In The Spotlight Archives

California investor buys Black Canyon Business Park

Black Canyon Business Park, Cassidy Turley, WEB

Cassidy Turley announced that BKM Capital Partners (Irvine, California) acquired Black Canyon Business Park, a ±219,090 square foot business park at 8041 North Black Canyon Freeway for $13.1 million. The seller was Business Properties (Irvine, California). Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s Capital Markets Group and Vice President… Read More →

Ideation Design Group employee drafts path to recovery

Kuna Williams at his desk at Ideation Design Group. Photo by Kaleigh Shufeldt

Exactly one year ago, Kuna Williams walked into Ideation Design Group looking for a job. He knew the principals Carl Schaffer and Jennifer Reynolds from his past employment as a drafter for a fabrication company that had worked with Ideation. Within two weeks, Williams was drafting for Ideation and working with a great team. While… Read More →

Sought-after parcel in First Chandler Business Park sells for $2.2M

SEC Germann and Stearman

An 8.56 acre commercial parcel at the SEC of Germann and Stearman Roads sold for $2,221,000 or $5.95 per square foot. The fully-improved parcel is located within First Chandler Business Park and will be the future home of Crown Castle, a wireless infrastructure provider. Plans call for the construction of a 70,000 SF built-to-suit office… Read More →

CPI sells 10KSF industrial property in Mesa

1929 N Rosemont, CPI, WEB

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 10,093 SF industrial warehouse building located at 1929 N. Rosemont in Mesa, Ariz. Andy Jaffe, SIOR and Rex Griswold of CPI’s Tempe Office represented both the buyer and the seller in this transaction. The reinforced concrete building was built… Read More →

Western Career Institute signs lease at Black Canyon Hwy

WCI 1, CushWake, WEB

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease bringing a new location of Western Career Institute to 7107 N. Black Canyon Highway. The educational institution has leased the entire 6,805-square-foot, freestanding building and plans to take occupancy at the end of this year. Western Career Institute of Tempe is among the leading teaching… Read More →

Kitchell acquires 20-acre parcel near Sky Harbor

rsz_kitchell

Kitchell Development Company acquired nearly 20 acres at Interstate 10 and 28th Street, just south of Sky Harbor Airport in Phoenix for an industrial development. “Over the years we have developed several types of commercial projects including retail business parks, and multifamily, depending on the market climate,” said Senior Director of Development Ryan Cochran. “We’re… Read More →

The P.B. Bell Companies buys 2,759 apartment units

Alante at the Islands, 2222 N. McQueen Rd., Chandler.

The P.B. Bell Companies closed on the purchase of 2,759 apartment units in seven complexes throughout metropolitan Phoenix on Tuesday. The $168.5 million transaction represents the largest in company history and one of the largest sales in the Phoenix multi-family housing market since the economic downturn reset the real estate industry in 2008. The properties… Read More →

Cindy Winters purchases Eagle Commercial Realty

Cindy Winters, President and owner Eagle Commercial Realty Services

Eagle Commercial Realty announced today that its President, Cindy Winters, CPM®, CSM has purchased the firm from J. Paul Falbo, CRX, CSM, CPM®.  Winters has been with this Arizona-based commercial real estate property management and brokerage firm since 1997 and has served as president since 2009. “I am very fortunate to have worked with Paul for over 25 years. … Read More →

Silicon Valley Bank continues expansion in Arizona

Money Tree, WEB

Silicon Valley Bank, the bank of the global innovation economy, is extending its investment in Arizona by bringing additional IT and finance positions to its Tempe location in support of the company’s global operations. In addition, Silicon Valley Bank committed to lend or invest at least $100M to technology and life science companies based in… Read More →

Colliers’ Cooke Team brokers largest multifamily portfolio in Phoenix

Metro Value Add Portfolio, Colliers, WEB

The Cooke Multifamily Investments Team at Colliers International in Greater Phoenix completed the sale of a 2,759 unit-multifamily portfolio for $168.5 million. To date, the largest multifamily portfolio closed in Metro Phoenix and it could hold the record for 2014. The size of this Class A and Class B Value-Add Metro Phoenix Portfolio attracted attention… Read More →

Cushman & Wakefield: Phoenix industrial market hits healthy equilibrium

3401 W Papago - BBK, CushWake, WEB

The Metro Phoenix industrial market has reached a point of healthy equilibrium with overall vacancy at 11.8 percent and steady absorption, according to a report released today by Cushman & Wakefield of Arizona, Inc. “Transactions have become far more cooperative in this environment where landlords and tenants have reached a position of more equivalent expectations,”… Read More →

AECOM acquires Hunt Construction Group

AECOM headquarters in Los Angeles

AECOM, a global leader in infrastructure, announced that it has acquired Hunt Construction Group. The acquisition of Hunt will make AECOM a top U.S. builder, in particular in sports venues, airports and healthcare facilities, and add more than $1 billion in revenue. Through the acquisition, AECOM has the ability to serve clients as a fully integrated… Read More →

Stephanie Sandro named director of operations for Cushman & Wakefield

Stephanie Sandro, Cushman & Wakefield

Stephanie Sandro has been named Director of Operations for Cushman & Wakefield of Arizona.  A proven administrative leader in a variety of industries, Sandro will oversee the financial, administrative and human resources operations for the company in Arizona. Sandro brings to Cushman & Wakefield more than 12 years of operational leadership, having most recently served… Read More →

Second annual Kelly’s Kup registration is now open

Kelly's Kup1 2013, WEB

Caretaker Landscape and Tree Management presents Kelly’s at Southbridge’s second annual Kelly’s Kup Charity Golf Tournament, held at McCormick Ranch Golf Club on Monday, September 8. Proceeds from this event will benefit the Scottsdale Charro Foundation, a 501C3 which supports Scottsdale youth, education and local charities. Kelly’s Kup  is a four-person scramble with a twist:… Read More →