AZRE Magazine Archives

Gilbert Square Apartments sells for $10.7M

Gilbert Square photo 1

Berkadia announced the recent loan origination and sale of Gilbert Square Apartments, a multifamily property located at 1821 E. Covina Street in Mesa, Arizona. Assistant Vice President Chad Williams of the Phoenix office originated the fixed-rate loan through Berkadia’s Fannie Mae Program. Senior Partner Mark Forrester, Partner Ric Holway and Vice President Dan Cheyne, also… Read More →

CPI sells 5 industrial acres in Phoenix

Land3502 New Brochure

Commercial Properties, Inc. has sold ±5 acres located at 3502 E. Roeser Rd. in Phoenix. Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Team represented the seller, Hadco Corporation, in this $1.58 million sale. The site offers convenient freeway access and is located south of Broadway Road and east of 32nd Street. … Read More →

Bobby Mendez joins Adolfson & Peterson Construction

May 6, 2015 by in AZRE Magazine | Newsmakers

Adolfson & Peterson Construction (A&P) is pleased added Bobby Mendez to the organization as Project Manager. “Bobby’s experience with varied project types, energy and competence make him a truly great addition to the A&P family,” states Jeff Keck, Vice President for A&P’s Arizona office. Mendez brings 10 years of local construction experience. He has managed projects… Read More →

Brokers for Kids surpasses $3M in fundraising overall


The annual Brokers for Kids was held April 24 at Scottsdale Stadium. There were 38 commercial real estate teams that competed in yearlong fundraising and the event’s Olympiad. The Olympiad was set up in the outfield of the stadium. Teams participated in toss football, bocce ball, Jenga, and baggo. In the end, the top four… Read More →

Furst Properties gets a new VP of property management

May 6, 2015 by in AZRE Magazine | Newsmakers

Furst Properties has promoted Tammy Gibbons to vice president of property management, overseeing the firm’s 661,000-square-foot portfolio of Class A commercial office buildings in Scottsdale. Gibbons, who oversees nine staff members, ensures the buildings stand out from other Class A office properties in the Valley, provides frequent communication with tenants and strengthens the firm’s customer… Read More →

Population growth to drive healthcare demand


THE BROADER VIEW The Greater Phoenix medical office market is being supported by demographic factors, with the expanding local population base fueling demand for healthcare services. These trends should continue in the years ahead, following a lull brought on by the recession. While the long-term sources of demand are in place, the healthcare industry continues… Read More →

Andy Romance to lead water team

May 5, 2015 by in AZRE Magazine | Newsmakers

Dibble Engineering added the new addition of Andy Romance, PE, as Senior Project Manager. Andy’s 29 years of progressive civil engineering design experience is combined with public policy-making government leadership and organizational management achievements. Andy’s diverse expertise will lead Water/Wastewater teams to best meet client needs and goals. Prior to joining Dibble, Andy was Principal… Read More →

North Scottsdale shopping center sells for $11.5M


Northsight Village Shopping Center, an 88,031 SF retail center built in 2001, sold for $11.5M. The property is located on Northsight Boulevard just north of Raintree Drive adjacent to The Home Depot, Costco, Sam’s Club, Walmart Supercenter, and is surrounded by millions of square feet of retail, office and residential as well as the Scottsdale… Read More →

The Shops at Town & Country adds new retail space


The corner of 20th Street and Camelback Road is getting a fresh look. The revitalization of this high-traffic corner is part of the redevelopment of The Shops at Town & Country that started in 2012 and has included removal of structures and additions of larger scale retailers. Throughout the last several years, The Shops at… Read More →

VIDEO: Colliers’ Rob Martensen competes in Lucas Oil race

Rob Martensen, Photo by Mike Mertes for AZ Big Media

AZRE magazine interviewed Colliers International in Greater Phoenix Senior Vice President Rob Martensen, who recently competed in the Lucas Oil Off Road Racing Series at Wild Horse Pass Motorsports Park in Chandler. Art Director Mike Mertes was there to film him in action on April 28. (Martensen is the blue vehicle before the end of… Read More →

Colliers: Scottsdale Airpark report details steady growth


James Keeley, SIOR, CCIM, founding partner and managing broker at Colliers International’s Scottsdale office recently released a 2030 Report for the Greater Scottsdale Airpark detailing commercial market changes in the past 30 years to the present. The Greater Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square footage… Read More →

Cushman & Wakefield: Industrial developers take action

Metro Phoenix 1Q Market Analysis

Developers are taking action in Phoenix’ industrial market, constructing on land that has been held in wait.  This is according to the first quarter industrial report released by Cushman & Wakefield of Arizona, Inc. “Mid-sized spaces are in short supply and developers are stepping up to fill the need,” says Jackie Orcutt, Senior Director with… Read More →

Office market poised for near term growth

Office Market

The economic environment over the next three years will be the best for the office real estate sector in more than a decade, according to Cushman & Wakefield’s 2015-2017 U.S. Office Review & Forecast, released today. In fact, the commercial real estate services firm anticipates that the combination of rising employment and incomes, strong consumer… Read More →

Rents spike as vacancy continues to tighten

THE BROADER VIEW The Greater Phoenix multifamily market continued to ride a wave of momentum to start 2015. Robust renter demand for units fueled another vacancy improvement, rents surged and sales prices posted additional gains. Healthy employment growth is the driving force behind renter demand, and the new units that are being delivered to the… Read More →