Featured Archives

Colliers completes $3.75M sale of Scottsdale shopping center

Village at Via Linda

Colliers International in Greater Phoenix recently sold Scottsdale’s 35,733-square-foot Village at Via Linda shopping center for $3.75 million as part of a 1031 exchange. Arizona Partners of Phoenix, a real estate developer and investment firm, purchased the center, 8989 East Via Linda, from Village of Via Linda LLC of Los Angeles. Colliers’ Scottsdale office brokered… Read More →

More than 75 companies launched based on ASU innovations

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ASU spinouts (and their sub-licensees) have raised more than half a billion dollars in external funding of ASU Innovations. ASU startups now employ more than 350 people in Arizona alone. Significant 2015 Investments for ASU Startups: Fluidic Energy – Rechargeable zinc-air battery developer with R&D and manufacturing facilities in North Scottsdale. HealthTell – First diagnostic platform… Read More →

JLL sells $300M mixed-use business park in Phoenix

TEN Aerial

The Phoenix office of JLL has completed a land deal that assembles 215 acres at I-10 and 83rd Avenue in Phoenix for TEN – a mega $300 million mixed-use business park. When complete, the project will become the largest freeway industrial employment site in Phoenix. Irwin Pasternack serves as the property owner, architect and developer. JLL Managing Directors… Read More →

TGen finds gene giving children appearance of aging

Krauss Honored For Science

Researchers at the Translational Genomics Research Institute (TGen)have identified a genetic mutation associated with the appearance of premature aging and severe loss of body fat in children. TGen’s Center for Rare Childhood Disorders found that the appearance of premature aging, a neonatal form of Progeroid syndrome, in a 3-year-old girl was caused by a mutation… Read More →

SRP ranks highest among residential customers

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Salt River Project’s electric customers continue to give SRP higher marks for customer satisfaction, according to a study issued today by J.D. Power. With an increase of 8 index points from a year ago, SRP ranks highest for residential electric service in the western United States among Large electric utilities for the 14th consecutive year. With… Read More →

$6.5M land transaction leads to new Mesa industrial park

Reviving the Construction Industry

Metro East Valley Holdings, LLC, a joint venture between Tempe based Metro Commercial Properties, Inc., and a private REIT managed by Principal Real Estate Investors, Des Moines, IA, completed the purchase of 21.5 acres of land fronting the US 60 Superstition Freeway in Mesa, Arizona, for a planned four building light industrial development. The seller… Read More →

MORE Foundation launches veterans assistance program

Veterans - Job Training

Veterans now have a way to get to their medical and physical therapy appointments thanks to a new transportation pilot program.  The MORE Foundation (Musculoskeletal Orthopedic Research and Education), a non-profit organization that envisions a world full of active people, launched a 90-day pilot program called the Veterans Transportation Assistance Program (V-TAP).  The program is designed to… Read More →

Cushman & Wakefield negotiates DialAmerica lease in Phoenix

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Cushman & Wakefield of Arizona, Inc. negotiated a long-term sublease for DialAmerica Marketing, Inc. at Riverpoint, located at 3100 E. Broadway Rd. The transaction is for a new DialAmerica call center in the Valley. DialAmerica, headquartered in Mahwah, N.J., will occupy 50,267 square feet of office space at Riverpoint Building No. 2. The company’s lease… Read More →

W.J. Maloney Plumbing adds Sky Harbor project

Sky Harbor Terminal 3 exterior

W.J. Maloney Plumbing has been selected to provide plumbing contracting services for Component I of the $590 million renovation of Terminal 3 at Phoenix Sky Harbor International Airport. The three-stage renovation project is expected to be completed in 2020.  Component I includes a major renovation of the Terminal 3 Processor building, including the mezzanine, passenger,… Read More →

AZRE Source: Planning & Zoning Update July/August 2015

123rf.com:  Ioulia Bolchakova

City of Avondale The City of Avondale has announced that the Development and Engineering Services Department has created and enabled a web based software that will allow anyone to submit applications online and receive approvals digitally. The site is called Accela Citizen Access (ACA) and Electronic Document Review (EDR). ACA & EDR allows Development and Engineering… Read More →

Australian company buys Las Vegas retail center for $23.4m

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DTZ, a global leader in commercial real estate services, has announced the $23.4 million sale of Las Palmas Village in Las Vegas on behalf of the seller, Donahue Schriber Realty Group of Costa Mesa, CA. DTZ Executive Managing Directors Ryan Schubert and Michael Hackett of Phoenix represented Donahue Schriber in the investment sale. The buyer… Read More →

Best Western CEO David Kong launches blog

123rf.com: pixelbliss

With more than 40 years of experience in the travel sector and the longest tenure of any major hotel brand CEO, Best Western International President and CEO David Kong has a unique view from atop the hotel landscape. Kong will share his perspective – along with the personal stories that have defined his leadership journey… Read More →

Phoenix Canstruction to benefit St. Mary’s Food Bank Alliance

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The Arizona chapter of the Society for Marketing Professional Services (SMPS) is hosting the 9th Annual CANSTRUCTION® Design Build Competition, August 8, 2015, through August 22, 2015, at the West Building of the Phoenix Convention Center. The event is free to attend and all proceeds benefit St. Mary’s Food Bank Alliance. CANSTRUCTION® is a charity… Read More →

GPEC attracted 6,200 jobs during last fiscal year

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The Greater Phoenix Economic Council (GPEC) saw another record-breaking year for the Greater Phoenix region as GPEC worked with its 22 member communities with the location and expansion of 32 companies over the course of the fiscal year ending June 30th.    Those companies will add more than 6,200 jobs across Greater Phoenix during the… Read More →