In The Spotlight Archives

Valley Partnership on conquering the hill

Arizona State Capitol

Valley Partnership defines itself as an advocacy organization with responsible development at its core. Behind the organization’s educational Friday Morning Breakfasts, networking mixers, fundraisers and annual community project, Valley Partnership has three committees that work year-round on the organization’s advocacy efforts on a federal, state and cities/county issues. “Keeping with Valley Partnership’s focus on supporting… Read More →

McDowell Mountain Business Park sells for $10.5M

McDowell Mountain Business Park

The Phoenix office of JLL has just closed a $10.5M ($164.67/sf), three-building flex office portfolio sale in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10-percent vacancy rate for its class-A flex office and industrial space. “This is a niche area of the northwest Valley that appeals to tenants… Read More →

Alliance Residential buys multifamily site in Gilbert

Broadstone Civic Center

DTZ announced that Broadstone Civic Center, LLC (Alliance Residential) purchased a 13.72 acre, 256-unit multifamily development site located south of the southwest corner of Warner Road and Civic Center Drive in Gilbert for $3.85 million ($$15,039 per unit). The seller was AZ Gilbert Holdings 2, LLC (an entity formed by Lehman Brothers Holdings, Inc.). DTZ… Read More →

90-year-old Landmark Restaurant sold to events company

The Landmark Restaurant, WEB

Commercial Properties, Inc. announced the sale of the historic Landmark Restaurant in Mesa to a wedding and reception company. Rex Griswold and Andrew Jaffe of CPI’s Sales & Leasing Team represented the sellers, Don and Candy Ellis in this transaction. Aldea Weddings of Peoria purchased the ±10,000 SF building at 809 W. Main St.  The… Read More →

Michael Pollack unveils biggest challenge of career

Arizona Cardinals quarterback Carson Palmer, Cheryl Pollack, Michael Pollack and Gilbert Mayor John Lewis. Photos courtesy of Pollack Investments.

Real estate entrepreneur and Valley philanthropist Michael Pollack of Pollack Investments has transformed hundreds of shopping centers, totaling more than 10-million square-feet of space, but never in his 40+ years of rehabbing centers has Pollack made this dramatic of a transformation until now. Pollack unveiled his rehabilitated shopping center at Gilbert and Ray Roads in Gilbert,… Read More →

Valley Partnership counts its legislative wins

lawyer

By Cheryl Lombard, CEO and president of Valley Partnership Federal: VP’s role: –Provided a forum for a continuing and constructive dialogue between federal congressional representatives and the development community with our monthly meetings. Provided formal comments on the EPA’s Waters of the U.S. Rule (“WOTUS”) and it potential damage to Arizona’s economic vitality. –As a… Read More →

The changing face of development: Cheryl Lombard

Cheryl Lombard, Photo by Mike Mertes for AZ Big Media

If Valley Partnership is the voice of responsible development in the Valley, new CEO and President Cheryl Lombard is expected to be the deep breath behind it.  In mid-March, she transitioned from being director of government relations at The Nature Conservancy in Arizona to the leader of Valley Partnership. “We were looking for a transformative… Read More →

Court decision changes subcontractor, supplier practice on public projects

law-image

By D. Kim Lough, Special to AZ Big Media Sub-subcontractors and suppliers working on public projects in Arizona are now required to serve preliminary 20-day notices for asserting a bond claim by registered or certified mail. A recent Arizona Court of Appeals (Division 2) opinion changed the requirement of this common practice, which previously assumed… Read More →

Westwood adds 11 to solar, wind teams

Group Photo, WEB

Westwood Professional Services, Inc. (Westwood), a national multi-disciplined professional surveying and engineering services firm, announced the addition of 11 members to its solar and wind teams. “This strategic move strengthens and expands Westwood’s national presence in the solar and wind markets and enables the company to leverage additional and well-established expertise to provide value to… Read More →

Metromile car insurance opens office in Tempe

MetroMile

Metromile, a pay-per-mile car insurance company, announced it will open its third office in Tempe. The office is located at 1150 W. Washington St., near the Priest Drive and Washington light rail station. “We are really excited to be in Tempe,” said Dan Preston, CEO of Metromile. “We looked at a number of cities but… Read More →

CBRE reports recent Tucson leases

2100 N Kolb Road PHOTO

CBRE’s Tucson office has released the following recent transactions: International Rescue Committee has leased 6,200 square-feet of office space at 2100 N. Kolb Rd. from Reay’s Ranch Investors LLC. CBRE’s Tucson office handled the transaction with Pete Villaescusa, Bruce Suppes, and Jesse Peron representing the landlord/sublessor and Bruce Suppes and Ian Stuart representing the tenant/sublessee.… Read More →

97KSF office at Crossroads of Tempe sells for $17.25M

Crossroads of Tempe

ViaWest Group has sold 96,691 SF of office space within the commercial complex, Crossroads of Tempe. Phoenix-based ViaWest Group acquired the nearly vacant office-retail property in 2011 for $4.055 and sold the retail portion shortly after for $1.3M. Four years later, after investing in the two remaining vacant, shell condition office buildings, ViaWest Group (in… Read More →

Arizona’s Valley of the Scholars

Grand Canyon University; Photo by Shavon Rose for AZ Big Media

Phoenix may be built on a grid system, but it’s not too hyperbolic to say all roads (and, one day, light rail routes) lead to Arizona State University. It’s the theory of diffusion of innovations, says Sundt Construction’s Business Development Manager Ryan Abbott. The theory, which has been around since Everett Rogers published a book… Read More →

Heritage Marketplace enters phase two

Courtesy of LGE Design Build

LGE Design Build is starting the construction of the second phase of Heritage Marketplace with rapid leasing momentum. Phase 2, slated to begin construction in late June with a December completion, is already experiencing strong pre-leasing activity. Phase 1 is complete and 100 percent leased for retail and restaurant spaces. An integral part of Gilbert’s… Read More →