Investment Archives

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

The Grand at Papago Park Center

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

Kimpton_One Hundred Mill_Tempe_reduced

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

September 16, 2015 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 →

Drones prepare to take flight in retail facility management


Unmanned Aerial Systems (UAS) also known as drones have captured everyone’s attention. They have been spotted virtually everywhere in recent months. wants to use drones to deliver packages, realtors want to use them to shoot property photos and numerous other industries are considering drone applications. Even the Professional Retail Store Maintenance Association (PRSM), the authority on… Read More →

NAIOP retails it like it is

Arm and shopping bags_8949825_xl

NAIOP, a commerical real estate development group, has historically focused on industrial and office sectors. However, the national organization is extending its membership benefits to more obviously include retail developers and similar commercial professionals. “The organization really started shifting gears more than 10 years ago,” says Thomas Bisacquino, CEO of NAIOP. “It was in 2005… Read More →

The True Life Companies gives back to the City of Flagstaff

August 27, 2015 by in AZRE Magazine | Construction | Investment

The True Life Companies, the developers of Pine Canyon, a master-planned golf course community in Flagstaff, will be presenting the City of Flagstaff with a check for more than $922,000. The check presentation will take place during the city council meeting on Tuesday, August 25, which begins at 4 p.m. As part of the development agreement with the City of Flagstaff,… Read More →

AZCREW: CREW Network Pays it Forward

Two young woman working on a new creative design

A lot can happen in 15 minutes. Advice can be offered. New appointments saved. Minds can be changed. Coffee can be retrieved between meetings. For many executives, time is priceless. Time is how many members of AZCREW “pay it forward” these days, through mentorship programs and networking functions. However, AZCREW’s national parent, CREW Network, has… Read More →

ABA-AGC apprenticeship program to fill talent shortage

Photo by Mike Mertes, Az Big Media

The house, the cabin, the cars and the company. Dean Lundstrom lost it all when he declared bankruptcy in 2010. Twenty-six employees were out of work. His company had been awarded American Recovery and Reinvestment Act projects. At a point, though, Lundstrom says he knew it was too late to save his business. However, knowing… Read More →

Second quarter 2015 brokerage reports

National League of Cities Gathering

With the closing of the second quarter and first half of 2015, brokerages around the Valley provided their numbers and predictions for the last and next six months in various commercial sectors. Q2 OFFICE REPORTS Cushman & Wakefield CBRE C&W|PICOR Marcus & Millichap DTZ Colliers (Office) Colliers (Medical Office) JLL Q2 INDUSTRIAL REPORTS C&W|PICOR CBRE… Read More →

P.B. Bell celebrates anniversary of their largest acquisition

PB Bell

P.B. Bell, a leader in multi-family housing development and management, is marking the one-year anniversary of its biggest acquisition by celebrating improved occupancies stemming from the completion of major renovations within the seven-property portfolio. The acquisition, which closed in July of 2014, included nearly 2,800 apartment units in complexes throughout metropolitan Phoenix. The transaction represented… Read More →

Distribution building sells for $2.15M in investment transaction, Copyright: valeriylebedev
June 24, 2015 by in AZRE Magazine | Brokerage | Investment

A 25,570 SF industrial building at 1401 S. SIesta Lane in Tempe, sold for $2,150,000 or $84.08 per SF. Lee & Associates Broker Kurt Saulnier and Principal Ken McQueen worked both sides of the transaction. The seller was Dunbar Siesta of El Segundo, CA and the buyer was Adler Realty Investments of Woodland Hills, CA.… Read More →

Preliminary master development plan for ASU Athletics Facilities District released

ASUAFD Preliminary Master Plan - 6.16.15

Arizona State University (ASU) and Catellus Development Corporation, a nationally recognized master developer, are taking an important step toward creating a world-class urban community immediately adjacent to ASU’s Tempe Campus.  Following several months of due diligence and market analysis, Catellus worked in collaboration with ASU to develop a preliminary master development plan to transform the… Read More →

The great exchange: How 1031 exchanges affect local markets

The Offices at Reems in Surprise were recently exchanged through a 1031 deferral, handled by Colliers International's Rob Martensen.

With the talk of tax reform that would repeal or limit 1031 Exchanges, the global effect of changing like-kind deals is in the spotlight. Section 1031 Exchanges, or like-kind exchanges, are used in commercial real estate to allow investors to reinvest their profits into a new property through an exchange of a similarly valued property… Read More →