Featured Archives

North Mountain Plaza in Phoenix sells for $10.5M

North Mountain

Arizona-based Pivot Development, LLC has purchased North Mountain Plaza, a retail center in Northwest Phoenix for $10,577,000. Cushman & Wakefield Senior Vice Presidents Dan Salley and Jack Wilson negotiated the purchase transaction on behalf of the buyer. Cam Stanton of CBRE represented the seller, CT Retail Properties Finance IV, LLC. North Mountain Plaza is located… Read More →

Crowdfunding site connects Arizona businesses, capital


The biggest challenge for Arizona entrepreneurs today is access to capital, said Dan Nienhauser, executive director of Arizona Collaboratory Inc. To address the issue, the Arizona Technology Council has partnered with Arizona Collaboratory Inc. to launch the Arizona Collaboratory Capital Connectivity Portal. This online platform is the first aimed strictly at Arizona technology companies and… Read More →

NAIOP Arizona: Blood, Sweat, and Years


At the helm of NAIOP Arizona, directing it into its fourth decade, is Voit Managing Director Tom Johnston. He has worked in commercial real estate for 19 years and been a member of NAIOP for most of them, he says. “When I first became a member, it was a rocking four years. Everything was grandiose,”… Read More →

Historic Grand Ave building becomes art, collab, event space

Unexpected Art Gallery

The Unexpected Art Gallery opens in a historic Grand Avenue building this month, bringing a unique mixed-use art exhibition gallery, office and event space to this growing Downtown Phoenix neighborhood. The gallery renovates the 8,000 square foot Miller Store Fixture building at 734 W. Polk St. where the owners plan to host exhibitions and include a TechShop… Read More →

BKM makes sizeable acquisition in Phoenix


BKM Capital Partners has acquired the Koll Cotton Center, a seven-building, 225,435 square-foot industrial business park in Phoenix for $26 million. “The Cotton Center is an institutional quality asset that presents a dynamic value proposition,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners. “By acquiring this property well below replacement cost, there is a… Read More →

Where obsolescence ends, new trend begins


A flour mill, a bowling alley, a former shopping mall. All of these retail centers have one thing in common — they’re fated to become creative office space. The life expectancy of older office buildings hangs in the balance along the streets of Midtown and other sub-markets in Arizona that saw extensive growth in the mid-80s.… Read More →

Papago Plaza in Scottsdale sells for $12.5M

Papago Plaza

Cushman & Wakefield has announced that Arizona-based Pivot Development, LLC has purchased Papago Plaza and an adjacent office building in South Scottsdale for $12.5 million. Cushman & Wakefield Senior Vice Presidents Dan Salley and Jack Wilson negotiated the acquisition. Papago Plaza is a pueblo-style retail center located at 7047 E. McDowell Rd. The retail building… Read More →

Yelp Foundation donates $100,000 to Playworks Arizona

Photo: Yelp, Facebook

The Yelp Foundation has announced plans to give $100,000 to Playworks Arizona to help continue to spread their mission of making recess a positive and productive time for kids. The check presentation will take place on October 27 at 9 a.m. at Loma Linda Elementary, one of the 28 Playworks schools in Arizona. Playworks is a national nonprofit that… Read More →

Modernized Heard Building epitomizes downtown Phoenix trends

Heard Bldg_front Plain

Winslow + partners has announced that the modernization construction is almost complete on the historic Heard Building, 112 N Central Avenue, between Adams and Monroe Streets in the vibrant heart of downtown Phoenix. winslow + partners helped the owner, Chris Rudel, reposition The Heard Building for a new generation of tenants and users. The Heard… Read More →

Protein found in malaria could help stop cancer

brain cancer

Researchers at the Translational Genomics Research Institute (TGen) joined an international team of scientists in discovering how a protein from malaria could some day help stop cancer. Collaborators at the University of Copenhagen, while exploring why pregnant women are particularly susceptible to malaria, found that the mosquito-borne parasite that causes malaria also produces a protein that binds… Read More →

Colliers International completes $2.175M combined sale

Sleep Consultants

Colliers International in Greater Phoenix recently completed two separate medical office condominium sales totalling $2.175 million in a triple net leaseback deal for Desert Pulmonary and Sleep Consultants in Gilbert. The combined square footage is 8,396. Both transactions were led by Steve Gonzalez, senior vice president; Marcus Muirhead, vice president; and Greg Guglielmino, senior associate;… Read More →

PurpleLight raises awareness of pancreatic cancer


Pancreatic cancer is currently the fourth-leading cause of cancer related deaths in the country and is expected to become the second by 2020.  The Phoenix affiliate of the Pancreatic Cancer Action Network, a nonprofit, patient-based advocacy organization, is trying to raise awareness about one of the nation’s deadliest cancers with its upcoming PurpleLight on Oct. 25 in Phoenix. The… Read More →

LA company purchases multifamily complex for $47.5M


TruAmerica Multifamily in partnership with an institutional investor, has completed the purchase of Trevi, a 290-unit community in Chandler, AZ, in an off-market transaction valued at $47.5 million. The acquisition represents TruAmerica’s second in the greater Phoenix area. “There are quite a few areas, particularly in the western United States, that are starting to match… Read More →

LiveOps to open new offices at SkySong


LiveOps, the global leader in cloud contact center and customer service solutions, is opening new offices at SkySong, The ASU Innovation Center. LiveOps, headquartered in Austin, Texas, supports a wide range of industries, including financial, health care, insurance, retail and high tech, revolutionizing the way traditional call centers interact with customers. LiveOps serves more than… Read More →