AZRE Magazine Archives

Four property portfolio sells for $41.5M

by in AZRE Magazine | Multi-Family

Marcus & Millichap (NYSE: MMI), negotiated the sale of the Greater PHX IV Portfolio, a four-property, 748-unit, real-estate-owned portfolio located in Phoenix and Mesa, Arizona to Western Wealth Capital LTD, a Vancouver, Canada-based multiple-unit rental property investment firm. The total sales price for the portfolio is $41.5 million. “This portfolio has great geographic diversification throughout metropolitan… Read More →

SSGT acquires Phoenix self-storage development

by in AZRE Magazine | Industrial

Strategic Storage Growth Trust, Inc. (SSGT), closed on its first “certificate of occupancy” transaction, a South Mountain Village area property in Phoenix. “We are excited to complete our first top-of-the-line, brand-new facility in a prime market like Phoenix,” said H. Michael Schwartz, chairman and CEO of SSGT. “We are already receiving a high degree of… Read More →

NOVO Development adds Stephen Hulston

Stephen Hulston
by in AZRE Magazine | Construction

Stephen Hulston has joined NOVO Development of Scottsdale and will oversee the company’s cost estimating, pre-construction and development activities. Hulston brings almost three decades of construction experience to NOVO having most recently served as vice president/business unit leader for Balfour Beatty Construction. He managed Arizona operations for the construction company, including all financial, design, construction… Read More →

Keyser adds veteran real estate attorney Roger Owers

by in AZRE Magazine | Newsmakers

Keyser has added veteran real estate attorney Roger Owers to its rapidly growing industrial practice group as a commercial real estate advisor.  Mr. Owers brings 15 years of commercial real estate legal experience to Keyser, and will be responsible for helping to service Keyser’s rapidly expanding local, national and global client base. “We are very pleased… Read More →

Arcadia apartments sell for $3.1M feverpitched
by in AZRE Magazine | Multi-Family

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, negotiated the sale of the Horizons at Arcadia Apartments a 51-unit, apartment community for $3,100,000 or $48,750 Per Unit. Originally built in 1985, Horizons at Arcadia Apartments is comprised of three contiguous buildings that are constructed of block and wood with flat roofing. Over the last… Read More →

8 acres in Chandler sell for $2.4M

by in AZRE Magazine | Site Selection

Colliers International’s  greater Phoenix office negotiated the sale of approximately eight acres of PAD-zoned land in Chandler, for $2,433,261 million or approximately $6.98 per square feet. The parcel is located north of the northeast corner of Juniper Drive and Chandler Boulevard within Chandler Corporate Center. Greg Hopley, executive vice president in Colliers’ Scottsdale office, represented… Read More →

Gould Evans Looks back on 20 years

Gould Evans

While some people may view architecture as simply a design, Gould Evans Phoenix has proven throughout the past 20 years that it is dedicated to taking on projects that have community impact. As Gould Evans approaches its 20th anniversary in Phoenix, Principal and Board Chair Trudi Hummel says, the company continues to evolve. “In 1996,… Read More →

New York Life Insurance Company buys Phoenix building

New York Life Insurance Company
by in AZRE Magazine | Industrial

Cushman & Wakefield completed the sale of Phase 1 at 10 West Logistics Center, 6200 W. Van Buren St. The buyer is an entity owned by New York Life Insurance Company. The sellers are Phoenix-based Wentworth Property Company (“WPC”) and Crow Holdings Capital of Dallas, joint venture partners in the development. Cushman & Wakefield Executive Managing Director Andy… Read More →

Slideshow: Downtown’s latest hip apartments, Proxy333

Proxy333 header
by in AZRE Magazine | Multi-Family

Some were miffed when the the original building where Proxy333 now stands was torn down, but they’d be excited to hear the upcoming luxury apartments are still paying homage to what once was. The Tilton Development Company and Goodman Real Estate developers commissioned local muralist Such Styles to work on murals at the new apartments,… Read More →

Berkadia completes midtown Phoenix multifamily sale

by in AZRE Magazine | Multi-Family

Berkadia completed, Wednesday, the sale of Barrington Regent, a Class B rental community in Phoenix. The $11 million sale was completed on May 18, and reflects a $88,709 per-unit price. Located at 825 W. Osborn Road, Barrington Regent is less than a mile from the Metro Light Rail and approximately one mile from the Downtown… Read More →

HFF expands presence by opening Phoenix office

Downtown Phoenix, Photo: Flickr, squeaks2569
by in AZRE Magazine | Newsmakers

Holliday Fenoglio Fowler, L.P. (HFF) is expanding its western U.S. presence by opening an office in Phoenix with a focus on debt and equity placement as well as investment sales serving Arizona and the greater southwest region. The opening of this office will represent HFF’s 23rd location in the U.S. Day-to-day operations of the Phoenix office, which… Read More →

Sundt donates 150k water bottles to St. Joseph


Sundt Construction Inc., with help from its subcontractors and suppliers, hosted its seventh annual Thirst Aid water drive, delivering a semi-truck-load of nearly 150,000 bottles of water to St. Joseph the Worker, a Human Service Campus agency, on Friday, May 20. As Phoenix’s summer temperatures hit triple digits, employees from Sundt’s corporate headquarters in Tempe,… Read More →

Daum negotiates $5.6M industrial sale

by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $5.6 million sale of two industrial buildings located in Price Road Industrial Park in Chandler. The sale includes a 43,549 square-foot facility located at 2805 W. Frye Rd. and a 25,184-square-foot building located at 315 S. Bracken Ln., across five acres. Rich Sica with Daum Phoenix represented the seller,… Read More →

Photos: Newport at Tempe brings beach-style living to Valley

The Newport
by in AZRE Magazine | Multi-Family

The border between North Tempe and South Scottsdale just got a little bit cooler with the addition of The Newport at Tempe, a new luxury home community by Newport Beach-based Risi Development. The latest phase of The Newport shows its 38 new single-family homes that brings California beach house-style living to one of the Valley’s most… Read More →