Hospitality Archives

P.B. Bell adds four properties to management portfolio

Vestar

P.B. Bell, a leader in multi-family housing development, management and acquisitions, has added four properties to its growing management portfolio.  The additions expand P.B. Bell’s reach in the East Valley with properties in Gilbert, Tempe, Old Town Scottsdale and North Scottsdale. “Our goal is to maximize the resident experience at every apartment community we manage,… Read More →

ABA Project Profiles: Arizona’s Finest

Arizona Cancer Center

Arizona Builders Alliance is a partnership between the Arizona chapters of the Associated Builders & Contractors (ABC) and the Building Chapter Associated General Contractors (AGC). It represents more than 250 contractors, suppliers and professional service firms in the commercial construction industry. Here are spotlight projects its members have been working on this year. Airport I-10… Read More →

Phoenix Children’s expands to Biltmore Commerce Center

Best Public, Commercial Buildings - AZRE Magazine September/October 2011

Phoenix Children’s Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management expert Lincoln Property Company (LPC) and a fund managed by Oaktree Capital Management, L.P. (Oaktree). The company will move into Biltmore Commerce Center next month,… Read More →

Three more infill deals completed by Cashen Realty Advisors

cra

The first property transaction is a 4.5 acre residential/commercial parcel that was purchased for $840,000 located at 1911 E. Van Buren in Phoenix.  The property is directly across the street from the St. Luke’s Medical Plaza and will be developed as a mixed-use project by the new owner.  St. Luke’s Medical Center is undergoing a… Read More →

Hunter closes on Phoenix Airport Hotel

Sky Harbor Airport

Hunter Hotel Advisors has announced that they advised on the sale of the 106-room Country Inn & Suites Phoenix Sky Harbor International Airport Hotel for a Los Angeles based hospitality company to an international investment group.  The $7,350,000 transaction was Hunter’s 6th for their client who is in the process of repositioning their portfolio. “There… Read More →

Skanska completes Seven Canyons Golf Clubhouse

Seven Canyons High Res

The Phoenix office of Skanska has completed work for Seven Canyons Golf Clubhouse located at 755 Golf Club Way in Sedona, Ariz. This is Skanska’s first hospitality project in Arizona. The $7.4-million project for the Enchantment Group included the golf pro-shop, community center, community recreation center, restaurant and bar, community sales office and community administration… Read More →

AZRE Source: Make room for the boutique boom

Graduate Tempe
Photos by Christian Horan Photography

Arizona may be pushing its weight around as a tech hub, but the state is also seeing its hospitality sector bounce back with a force that is causing waves of property exchanges, renovations and re-branding efforts to many hotels and resorts. Most recently, the Ritz-Carlton on 24th Street and Camelback Road in uptown Phoenix did… Read More →

Hampton Inn & Suites in Yuma sold for $7.4M

hampton

Marcus & Millichap has announced the sale of Hampton Inn & Suites Yuma, a 90-room hospitality property located in Yuma, Ariz., according to Kevin W. Boeve, vice president and regional manager of the firm’s Ontario office. The asset sold for $7,400,000. Aseem Tandon, a director of the National Hospitality Group in Marcus & Millichap’s Ontario… Read More →

Plaza Companies, Duke Realty partner on new Banner building

banner

Plaza Companies has partnered with a national real estate developer to build a new class-A medical office building on Banner Estrella Medical Campus in Phoenix. Plaza is partnering with Duke Realty in a joint venture to build the project. Founded in 1972 in Indianapolis, Duke Realty has a significant national real estate portfolio, but this is one of their first entries into… Read More →

Developers of new Mountain Shadows Resort announced

Rendering of new Shadow Mountain Resort.

Westroc Hospitality and Woodbine Development Corporation are partnering to develop a new luxury resort on the former location of Paradise Valley’s iconic Mountain Shadows Resort. With escrow now closed, construction will begin at the southwest corner of 56th Street and Lincoln Drive in the summer of 2015, with a projected opening in early 2017. The… Read More →

New Ownership Renovates Scottsdale Hotel

Scottsdale_lobby-pro-search-plus.jpg.1920x807_default
December 17, 2014 by in AZRE Magazine | Featured | Hospitality

A critical financing package has led to an upgrade of one of south Scottsdale’s best-known hospitality facilities and will help modernize it to reflect the revitalization of the McDowell Road Corridor. The Best Western Papago Inn at 7017 East McDowell Road in south Scottsdale has undergone renovations and is now the Magnuson Hotel Papago Inn. The revitalization of the facility comes… Read More →

New restaurant, Tapacubo, opens in Tempe

Copyright: Christian Horan Photography

Graduate Tempe announced the opening of Tapacubo, the hotel’s Mexican street food outpost, on December 5, 2014. Located at the hotel at 225 East Apache Boulevard, Tapacubo’s flavorful menu presents a variety of handcrafted South of the Border classics including tacos, tortas and arepas along with an extensive beverage list. Executive Chef Brian Archibald has… Read More →

Chateau Luxe brings 50KSF event venue to 101 and 7th Street

Chateau Luxe, courtesy of Deepika Bhalla

Chateau Luxe, a new event space that aims to bring high-end design and opulent detail to the Valley, is set to open mid-February 2015.  Located just north of the 101 off of 7th Street, Chateau Luxe is a multimillion-dollar event space envisioned by owner Deepika Bhalla. It is designed and built by the award winning… Read More →

Hayden House Tempe plans $200M mixed-use project

Mill & Rio Salado Rendering, DWC

Cassidy Turley has announced that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (Douglas Wilson, Chairman and CEO), Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, (Jeff Wenaas, President) and Los Angeles-based Karlin Real Estate closed on 2.51 acres at the southwest corner Mill Avenue and… Read More →