to market and sell Containers on Grand, a sustainable apartment community made of repurposed shipping containers. The downtown Phoenix project was the first shipping container community in the Western U.S. and is the only shipping container community in the country on the market. Located… Read More →

Cost/utilization modeling: A tool for improving your bottom line

Arizona Green Jobs Increase

For many companies, real estate constitutes a large portion of the company’s assets, liabilities, expenses or perhaps all three. Additionally, whether through organic growth, piece-meal acquisitions, or simply an intense focus on the company’s core business, the company may find itself with a hodge-podge collection of real estate holdings that has little financial, functional or… Read More →

Lee & Associates sells DeMuro Corporate Square for $10.2M

by in AZRE Magazine | Brokerage

DeMuro Corporate Square, a 7-building business park totaling 88,837 SF at 1505-1575 W. University Dr., Tempe, has sold to a California investment entity for $10,200,000. Occupancy was reported to be 92 percent. The transaction closed on June 30. Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead, and Greg Guglielmino represented the seller, University Corporate… Read More →

West 101 Business Center sells for $18.2 million

by in AZRE Magazine | Brokerage

ViaWest Group and Cushman & Wakefield announced today the sale of West 101 Business Center, located at 1830-1850 N. 95th Avenue in Phoenix. Humphreys Fund I, LLC of Oklahoma City, Oklahoma purchased the property for $18,275,000. Steve Lindley, Bob Buckley, Tracy Cartledge and Ben Geelan of Cushman & Wakefield represented the seller, ViaWest Group of… Read More →

JLL completes $39 million sale of I-10 industrial portfolio

by in AZRE Magazine | Brokerage

JLL Capital Markets today announced the firm completed the sale of the I-10 Distribution Portfolio in Phoenix on behalf of DCT Industrial. Colony Northstar purchased the portfolio, which consists of two institutional grade warehouses totaling 558,465 square feet, for $39 million. JLL Managing Directors Bo Mills and Mark Detmer and Vice president Ryan Sitov led… Read More →