New to Market Archives

Work underway on first phase of Skyline Regional Park

Skyline Regional Park
August 3, 2015 by in AZRE Magazine | Construction | New to Market

The Phoenix office of Skanska has started work on Phase One of the 8,675-acre Skyline Regional Park in Buckeye, Ariz. The $3.95 million project for the City of Buckeye includes roadway construction, park features including entry gate house, entry gate monument and gates, ramadas, rest rooms and a pedestrian/equestrian bridge across the Skyline Wash. The… Read More →

New Porsche dealership breaks ground in Chandler

Porsche

Porsche Chandler announced the groundbreaking of its all new, state-of-the-art Porsche dealership, located at 1010 South Gilbert Road in Chandler, Ariz. The Ceremony was presided over by Richard Cvijanovich, the dealership’s Owner & Operator, and attended by over 100+ participants, including Porsche Cars North America executives, City of Chandler dignitaries, and Arizona Porsche Club members and… Read More →

Bahia in Scottsdale Airpark breaks ground

Bahia

Scottsdale-based developer, SAXA, Inc. and Caliber Companies groundbreaking ceremonies were held July 23rd for the new Bahia 101 Class-A Building. This event marks the development of North Scottsdale’s first commercial Class-A building in over 5 years. Planned for 40,000 square feet of space, the new 3-story commercial office building is on a 2.5-acre site, located within Horseman’s… Read More →

Cashen signs two leases within their 1,700,000 SF portfolio

123rf:  Andriy Popov

The first lease was signed at Mesa Fiesta Center located at Alma School Road and the U.S. 60 in Mesa.  A 25,000 s.f., ten year lease was finalized with the Feed My Starving Children organization.  The charity feeds 1,000,000 starving children around the world each year in 70 countries.  In 2014, they had over 900,000… Read More →

Phoenix Children’s expands to Biltmore Commerce Center

Best Public, Commercial Buildings - AZRE Magazine September/October 2011

Phoenix Children’s Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management expert Lincoln Property Company (LPC) and a fund managed by Oaktree Capital Management, L.P. (Oaktree). The company will move into Biltmore Commerce Center next month,… Read More →

Acquisition of Chandler office condo unit sells for $862K

Justin

Southgate Commerce Center II recently sold for approximately $862,000.  Senior Advisor, Justin Horwitz with Sperry Van Ness, LLC in Phoenix represented a client into the acquisition of an office condo unit at 7415 W. Boston St., Chandler, AZ 85226.  This transaction involved a sale leaseback.  The Seller was represented by Matt Leonard with Levrose Real… Read More →

Colliers International announces recent transactions

Oak Tree Park

3333 Dunlap Associates LLC, formed by Bear Holdings Group LLC (Gary Saterbak, et al, principal) paid $8,064,000 ($28,000 per unit) to purchase the 288 unit Copper Glen apartments located 3333 W. Dunlap Ave. in Phoenix. The seller was Copper Glen Partners LP, a limited partnership in Vancouver, BC, Canada (Eyhan Caldwell, principal). The deal was… Read More →

ORION announces two multifamily transactions in Phoenix

Maryland East Apartments

ORION Investment Real Estate has announced the sale of two small apartment communities located in the Phoenix MSA. Located off the Loop 202 Freeway and Van Buren Street, Belaflora Condominiums sold for $1,255,000 or $83,667 per unit. This 15-unit portfolio sale of Class “A” Condos is part of a larger 185-unit complex within a strong… Read More →

Scottsdale’s Engel & Volkers partners with Bosa Development

real estate market

Bosa Development, the foremost leader in superior quality, luxury, design-focused waterfront residential living and S&P Real Estate have partnered with world-renowned Engel & Völkers Scottsdale to introduce Arizona residents to Bosa’s newest bayside project in San Diego, Pacific Gate. Engel & Völkers‚ Sandra Wilken, franchise broker and brokers Babbi Gabel and Mary Grassl are heading… Read More →

Multifamily property to be reverted to townhomes

Valencia-02

CBRE has completed the sale of a rental property in North Central Phoenix. The Valencia Townhome community, located at 550 West Maryland Avenue, commanded a sale price of $6.59 million. CBRE Multifamily Investment Properties’ Brian Smucker and Jeff Seaman negotiated the transaction. The buyer was Valencia Townhomes, LLC of Scottsdale, Arizona. The seller was American… Read More →

Berkadia sells Mountain Top Village for $2.1M

Mountain Top Village photo

Berkadia has announced the sale of Mountain Top Village, located at 4850 South White Mountain Road in Show Low, Arizona. Managing Director Chuck LaBenz, Senior Director Greg Thielen and Associate Bryan Mummaw of the Phoenix office negotiated the transaction. Mountain Top Village sold for $2.1 million on July 10, 2015. The sales price reflects a… Read More →

Sun State Builders completes new distribution warehouse

CorLiving Distribution LLC Rendering

Sun State Builders (SSB) has announced the completion of a new 100K Sq ft. warehouse for CorLiving Distribution LLC. in Tolleson, AZ. The end user client, CorLiving, is based out of Surrey, British Columbia. The facility features concrete tilt construction, 30 ft. clear height, ESFR sprinkler system, (16) 48” truck docks with pit levelers. The… Read More →

Sperry Van Ness announces $2.24M in recent transactions

lease

SALE SKS, LLC. has purchased 6,895 square-feet at Southgate Commerce Center II for $861,875.00 from TTDC, LLC., located at 7415 W. Boston St. in Chandler, AZ.  The buyer was represented by senior advisor, Justin Horwitz with Sperry Van Ness, LLC in Phoenix. Rebecca Damian from Grand Cayon Title handled the recent transaction. LEASES Mary Ridberg and Rommie… Read More →

Solano terrace buys Sonoma Grand apartments for $12.25M

sonoma grand

Solano terrace LLC in Phoenix (Zev Hendeles, principal) paid $12.25 million ($42,535 per unit) to buy the 288-unit Sonoma Grand apartments located at 4715 N. Black Canyon Highway in Phoenix. The seller was Ridge Apartments LLLP, a limited partnership formed by Mentor Properties Inc. in Scottsdale (Cal DeSouza, Frank DeSouza, principals). The deal was brokered… Read More →