AZRE Magazine Archives

The Weitz Company announces in-house design services, new office

Weitz Logo

The Weitz Company announced the expansion of its construction service offerings with in-house design engineering and the opening of a new design-build office in the Minneapolis, Minn., area. “This is a by-product of our continuing growth,” said Len Martling, President and Chief Executive Officer of The Weitz Company. “Our new in-house design team—led by Minnesota-based… Read More →

Landscape Architects host 2014 Design Awards

Canvas Corner
April 14, 2014 by in AZRE Magazine | Events

The Arizona Chapter of the American Society of Landscape Architects (AzASLA) hosted their annual Design Awards Gala at the Desert Botanical Garden on Saturday, March 29th. Speaking at the event was National Past President of the American Society of Landscape Architects, Tom Tavella, PLA, FASLA. The Gala brought together professional and student landscape architects to… Read More →

CityScape welcomes first residents

CityScape Residences model penthouse
April 14, 2014 by in AZRE Magazine | Featured | Multi-Family

In February, the first residents moved into the CityScape Residences, a collection of 224 luxury apartments that sit atop Kimpton’s Hotel Palomar Phoenix.

Sundt golf tournament raises $18,000 for MDA

Tucson 2014 - Banner
April 14, 2014 by in AZRE Magazine | Events

The Sundt Foundation, a charitable organization funded by Sundt Construction, Inc. and its employees, hosted its annual Mike Gaines Charity Golf Tournament last month at La Paloma Country Club in Tucson, Ariz. More than 100 golfers attended the tournament, raising $18,000 for the Muscular Dystrophy Association (MDA) in honor of long-time Sundt employee Mike Gaines,… Read More →

Tutor Perini renovating GCU arena

Arena-rendering, web
April 14, 2014 by in AZRE Magazine | Construction | Featured

Tutor Perini Building Corp. is expanding Grand Canyon University Arena’s seating capacity from approximately 4,300 to 7,000 seats. The expansion takes place just two and a half years after Tutor Perini originally built the arena. The most challenging part of the renovation is the aggressive 190-day deadline put in place to meet previously booked university… Read More →

Askew-Rossi Named GPE’s Chief People Officer

Brooke_Askew-Rossi, WEB
April 14, 2014 by in AZRE Magazine | Featured | Newsmakers

GPE Companies announced Monday the decision to appoint Brooke Askew-Rossi to chief people officer. Askew-Rossi, who joined the firm in 2007, was formerly the director of business development and employee engagement. In her new role, Askew-Rossi will manage human resources, and oversee talent management and acquisition. She will also continue her previous work maintaining property… Read More →

CBRE negotiates sale of Missouri Breaks apartment complex

Missouri Breaks
April 14, 2014 by in AZRE Magazine | Brokerage

CBRE has negotiated the following multi-family sales transaction: • EQ Missouri 51, LLC of Tempe, Ariz. has purchased the Missouri Breaks apartment complex, a 52-unit multi-family property located at 1637 E. Missouri Ave. in Phoenix, from 1637 E. Missouri Avenue, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating… Read More →

CBRE negotiates sale of 143 TECH in Phoenix

143tech
April 14, 2014 by in AZRE Magazine | Brokerage

CBRE has negotiated the sale of 143 TECH – a 113,827-square-foot, industrial/flex building located at 317 S. 48th St. in Phoenix. The property commanded a sale price of $9.4 million. Tom Adelson with CBRE’s Phoenix office, along with Fred Darche of Lee & Associates, represented the buyer, Phoenix-based Verde Investments, Inc. The seller, Florida-based Second… Read More →

113,880 SF industrial showroom project to break ground in May in Deer Valley

Screen shot 2014-04-14 at 10.12.40 AM

The 17/Union Hills Business Center, a two-building, 113,880 SF industrial and showroom project is expected to break ground May 2014 at 2350-2400 West Union Hills Drive in Phoenix. The multi-tenant project consisting of 61,320 SF and 52,560 SF buildings will feature 24’ clear height, dock and grade level loading, ESFR fire protection and fenced truck… Read More →

Robert Cashin joins Caliente Construction

construction
April 14, 2014 by in AZRE Magazine | Newsmakers

Robert Cashin has joined Caliente Construction Inc., Phoenix, as Vice President of Construction Services. As a 36-year veteran in Arizona construction, Cashin will provide overall direction, leadership and guidance to manage the operational activities of the $65 million local company; ensuring growth, profitability, employee development, and the highest client service. Cashin began his career in… Read More →

EPA Recognizes Hines with 2014 ENERGY STAR® Partner of the Year – Sustained Excellence Award

Camelback at 24th, Hines
April 11, 2014 by in AZRE Magazine | Building Green

Hines, the international real estate firm, announced today that it has been recognized by the U.S. Environmental Protection Agency (EPA) with the 2014 ENERGY STAR Partner of the Year – Sustained Excellence Award in recognition of continued leadership in protecting the environment through energy efficiency.  Hines will be recognized at an awards ceremony in Washington,… Read More →

Office Momentum Carries Over from Late-2013 to First Quarter

Desert Canyon, Colliers
April 11, 2014 by in AZRE Magazine | Industry Insiders

Colliers International released its 1Q office market research. Highlights are below. A full report is at the end of the story. ·         Net absorption in the Greater Phoenix institutional office market totaled approximately 697KSF in the first quarter. This marked the third consecutive quarter where net absorption topped 500KSF. ·         Net absorption was strongest in… Read More →

The Leona Group leases 15,054 SF at Catalina Terraces in Phoenix

CatalinaTerraces, WEB
April 11, 2014 by in AZRE Magazine | Brokerage

Cassidy Turley announced that it completed a lease of 15,054 square feet for locally based The Leona Group Arizona, LLC at Catalina Terraces, 7878 North 16th Street in Phoenix. Cassidy Turley Vice President Justin Himelstein represented the tenant, while Phil Breidenback, Keith Lambeth, Lindsey Carlson and Ryan Timpani with Colliers International represented Catalina Terraces Operating… Read More →

ORION negotiates sale of 34-unit apartment complex in Surprise

Saguaro Heights, WEB
April 11, 2014 by in AZRE Magazine | Brokerage

ORION Investment Real Estate is pleased to announce the sale of Saguaro Heights, a 34-unit apartment complex in Surprise, Ariz., for $1.3M.  The property was built in 1987 and was 95% occupied at the time of sale.  It consists of 2 bedroom, 1.5 bath townhome units and is located near the intersection of El Mirage… Read More →

Newmark Grubb Knight Frank completes $1.8M industrial sale

4250-E-Broadway-Rd-G2, WEB
April 11, 2014 by in AZRE Magazine | Brokerage

Newmark Grubb Knight Frank (NGKF) negotiated the $1.8 million sale of 4250 E. Broadway Rd., a 38KSF Industrial building, in Phoenix. Rob Stephens, Managing Director and Tricia Gumulka, Associate Director with NGKF’s Phoenix office represented the seller, Sorenson Group Management. The buyer, Forever Nutraceuticals, a worldwide distributor of vitamins was represented by Ken McQueen at… Read More →

Jewelry design firm takes 30,500 SF of flex space in Scottsdale Airpark

7400 E Tierra Buena, WEB
April 11, 2014 by in AZRE Magazine | Brokerage

South Hill Design Corp., a jewelry design and marketing firm has leased 30,500 SF of flex industrial space on a 5-year term at 7400 E. Tierra Buena Ln., Scottsdale. The landlord, Hewson Development Corp. and GH Scottsdale I was represented by Mark Linsalata, Principal with Lee & Associates. John Quatrini with Shell Commercial secured the… Read More →

Craig DeBon promoted at Caretaker Landscape

Caretaker, WEB
April 11, 2014 by in AZRE Magazine | Newsmakers

Caretaker Landscape and Tree Management has promoted Craig DeBon to Senior Project Manager.  Craig has a Bachelor’s of Science degree in Business Management from Oregon State University, his Certified Landscape Technician certification from the Associated Landscape Contractors of America (ALCA) and obtained his Project Management Professional (PMP) certification.   He will be responsible for coordinating pre-construction… Read More →

Retail absorption dips to start 2014, gains likely later in the year

Generic Building, WEB
April 11, 2014 by in AZRE Magazine

Colliers International in Greater Phoenix released its 1Q report for retail in 2014. Read the highlights below. Link to full report at the end of the post. Net absorption in the Greater Phoenix retail market turned negative in the first quarter for the first time in three years. Negative net absorption was approximately 103,000 square… Read More →

Alliance Residential Named No. 9 Apartment Management Co. in US

rsz_broadstonecanyon_fogler

Alliance Residential was recently named to the National Multi Housing Council’s (NMHC) 2014 NMHC 50 list of the nation’s largest apartment owners and managers. Moving up a spot from last year’s NMHC 50 ranking, Alliance is the 9th largest apartment management company in the nation with more than 71,000 units. Now in its 25th year,… Read More →

Silverleaf Realty Closes $5.7M Home in Silverleaf

Silverleaf, WEB

Spring in the Sonoran desert always brings more traffic to Scottsdale and Silverleaf has seen a strong uptick in visits to this golf community in the foothills of the McDowell Mountains.  Last week, Silverleaf Realty sold one of the most exclusive listings in North Scottsdale’s Silverleaf community, an 8,761 foot residence for $5.77 million ($658.45… Read More →

Cutler Commercial sells home of Universal Technical Institute for $6.3M

2844 W DEER VALLEY, Cassidy Turley, WEB
April 9, 2014 by in AZRE Magazine | Brokerage

Cassidy Turley announced the sale of a ±58,120 SF Class-B flex, office-industrial project at 2844 W. Deer Valley Rd. and 2837 W. Louise Dr. in Phoenix’s Deer Valley submarket. California-based Hyperion Fund L.P purchased the property for $6.3M ($108.40/psf) from locally based City Park, LLC, a company formed by Cutler Commercial. Executive Managing Director Eric… Read More →

Cushman & Wakefield Sells $27.35M in Multi-Family Properties

201 West, WEB
April 9, 2014 by in AZRE Magazine | Brokerage | Featured

Cushman & Wakefield of Arizona, Inc. negotiated the $27.35 million sale of Mill Pointe and 201 West, a pair of multifamily properties, located at 4130 S. Mill Ave. and 201 W. Hermosa Dr., respectively.   Mill Pointe was built in 1980 and contains 22 buildings and 218 units. 201 West was built in 1973 and… Read More →

Clear Sky Capital Inc purchases 180-unit Park Tower in Chandler

ParkTower, WEB
April 9, 2014 by in AZRE Magazine | Brokerage

Cassidy Turley announced the sale of 180-unit Park Tower apartments at 1283 W. Parklane Blvd. in Chandler, Ariz. Clear Sky Park Tower LP (dba, Clear Sky Capital Inc) purchased the property for $15.2M ($84,444 per unit) from Park Tower LLC. Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis negotiated the transaction on behalf… Read More →

Marcus & Millichap arrange sale of 13,451 SF industrial building

Airpark
April 9, 2014 by in AZRE Magazine

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Airpark Square Buildings 9 and 10, a 13,451-square-foot industrial property located in Scottsdale, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for… Read More →