In The Spotlight Archives

Williams Landing Apartments sell for $4.15M

ORION Investment Real Estate announced the sale of Williams Landing Apartments, a 72-unit apartment complex in Gilbert, Arizona, for $4,150,000.  Jackie Allen, Vice President of Multifamily Investments at ORION marketed the property and negotiated the transaction.   Williams Landing Apartments is a two-story community consisting of 72 rental units. The property was built in 1982 using… Read More →

Modular Power Solutions leases 33KSF

casa
March 31, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the lease of 1441 North VIP Boulevard in Casa Grande, Arizona.  Jeff Hays, Chad Neppl, John G. Soldo, SIOR and Ryan Steele of CPI’s Tempe Industrial Team represented the owner, Jensen Precast for this ±33,000 SF property with five structures on approximately 10.66 acres.… Read More →

Velaire at Aspera breaks ground in Glendale

Aspera, Courtesy of Todd & Associates, Inc.

The P.B. Bell Companies has begun construction on Velaire at Aspera, an apartment community within the Aspera mixed-use development in Glendale. Located at 75th Avenue and the Agua Fria Loop 101 Freeway, Velaire at Aspera will offer 286 luxury apartment homes in a resort-like setting, with amenities that include an electric-car charging station, an agility… Read More →

Helix acquires new headquarters

March 29, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Helix, an Arizona-based commercial real estate investment, development, brokerage and management company, recently acquired its new headquarters office complex and also expanded its service offerings. Located at 3335 E. Indian School Road in Phoenix, the new headquarters includes two office buildings. Helix will operate its brokerage, development and property management companies out of the main… Read More →

ARC taps Plaza Companies to market two MOBs

Plaza Companies has been selected as the exclusive leasing team for a pair of thriving medical office buildings on the Arrowhead Hospital Campus in Glendale. American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare), a real estate investment trust specializing in medical office buildings, senior housing and other healthcare facilities, has tapped Plaza Companies to lease 33,044-square-foot Arrowhead Medical Plaza I and 45,289-square-foot… Read More →

YWCA office sells for $1.85M

March 28, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of the 31,746-square-foot YWCA Class B office building in Phoenix for $1.85 million or $58.29 per square foot.   Banner Health of Phoenix purchased the building, located at 755 E. Willetta Street, from Arizona YWCA Metropolitan Phoenix. The buyer was represented by Pat Williams, managing director… Read More →

Architect John Williams joins Gensler

Gensler announced John Williams, AlA as a senior project architect of its Phoenix firm. Williams brings more than 35 years of experience to his new role at Gensler, with expansive technical expertise and demonstrated leadership in managing projects for both public and private sector clients. He is a registered architect and third generation Arizonan who… Read More →

Off-road truck design firm leases 62KSF in Mesa

March 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

A Mesa-based off-road truck and SUV design and parts manufacturing company has signed for a 3-plus year lease at 308 S. Extension Rd. in Mesa. The property is comprised of a 44,004 SF and a 22,706 SF building. Matt McDougall and Matt Fredrick, Principals with Lee & Associates represented both sides of the transaction. The… Read More →

Phoenix firm buys El Paso industrial portfolio

CBRE announced the sale of a four-building, 245,745-square-foot industrial portfolio in El Paso, Texas, on behalf of New York-based Sullivan Crosby Trust. Phoenix, Arizona-based ViaWest Group purchased the portfolio in an off-market transaction for an undisclosed price. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora, with CBRE’s El Paso office, represented the seller. The buildings are… Read More →

CoreNet Global event discusses UA, Banner Health merger

Rendering, planned clinical tower, Banner-University Medical Center Tucson. Image courtesy of Shepley Bulfinch.

The merger of Banner Health and the University of Arizona Health Network highlights the stark challenges that academic medical centers face in the new economics of healthcare, according to modernhealthcare.com. The Banner/UAHN acquisition will be the topic of the CoreNet Global Arizona’s Annual Signature Event. “Transforming the Healthcare Landscape in Arizona” will be moderated by… Read More →

A/V technology is the fifth utility

Courtesy of CCS
March 25, 2015 by in AZRE Magazine | Featured | In The Spotlight

Shopping malls, doctors’ offices, corporate board rooms, restaurants and student classrooms are just a few of the common places that feature engaging audio visual (A/V) technology. Before the boom of the digital age, construction planning included four main utilities: water works, electric, gas and telecommunications. Integrating audio visual equipment has often been an afterthought, typically… Read More →

Sagewood completes second phase of Casitas

Sagewood, a Life Care Services community featuring resort-like amenities and health care services for senior living, has completed construction on its second phase of casitas. A recovering housing market and strong community sales sparked the second phase of detached casitas, a duplex home option for seniors living at Sagewood. The stylish two-bedroom, den and two-and-a-half… Read More →

Project News Jan/Feb 2015

Esplanade rendering, courtesy of CBRE

➤ TIME AFTER TIME The historic Hayden House in Tempe (built between 1871 and 1873) was the birth place of Arizona Rep. and Sen. Carl Hayden in 1877. Over the years, it was converted to a boarding house and eventually a restaurant known as Monti’s La Casa Vieja. The 2.51-acre property, purchased by Hayden House… Read More →

Smithfield Properties opens @51 in Phoenix

Central Phoenix just got a new addition to its housing life with the opening of the new, ultra-hip @51 apartment community, a project brought to the Valley by Smithfield Properties, Chicago-based developer of high-end residences and adaptive reuse projects. Designed by San Francisco-based Berkelhamer Architects, @51 is a contemporary residence set between the Biltmore area and midtown Phoenix.… Read More →