New to Market Archives

Goodyear RV resort sells for $6.15M

Goodyear
by in AZRE Magazine | Multi-Family

The NAI Horizon team of Russell and Andrew Warner represented the seller in the $6.15 million sale of Destiny Phoenix RV Resort at 416 N. Citrus Rd., in Goodyear. NAI Horizon represented Destiny-Phoenix West LLC, and the buyer was Walter Johnston. Destiny Phoenix RV Resort features 284 paved RV sites, a heated pool and spa,… Read More →

Cushman & Wakefield sells Zocallo Plaza for $15.55M

Zocallo Plaza
by in AZRE Magazine | Retail

Zocallo Plaza, a 51,195 square-foot retail center located near Scottsdale Road and Frank Lloyd Wright Boulevard in Scottsdale, sold for $15.55 million. Built in 1999, Zocallo Plaza is currently 100 percent occupied by a diverse, specialty tenant roster, including Corner Bakery Café, Pella Windows, Desert Schools Credit Union and Classy Closets to name a few. The… Read More →

North Scottsdale office portfolio sells for $122M

Scottsdale
by in AZRE Magazine | Office

A North Scottsdale Class-A office portfolio was sold by its developers for $122 million to a Phoenix-based property company. Wentworth Property Company purchased the 640,000 square-foot portfolio from Desert Troon Companies with plans to renovated the offices, and add two parking garages to the area, according to Cushman & Wakefield. The 640,000 square-foot office portfolio is… Read More →

First Vistancia rental community opens

Vistancia
by in AZRE Magazine | Multi-Family

Luxury rental home developer, BB Living opened its newest for-lease neighborhood in the award-winning Vistancia master plan. The neighborhood features 134 well-appointed townhomes in Acacia Grove in The Village at Vistancia and offers three- and four-bedroom with two-and-a-half baths starting in the $1,300s per month. A first of its kind rental home option at Vistancia, BB… Read More →

Gilbert’s Heritage Marketplace Phase 2 completed

LGE Design Build
by in AZRE Magazine | Mixed-Use

LGE Design Build has completed phase 2 construction of Heritage Marketplace in downtown Gilbert with trendy new restaurant and retail businesses such as Sushi Brokers and Tuft and Needle. Nico, a new restaurant by chef Gio Osso of Virtu Honest Craft in Scottsdale, has also opened in the completed Phase 1 building. Phase 2 tenants… Read More →

CBRE sells Courtney Village Apartments for $45.5M

Courtney Village
by in AZRE Magazine | Multi-Family

CBRE completed the sale of Courtney Village, a 368-unit multifamily community located at 4848 E. Roosevelt St. in Phoenix, Arizona. The property sold for $45.5 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, California-based PASSCO. The buyer was Denver-based Continental Realty Advisors. Developed in 2002,… Read More →

BKM Capital Partners acquires industrial asset for $58M

Industrial asset
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, acquired Tempe Commerce Park, a 535,976 square-foot, five-building  property in Tempe in a limited marketing transaction for $58 million. This acquisition, which is BKM Capital Partners’ tenth acquisition in the Phoenix metro area this year, was acquired through… Read More →

Arrowhead Creekside in Glendale sells for $11.15M

Arrowhead Creekside
by in AZRE Magazine | Medical

An 11 building medical office campus, Arrowhead Creekside, sold for $11.15 million in Glendale at 7200 W. Bell Rd., according to Cushman & Wakefield on behalf of owner Washington D.C. based Starwood. Arrowhead Creekside is an 69,858 square-foot, medical office campus located in the prestigious Arrowhead Ranch area of Glendale. The project was 97 percent occupied at the… Read More →

Corporate Center at Kierland sells for $24M

Corporate Center at Kierland
by in AZRE Magazine | Brokerage | Multi-Family

The Corporate Center at Kierland sold for $24,350,000 in a sale to Kierland Sky, LLC., according to an announcement by Commercial Properties Inc. Trent Rustan and Josh Gosnell from Commercial Properties Inc. represented the Scottsdale-based buyer, Kierland Sky, LLC in the purchase of the 107,860 square foot, Class A office building at 14635 North Kierland Boulevard in… Read More →

CBRE completes sale of Tamarron Apartments

Tamarron Apartments
by in AZRE Magazine | Brokerage | Multi-Family

CBRE completed the sale of the Tamarron apartments, a 328-unit multifamily community located at 4410 N. 99th Avenue in Phoenix, Arizona. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller. Joseph Dietz with Orion Investment Real Estate represented the buyer. “Tamarron is ideally… Read More →

Colliers goes collaborative with workspace renovations

Colliers
by in AZRE Magazine | Office

Colliers International in Greater Phoenix recently completed an office renovation at the Biltmore Financial Center, creating an inviting open concept that fosters collaboration and creativity, increases efficiency and enables brokers to better serve clients.   Photos courtesy of Colliers International Colliers held visioning sessions and conducted internal surveys during a two-year comprehensive workplace strategic review… Read More →

Cushman & Wakefield sell Chandler apartments for $21.65M

Chandler Apartments
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the sale of Chandler apartments, which sold for $21.65 million. Park Tower Apartments, a 180-unit value-add multifamily investment at 1283 W. Parklane Blvd. in Chandler, was sold to Chicago-based 29th Street Capital. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented the seller, Scottsdale-based Clear Sky Park… Read More →

Velaire at Aspera officially opens in Glendale

Aspera
by in AZRE Magazine | Multi-Family

P.B. Bell has opened Velaire at Aspera, a luxury apartment community within the long-awaited Aspera mixed-use development in Glendale, Arizona. Velaire at Aspera is the third new community P.B. Bell has opened since late September. Located at 75th Avenue and the Agua Fria Loop 101 Freeway, Velaire at Aspera offers 286 luxury apartment homes in a resort-like… Read More →

Ritz-Carlton Residences sell $249M in 1 day

FINAL Ritz PV - Pool Rendering_email size

The Ritz-Carlton Residences in Paradise Valley obtained property reservations for 89 of the 91 villas released at the one-day, private sales event last Saturday totaling $248,760,000. “We believe it was the largest real estate event ever in Arizona,” said Jan Bracamonte, spokeswoman for Five Star Development, the project’s developers. She describes the villas as “the… Read More →