In The Spotlight Archives

JLL, Roger Staubach Predicting Victory for New England on Sunday

University of Phoenix, Glendale, 2015 Super Bowl

Oddsmakers see an even matchup in Sunday’s Big Game between the Seattle Seahawks and New England Patriots, but if commercial real estate statistics – and the view of a former title game MVP – are considered, Tom Brady should celebrate his fourth championship. JLL and its Americas Executive Chairman Roger Staubach are predicting a victory… Read More →

Metro Commons redevelopment sells for $7.8

Metro Commons

CBRE has completed the sale of Metro Commons, a multi-tenant retail center located at 3121 W. Peoria Ave. in Phoenix, Ariz. The ±17,755-square-foot, class A retail center commanded a sale price of $7.78 million. Andrew Fosberg, Cam Stanton, Chris Ackel and Molly Busch with CBRE’s Phoenix office represented the seller, an entity formed by Jacor… Read More →

Monterey Vista Village sells for $9.8M

Monterey Vista Village

ORION Investment Real Estate is pleased to announce the successful sale of Monterey Vista Village Shopping Center located on the Northwest corner of Pecos and McQueen Roads in Chandler, Arizona.  Monterey Vista Village is an 88,382 square foot center built in 2006 and sold for $9,800,000.  The property sits on 10.47 acres and is 77%… Read More →

Osborn Place apartments sell for $1.83M

CBRE has negotiated the following multi-family sales transaction:   Phoenix Fund IPIRG, LLC from San Diego, California has purchased Osborn Place apartment complex, a 30-unit, multi-family property located at 1414 East Osborn Place in Phoenix, Ariz. from EQ Downtown, LLC of Tempe, Ariz. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer… Read More →

Bella Place apartments sell for $7.7M

Bella Place

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Bella Place, a 280-unit apartment property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $7,725,000 which equates to… Read More →

Reliable Forklift Sales buys 3 acres, plans expansion

Daum Commercial Real Estate Services has negotiated the $1.337 million sale of a three-acre improved industrial land parcel located at the northeast corner of 21st Street and University Drive in Phoenix. Steve Bodeman with Daum Phoenix represented the buyers, Don and Mary Carlson, owners of Reliable Forklift Sales of Phoenix.  The seller, Swaine Asphalt of… Read More →

16KSF office building sells in Mesa for $1.19M

Mesa Springs, WEB
January 29, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc. announced the sale of 1234 S. Power Rd. in Mesa. Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Investment Group represented the seller, Mesa Springs LLC, and the buyer, Vista Capital Fund LLC. The ±16,333 SF, class-B office building was built in 1988 and is located adjacent to Superstition Springs Mall.… Read More →

ARCP REIT buys gas station portfolio for $40M

Gas Station in Florence, CBRE, WEB

CBRE has completed the sale of a twenty-four property gas station and convenience store portfolio for properties in Tucson and southern Arizona. The portfolio commanded a sale price of $39.75 million. Pete Villaescusa and Jesse Peron in CBRE’s Tucson office represented the seller, Reay’s Ranch Investors, LLC of Tucson. The buyer was a national REIT,… Read More →

Soilworks establishes its HQ in Scottsdale

RiverwalkArizona, WEB

On behalf of Arizona-based Soilworks, the Phoenix office of JLL has completed a class-A office lease in Scottsdale that establishes a new world headquarters for the company – a leader in dust control and soil stabilization technology. Soilworks moved into its new headquarters space this month. The location, at 7580 N. Dobson Road in Scottsdale,… Read More →

Washington Business Park sells for $11.15M

Washington Business Park

CBRE has completed the sale of Washington Business Park located at 5324-5330 E. Washington St. in Phoenix. The ±139,196-square-foot, four-building business park commanded a sale price of $11.15 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, BREOF AIP Phoenix, LLC of Toronto, Ontario, Canada. The buyer was Scottsdale-based CAM-10, LLC,… Read More →

West-MEC Southwest Campus to break ground Feb. 6

WASH FINAL, Mest Mex, McCarthy, WEB

McCarthy Building Companies recently began a $50 million new construction project, including site plan and infrastructure layout, for Western Maricopa Education Center (West-MEC) in conjunction with architect DLR Group. The West-MEC Southwest Campus project, which will be located at I-10 and Verrado Way in Buckeye, Ariz., will eventually serve 650 students in 12 to 14 different programs (including… Read More →

Prologis sells Phoenix warehouse for $24.25M

5555 W. Lower Buckeye Rd.

Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million, or $49.87 per square foot. Exeter Property Group, headquartered in suburban Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT. Executive Vice Presidents Don MacWilliam and Payson MacWilliam with… Read More →

Villa De Paz Plaza sells for $1.435M

indian_school, ORION, WEB
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate announced the sale of Villa De Paz Plaza located 1.5 miles from the Loop 101 on 107th Avenue and Indian School Road.  The plaza is located directly across from Fry’s Grocery Store and other major retailers. Villa De Paz Plaza is a 15,441 total square foot retail center with an additional… Read More →

California investor buys two Surprise office buildings

The Offices at Reems
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of two office buildings in Surprise, for $2.15 million, or $182.17 a square foot, which are presently leased to One Step Beyond Inc., a nonprofit of Peoria. Richards Family Trust of San Diego purchased the buildings, located at 15527 and 15331 North Reems Road, from Reems… Read More →