Hospitality Archives

Scottsdale’s Caliber reels in 2 Alaskan hotels

Salmon Falls
by in AZRE Magazine | Hospitality

Caliber The Wealth Development Company announced that it has successfully closed on two premium Alaskan hospitality properties for a combined purchase price of $11 Million. Properties were acquired with partners Heavlin Management Company and Leslie Hospitality Consulting. Located in Ketchikan, known as the “Salmon Capital of the World,” the Salmon Falls Resort and Edgewater Inn… Read More →

The FOUND:RE Hotel set to open in downtown Phoenix

101015 Foundre Render F02 Reduced

The concept’s identity is no longer a secret. The former Lexington Hotel located on the northwest corner of West Portland Street and North Central Avenue, is being transformed into the FOUND:RE Phoenix, a one-of-a-kind lifestyle hotel experience with details, designs, public spaces and amenities inspired by contemporary art, culture, fashion and music. The 104-room hotel,… Read More →

Renowned BBGM joins forces with MONOGRAM 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 →

NAIOP members’ office and industrial projects

SkySong, The ASU Scottsdale Innovation Center — SkySong 4

Project profile criteria per NAIOP: Property must be owned or have non-refundable earnest money in escrow by 8/1/15. Property must have a color site plan and color rendering completed. Property must have proper zoning in place. Property must be bigger than 100,000 square feet Amkor Headquarters  Developer: Ryan Companies US, Inc. General Contractor: Ryan Companies… Read More →

Hotel Tucson City Center Inn Suites sells for $9.65M

Hotel Tucson City Center Inn Suites

Marcus & Millichap has sold Hotel Tucson City Center Inn Suites, a 267-room hospitality property located in Tucson, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $9,650,000. James I. Meng and Jon R. Grantham, hospitality investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market… Read More →

Tower Capital closes two transactions in Scottsdale and Tucson


Once again showing its diversity across different markets and asset classes, Phoenix based structured finance firm, Tower Capital, recently arranged $12,209,000 in acquisition financing in two separate transactions. The first was on behalf of Caliber Companies, a full service real estate investment company headquartered in Scottsdale, Arizona. Caliber owns and operates a diverse real estate… Read More →

The Standard is Old Town Scottsdale’s newest resident

The Standard Exterior Rendering

Experience innovative luxury living at Scottsdale’s newest apartment community, The Standard. Located in the heart of downtown Scottsdale’s thriving cultural and social hub, comes a host of unique apartment homes, drawing inspiration from mid-century modern style. Adjacent to the Hotel Valley Ho, an iconic 1950s landmark, The Standard blends design elements from the era with… Read More →

New to Market: September-October 2015

Capital Place, Downtown Phoenix

Hospitality The Algarve at Encanterra Country Club Developer: Shea Homes General Contractor: A.R. Mays Construction Architect: H & S International Location: 1035 E. Combs Rd., San Tan Valley Size: 60KSF Value: $3M Start/Completion: June/December 2015 Hospitality L’Auberge de Sedona Developer: L’ Auberge Newco, LLC, a Delaware Limited Liability Company General Contractor: A.R. Mays Construction Architect: PHX Architecture Location:… 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 →

P.B. Bell adds four properties to management portfolio


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


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 →