Property Management Archives

Papago Buttes Corporate Plaza expands lease

buttes

Cushman & Wakefield of Arizona, Inc. recently negotiated a lease expansion for Western Refining at Papago Buttes Corporate Plaza, located at 1250 W. Washington St.  The expansion results in the company occupying an entire four-story, 105,000-square-foot building. Western Refining has agreed to lease 17,723 square feet of additional space on the fourth floor of the… Read More →

August industrial and office property review

economy

ECONOMIC OVERVIEW The Metro Phoenix economy continued to improve adding 55,500 jobs over the past 12 months through March, marking an annualized job growth rate of 3.0%. The unemployment rate declined to 4.8%, the lowest rate since 2008, down 160 basis points (bps) from a year ago and 70 bps lower than the national rate.… Read More →

Phoenix awards Faithful+Gould contract for airport evaluations

sky harbor
June 17, 2015 by in AZRE Magazine | Property Management

Americas-based leading integrated project and program management consultancy, Faithful+Gould has been awarded a contract by the City of Phoenix perform facility-wide assessments of three airports: Phoenix Sky Harbor International Airport, Phoenix Deer Valley Airport, and Phoenix Goodyear Airport. Maximizing Facility Value for the City of Phoenix Airport facilities include passenger terminals, gates, parking garages, hangars,… Read More →

Op Ed: An Arizona’s Landlord’s Duty to Mitigate Damages

123rf.com: Tim Wege

By: Nancy Swift, Special for AZRE In Arizona, a commercial landlord has a duty to mitigate its damages after a tenant abandons the premises. This obligation requires the landlord to take reasonable steps to put in place a replacement tenant as soon as possible so that its damages cease to accrue, or at least are… Read More →

Mutual of Omaha selects Ryan Companies to manage 75KSF facility

MoO1

Mutual of Omaha Insurance Company has selected Ryan Companies US, Inc. to manage its three-story, approximately 75,000 square foot office building at Cotton Corporate Center in Phoenix. Ryan Companies US, Inc. will provide management services and support facility needs for the company at 4950 South 48th Street, which employs approximately 325 employees and houses its… Read More →

Westwood’s Overland office relocates

mike

Westwood Professional Services, Inc. (Westwood) On June 1, Westwood’s Overland Park office moved its operations to 7501 College Boulevard, approximately three miles north of its previous location on 130th Street. Overland Park Office leader, Mike McCullough, looks forward to doing business from the new location, “We are excited to be at the College Boulevard office. … 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 →

Sensei Project Solution gets Luhrs City Center’s 9th Floor

(Credit Hansji): http://bit.ly/1JOjXSK

Luhrs City Center (LCC) announced a new addition to its already impressive tenant roster that is making it a tech industry epicenter. Scheduled for completion in mid-May, Sensei Project Solutions will occupy a custom-designed, open floor plan office suite and technology training center unspooling across the entire 9th floor of the LCC’s historic Luhrs Tower.… Read More →

Quantifying the Property Manager

Camelback Square, WEB

An atrium’s high-reaching archway floods with sun throughout the day, but after the sun sets, lights installed along the ceiling kick on. Over time, those lights’ bulbs will burn out and it’ll fall on a CPM such as Alisa Timm, director of management services at Lincoln Property Company, to figure out how to change those… Read More →

Strength in Numbers: Crowdfunding bullish on real estate

7th Gate Center

Crowdfunding isn’t just about raising capital for smart watches, giant batches of potato salad or unexpected life events. It’s increasingly an online marketplace used by real estate investors around the country. Massolution reported last April that crowdfunding platforms raised $2.7 billion for more than a million campaigns in 2012. It went on to predict, as… Read More →

East Valley cities come together over startup culture

The definition of a startup depends on who’s answering. The general consensus does seem to be a new, small company. The threshold of being a startup and a young business can be defined by revenue, company size, an acquisition or a new office space. What’s more important, experts say, is the environment that comes with… Read More →

ARC taps Plaza Companies to market two MOBs

Plaza Companies has been selected as the exclusive leasing team for a pair of thriving medical office buildings on the Arrowhead Hospital Campus in Glendale. American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare), a real estate investment trust specializing in medical office buildings, senior housing and other healthcare facilities, has tapped Plaza Companies to lease 33,044-square-foot Arrowhead Medical Plaza I and 45,289-square-foot… Read More →

Mark-Taylor awarded property management of three Central Phoenix communities

In a move that illustrates its effectiveness as a luxury multi-family manager with universal appeal, Mark-Taylor Residential was named manager of three hip, trendy urban communities for third-party developers in the central Phoenix area. Luxury metropolitan communities Domus (4445 North 36th Street), Level at Sixteenth (1550 E. Campbell Avenue) and the under construction @51 community (5251 N. 16th St) are now part of the company’s… Read More →

Big Brothers Big Sisters of Central Arizona relocate corporate office

DTZ, a global leader in commercial real estate services, announced the completion of a 10,097 square foot lease on behalf of Big Brothers Big Sisters of Central Arizona (BBBSCA) at Valley Commerce Center, 4745 N 7th Street in Phoenix.   Vice President Justin Himelstein with DTZ’s Occupier Services Office Group represented BBBSCA during the lease… Read More →