Property Management Archives

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 →

Irgens Expands Property Management Portfolio

5055 E. Washington St., Courtesy of Irgens
February 17, 2014 by in AZRE Magazine | Brokerage | Property Management

Irgens Partners, LLC recently announced its investment into Robert F. Knight & Associates, LLC, (K&A). In the new partnership, Irgens and K&A will each hold a membership interest in the company, which will continue to operate as Robert F. Knight & Associates, LLC. The company’s management portfolio will total more than 3 MSF of commercial… Read More →

Lisa Harryman Joins CPI

Lisa Harryman, WEB
February 6, 2014 by in Newsmakers | Property Management

Commercial Properties, Inc. announced Thursday the appointment of Lisa Harryman as director of property management. Harryman brings more than 30 years of commercial property, operations, association management and receivership services experience to the director’s position with Commercial Properties. As director, she is responsible for managing the day-to-day operations of CPI’s property management division, and overseeing… Read More →

Trash Talk: BOMA to Launch Golden Dumpster Awards

Bins
November 29, 2013 by in Business News | Property Management

BOMA Greater Phoenix announced it will launch the Golden Dumpster Awards, a sustainability program that promotes and encourages waste reduction and environmental efficiency. According to the City of Phoenix, city workers drive nearly 7 million miles to transport solid waste every year. The amount of trash sent to the landfill each year could fill Chase… Read More →

Containing Costs: BOMA Battles Cost Increases to CRE

Mark Covington, Exec QA, WEB

Mark Covington manages Building Owners and Managers Association International-Greater Phoenix’s office in the support of the association’s 310 local members who collectively manage more than 60 MSF of office, industrial, retail, medical and other commercial real estate in Metro Phoenix. “The commercial real estate industry contributes more than $1.8 billion annually to the Arizona economy,”… Read More →

All Systems Go: The Benefits of Integrated Building Systems

Phoenix Children's Hospital lobby

If the main air handling unit at Phoenix Children’s Hospital suddenly fails, another equally powerful chiller kicks in within seconds. Simultaneously, the medical complex’s high-tech control system sends an alarm to the 24-hour-monitored security panel and an alert to a facility technician’s hand-held device — essentially a text messaged work order to fix the downed… Read More →

Scott Peters: Impact of Affordable Care Act on Healthcare Real Estate

Photo by Lillian Ried

Healthcare Trust of America, Inc., is a leading owner of medical office buildings in the U.S. with more than 13MSF of MOBs in 27 states. HTA has 1.2MSF of MOB in Arizona, making the company the largest manager in the state. Chairman, CEO and President Scott Peters sat down with AZRE to discuss the Affordable… Read More →

Forever Changed: Since recession, CRE owners drive property management issues

Lincoln Property Company’s Desert West Region manages 6 MSF of commercial space, including the 52-acre, 11-building Broadway 101 Commercial Park in Mesa.

A decade or so ago, commercial real estate property managers might be considered a generic lot. Not that they didn’t have a full roster of responsibilities. They kept the buildings looking spiffy, made sure the trees were trimmed and the elevators inspected, and they provided standard financial reports of income and expenses to often faceless… Read More →

BOMA Greater Phoenix TOBY Awards 2013

Portales I Exterior 2, WEB

This year’s BOMA Greater Phoenix TOBY Awards were presented Nov. 15 at the Renaissance Phoenix Downtown. AZRE Magazine would like to congratulate the seven winners of this year’s BOMA Greater Phoenix TOBY Awards. 100,000- 249,999 SF Category: Portales Corporate Center II 4800 N. Scottsdale Rd., Scottsdale Owned by: Principal Real Estate Investors Architect: DFD Conoyer… Read More →

Lincoln Property Company Grows Portfolio to Highest Point in Office’s History

Game and Fish, WEB

The Desert West Region of Lincoln Property Company (LPC) this week pushed its management portfolio to the highest point in the office’s history with the assignment of 7025 North Scottsdale. Under the leadership of new Director of Management Services Alisa Timm, the firm also retained 100 percent of its nearly 6 million-square-foot portfolio in 2013… Read More →

Op-Ed: Phoenix Residents Appeal to City Council About Donation Bin Blight

Bins

By Jason Morris, Zoning & Land Use Attorney with Withey Morris The commercial real estate industry has been dealing with the blight and frustrations associated with charity donation bins for many years. Across the industry, property owners and managers tell their experiences dealing with nuisances caused by bins, as they mysteriously appear unwanted on retail… Read More →

Hines/PCCP Venture Acquires Kierland One in Phoenix

Kierland One Photo

Hines, the international real estate firm, announced today that along with joint venture equity partner PCCP, LLC, it has acquired Kierland One, a Class A, 175,441-square-foot office building located in the North Scottsdale Airpark submarket of Phoenix. Completed in 1999, the four-story building is located at 16430 N. Scottsdale Road across from the Promenade Shops,… Read More →

GPE Management Services Now Operates Nationwide

GPE-40th-Logo
August 26, 2013 by in Business News | Property Management

Phoenix-based GPE Management Services has expanded beyond Arizona for the first time, and the company now oversees commercial properties in Georgia, North Carolina, and elsewhere in the southeast United States. The expansion developed through the firm’s partnership with a well-known national institution. “We were selected by our client to oversee these important assets because of… Read More →

Levrose Commercial Selected To Be Member Of TCN Worldwide

Levrose_tcn combined logo

  H. Ross Ford, president and CEO of TCN Worldwide, announced Levrose Commercial Real Estate as the newest member to join the international real estate services organization. Levrose Commercial Real Estate/TCN Worldwide is headquartered in Scottsdale and is a private full-service commercial real estate company serving the Metro Phoenix. “We are extremely honored to join… Read More →

Deco Communities Teams With Property Management Firm To Expand Brand Of Urban Apartments

  Deco Communities is turning to prominent property management firm Leonardo Management, Inc. to oversee its renovated apartment communities Cabana Modern Apartment Homes. With the success Scottsdale-based Deco Communities has experienced with its Cabana renovation projects, it has decided to implement Leonardo’s management system to sustain and improve the properties and resident experience. “After 16… Read More →

New Homeowners Confidence Survey For Metro Phoenix Debuts

rsz_homeowner_picture

  Sellers are in short supply. Home prices are still low. Neighborhood parks rule. There are countless studies and surveys on Arizona real estate. Very few have the diverse data that can only come from Arizona’s largest locally owned homeowners association property manager, City Property Management; and expert analysis from the Valley’s top economists at… Read More →

SRS Real Estate Partners Brings Dollar Tree to San Tan Gateway

Dollar Tree
June 20, 2013 by in Business News | Property Management

SRS Real Estate Partners is pleased to announce that Dollar Tree has leased a 12,100-square-foot space in the San Tan Gateway North Shopping Center located at the northeast corner of Loop 202 and Arizona Avenue in Chandler, Ariz.  The Dollar Tree is now open, other tenants in the project include Walmart, Anna’s Linens, Goodwill, and… Read More →

NAI Horizon Recent Transactions

NAI Horizon

Sale Transactions: Rick Foss and Sharon Reeves negotiated the sale of a net leased Starbucks, representing the seller Gerald M. and Diane M. Olson Revocable Living Trust dated February 12, 1994, for $1,000,000. The property is located at 1690 N. Dysart Road in Goodyear, AZ. CBRE represented the buyer R. and G. Arnold Family Limited… Read More →

Artemis Realty Capital Funds $4,925,000 In 14 Days

Artemis

Artemis Realty Capital, LLC (“Artemis”) announced today it has closed 5 transactions totaling $4,925,000 within the past fourteen days. These transactions are a strategic move for Artemis with proven Borrowers. Each of these Borrowers have a significant track record in realizing the investments’ potential in transitional assets. The collateral on the loans consisted of 274… Read More →

Plaza Companies Lands Leasing, Property Management and Construction Services Contract For Large Class A Medical Office Building in North Phoenix

Plaza Companies
June 18, 2013 by in Business News | Property Management

Lifeprint Health Center Owners Select Plaza for Services on 81,875 SF Building Plaza Companies has landed a significant leasing, property management and construction services contract for a major medical office building in north Phoenix. The owners of Lifeprint Health Center, a Class A office building located at 20414 N. 27th Avenue near the John C. Lincoln Medical Center-North Campus, selected Plaza to serve the building after conducting interviews with companies throughout the marketplace. The building has… Read More →

Cassidy Turley Completes Six Leases at Avondale Commerce Center

Avondale Commerce Center

Cassidy Turley, a leading commercial real estate provider in the U.S., announced they have completed six leases totaling ±80,000 square feet at Avondale Commerce Center, a two-phase, 13-building industrial project located 1050 and 1250 N. El Mirage Rd. in Avondale. OmniSolv Inc. and Amware Fulfillment of AZ, LLC signed lease expansions in Phase 1 of… Read More →

To Buy Or To Rent? That Is The Question.

Corporate Data Solutions

Residential renters aren’t the only ones wondering if now is a good time to buy. Business owners renting office space are also considering the buying proposition. “The office market in Phoenix has shifted slightly in favor of owning rather than renting, especially for small business owners looking to purchase office condos,” said Chris Bane, senior… Read More →

Alliance Airport Advertising Lands At Phoenix Sky Harbor Airport

Phx Sky Harbor

$2.5 million installation delivers a more engaging, high-tech advertising experience As one of the ten busiest airports in the United States, Phoenix Sky Harbor serves as a gateway to a city on the move. Phoenix is home to four major professional sports teams, a multitude of destination resorts, and well-respected education, technology and corporate establishments.… Read More →

Cassidy Turley Completes $1.495 Million Sale of Old Town Scottsdale Building

Cassidy Turley - Old Town Scottsdale Building

Cassidy Turley, a leading commercial real estate provider in the U.S., announced that it completed the sale of a ±6,214-square-foot mixed use building at 7025 East 1st Avenue in Scottsdale. Emperor Funding 92, LLC (Paradise Valley, AZ) purchased the property for $1,495,000 ($240.58 psf) from Numero Uno Que Pasa Inc (Santa Monica, CA). Cassidy Turley Arizona’s… Read More →