AZRE Magazine Archives

Scottsdale Executive Office Center signs new tenants

Scottsdale Executive Office Center, Courtesy of Cushman & Wakefield of Arizona
September 22, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cushman & Wakefield of Arizona, Inc. negotiated 21,085 square feet of new leases at Scottsdale Executive Office Center, 15880, 15990 and 16100 N. Greenway-Hayden Loop. Ingram Micro, Inc., a Santa Ana, Calif.-based firm, opened a technology incoming call center and occupies 14,926 SF. PHX Architecture relocated from a central Scottsdale location into 6,159 SF. “The… Read More →

NAIOP Arizona announces opposition to Prop 480

Arizona Health Care Cuts, AHCCCS

The NAIOP Arizona board of directors has unanimously opposed Prop 480, an item on the Nov. 4 general election ballot that asks Maricopa County voters to approve a $1.4 billion general obligation bond over 27 years for the Maricopa Integrated Health System (MIHS). If passed, Prop 480 would be the third largest bond issuance in… Read More →

Colliers International hires first mission critical data center expert

data center to be built in price corridor in chandler

Colliers International in Greater Phoenix has hired Michael Ortiz, its first mission critical and data center expert, to help capture the data center construction market which is expected to boom to $20 billion in the U.S. and $80 billion globally by 2020, according to a 2011 Data Center Knowledge article. Construction for data centers, the… Read More →

Superstition Springs Business Park trades for $13.98M

Superstition Springs Business Park
September 21, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Lee & Associates is pleased to announce the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $13,985,000 or $137.90 per SF. Total SF for the project was 101,411 SF. The transaction closed on September 12. Lee & Associates Arizona brokers facilitated both sides of the… Read More →

Vestar celebrates 25th anniversary

rsz_tempe-marketplace-01

Vestar, the largest privately held retail developer in the western US, is celebrating 25 years of creating and managing shopping and entertainment destinations. Today, Vestar owns and operates more than 23MSF of retail property located across several western states. The company’s most noteworthy projects include Desert Ridge Marketplace, the award winning 1.2 million square foot… Read More →

Berkadia negotiates $21.5M for multifamily acquisition

Sierra Ranch Apartments Photo, Berkadia, WEB

The Phoenix office of Berkadia Commercial Mortgage LLC (Berkadia) recently negotiated the financing and acquisition of Sierra Ranch Apartments, a multifamily property located in Phoenix. Senior Vice President Charlie Williams worked with the borrower to secure a $21.5 million, 10-year, fixed-rate acquisition loan through a life company correspondent, while Senior Partner Mark Forrester and Partner… Read More →

Gold Canyon Candles signs 3-year lease in Chandler

Gold Canyon Candles signs lease at 6205 S. Arizona Ave., in Chandler, Ariz.
September 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

An Arizona-based company signed a 36-month lease for 42,000 SF at the Gold Canyon Candles Building at 6205 S. Arizona Ave. in Chandler, Ariz. Lee & Associates principals TJ Swearengin, Stein Koss, SIOR and Tom Louer, SIOR, represented the landlord, Gold Canyon Candles, which occupies a majority portion of the 212,070 SF warehouse building. Andy… Read More →

HFF finances multifamily property in Chandler, Ariz.

San Brisas

HFF announced that it has arranged financing for two garden-style multi-housing communities – San Brisas in Chandler, Arizona and The Preserve at Arbor Hills in Plano, Texas. HFF worked on behalf of Pure Multi-Family REIT LP, to secure the seven-year loan through Northwestern Mutual.  Loan proceeds were used to acquire the properties. San Brisas is… Read More →

BH Properties acquires Shasta Beverages warehouse in Phoenix

BH Properties, WEB

BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix, for $1.9 million. The all-cash deal closed in 18 days. “This property presented a prime investment opportunity as we are actively… Read More →

Solar Solutions AZ buys three industrial buildings, recent PICOR transactions

Retail Service Systems, Inc. leased 18,424 square feet at 1150 S. Plumer Ave. in Tucson.
September 19, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield | PICOR announced the following recent transactions: Retail Service Systems, Inc. leased 18,424 square feet at 1150 S. Plumer Ave. in Tucson from Antonio Gonzalez.  Paul Hooker and Ron Zimmerman, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. ___ Solar Solutions AZ, LLC purchased three industrial… Read More →

City of Phoenix opens RFP for Adams Street Corridor

Phoenix Convention Center, GoGreen Conference 2011

The city of Phoenix is seeking proposals from proposers who can help revitalize the Adams Street corridor in downtown Phoenix.  Proposals that would rejuvenate the area along Adams and Second streets, adjacent to the Phoenix Convention Center and downtown hotels are highly encouraged. Proposers should address how their business will create vibrant places and active… Read More →

Hacienda Healthcare to break ground on children’s hospital

Hacienda, WEB

On Monday, Sept. 22, at 11 a.m., Hacienda HealthCare and RJM construction will host the groundbreaking ceremony for the new 24-bed, 20,900-square-foot children’s hospital in Mesa, Ariz. The hospital, located at 610 W. Jerome Ave., will feature: Four themed patient wings with unique floor cuts and patient room headwalls to synchronize with the themes Four… Read More →

Peoria Marketplace sells for $5.1M

Peoria Marketplace
September 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of Peoria Marketplace, a ±25,481-square-foot multi-tenant shopping center in Peoria, Ariz. The grocery shadow-anchored retail property is located at 7521, 7549 and 7611 West Cactus Road and commanded a sale price of $5.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction between the seller, G… Read More →

Paul Schoeffler joins Adolfson & Peterson Construction

Adolfson & Peterson Construction (A&P) announced the addition of Paul Schoeffler as senior preconstruction manager for the Southwest region. Schoeffler has over 35 years of experience within the commercial construction industry, primarily in preconstruction roles with large commercial contractors.  Schoeffler will be responsible for working with clients to provide initial conceptual estimates, constructability reviews, and… Read More →