AZRE Magazine Archives

50 acre development site in Avondale sold for $2M


DTZ, a global leader in commercial real estate services, has announced the sale of ±50.1 acres on the southwest corner of Interstate 10 and 119th Avenue in Avondale, AZ, to Avondale I-10, LLP, which purchased the land for $2 million ($0.91 PSF) from Salt Lake City investment firm FNBN Spectrum, LLC (dba Sorenson Group Management).… Read More →

Work underway on first phase of Skyline Regional Park

Skyline Regional Park
August 3, 2015 by in AZRE Magazine | Construction | New to Market

The Phoenix office of Skanska has started work on Phase One of the 8,675-acre Skyline Regional Park in Buckeye, Ariz. The $3.95 million project for the City of Buckeye includes roadway construction, park features including entry gate house, entry gate monument and gates, ramadas, rest rooms and a pedestrian/equestrian bridge across the Skyline Wash. The… Read More →

Cimarron Industrial signs $6.4M permanent loan in Scottsdale


Churchill Commercial Capital, Inc. (Tom Ryan, Vice President) has arranged a $6.4 million loan for Cimarron Industrial Partners, LLC, on a 94,800 square foot multi-tenant industrial property consisting of five buildings within the Scottsdale Airpark. The property was 98% leased at the time of closing. This unique transaction was placed with one of our many… Read More →

New Porsche dealership breaks ground in Chandler


Porsche Chandler announced the groundbreaking of its all new, state-of-the-art Porsche dealership, located at 1010 South Gilbert Road in Chandler, Ariz. The Ceremony was presided over by Richard Cvijanovich, the dealership’s Owner & Operator, and attended by over 100+ participants, including Porsche Cars North America executives, City of Chandler dignitaries, and Arizona Porsche Club members and… Read More →

LGE Design Build completes 63,000 SF Papago Tech

Papago Tech

LGE Design Build has completed construction on Papago Tech, a 63,000-square-foot research, development and manufacturing shell building near Phoenix Sky Harbor International Airport and Arizona State University. Papago Tech, 500 S. 48th Street in Phoenix, is located on 48th Street and Washington. The building has 24-foot clear height ceilings, ample power and freeway visibility. Silagi… Read More →

REDW will host Tribal Finance Conference in Scottsdale

Talking Stick Resort’s hotel tower.

REDW LLC, one of the Southwest’s 10 largest and most respected certified public accounting and business consulting firms and nationally recognized for its service to Tribes, announced it will host The 2015 Tribal Finance and Leadership Conference at Talking Stick Resort in Scottsdale, Arizona on November 12th and 13th. The annual event, now in its 6th consecutive year,… Read More →

Phoenix corporate headquarters sell for $5.9M


Colliers International in Greater Phoenix recently completed the sale of a 63,400-square-foot state-of-the-art office, showroom and warehouse building for $5.9 million, or $93.05 a square foot. The Phoenix flex industrial building currently houses Facilitec Inc. which provides interior office products, design and project management. King Ranch Properties II, LLLP of Phoenix traded the asset, 4501… Read More →

DTZ completes sale of Tharco Freeport Distribution Center


DTZ, a global leader in commercial real estate services, announced that Bixby Land Company purchased Tharco Freeport Distribution Center, 640 S. 51st Ave. in Phoenix’s Southwest submarket. Pacifica Real Estate Group sold the 108,287 square foot institutional quality industrial distribution center for $8.1 million. The building is fully leased to Tharco, one of the largest… Read More →

Arrowhead Towne Center to undergo construction in August

Arrowhead Towne Center

Construction of a new transit center at Arrowhead Towne Center in north Glendale is scheduled to begin Aug. 3. The facility, which is scheduled to open in early November, will include new passenger amenities, including shaded bus shelters, free wi-fi, electrical outlets for phone chargers, bus pullouts and landscaping. The current location has no dedicated… Read More →

DTZ sells Camelback office complex for $11.8 Million

Deal, WEB

DTZ, a global leader in commercial real estate services, has announced that Camelback 2929 Owner, LLC, a company formed by Beverly Hills, CA-based Andell Inc., sold 2929 Camelback for $11.8 million. The buyer was West Valley Properties, Inc. of Los Altos, CA. This was the first Arizona purchase for the privately held investor. 2929 Camelback is… Read More →

Big Deals: Land/Sales, July-August 2015


It’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar. 1. Paradise Ridge, Phoenix 49.6… Read More →

Wilson Electric & KSK Electric join forces, Copyright: valeriylebedev

As of August 1, 2015, Wilson Electric Services Corp. and KSK Electric Inc. will unite as one. “This is a very exciting event for both companies, our employees and our clients,” states Todd Klimas, Vice President/COO. The joining of two major firms with strengths that are highly complementary will enable the company to provide enhanced experience… Read More →

ABI sells prestigious Morningside Apartment Homes for $28M

Morningside Apartments Pic 1

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, has announced the $28,000,000 / $175,000 Per Unit sale of the 160-unit, Morningside Apartment Homes in Scottsdale, AZ. Morningside, originally built in 1989, features spacious 1, 2 and 3-bedroom units with a weighted average size of approximately 1,019 square feet and full size washer/dryer in… Read More →

P.B. Bell celebrates anniversary of their largest acquisition

PB Bell

P.B. Bell, a leader in multi-family housing development and management, is marking the one-year anniversary of its biggest acquisition by celebrating improved occupancies stemming from the completion of major renovations within the seven-property portfolio. The acquisition, which closed in July of 2014, included nearly 2,800 apartment units in complexes throughout metropolitan Phoenix. The transaction represented… Read More →