New to Market Archives

Michael Lewis Co. buys parcel in Goodyear Gateway South

Goodyear Gateway South, EJM Development

Goodyear Gateway South, the 221-acre industrial zoned park being developed by EJM Development Co. just north of the Phoenix Goodyear Airport, has announced its first user. Michael Lewis Co. (MLCo) has purchased a 30-acre parcel for development. The financial terms of the transaction were not disclosed. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s… Read More →

LGI Homes Arizona buys 151 lots in Buckeye

Sundance Lots_LGI Homes, Cassidy Turley, WEB

Cassidy Turley announced the sale of 40 finished and 111 platted lots in the master-planned subdivision of Sundance, located in Buckeye, AZ. LGI Homes Arizona, LLC (NASDAQ: LGIH) purchased the lots for $3.9 million. The seller was Kaufman Capital Sundance, LLC. Cassidy Turley Vice Presidents Brian Rosella and Will French negotiated the transaction on behalf… Read More →

CBRE to market office space at Chandler Viridian

Chandler Viridian, CBRE

CBRE has been awarded the marketing assignment for the ±240,000 SF office portion of Chandler Viridian, the $150 million, mixed-used project to be developed by Hines. The multi-faceted development project will be located on the former Elevation Chandler site near Chandler Fashion Center. Construction on the project is slated to begin 1Q 2015 and will… Read More →

Q & A with Tom Simplot, President and CEO of the Arizona Multihousing Association

Tom Simplot

Tom Simplot was named president and CEO of the Arizona Multihousing Association (AMA) in July 2008. The longtime Phoenix resident has served on the Phoenix City Council, president of the Maricopa County Board of Health, Maricopa County Industrial Development Authority, as chair of the Phoenix Historic Preservation Committee and was a member of the Phoenix… Read More →

Liberty Center at Rio Salado completes first building

Liberty Center at Rio Salado is a partnership between Liberty Property Trust and Markham Contracting Co.

Liberty Property Trust announced that it has completed the construction of its 155,000 square foot Class A office building, located at 1850 W. Rio Salado Parkway in Tempe.  The building opening marks Liberty’s first of up to potentially 11 buildings planned at Liberty Center at Rio Salado, and officially launches the innovative mixed-use business park.… Read More →

Hines closes on purchase of 25-acre Chandler Viridian

C:UsersRogerDesktopProjectsHines - Chandler CommonsCADCD

Hines, the international real estate firm, announced today that it has closed on the purchase of the 25.5-acre site for Chandler Viridian, a mixed-use property on the northwest corner of the Loop 101/Loop 202 interchange, adjacent to the Chandler Fashion Center. Hines has been working on Chandler Viridian for nearly two years due to the… Read More →

Kitchell completes first phase of Scottsdale Bible Church renovations

Bible Church, Greg Vatt, Kitchell, WEB

Kitchell recently completed the first phase in transforming the Scottsdale Bible Church campus at Shea Blvd. and 76the Street. The work included construction of Grace Chapel, which serves as a “front door” to the entire 18-acre campus, as well as the Special Ministries classrooms and the Student Center. In addition, Kitchell remodeled administration areas, a large bathroom… Read More →

TMC renovates expanded space in downtown Phoenix

TMC Rendering, WEB

Torres Multicultural Communications (TMC) – an independent, Latina-owned, full-service agency specializing in marketing and public relations solutions for today’s multicultural marketplace – continues to grow at a rapid pace with the relocation to a newly-renovated office space in Downtown Phoenix, in addition to launching Luna Culture Lab in the next months. According to TMC President… Read More →

UofA breaks ground on 245KSF Biosciences Partnership Building

Biosciences_Partnership_Building_poster

With a shovel of dirt, construction began Thursday on the 10-story Biosciences Partnership Building; the latest development in downtown Phoenix.   University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton tilled the soil ceremoniously marking the beginning of the 2-year design and construction for the 245,000-square foot research building on the Phoenix… Read More →

Hines buys Elevation Chandler site for $8.25M

ElevationChandler, Cassidy Turley, WEB

Cassidy Turley announced the sale of a 10.55-acre site at the northwest corner of Loop 101 and Loop 202 Freeways in Chandler, Ariz. Hines Interests Limited Partnership purchased the former Elevation Chandler site for $8.25 million. The seller was Price & Frye Investments, LLC. Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis and… Read More →

Irgens breaks ground on Portico Place II in Chandler

Members of the development team break ground on Portico Place II in Chandler.

Irgens has broken ground on Portico Place II, a 48,173 sf, two-story, class-A multi-tenant office building located at 2195 West Chandler Boulevard. This speculative office building is being developed in response to growing demand for new, contemporary office space in the southeast Valley submarket by commercial office tenants. Current class-A office vacancy in the Southeast… Read More →

Dollar General sells in Marana, Ariz.

Dollar General rendering

Marcus & Millichap announced the sale of Dollar General, a 9,100-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,755,000 and is currently under construction. Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive… Read More →

Second spec building completed at Chandler Corporate Center

Chandler Corporate Center III, Rockefeller, WEB

The Rockefeller Group announced today that it has completed its 82,000 square foot flex/office building on 8.2 acres at the Chandler Corporate Center campus. The building is the company’s second spec building in the office park. “The success of the first spec office building at Chandler Corporate Center was a factor in The Rockefeller Group… Read More →

Scheduling Institute to move into former warehouse restaurant space

LGE - Scheduling Institute, WEB

LGE Design Build has begun work on a large tenant improvement project in the downtown warehouse district for the Scheduling Institute, a medical and dental practice training company based in Alpharetta, Ga.  The renovated facility at 245 E. Jackson St., occupying the former Jackson’s on 3rd restaurant, will serve as a West Coast U.S. headquarters… Read More →