New to Market Archives

4-story offices sell for $5.5M near 7th Street and Bethany Home Road

The 4-story office in Phoenix near 7th Street and Bethany Home Road at 5727 N. 7th Street in Phoenix. (Photo courtesy of Davis Enterprises)
by in AZRE Magazine | Office

A four-story, 46,326-square-foot multi-tenant office building located at 5727 N. 7th St. in Phoenix has sold for $5.5 million, according to Davis Enterprises sellers of the building. The buyer, Gary Hewson Jr. of Hewson Investment Group, acquired the property and was represented by Patrick Burch of ABI Multifamily. The 2.26 acre property is in the middle of… Read More →

Industrial building at Freeport Center sells for $4.7M

Freeport Center
by in AZRE Magazine | Industrial

Four Lee & Associates brokers recently negotiated the $4,700,000 all-cash sale of a 75,786-square-foot industrial warehouse building at Freeport Center, 5520 W. Maricopa St., Phoenix. The price per-square-foot was $62.02. Lee & Associates Principals Allen Lowe and Steve Farrell negotiated on behalf of the seller, Maricopa-Phoenix (KBP), LLC. Principals Rick Robertson and Scott Smith represented… Read More →

Construction starts on Tempe mixed-use project at University Drive and Forest Avenue

the-opus-group_rendering_tempe-mixed-use-project-2
by in AZRE Magazine | Construction | Mixed-Use

The Opus Group started construction on a 407-unit residential and retail mixed-use development in Tempe. The project covers nearly an entire city block on the northwest corner of University Drive and Forest Avenue and will transform a surface parking lot into high-rise apartments and retail. The project is owned by a joint venture partnership between Opus… Read More →

Walgreens anchored shopping center sells for $14.75

Walgreens
by in AZRE Magazine | Retail

Cushman & Wakefield negotiated the sale of Bell Tower Village, a Walgreens anchored community shopping center located on the southeast corner of Bell Road and 51st Avenue in Glendale, Ariz., which sold for $14.75 million. New Bell Tower LLC – a company formed by DPC Development Company, purchased the shopping center. Cushman & Wakefield Executive Managing… Read More →

Westgate will add more than 100 jobs with newest office tenant

Westgate entertainment district
by in AZRE Magazine | Office

Westgate Entertainment District will welcome more than 100 new jobs when its newest office tenant, Ring, opens a Customer Service Center at the district in March 2017. This will be the second Valley location for California-based security company, which has a location in Scottsdale. Ring’s flagship product, Ring Video Doorbell, is a unique security solution… Read More →

Daum negotiates $1.9M Phoenix industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services negotiated the $1.9 million sale of a 78,171-square-foot office/warehouse building set on 4.8 acres located at 4645 W. Van Buren St. in Phoenix. Skip Corley with Daum Phoenix represented the seller, Nebraska-based BM&J Phoenix LLC, in the fully-leased investment sale transaction. The buyer of the office facility was Gonzales Family Trust… Read More →

CBRE helps Liftable Media buy new corporate HQ

CBRE
by in AZRE Magazine | Office

Digital publisher Liftable Media Inc. purchased approximately 27,000 square feet of office space at Venture Court, located in the heart of Anthem, Arizona, for $1.98 million, according to CBRE. Originally constructed in 2008, Venture Court Building F is a 2-story office space that prior to being purchased by Liftable Media remained in shell condition. West Coast… Read More →

Orcutt | Winslow relocates HQ next door on Central Corridor

Orcutt | Winslow
by in AZRE Magazine | Brokerage | Office

The Phoenix office of JLL has completed a 21,390-square-foot, long-term lease that relocates the corporate headquarters of Orcutt | Winslow into a new building on the Central Corridor, continuing the architecture, planning and interior design firm’s decades-long presence in metro Phoenix’s Central Business District. The new lease moves Orcutt | Winslow from Phoenix Corporate Center, at 3003 N. Central Ave., into… Read More →

Downtown Tucson lands first hotel in 30 years

A rendering of the AC Hotel Tucson by Marriott, which will be the first hotel built in Downtown Tucson in more than 30 years.(Provided rendering)
by in AZRE Magazine | Hospitality

In the last 10 years, Downtown Tucson has seen massive revitalization. New restaurants, the renovation of historic theaters, the modern streetcar line and retail have brought the district back to life. The one thing missing? A modern hotel. If fact, AC Hotel Tucson by Marriott will be the first hotel built in Downtown Tucson in… Read More →

Scottsdale Fashion Square announces big renovation plans

Scottsdale Fashion Square will add to its luxury reputation with a striking new entrance and arrival point. (Provided rendering by Scottsdale Fashion Square)

Enhancements to Luxury Offerings Will Be First Phase; Louis Vuitton Announces Major Store Renovation in 2017   Macerich, one of the nation’s leading owners, operators and developers of one-of-a-kind retail properties in top markets, today announced a phased project to further enhance the iconic Scottsdale Fashion Square. Plans include a renovation of the luxury wing followed… Read More →

Norris Design taps into Downtown Warehouse District via relocation

Norris Design's Phoenix offices will be located at 901 E. Madison St. in the heart of the Downtown Phoenix Warehouse District. (Photos provided by Norris Design)

Norris Design, a national landscape architecture, planning, and project promotion firm decided the best way to capitalize on the growth of the Phoenix Metro market was by moving into the heart of it. The company recently purchased a warehouse — located just east of Chase Field and totaling 12,400 square feet — at 901 E. Madison St., which it plans to renovate… Read More →

Opus Airport Industrial Development sold

Opus

The Opus Group  sold Opus Airport Industrial, a 393,300-square-foot Class A warehouse and distribution center it recently completed. The building was sold to an entity formed by Principal Real Estate Investors, a subsidiary of the global asset management company Principal Financial Group. Opus reports it is unable to disclose the project’s cost or sale price. The… Read More →

Chandler industrial facility sells for $2.456M

Chandler industrial facility
by in AZRE Magazine | Industrial

NAI Horizon Senior Vice President Jeff Adams represented the buyer, Phoenix-based Marx Properties LLC, in the $2.456 million sale of a 26,199-square-foot industrial building at 4151 W. Lindbergh Way in Chandler, Ariz. The property sits on 1.83 acres along the Loop 202 with proximity to Stellar Airpark. It will be used for corporate event planning… Read More →

Denver developers announce plans for McDowell Medical Commons

McDowell Medical Commons
by in AZRE Magazine | Medical

Denver-based National Healthcare Realty and Development announced plans to build McDowell Medical Commons, a medical office building to be located at 10650 W. McDowell Rd. in Avondale. “This building will be strategically located in the health-tech corridor of Avondale,” says Rachael Thompson, senior associate of Colliers International in Greater Phoenix. The project will be located near Banner… Read More →