New to Market Archives

The Boulders announces new ownership at el Pedregal

el Pedregal shopping
by in AZRE Magazine | Multi-Family | New to Market | Retail

New ownership at el Pedregal brings new opportunities for tenants to join the one-of-a-kind outdoor shopping center anchored by the legendary Boulders Resort. Considered to be a niche shopping destination, the iconic el Pedregal is distinguished by its architecture, variety of shops, dining and an outdoor entertainment area that draws winter visitors, snowbirds, local residents… Read More →

WSS Footwear retailer expands footprint in Phoenix

Mesa Store Opening 3
by in AZRE Magazine | New to Market | Retail

Velocity Retail Group’s Darren Pitts and Andy Kroot represented WSS Footwear, an urban specialty footwear retailer, in their Arizona expansion this month with one new store opening in Mesa and two stores opening in Phoenix. Each of the stores range in size from 10,000 – 12,000 square feet. “WSS is continuing its corporate growth plan to… Read More →

Capital One issues $2.6M Freddie Mac loan to refinance RV Park


Capital One has provided a $2.625 million Freddie Mac fixed-rate loan to refinance Palm Drive Mobile Home and RV Park, a manufactured housing community (MHC) in Wickenburg, Arizona, part of the Phoenix MSA. Senior Vice President Chad Thomas Hagwood, head of Capital One Multifamily’s Birmingham, Alabama office, originated the transaction.  The borrowers have over 32… Read More →

BI closes redevelopment play in Phoenix’s Uptown District

Idle-Hours Press Release Pic

ABI Multifamily announced the $2,825,000 sale of the Idle Hours Apartments, a 28-unit apartment community located in Phoenix, Arizona. Idle Hours Apartments is a low density one-story apartment community, originally built in 1956 and comprised of all two bedroom/one bath apartments with an overall average size of approximately 864SF. The property features all brick construction,… Read More →

Shea Homes starts construction on Ahwatukee condos


Shea Homes Arizona recently broke ground on model homes at its Vantage condominium community. Six model homes will be built featuring updated and re-engineered home designs for those looking for a lower maintenance home. Located on the northwest corner of 5th Ave. and Chandler Blvd. in Ahwatukee, the 69 condos at Vantage will range from 1,432… Read More →

Historic El Cortez to be redeveloped into microapartments

El Cortez

CBRE has completed the sale of most of the units in the historic El Cortez condominium complex in midtown Phoenix. The sale included 146 of the 165 units in the complex for a sale price of $6.4 million. Brian Smuckler and Jeff Seaman with CBRE’s Phoenix office represented the seller, El Cortez Condominiums, LLC of… Read More →

Colliers assists Veterans Affairs with health center lease

Jonathan Ammon of

Colliers International in Greater Phoenix recently assisted the U.S. Department of Veterans Affairs in securing a long-term office lease in the 80,814-square foot Estrella Health Center in Phoenix. The Phoenix VA leased the 4th floor of the building, located at 9250 W. Thomas Road, from Legend Real Estate Management with corporate offices in Los Angeles.… Read More →

$350M luxury condos break ground at Silverleaf

The Sterling Collection

The Sterling Collection at Silverleaf, one of the largest residential projects in the Southwest, broke ground last week during a ceremony to celebrate the start of construction at the $350 million development by Cypress Development Group. Situated within the 2,000-acre Silverleaf neighborhood, The Sterling Collection is an intimate enclave with five, four-story buildings. Priced from… Read More →

Avenue5 leases entire floor at Anchor Centre West


Avenue5 Residential recently signed a long-term office lease for the entire 2nd floor at Anchor Centre West, 2201 E. Camelback Rd., Phoenix. Adam Tolson, Principal with Lee & Associates secured the tenant, Avenue5, who will take possession of the 17,974 SF, turn-key space early in 2016. Chris Walker, Michael Beall and Sean Spellman with Cushman & Wakefield… Read More →

Industrial facility will be leveled for office building

4039 E Raymond
by in AZRE Magazine | New to Market | Office

A 64,856 SF manufacturing building at 4039 E. Raymond St. in Phoenix recently sold for $3,600,000 ($55.51 per SF) to make way for a 90,000 SF office building. The property sits on 6.95 acres, strategically located at the NEC of I-10 and 40th St., just south of Phoenix Sky Harbor International Airport. Originally built in the… Read More →

Bryan Cave and Berkeley Research lease at Renaissance Square

Renaissance Square 2

Hines, the international real estate firm, announced it has renewed Bryan Cave’s long-term 38,878-square-foot lease and signed a new 6,244-square-foot lease for Berkeley Research Group, LLC at Renaissance Square. Bryan Cave, a law firm with more than 135 employees, has been located at Renaissance Square for 17 years. “We are pleased to renew our lease… Read More →

C&W | PICOR rolls out more November transactions Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage | New to Market

SALE AVIVA Children’s Services, Inc. purchased a 7,373 square foot industrial building at 821–825 E. 47th St. in Tucson from BOKF, National Association, dba Bank of Oklahoma, for $370,000.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Terry Lavery with Tucson Realty & Trust Company, represented the buyer in this… Read More →

60 days of multi-million dollar transactions for Sperry Van Ness Alexey Kuzin

The Sperry Van Ness Phoenix location is hitting it out of the ballpark lately. The last sixty days have been the commercial real estate playoffs for this team and several advisors made several strong plays to end up with a winning trophy. September was action-packed month for the same seven advisors closing significant deals such… Read More →

Dared 89 buys future Valley office building for $3.6M

4039 Raymond

Dared 89 LLC (dba Douglas Allred Company) of Cushman & Wakefield purchased a ±64,853 square foot industrial building at 4039 E. Raymond Street in Phoenix for $3.6 million. The San Diego-based full-service real estate firm announced plans to tear down the existing building and develop Allred 40, a ±90,000 square foot, two-story office building. Cushman &… Read More →