In The Spotlight Archives

Architect John Williams joins Gensler

Gensler, the leading global design firm, announced john Williams, AlA as a senior project architect of their Phoenix firm. Williams brings more than 35 years of experience to his new role at Gensler, with expansive technical expertise and demonstrated leadership in managing projects for both public and private sector clients. He is a registered architect… Read More →

Offroad truck design firm leases 62KSF in Mesa

March 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

A Mesa-based offroad truck and SUV design and parts manufacturing company has signed for a 3-plus year lease at 308 S. Extension Rd. in Mesa. The property is comprised of a 44,004 SF and a 22,706 SF building. Matt McDougall and Matt Fredrick, Principals with Lee & Associates represented both sides of the transaction. The… Read More →

Phoenix firm buys El Paso industrial portfolio

CBRE announced the sale of a four-building, 245,745-square-foot industrial portfolio in El Paso, Texas, on behalf of New York-based Sullivan Crosby Trust. Phoenix, Arizona-based ViaWest Group purchased the portfolio in an off-market transaction for an undisclosed price. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora, with CBRE’s El Paso office, represented the seller. The buildings are… Read More →

CoreNet Global event discusses UA, Banner Health merger

Rendering, planned clinical tower, Banner-University Medical Center Tucson. Image courtesy of Shepley Bulfinch.

The merger of Banner Health and the University of Arizona Health Network highlights the stark challenges that academic medical centers face in the new economics of healthcare, according to modernhealthcare.com. The Banner/UAHN acquisition will be the topic of the CoreNet Global Arizona’s Annual Signature Event. “Transforming the Healthcare Landscape in Arizona” will be moderated by… Read More →

A/V technology is the fifth utility

Courtesy of CCS
March 25, 2015 by in AZRE Magazine | Featured | In The Spotlight

Shopping malls, doctors’ offices, corporate board rooms, restaurants and student classrooms are just a few of the common places that feature engaging audio visual (A/V) technology. Before the boom of the digital age, construction planning included four main utilities: water works, electric, gas and telecommunications. Integrating audio visual equipment has often been an afterthought, typically… Read More →

Sagewood completes second phase of Casitas

Sagewood, a Life Care Services community featuring resort-like amenities and health care services for senior living, has completed construction on its second phase of casitas. A recovering housing market and strong community sales sparked the second phase of detached casitas, a duplex home option for seniors living at Sagewood. The stylish two-bedroom, den and two-and-a-half… Read More →

Project News Jan/Feb 2015

Esplanade rendering, courtesy of CBRE

➤ TIME AFTER TIME The historic Hayden House in Tempe (built between 1871 and 1873) was the birth place of Arizona Rep. and Sen. Carl Hayden in 1877. Over the years, it was converted to a boarding house and eventually a restaurant known as Monti’s La Casa Vieja. The 2.51-acre property, purchased by Hayden House… Read More →

Smithfield Properties opens @51 in Phoenix

Central Phoenix just got a new addition to its housing life with the opening of the new, ultra-hip @51 apartment community, a project brought to the Valley by Smithfield Properties, Chicago-based developer of high-end residences and adaptive reuse projects. Designed by San Francisco-based Berkelhamer Architects, @51 is a contemporary residence set between the Biltmore area and midtown Phoenix.… Read More →

Plexus Worldwide breaks ground on national HQ

Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named #8 on the 2014 Inc. 5000 list of fastest growing companies, announced it will break ground on a 70KSF national headquarters office building at the MainSpring Capital project at Pima Center on March 30 at noon. The company recently moved its warehouse… Read More →

Freeway Village sells for $5.75M

March 23, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate announced the closing of the Freeway Village located at 1455 South Stapley Drive in Mesa, Arizona for $5,750,000 ($63/SF) to a partnership between Schneider Family I, LLC based in Beverly Hills and the Weil Ernst Trust based in Mesa. The Seller was Freeway Village Shopping Center, Inc. based in Boulder, CO. The… Read More →

Airport I-10 announces three national tenant leases

Oblique & Renderings of Airport I-10-1

Just as Airport I-10’s 600KSF Phase I approaches completion, Wentworth Property Company/Clarion Partners and the Phoenix office of JLL have announced the signing of three major, national tenant leases that bring one of the largest speculative office projects in Phoenix history to more than 35 percent pre-leased. The new tenants at Airport I-10 include: •… Read More →

Best of NAIOP’s 2014 winners announced

Chris Toci of Cushman & Wakefield of Arizona, Investment Broker of the Year, 2014 Best of NAIOP Arizona awards event at the Arizona Biltmore. Courtesy of Peter Madrid, Cushman & Wakefield.

Kurt Rosene, head of NOVO Development, was honored with the Award of Excellence at the 2014 Best of NAIOP event at the Arizona Biltmore. Prior to helping found NOVO, Rosene directed land property development throughout North America for The Alter Group. While with Alter, Rosene oversaw more than 5 million square feet of real estate… Read More →

Class-A office space in Scottsdale sold to private investment firm

March 22, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Laurus Corporation, a U.S.-based private real estate investment and development firm, acquired Canyon Village, a 93,890-square-foot, four-building, institutional quality office park, occupying approximately 5.6 acres in the heart of DC Ranch, a mixed-use development, in North Scottsdale, Arizona. The building is approximately five minutes from the Loop 101 Pima Freeway, the primary Scottsdale access for… Read More →

Security Title Plaza sells for $18M

DTZ, a global leader in commercial real estate services, announced that Investors Warranty of America, Inc., a subsidiary of AEGON USA, has sold Security Title Plaza, 3636 N. Central Avenue in Phoenix. Heckethorn Towers, LLC, a unit of Reven Capital of La Jolla, CA, purchased the 219,032 square foot, 12-story office tower for $18 million.… Read More →