AZRE Magazine Archives

Senior living facility plans announced for uptown Phoenix

uptown phoenix
by in AZRE Magazine | Site Selection

Scottsdale-based Solterra Senior Living leased 1.93-acres at Third Avenue and Indian School Road in uptown Phoenix, with plans to build a 164-bed assited living facility, according to Cushman & Wakefield. The land where the facility will go is Located on the southwest corner of Third Avenue and Indian School Road in a vacant lot behind a QuikTrip gas… Read More →

Arizona Center will get a $25 million makeover

Scheduled to break ground in early 2017, the project will take approximately nine months to complete.  (Rendering courtesy of Parallel Capital Partners and Angelo, Gordon & Co.)
by in AZRE Magazine | Retail

Arizona Center, Phoenix’s original downtown entertainment destination located at Third and Van Buren Streets, will undergo a significant transformation beginning early 2017. Acquired by Parallel Capital Partners and Angelo, Gordon & Co. in December 2015, the new Arizona Center will embark on a $25 million makeover in 2017. “The Arizona Center refresh will create a new model for… Read More →

Chandler Viridian PrimeGate secures first tenant

Chandler Viridian
by in AZRE Magazine

WINLEE Development, the real estate development division of locally based investment firm Winfield Lee Investments, commenced construction this week on Chandler Viridian PrimeGate at Fashion Square. PrimeGate is the 24,000 sf distinctive restaurant and retail component of the 25-acre Chandler Viridian mixed-use project being developed by the consortium of Hines, Alliance Residential, Concord Hospitality and WINLEE.  The… Read More →

NAI Horizon adds Eric Forshee as business development director

Eric Forshee
by in AZRE Magazine

Industry veteran Eric Forshee, has joined NAI Horizon as Director of Business Development. A resident of Cave Creek, Ariz., Forshee has more than 28 years of commercial real estate experience. He comes to NAI Horizon after nine years at Newmark Grubb Knight Frank (and Grubb & Ellis) as national director of business development for property… Read More →

NAI Horizon adds Laura Pogue to office group

Laura Pogue
by in AZRE Magazine | Brokerage

Laura Pogue has joined NAI Horizon as an Associate in the Office Properties Group. Pogue’s area of focus will be office and medical office. She will be working with other members of NAI’s Office Properties Group to strengthen its medical office capabilities. A native of Michigan, Pogue joins the Phoenix office of NAI Horizon after… Read More →

Associated Minority Contractors of America honors Mortenson

by in AZRE Magazine

On Saturday, October 22, the Associated Minority Contractors of America (AMCA) Arizona chapter held their annual awards banquet. Mortenson was honored with the “General Contractor Mentor of the Year” award in recognition of their efforts in the realm of minority and women-owned contractor outreach and mentoring. Devin Hunsaker, Mortenson’s senior project manager, accepted the award… Read More →

Ryan Companies adds retail development talent

by in AZRE Magazine | Newsmakers

Ryan Companies US, Inc. announced the expansion of its southwest development team. Josh Rogers has joined Ryan to further strengthen retail development business in Ryan’s Southwest division as its Director of Development for Retail. Rogers brings to Ryan Companies extensive knowledge of strategy development and implementation for major retailers as well as a wealth of… Read More →

Commercial real estate visionary Rusty Lyon dies

by in AZRE Magazine

The man behind popular projects such as Scottsdale Fashion Square, Chandler Fashion Square, Biltmore Fashion Park and The Boulders Resort, Rusty Lyon, passed away this month. A Celebration of Life Service is planned for Lyon on Nov. 2 at 2 p.m. at Scottsdale Bible Church at 7601 E. Shea Blvd. in Scottsdale. Lyon served at… Read More →

AAED will discuss Affordable Care Act’s business impact

by in AZRE Magazine | Events

The Affordable Care Act’s impact on healthcare in Arizona will be the topic at the Arizona Association for Economic Development’s (AAED) November luncheon. The AAED event will be held on Nov. 8 from 11:30 a.m. to 1:15 p.m. at 2901 N. Seventh St. in Phoenix. Greg Vigdor, president and CEO of the Arizona Hospital and Healthcare Association,… Read More →

Urbanization drives luxury multifamily market


Multifamily construction in Greater Phoenix returned to record level highs for completed number of units, rental rates and investment activity for the first time in over a decade. This year marks one of the highest rates of completion of multifamily developments since 2000. It also exceeds investment activity levels not seen since 2007. In turn,… Read More →

Liberty Property Trust fills nearly finished Rio Salado office

by in AZRE Magazine | Office

Liberty Property Trust today announced that it has executed two new leases, filling its nearly complete 135,663 square foot speculative office building at 1930 West Rio Salado Parkway in Tempe. DriveTime Automotive Group, an existing tenant in 1720 West Rio Salado Parkway at Liberty Center at Rio Salado, will expand into 65,889 square feet of… Read More →

CBRE sells Holiday Inn Express & Suites in Tempe

by in AZRE Magazine

CBRE Hotels announces the sale of the Holiday Inn Express & Suites Phoenix-Tempe-University, a 72-room, limited-service hotel located at 1031 East Apache Boulevard in Tempe, Arizona. The hotel features modern design accents and is within proximity to Arizona State University and the popular Mill Avenue District.  Eric Guerrero, Michael Yu, Rahul Bijlani and Pravin Boteju… Read More →

Marcus & Millichap sells $8.5M apartment community

by in AZRE Magazine

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Aria on Mill, a 76-unit apartment community in Tempe, Arizona. The $8,525,000 sales price equates to more than $112,000 per unit.             “Developed in 1988, Aria on Mill provides new ownership with… Read More →

Western Wealth Capital’s Janet LePage earns honor  Elnur Amikishiyev
by in AZRE Magazine | Multi-Family

Esteemed Champagne House, Veuve Clicquot, has awarded Janet LePage, CEO and co-founder of Western Wealth Capital, with its 2016 New Generation Award. LePage was selected from a shortlist of young entrepreneurs from across Canada. LePage, 35 years old, has grown Western Wealth Capital, a Vancouver, Canada-based multi-unit rental property investment firm, to the 3rd largest… Read More →