AZRE Magazine Archives

Former Nimbus Brewery building sold for more than $1.4M

Craft beer
August 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million, or $168 per square foot. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated on behalf of the seller, McMahon Properties, LLC of Tucson.… Read More →

ABA Member Spotlight: Marty Hedlund

Photo by Robin Sendele, Az Big Media

Marty Hedlund Sr. vice president and Southwest district manager, Sundt Construction, Inc. Years in construction: 32 Years at Sundt: 31 Years as an ABA member: Since the beginning! Sundt was involved in the merging of AGC Building Chapter and the ABC organization into the ABA. Role at Sundt: I lead about 100 talented employee owners… Read More →

UA’s Dr. Cecilia Rosales appointed to binational health network

health.innovation

Cecilia Rosales, MD, MS, assistant dean of the University of Arizona Mel and Enid Zuckerman College of Public Health — Phoenix, was appointed to the Academic Technical Council (ATC) of the Binational Border Health Network (BBHN). The network is comprised of experts from 10 border states to improve response to the challenges posed by public health conditions on the U.S.-México Border. Funded… Read More →

Three national restaurant users coming to Las Plazas at Old Vail

Las_Plazas_at_Old_Vail_PHOTO

Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed its first wave of restaurant users. CBRE has recently completed the sale of the first three lots and the development will soon be home to a Taco Bell, Native Grill and… Read More →

How To Master LinkedIn

123rf.com: prykhodov

Crystal Washington, owner of CWM Enterprises, is a social media guru. She has helped large companies such as Google and Microsoft harness the utility of the Internet’s networking tools and find freedom from any hesitation professionals have about promoting themselves on a limitless stage. Here are her top tips for women in commercial real estate.… Read More →

Colliers International completes sale of 1,114-Unit portfolio

rsz_propertymanagement

The Cooke Multifamily Team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, AZ 3 multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56. The size of this Class A and Class B+ portfolio attracted attention from investors around the world. The deal was awarded to an… Read More →

LGE completes Pomo at Gilbert’s Heritage Marketplace

Pomo

LGE Design Build has completed tenant improvement construction for the 2,600-square-foot Pomo Pizzeria Napoletana at Heritage Marketplace in Gilbert. The restaurant features a 6,000-pound, wood-fire pizza oven imported from Italy with hand-crafted stone. In addition, the authentic Italian restaurant features a bar and outdoor seating. “As one of the restaurant hotspots in the Valley, Heritage… Read More →

I-10 West business center sells for $5.5 Million

I-10 West Business Center

DTZ has announced that Thackeray Partners and Trammell Crow Company sold I-10 West Business Center, a three building, multi-tenant industrial complex located one block south of Interstate10 between 55th and 57th Avenue. A Phoenix-based private investor, Kensington Investments, purchased the ±81,571 square foot property for $5.5 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve… Read More →

Gracie Barra Jiu Jitsu school signs long-term lease

Gracie Barra

Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space. Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term… Read More →

Meridian Capital finances Glendale Market Square property

startup

Meridian Capital Group, America’s most active debt broker, negotiated a $21.1 million loan for the acquisition and rehabilitation of Glendale Market Square, a retail property located in Glendale, AZ on behalf of a Southern California-based developer. The three-year loan, provided by a debt fund, features a floating-rate, interest-only payments for the full-term and two one-year… Read More →

The True Life Companies gives back to the City of Flagstaff

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August 27, 2015 by in AZRE Magazine | Construction | Investment

The True Life Companies, the developers of Pine Canyon, a master-planned golf course community in Flagstaff, will be presenting the City of Flagstaff with a check for more than $922,000. The check presentation will take place during the city council meeting on Tuesday, August 25, which begins at 4 p.m. As part of the development agreement with the City of Flagstaff,… Read More →

C & W | PICOR late August recent transactions

Deal, WEB

SALE Damar Properties, LLC purchased a 26,440 square foot industrial building at 5970 S. Palo Verde Rd. in Tucson from Lazydays Land Holdings, LLC for $1,100,000.  Rob Glaser, SIOR, CCIM, Industrial Specialist, with Cushman & Wakefield | PICOR, represented the seller and Doug Marsh with Oxford Realty Advisors, represented the buyer in this transaction. Nexpa… Read More →

Cohen expands Southwest presence with two new hires

123RF.com, Copyright: valeriylebedev
August 26, 2015 by in AZRE Magazine | Newsmakers

Cohen Financial, a national real estate capital services firm, has announced that it has hired Kevin Sellers, Director of Capital Markets, and Krisie Holdaway, Associate, in the company’s Phoenix office.  Mr. Sellers and Ms. Holdaway report to Manny Brown, President of Capital Markets. In May 2015, Neal Churney joined Cohen Financial to lead the Phoenix office.… Read More →

Uptown Plaza welcomes Muse Apparel as their first new tenant

Photo by Vintage Partners

Uptown Plaza, the landmark shopping center at the intersection of Central Ave. & Camelback Rd., has announced the grand opening of its first new tenant, Muse Apparel, since kicking off a wall-to-wall renovation in mid-2014. Opening just in time to celebrate Uptown Plaza’s 60th Anniversary tomorrow, August 25, 2015, this popular 10-year-old local women’s clothing boutique recently relocated… Read More →