Office Archives

Cushman & Wakefield joins office trend

Cushman & Wakefield
by in AZRE Magazine | Office

Cushman & Wakefield typically brokers deals for a tenant’s relocation to a new office space, but this time, the shoe was on the other foot. Following the $2 billion merger of Cushman & Wakefield and DTZ in September 2015, the firm’s Phoenix branch nearly doubled the size of its workforce and footprint in Arizona. Until… Read More →

3-building project breaks ground after 30 years

Davis Enterprises – Investments & Development is a family-owned business with many investments and redevelopment projects throughout the Valley, including a five-acre site that has been in the family portfolio for more than 30 years near the I-17 at 2005, 2015 and 2025 W. Deer Valley Rd. While the site has been occupied by different… Read More →

Hexagon Mining selects Downtown Tucson for headquarters

Today, Hexagon Mining, an information technology provider of planning, operations and safety solutions for the mining industry, announced the relocation and expansion of its North American headquarters in Tucson to Downtown Tucson. Hexagon Mining selected City Park at 40 E. Congress Street in Tucson as its new North American headquarters. The company will lease 26,000 square feet on the… Read More →

Rivulon moves forward with 2 upcoming office spaces

Rivulon
by in AZRE Magazine | Office

The 250-acre master-planned Gilbert development, Rivulon, is continuing to move along as its developers get ready to break ground on two 60,000-square-foot office spaces. Nationwide Realty Investors, the developers behind the mixed-use project near Gilbert Road and the Loop 202 SanTan Freeway, has been seeing a lot of office momentum lately as they gear up… Read More →

Scottsdale Airpark hangar and offices sell for $4.5M

Scottsdale airpark hangar
by in AZRE Magazine | Office

An executive office and hangar facility at the Scottsdale Airpark were sold for $4.5 million to Potts Properties LLC, according to CBRE, which worked on the Scottsdale sale. The newly purchased facilities are located at 15834 N. 80th St. in Scottsdale, and were sold by Hill Valley Real Estate Holdings LLC. Bill Bayless with CBRE’s Phoenix office… Read More →

Biltmore Corporate Park sold for $7M

Biltmore Corporate Park
by in AZRE Magazine | Office

Biltmore Corporate Park office project at 6245 N. 24th St. has been sold to a local investor for $7,075,000. The new owner plans to modernize the multi-story building. “Biltmore Corporate Park is a prime example of an existing asset that has been well maintained and only requires a repositioning to capture its full potential,” says… Read More →

Lincoln buys 2777 Camelback for $24.65M

2777 Camelback
by in AZRE Magazine | Office

The Class A Camelback Corridor office property, 2777 Camelback, has been purchased for $24.65 million by Lincoln Property Company, according to a Friday announcement. The 104,618-square-foot building is located at 28th Street and Camelback Road, in a section of the Camelback Corridor undergoing a wave of new development. Chris Toci of Cushman & Wakefield served as the investment sales… Read More →

Lee & Associates negotiates 16,299 SF lease in Midtown Phoenix

Lee & Associates
by in AZRE Magazine | Office

CMOC International recently signed a 7-plus year, 16,299-square-foot office lease at 2600 Tower, 2600 N. Central Ave., Phoenix. Lee & Associates Associate Michael Marsh, Principals Craig Coppola and Andrew Cheney and Associate Gregg Kafka, negotiated the transaction on behalf of CMOC. JLL brokers represented the property ownership, Adler Realty Investments Inc. CMOC International is a worldwide… Read More →

CBIZ Plaza sells in Midtown for $26M

Cushman & Wakefield

A midtown office tower, near Central Avenue and Thomas Road, was sold to Houston-based Riva Ridge Development from Miami-based LNR Property Corporation for $26 million, which included fees assessed by an auction company, according to Cushman & Wakefield. The CBIZ Plaza is located at 3101 and 3111 N. Central Ave. in Phoenix, across the street… Read More →

Peoria Avenue office space sells for $10.55M

Peoria Avenue
by in AZRE Magazine | Office

Desert Canyon 200, a 98,761-square-foot office space located at 2421 W. Peoria Ave. in Phoenix, was sold to Scottsdale-based G2 Capital for $10.55 million, according to CBRE. The seller was REEF Desert Canyon LLC, managed by Seattle-based Washington Capital Management. Barry Gabel, Chris Marchildon, Jim Bayless and Ashley Brooks with CBRE’s Phoenix office represented the… Read More →

Report: Phoenix office market ends 2016 with ‘strong momentum’

Phoenix
by in AZRE Magazine | Office

CBRE Research released its Q4 2016 Phoenix Office MarketView report, and overall the Valley’s office market finished the year much the way it started – with strong momentum and healthy lease activity. Driven by improving economic fundamentals and steady job growth, demand from office users can be seen in the significant amount of net absorption… Read More →

Sky Harbor Towers redevelopment nearing completion

Sky Harbor Towers
by in AZRE Magazine | Office

The Muller Company, in a joint venture with investment firm Harbert Management Corporation, announced that the $20 million redevelopment of Sky Harbor Towers office complex is nearing completion of its first phase. The 13.6-acre, two-building office campus located at the intersection of Interstate 10 and State Route 143 is anticipated for move in this spring.… Read More →

Opendoor, Forward Tilt ink deals at The Quad

The Quad
by in AZRE Magazine | Office

The Quad, a fourteen-building, 166,606-square-foot office project in Scottsdale, has two new companies to add to its tenant roster. The creative, class A property will soon be home to San Francisco-based Opendoor and Scottsdale-based Forward Tilt. Opendoor will take an entire 12,546-square-foot building in Phase I of The Quad. The tech-based real estate sales platform… Read More →

2017 outlook: Getting creative with offices

by in AZRE Magazine | Office

For the office market, the latest trend is in spaces designed to be creative, collaborative and flexible. Newer developments emphasize flexible layouts, open spaces, upgraded common areas and amenities to create a more attractive work environment. The highest office rental rates for Class A office space are still found in the downtowns of Phoenix, Scottsdale… Read More →