Featured Archives

Arizona drops from Top 10 for job growth

phoenix

We’re still slowly recovering from the staggering loss of jobs during the Great Recession, but some cities and states are rebounding faster than others. The job-growth numbers for the first three quarters of 2014 are now out. Research Professor Lee McPheters of the W. P. Carey School of Business at Arizona State University provides rankings… Read More →

DriveTime Automotive signs 96KSF lease at Liberty Center

Stop 2: Liberty Center at Rio Salado

Liberty Property Trust announced the signing of a 96,000 square foot lease with DriveTime Automotive Group for a new corporate headquarters in Liberty Center at Rio Salado in Tempe.  It will be the third class-A office building that Liberty will deliver at its newly launched park since construction began in the fourth quarter of 2013.… Read More →

GDC/RE founders move retail team to NGKF

123RF.com, Copyright: valeriylebedev

GDC/RE founders Joe Doucett and Tim Gunnink are bringing their team of retail specialists to Newmark Grubb Knight Frank‘s (NGKF) Phoenix office, where the number of real estate professionals has grown fourfold in the past two years. With nearly 25 years of real estate experience between them, Doucett and Gunnink will join the retail division of… Read More →

The Dish: Chef Eddie Matney’s braised beef short ribs

BBQ, 123RF, strelok

Chef Eddie Matney, of Eddie’s House, is prepared to show the Valley’s most charitable residents how to put their money where there mouth is. Every year, local nonprofit Camp Soaring Eagle’s Annual Affair raises money for its year-round safe camp programs for seriously ill children and their families. It’s free for them to camp, and… Read More →

Fiesta Bowl gets Vizio as new title sponsor

tostitos_fiesta_bowl_-_50_yd_line_logo

The Fiesta Bowl, one of the bowls that is part of the new College Football Playoff rotation, has a new title sponsor, according to ESPN.com’s Brett McMurphy. Electronics giant Vizio will sponsor the Fiesta Bowl. Vizio had sponsored the Rose Bowl for the previous four seasons. For the past 18 years, Tostitos had sponsored the… Read More →

New To Market: Broadway 101 Commerce Center Park – Phase III

Broadway101_Phase3_Elevations_CT

DEVELOPER: Property Realty Advisors General contractor: TBD Architect: Euthenics Architecture & Interiors Location: NWC of Broadway and Dobson roads, Mesa, Ariz. Size: 211,505 SF Brokerage Firm: Cassidy Turley Value: WND Start/Completion: December 2014 SUBCONTRACTORS: Parsons Design Studio, CaliChi Design Group Highlights: Commerce Center Park Phase III features two buildings totaling approximately 211,505 SF on the… Read More →

Canadian investor buys Gateway Office Center

Gateway Office Center, Cassidy Turley, WEB

Cassidy Turley announced the $3 million ($95.06/psf) sale of Gateway Office Center located at 4130 E. Van Buren Ave. in Phoenix. Garnett Capital Corporate from Victoria, British Columbia, purchased the ±31,557 square foot property from Brentwood Gateway Center (Victorville, CA.). Cassidy Turley Executive Managing Director Eric Wichterman and Senior Vice Presidents Mike Coover and Gordon… Read More →

DCT Industrial Trust acquires Tempe portfolio

TempeWarehousePortfolio_BCL, WEB

Cassidy Turley announced that DCT Industrial Trust has acquired a three property warehouse portfolio from a Chicago-based global investment manager for $26.44 million.   Located in Tempe, the 355,371 SF portfolio includes: Roosevelt Center, 2405 and 2415 S. Roosevelt Street; Parkland Center, 7245 and 7307 S. Harl Ave.; and Wilson Center, 2636 South Wilson Street… Read More →

New to Market: Lux Air Jet Centers

LuxAir_Entry

OWNER: Lux Air Jet Centers Construction Manager: BSI Construction Services General contractor: Adolfson & Peterson Construction Architect: Larson Associates Location: Phoenix-Goodyear Airport – 1658 Litchfield Road, Goodyear, Ariz. Size: 67,290 SF Value: $8.2M Start/Completion: July 2014 to April 2015 Highlights: The Lux Air Goodyear location will be a fixed-base operator (FBO) facility for Lux Air… Read More →

Project News

project-news-update

➤ THE NEW SCHOOL Kitchell, Haydon Building Corp. and SmithGroupJJR have broken ground on a new building for the Foundation for Blind Children’s Phoenix campus. The 36,600 SF single-story building will replace several outdated facilities planned for demolition. Its main campus will continue to serve adults who are visually impaired. ➤ WHERE THE ‘BELL’ TOLLS… Read More →

Meet Tempe’s biggest parking advocate Darwyn Harp

Darwyn Harp

Darwyn Harp handles property management and business development services for Hines by day. By night, however, Harp is Tempe’s biggest parking advocate. AZRE caught up with the Aggie alum to see just what keeps his meter running for Tempe’s 8,500 parking spots. What does it mean to be a parking advocate? It is one who… Read More →

Incentives for Sale

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The predictable Arizona weather may not be for everyone, but there’s at least one group that can appreciate it for what it is — data center owners. Last September, Arizona’s House Bill 2009 went into effect, offering data center owners tax incentives for investing in the state. Twelve months later, there hasn’t been a rush,… Read More →

Ventana Receives Manufacturing Excellence Award

ventana

The Association for Manufacturing Excellence (AME) will bestow upon Ventana Medical Systems Inc. a 2014 Manufacturing Excellence Award. Vice President of the AME Manufacturing Excellence Awards Council Michael Bremer will visit Ventana on Oct. 29 to present the award. The company will officially be honored during the 2014 AME International Excellence Inside Conference, Nov. 10-14… Read More →

CPI sells Hewson Dover Business Park in Mesa

Hewson Dover Business Park, CPI, WEB

Commercial Properties, Inc. announced the sale of Hewson Dover Business Park.  Tyson Breinholt, Trent Rustan and Josh Gosnell of CPI’s Tempe Office & Retail Group represented the seller in this transaction. The 11,424 SF, class-B office building is located at 4344 E. Presidio Street in Mesa on the NW corner of Greenfield Road and Presidio… Read More →