Investment Archives

Corporate Center returns to market for resale with full occupancy

Corporate Center is a 2-story, Class-A office building located in the heart of the Metrocenter submarket, alongside Interstate 17. (Photo by Cohen Equities)

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

Moderator C. Joseph Blackbourn, president and CEO at Everest Holdings talks with the sharks before the first group of presenters take the stage.

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

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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

123rf.com: gajus

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

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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

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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

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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

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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

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Unmanned Aerial Systems (UAS) also known as drones have captured everyone’s attention. They have been spotted virtually everywhere in recent months. Amazon.com 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

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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

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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 →