Investment Archives

Is 16th Street the newest commercial real estate hub?

by in AZRE Magazine | Construction | Investment

We are halfway through the year 2017 and the Phoenix downtown and central corridor market continues to show an influx of commercial real estate property growth.  Is 16th Street the new hub for commercial real estate development? Let’s take a moment to highlight what we do know.  The retailer, Target Corp. have a number of stores… Read More →

Industrial leads CRE investment sales in Phoenix, Colliers says

Phoenix Warehouse
by in AZRE Magazine | Investment

Sales of commercial properties in Greater Phoenix slowed down during first quarter of 2017, according to a report released by Colliers International.  Industrial activity ticked higher as other categories decreased in sales velocity. To access the full Colliers report, click HERE. In most cases, prices of commercial properties declined slightly during the first quarter.  This… Read More →

New pair of self-storage facilities receive $13M in construction financing

Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced today that it has arranged $13 million construction financing with a regional bank to develop two self-storage properties in the Greater Phoenix. Both properties are multi-level and 100 percent air-conditioned. Kevin Sellers, director of capital markets in the Cohen… Read More →

Hexagon Mining selects Downtown Tucson for headquarters

Today, Hexagon Mining, an information technology provider of planning, operations and safety solutions for the mining industry, announced the relocation and expansion of its North American headquarters in Tucson to Downtown Tucson. Hexagon Mining selected City Park at 40 E. Congress Street in Tucson as its new North American headquarters. The company will lease 26,000 square feet on the… Read More →

Corporate Center returns to market for resale with full occupancy

Cohen Equities acquired Corporate Center in January of 2016 with 50-percent vacancy and has brought the property to full occupancy in under a year. Now it plans to resell the asset. The national real estate investment firm pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. After bringing the… Read More →

No bites at 4th Annual ULI Arizona Shark Tank

The 4th Annual Shark Tank presented by ULI Arizona mirrored some of the trends that we’re seeing in Valley commercial real estate: affordable, ground-up multifamily; converting single-family homes into residential assisted-living; and repurposing and preserving a building that’s been part of the local economy since the 1940s. A rapt audience of more than 200 was… Read More →

Retail pads are hot in Phoenix

by in AZRE Magazine | Investment | Retail

It is not only the weather that is hot in Phoenix. Shopping center outparcels, also known as “pads” are sizzling hot. Presently there are nearly 200 outparcel properties under construction or proposed in the Phoenix metro area, according to CoStar, a leading commercial real estate information source. These proposed projects range in size from 2,500… Read More →

Renowned BBGM joins forces with MONOGRAM

BBGM, an internationally distinguished architecture and interior design firm based in Washington D.C., announced a merger with West Coast luxury hospitality interior design firm MONOGRAM. With the joining of these two industry leaders, BBGM further positions itself at the forefront of international high-end design, while maintaining their signature client-focused approach. Since 1987, BBGM has made… Read More →

Sundt Foundation awards $69,500 to local nonprofits

Sundt Construction, Inc.‘s Phoenix employees have selected 19 local nonprofit organizations to receive Sundt Foundation grants totaling $69,500 for this quarter. The Sundt Foundation was established by Sundt in 1999 to give its employee-owners a means of giving back to their communities. It provides financial support to nonprofit organizations dedicated to improving the lives of disadvantaged children… Read More →

NAIOP Arizona’s Annual Roundtable

NAIOP, a Commercial Real Estate Development Association, announced its decision to add retail to its foundation of office and industrial sector resources. This, among other topics, made it onto the table at the 2015 roundtable discussion held by leading members of the Arizona chapter. NAIOP-AZ members gather every year around a table, not necessarily a round… Read More →

Massive expansion In Chandler’s Price Road Corridor

consumer behavior

If building 650,000 square feet that is one hundred percent leased in Chandler’s Price Road Corridor wasn’t enough, the Douglas Allred Company now wants to increase that amount nearly fourfold. To be known as Park Place II, Allred will soon be filing its application with the City of Chandler for up to two million square… Read More →

Why SRP and ASU continue to invest in Tempe

Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, Sept. 25. This month’s program will feature a discussion on why the Salt River Project and Arizona State University continue to invest in the city of Tempe. The panel will feature John Creer, Assistant Vice President for Real Estate Development at ASU;… Read More →

Kimpton to open boutique hotel at One | Hundred | Mill

Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (“DWC”) and Hensel Phelps Development LLC have signed a Hotel Operating Agreement with Kimpton Hotel & Restaurants to manage a new, luxury boutique hotel at One | Hundred | Mill in Tempe. The Hotel Operating Agreement between Hayden House Tempe, LLC and Kimpton Hotel… Read More →

Equus Capital Partners enters into joint venture with iStar

by in AZRE Magazine | Brokerage | In The Spotlight | Investment

CBRE announced it has arranged the joint venture between Equus Capital Partners, Ltd. (“Equus”) and iStar for the ownership of Raintree Corporate Center, a premier Class-A office complex located at 8800 and 8888 E. Raintree Drive in Scottsdale, Arizona. Bryan Taute with CBRE’s Phoenix office and Kevin Shannon and Brad Burton with CBRE’s El Segundo… Read More →