Medical Archives

Colliers assists Veterans Affairs with health center lease

Jonathan Ammon of

Colliers International in Greater Phoenix recently assisted the U.S. Department of Veterans Affairs in securing a long-term office lease in the 80,814-square foot Estrella Health Center in Phoenix. The Phoenix VA leased the 4th floor of the building, located at 9250 W. Thomas Road, from Legend Real Estate Management with corporate offices in Los Angeles.… 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 →

LGE Design Build completes Desert Shores Pediatrics

LGE Deisgn

LGE Design Build recently completed construction of the 9,566-square-foot Desert Shores Pediatrics in Gilbert. The single-story doctor’s office is located on 1.15 acres at 6285 S. Higley Road. The facility includes a central nurse’s station with workstations for doctors in addition to more than 20 exam rooms. “We moved a block from our former location… Read More →

Marcus & Millichap sell three properties totaling $10.75M


Ventana Medical Systems Inc. Marcus & Millichap announced the sale of Ventana Medical Systems Inc., a 60,000-square foot net-leased property located in Marana, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $8,600,000. Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the… Read More →

ORION closes Tucson medical center for $3M

1925 W Orange Grove

Orange Grove Medical Center, a 40,782 total square foot multi-tenant office building, sold for $3,000,000, or $73.56/SF. The property is located on the southeast corner of Orange Grove Road and La Cholla Boulevard in Tucson, Arizona. Constructed in 1988, the medical center sits on fee ground at the Northwest Medical Center Campus and was approximately… Read More →

NGKF Handles $141M sale of Phoenix medical office portfolio


Newmark Grubb Knight Frank’s (NGKF) Phoenix office, in collaboration with Global Healthcare Services, announced the completion of a $141 million sale of the Integrated Medical Services portfolio encompassing four Class A medical office buildings totaling 406,894 square feet. This portfolio sale sets a new record for the Phoenix Metro area as the highest price paid… Read More →

CBRE Capital Markets Debt Team completes two transactions


Walgreen’s drug store in Smithtown, New York CBRE’s Capital Markets Debt and Structured Finance team has arranged $7.8 million in acquisition financing for a triple-net-leased Walgreen’s drug store in Smithtown, New York. The asset commanded a sale price of $10.4 million. Geoffrey Harris of CBRE’s Phoenix office arranged a 75% LTV bank loan, 10-year fixed… 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 →

Cresa negotiates on behalf of Symphony Health Solutions


Symphony Health Solutions, an industry-leading provider of technology solutions for healthcare and life sciences manufacturers, payers and purchasers, recently secured 13,481 SF that will offer better workflow and collaboration consistent with the company’s culture. The deal, which included a buyout of the nearly 73,000 SF Symphony Health occupied for another 5 years, occurred within Biltmore… Read More →

Deer Valley Medical Buildings achieves maximum occupancy

6704 Deer Valley lll Photo Exterior

Ensemble Real Estate Solutions has closed three new leases totaling 25,000 square feet at Deer Valley Medical Office Buildings II & III on the campus of HonorHealth Deer Valley Medical Center. These new deals bring the two medical office buildings (totaling more than 154,000 square feet) to 100 percent occupancy. Recent transactions that brought the… Read More →

De Rito Partners announce recent commercial transactions feverpitched

Jamba Juice joins Shops at Norterra Jamba Juice finalized a deal to add a new location in North Phoenix, at the northwest corner of Happy Valley Road and Norterra Parkway. John Palmieri represented the tenant in completing the lease of the 1,057-square-foot space. Sonoran Cycles joins new mixed-use development in Surprise Sonoran Cycles signed a… Read More →

Plaza Companies selected to lease three key properties

plaza companies

Plaza Companies has been selected by CNL Healthcare Properties to provide leasing services for three buildings on the HonorHealth John C. Lincoln Medical Center campus in Phoenix. The three buildings — Lincoln Medical Plaza I, Lincoln Medical Plaza II and North Mountain Medical Plaza — combined total more than 73,000 square feet of medical office… Read More →

General contractors selected for Banner-University Medical Center

Courtesy of Shepley Bulfinch

The general contractors have been selected for an 11-story tower that will replace the 40-year-old portion of the hospital at Banner – University Medical Center Tucson. Pending zoning approvals, Sundt I DPR, A Joint Venture, will begin preparing the site and utilities late this year, with construction starting in early 2016. The facility is expected… Read More →

Scheduling Institute opens in Phoenix warehouse district

Image provided by LGE Design Build

LGE Design Build has completed the renovation of the former Jackson’s on 3rd restaurant into a 23KSF West Coast training center for the Scheduling Institute, a medical and dental practice training company based in Alpharetta, Ga. PHArchitecture was the architect of record. The new training center, located at 245 E. Jackson St. in the downtown… Read More →