In The Spotlight Archives

Arrested Development: demand for senior care

Healthcare & Senior Housing

Remember when grandparents used to consider nursing homes some kind of punishment akin to abandonment? There’s a good chance that reference has seen the last of its days. The senior living industry is seeing a huge transformation from “hospital mentality” to “hospitality.” Or, as one expert put it, developers are putting the “living” in “senior living.” With the addition… Read More →

PDI sells Gateway Village to TriGate Capital

Gateway Village
December 20, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced Wednesday that PDSI has sold Gateway Village in Glendale, to TriGate Capital as part of a $53 million sale of a national portfolio of retail properties. Located at 5932-6070 W. Bell Road in Glendale, the 126,286 square foot shopping center is 80.1% leased to tenants such as Stein Mart, All America Pool… Read More →

Vestar to develop at Crossroads Towne Center

Colliers International in Greater Phoenix recently negotiated two separate long-term leases for a restaurant and dental office at a multi-tenant retail building soon to be under construction at Crossroads Towne Center in Gilbert. Local shopping center owner, developer and manager, Vestar Development Company of Phoenix, is developing a 7,800-square-foot building at 3787 S. Gilbert Road.… Read More →

Chandler entertainment district gets 60KSF upgrade with The Row

Vintage Partners, Kitchell and RSP Architects will construct an Alamo Drafthouse in Chandler. Courtesy RSP Architects

Vintage Partners, the Phoenix-based commercial real estate development and investment company, announced its selection by the Chandler City Council to develop the The Row in downtown Chandler’s newly designated entertainment district, an all-new mixed used project on the SW corner of Arizona Avenue and Chandler Boulevard. Created in partnership with Alamo Drafthouse Cinema, this stylish… Read More →

Propak Logistics leases 50KSF in Phoenix

Estrella BP, CBRE, WEB
December 18, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed a 48,735-square-foot lease at Estrella Business Park located at 1010 S. 65th Avenue in Phoenix. Propak Logistics, Inc. has leased the space marking the companies first location in metropolitan Phoenix and bringing the property to 100 percent leased. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office, along with Bob… Read More →

Historic Welnick Bros. market slated for infill project

Welnick Skyline Rendering, WEB

CBRE has completed the sale of Welnick Bros. Marketplace located at 345 W. Van Buren St. in downtown Phoenix. The property, which has been earmarked for a future, urban-infill retail project, commanded a sale price of $930,000. Christoper Ackel and Pat Horan with CBRE’s Phoenix office negotiated the transaction on behalf of both buyer and… Read More →

BH Properties buys Plaza at Squaw Peak for $25M

Plaza SQ_PHOTO, WEB

On behalf of their client, IX CW Plaza Squaw Peak, LP, (an affiliate of Starwood Capital Group), Capital Asset Management announced today the successful sale of The Plaza at Squaw Peak, a 428,044-square-foot class-B office building, to BH Properties, a Los Angeles commercial real estate investment company. Located on 16th Street and Morten Avenue in… Read More →

Shops at Dynamite & Tatum sells for $1.9M

DynamiteTatum, WEB
December 16, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of the Shops at Dynamite & Tatum, a retail strip center located at 28255 N Tatum Blvd, in Cave Creek, Ariz. The property commanded a sale price of $1.9 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction on behalf the seller, Bainbridge Island, Wash.-based Pacific… Read More →

Young’s Market Company leases 250KSF in Phoenix

Youngs Market, WEB
December 16, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced Tuesday that Young’s Market Company of Arizona leased 248,900 square feet at 402 S. 54th Pl. in Phoenix. Young’s Market Company is one of the nation’s largest distributors of wines and spirits with operations in California, Hawaii, Arizona, Oregon, Washington, Alaska, Idaho, Utah, Montana and Wyoming. Cassidy Turley’s Executive Managing Directors Andy… Read More →

Two Brothers Brewing Co. to open in Old Town Scottsdale

Rendering courtesy of PHX Architecture

PHX Architecture is currently designing a new restaurant, bar and brewery located in Old Town Scottsdale for Illinois-based Two Brothers Brewing Company. Formerly the SaddleRanch Chop House Restaurant, this renovation will bring a new brewery concept to the Old Town atmosphere, and have indoor and outdoor dining options, as well as an entire brewery system inside.… Read More →

Cassidy Turley closed $71M in multifamily deals on Thursday

Broadstone Twin Fields
December 11, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced on Thursday the sale of Broadstone Twin Fields, a 314-unit apartment community located at 2505 E. Williams Field Road in Gilbert, Ariz., and  The Club at Coldwater Springs, a 251-unit apartment community located at 105 North Links Drive in Avondale, Ariz. Broadstone at Twin Fields, LP (Alliance Residential), represented by Cassidy Turley… Read More →

Kitchell returns to Phoenix Children’s Hospital for build-out

Blake Marvin/HKS

Kitchell has been engaged to improve shell space it built three years ago at Phoenix Children’s Hospital as part of the $356 million tower project. The $10 million build-out comprises design and construction of a 45,000-square-foot, 48-bed medical/surgical unit in existing shell space on the ninth floor of the main tower at 1919 E. Thomas… Read More →

Kurt Rosene creates new firm, NOVO Development

Kurt Rosene
December 11, 2014 by in AZRE Magazine | Featured | In The Spotlight | Newsmakers

Kurt W. Rosene, formerly Senior Vice President of The Alter Group, has transitioned to his new role as head of NOVO Development, LLC, headquartered in Scottsdale, Ariz. Although leaving as a full-time employee of The Alter Group, Rosene will continue to assist The Alter Group’s western region developments, including its signature Phoenix development, Riverwalk Arizona,… Read More →

AutoZone, Popeyes move into Pavilions at Talking Stick

Talking Stick Pavilions
December 11, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Pavilions at Talking Stick adds AutoZone and Popeyes The Pavilions at Talking Stick added two new tenants to its expanding roster with the completion of two ground leases. AutoZone will add a new, approximately 6,200-square-foot store, while Popeyes Louisiana Kitchen plans on adding a 3,000-square-foot restaurant. Paul Serafin represented the landlord in completing the AutoZone… Read More →