Property Management Archives

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 →

Chandler Hotel Group Adds Seven New Properties

 Chandler Hotel Group (CHG), a Scottsdale-based, industry-leading hotel management company, has expanded its reach by adding seven new hotel properties to its portfolio. The new properties are located in South Carolina, Texas and New Mexico and collectively add nearly 1,200 new rooms to CHG’s cache of properties. “We are eager to introduce these new properties to… Read More →

ViaWest Group acquires Tiger Industrial Center

Tiger Industrial Center, via ViaWest Group

ViaWest Group announced the recent acquisition of two multi-tenant, industrial buildings collectively referred to as Tiger Industrial Center. Located at 4901 & 4929 W. Van Buren, the complex is comprised of 103,064 SF. Sold on December 30, 2014, Phoenix-based ViaWest Group paid $4.55MM acquisition. This is the first acquisition in ViaWest’s new fund focused on… Read More →

BOMA Greater Phoenix announces 2015 president

Lincoln Property Company (LPC) announced the appointment of Senior Property Manager Megan Watkins as 2015 President of the Building Owners and Managers Association (BOMA)–Greater Phoenix. With 315 current members, BOMA-Greater Phoenix serves as one of the Valley’s leading organizations providing education and advocacy for the commercial real estate industry. Watkins joined BOMA-Greater Phoenix in 2004.… Read More →

IPT assigns property manager at Normal Junction

1715 S. Holbrook Ln.
December 21, 2014 by in AZRE Magazine | Property Management

Cushman & Wakefield of Arizona, Inc. has been selected by Industrial Property Trust (IPT) to handle leasing and property management for two industrial properties at Normal Junction. The properties, located at 1715 S. Holbrook Lane and 1895 S. Los Feliz Drive, contain a total of 140,314 square feet of industrial space. Approximately 29,471 square feet… Read More →

Op-Ed: Read this before locking out a commercial tenant

123rf.com, tatiana53

Most commercial landlords and property managers are aware that, in Arizona, if a commercial property tenant neglects or refuses to pay rent and is in arrears for more than five days, or if a tenant violates another provision of the lease, under certain conditions and circumstances, Arizona law allows the landlord the option to reenter… Read More →

BOMA Greater Phoenix hosts inaugural industrial summit

Industrial Summit Header

The industrial market is hot, leading the way for both investment and development prospects in 2014 with expected prospects rising to almost the same level as the apartment sector last year. BOMA International is partnering with BOMA/Greater Phoenix to present its first Industrial Summit on Nov. 5 at the Renaissance Hotel Downtown Phoenix, 50 E.… Read More →

Alter Asset Management named PM for Corridors

rsz_corridors_phoenix

Alter Asset Management (AAM) has been awarded the contract to provide comprehensive property management services for the 80-acre Corridors – Phoenix mixed-use park.  Comprising four buildings totaling 164,410 SF, the park was recently acquired by Adler Realty Investments, Inc. Samuel F. Gould, President of AAM, made the announcement. Adler Realty Investments, Inc. (Adler) is a… Read More →

Rainbow Housing has signed 7 contracts in 2014 so far

RainbowHousing, WEB

Rainbow Housing Assistance Corporation (Rainbow), a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, signed seven new contracts bringing in more than 1,500 new units throughout Washington, California and Texas. Additionally in 2014, Rainbow added three new clients to its service portfolio as well as several service-oriented… Read More →

Lincoln Property Co. wins International BOMA Award

AZGF 10x4, WEB

Lincoln Property Company (LPC)’s LEED Platinum Arizona Game & Fish (AZGF) Department Headquarters in Phoenix is among only 14 buildings from across the world to earn an International BOMA “The Outstanding Building of the Year” (TOBY) award at this year’s BOMA conference, held last week in Orlando, Fla. The TOBY awards are directed by the… Read More →