Property Management Archives

75th & Peoria Shopping Center gets new ownership and name

Peoria

Capital Asset Management (CAM), Phoenix, teamed up with Cottonwood Equity, LLC, based in Salt Lake City, to purchase the 59,839 sq-ft 75th & Peoria Shopping Center located at the southwest corner of Peoria and 75th Ave. With this purchase, CAM and Cottonwood Equity will focus their efforts over the next six months on a considerable… Read More →

Sundt Construction increases focus on sustainability

Sundt

Sundt Construction, Inc. recently expanded its commitment to sustainability with a corporate-wide initiative to effect a positive change on the environment, increasing its presence as one of the top green contractors in the nation. The company’s new environmentally focused charge is evidenced by the latest rankings from two of the industry’s leading construction publications – Engineering News-Record (ENR) and Building Design… Read More →

After 40 years, family sells redevelopment in Payson

Sold Sign

An era spanning over four decades of property ownership came to an end for three retired school teachers, which so happen to be sisters. The family owned and operated assorted businesses which had been previously used as a gas station and grocery store, operated by the parents, an ice store that was operated by the… Read More →

Ground breaks on 386,100 SF industrial project in Tolleson

First Industrial Rendering

Sun State Builders has broken ground on the First Industrial project in Tolleson, AZ. The 386,100-square foot cross dock distribution facility situated on 21.2 Acres will be complete by December of this year and will serve as the new home of Mattress Firm and other tenants. The Class A building will offer 36-feet clear height, K-25 ESFR,… Read More →

P.B. Bell earns top honors for safety

safety

P.B. Bell, a leader in multi-family housing development, management and acquisitions, is being recognized for its commitment to safety.  For the eighth consecutive year, P.B. Bell has been included on CopperPoint Mutual Insurance Company’s exclusive “Best of the Best” list for its efforts to keep employees safe. The Phoenix-based CopperPoint Mutual Insurance Company, an advocate… Read More →

Alisa Timm – Most Influential Women In Commercial Real Estate

Photo by Mike Mertes, Az Big Media

Alisa M. Timm Director of management services, Desert West Region Lincoln Property Company Years in the industry: 25 Real estate is in Alisa Timm’s blood. Maybe that’s why she treats all of her clients and coworkers like family. “Singling out a (favorite) deal is difficult because I would say the most memorable ones are the clients who… Read More →

ABA: Commercial Construction Poised for Rebound

Photo by Mike Mertes, Az Big Media

By Mark Minter, executive director, Arizona Builders Alliance Joe DuVall, president, ABA, project executive, Kitchell Sometimes, it looked like the Great Recession was never going to end. Layoffs, shrinking or non-existent margins, projects that bid but never got built all seemed to be the order of the day in recent years. It looks like the… Read More →

Caretaker Landscape and Tree Management expands

Caretaker Team Photo

Twenty-seven years ago, Susan Stephenson Harris, a retired banker from Oklahoma, moved to Arizona to relax and play golf. Six months later, in 1988, she started Caretaker Landscape and Tree Management as a hobby. In 1997 Matt White joined the Caretaker team and in 2007 he became the sole owner of Caretaker Landscape and Tree… Read More →

AZRE Source: The private land grab

AZRE Source

It is obvious the Valley is landlocked, but not all of that land is up for grabs. Only 17 percent of land in Arizona is private land available for development. The public state trust owns a majority of the undeveloped land in the state. “I felt this is a well-kept secret,” said Kuldip Verma, CEO… Read More →

Herschend to move Harlem Globetrotters corporate offices

123rf.com: Mark Spowart

Herschend Enterprises (HE), which purchased the World Famous Harlem Globetrotters in October 2013, announced today that they will relocate the team’s corporate headquarters from Phoenix to Atlanta. Based in Phoenix since 1995, the Globetrotters’ move to Atlanta, the corporate headquarters for HE, is expected to be completed by the summer of 2016. The Harlem Globetrotters… Read More →

AZRE Source: Planning & Zoning Update July/August 2015

123rf.com:  Ioulia Bolchakova

City of Avondale The City of Avondale has announced that the Development and Engineering Services Department has created and enabled a web based software that will allow anyone to submit applications online and receive approvals digitally. The site is called Accela Citizen Access (ACA) and Electronic Document Review (EDR). ACA & EDR allows Development and Engineering… Read More →

Two U-Haul neighborhood dealers open in Mesa

123rf.com: Ken Wolter

U-Haul International, Inc. has announced that Arrow Self Storage and Country Club Chevron has signed on as a U-Haul neighborhood dealer to serve the Mesa community. Arrow Self Storage at 1055 W. Guadalupe Road will offer U-Haul trucks, support rental items and in-store pickup for boxes. Country Club Chevron at 414 W. Guadalupe Road will offer U-Haul… Read More →

Papago Buttes Corporate Plaza expands lease

buttes

Cushman & Wakefield of Arizona, Inc. recently negotiated a lease expansion for Western Refining at Papago Buttes Corporate Plaza, located at 1250 W. Washington St.  The expansion results in the company occupying an entire four-story, 105,000-square-foot building. Western Refining has agreed to lease 17,723 square feet of additional space on the fourth floor of the… Read More →

August industrial and office property review

economy

ECONOMIC OVERVIEW The Metro Phoenix economy continued to improve adding 55,500 jobs over the past 12 months through March, marking an annualized job growth rate of 3.0%. The unemployment rate declined to 4.8%, the lowest rate since 2008, down 160 basis points (bps) from a year ago and 70 bps lower than the national rate.… Read More →