AZRE Magazine Archives

Technology carries real estate through healthcare changes

A nurse sits at the iCare ICU Program at Banner Desert in Mesa.

A patient sits in the ICU at Banner Health’s Fairbanks Memorial Hospital in Alaska. It’s late, many of the staff have gone home. He watches the glowing blinks of the machines monitoring his vital signs lighting the room in little blue and green bursts. Suddenly, a nurse is beckoned to his bedside by an abnormal… Read More →

GCC automotive technology complex celebrates topping out

Courtesy of Adolfson & Peterson

On May 19, Adolfson & Peterson Construction (A&P) celebrated the “topping-out” construction milestone on the new automotive technology complex at Glendale Community College (GCC). The topping-out event marked the completion of the highest point of construction on the jobsite and was celebrated with a catered breakfast and recognition ceremony. Current College President, Dr. Irene Kovala,… Read More →

Helix Capital closes $5.83M private loan deal

Courtesy of Serendipit Consulting

Helix Capital, an Arizona-based commercial real estate investment, development, brokerage and management company, recently closed a $5.83 million private loan deal. Helix provided private financing for a 52,134 SF shopping center located at Bell and Reems Roads in Surprise, Ariz. The shopping center is 100 percent leased and Mountainside Fitness is the anchor tenant, occupying 75… Read More →

$2B freeway expansion benefits $1.4M land opportunity

Cropped ADOT map of proposed expansion routes

No stranger in representing multifamily and land opportunities, Chip Kloppenburg and John Trujillo with Sperry Van Ness in Phoenix are ready to make their own “land” mark at 5252 S. 36th Street in Phoenix. The team is representing the seller.  The 9.64 acres are located only 10 miles from the recently approved Loop 202 extension off Pecos Road. The decision to… Read More →

Arvato Digital Services moves to San Tan Tech Center

San Tan Tech Center, Courtesy of ViaWest

ViaWest Group announced today that Arvato Digital Services, LLC, a subsidiary of the multi-billion dollar global media and services company Bertelsmann, has signed a six-year lease for 33,048 SF of office space at San Tan Tech Center.  The ±129,187 SF property is located at 145 S. 79th Street in Chandler and is also home to the… Read More →

Cathy Teeter promoted at CBRE

CBRE Cathy Teeter, WEB
May 21, 2015 by in AZRE Magazine | Newsmakers

CBRE has announced that Catharine Teeter has been promoted to the position of regional sales director for the Southwest Region. In this role, she will work closely with the managing directors in CBRE’s Phoenix, Tucson, Salt Lake City, Las Vegas and Albuquerque offices on reporting business and market share activity, new business pursuits, pipelines and… Read More →

Chandler Airport Water Reclamation Facility wins AWA award

CDP Commercial, LLC; Provided by McCarthy Building Cos.

The Chandler Airport Water Reclamation Facility expansion project, led by McCarthy Building Companies, was recently named the 2015 Water Reuse Project of the Year by the Arizona Water Association. The $105 million dollar expansion project, located at 905 E. Queen Creek Road in Chandler, Ariz., underwent a 7 million gallons per day (MGD) expansion that allows the… Read More →

Greystar receives top awards from AMA

Lesa LaRocca

Greystar recently received five top achievement awards and industry-wide recognition at the 2015 Annual Tribute event organized by the Arizona Multihousing Association (AMA). The AMA presented awards to rental communities and industry professionals that demonstrated excellence related to operating performance, community service, industry experience, teamwork and impact on the properties. The Arizona apartment industry’s 23rd annual… Read More →

Wentworth Property Company announces West 80 plans

West 80 rendering, courtesy of DTZ.

DTZ announced May 21 it has begun to market West 80, a ±379,635 SF, for-lease, speculative development by Wentworth Property Company (WPC). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive Managing Directors Andy… Read More →

Home Depot signs 12-year back office lease

Tempe One, Courtesy of Lee & Associates

Lee & Associates Arizona announced the signing of a 12-year, 111,349 SF lease with The Home Depot USA, Inc. of Atlanta. The back office building known as Tempe One is located at 1717 W. 16th St. in Tempe. Move-in for the online call center is scheduled for Q4 of this year. Rick Lee, Principal with… Read More →

Sidney Smith promoted at HKS

Sidney Smith, Courtesy of HKS
May 21, 2015 by in AZRE Magazine | Newsmakers

Sidney Smith, AIA, NCARB has been promoted to associate principal and senior vice president for HKS. He will assume the role of team manager for the Phoenix office, overseeing staffing and workload. Smith will continue as project manager/senior construction contract administrator for his projects, including Phoenix Children’s Hospital and the 45 Lansing residential luxury high-rise in… Read More →

Scheduling Institute opens in Phoenix warehouse district

Image provided by LGE Design Build

LGE Design Build has completed the renovation of the former Jackson’s on 3rd restaurant into a 23KSF West Coast training center for the Scheduling Institute, a medical and dental practice training company based in Alpharetta, Ga. The new training center, located at 245 E. Jackson St. in the downtown warehouse district, will complement the company’s… Read More →

Sky Harbor Business Park has a new spec building

Eastgroup Rendering

Sun State Builders announced the completion of another speculative development project.  Sun State Builders, Eastgroup Properties and Butler Design Group teamed up to construct the industrial spec building located in Sky Harbor Business Park at 1725 E. University Dr. The team utilized the City of Phoenix self-certification program to expedite the permitting process. The 31,410… Read More →

Tempe Warner Self Storage sells for $6.7M

Tempe Warner Self Storage

Cushman & Wakefield announced the sale of Tempe Warner Self Storage at 1835 E. Warner Rd. in Tempe for $6.7M. Greg Wells of Cushman & Wakefield, director of the Self-Storage Industry Group represented the seller, Hibernia Tempe, LLC, and procured the buyer, StorQuest Self Storage The 52,200 SF self-storage building offers 100 percent drive-up access… Read More →