In The Spotlight Archives

Marcus & Millichap closes the sale of 3 properties feverpitched

Wells Fargo Marcus & Millichap announced the sale of Wells Fargo Ground Lease, a 4,692-square foot net-leased property located in Marana, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,118,000. Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing… Read More →

C & W | PICOR early October transaction list Oleg Dudko

SALE Synergy Plaza, LLC purchased the former McMahon Plaza in Tucson, located at 2941 – 2959 N. Swan Rd. & 4626 – 4646 E. Ft. Lowell Rd., from Western Alliance Bank for $5,000,000. The 46,933 square foot mixed-use property includes office, retail and restaurant space.  The project will be rebranded as “Synergy Plaza”.  The restaurant… Read More →

ORION closes Tucson medical center for $3M

1925 W Orange Grove

Orange Grove Medical Center, a 40,782 total square foot multi-tenant office building, sold for $3,000,000, or $73.56/SF. The property is located on the southeast corner of Orange Grove Road and La Cholla Boulevard in Tucson, Arizona. Constructed in 1988, the medical center sits on fee ground at the Northwest Medical Center Campus and was approximately… Read More →

CBRE releases September transaction report

721 N 4th Avenue

CBRE’s Tucson office has released the following transaction report for September: LEASES WirelessPCS, LLC has leased 2,200 square feet of retail space at 1841 and 1845 S. Craycroft Road from Ashraf Shiha. The tenant was self-represented. Michael Laatsch with CBRE’s Tucson office represented the landlord. Oasis Foods, LLC has signed a 3,300 square-foot lease of… Read More →

Massive expansion In Chandler’s Price Road Corridor

consumer behavior

If building 650,000 square feet that is one hundred percent leased in Chandler’s Price Road Corridor wasn’t enough, the Douglas Allred Company now wants to increase that amount nearly fourfold. To be known as Park Place II, Allred will soon be filing its application with the City of Chandler for up to two million square… Read More →

Villas at Cave Creek in Phoenix now under new ownership

Villas at Cave Creek
October 4, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, has sold Villas at Cave Creek, a 696-unit multifamily community in Phoenix. The terms of the sale were not released. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller,… Read More →

C & W | PICOR rolls out another September transaction list feverpitched

SALE Dreamstyle, LLC purchased an 11,055 square foot building at 3925 N. Runway Dr. in Tucson from New Apollo Investments, LLC for $475,000.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Tony Reed with Long Realty Commercial, represented the buyer in this transaction. LEASE Preferred Pump & Equipment, LP… Read More →

Fundrise funds Starbucks-anchored center in Tempe Sergey Kohl

Fundrise (, the country’s first platform for online real estate investment, announced that it has provided Birtcher Anderson Realty $3.1 million in construction financing for a Starbucks-anchored retail development in Tempe, Arizona. Jay Maddox of commercial real estate services company, Avison Young, arranged the transaction, which is quite possibly the first-ever crowdfunded commercial construction loan.… Read More →

P.B. Bell set to open The View at Cascade

The View

P.B. Bell, a leader in multi-family housing development, management and acquisitions, is preparing to open The View at Cascade, its newest community in Scottsdale.  Located at Scottsdale Road and the Loop 101, The View at Cascade is a modern, luxurious community that features one- and two-bedroom residences nestled in an upscale, resort-style atmosphere. The community… Read More →

Will to Win: The Evolution of NAIOP Arizona

Night at the fights
October 3, 2015 by in AZRE Magazine | Events | Featured | In The Spotlight

NAIOP Arizona’s events can draw a crowd. About 750 people attended the group’s signature Night at the Fights event in 2015. However, commercial success was an effort of dozens of chairmen, formerly referred to as presidents. In fact, one former chairman joked that all you had to do was miss the wrong meeting to be “awarded”… Read More →

North Loop 101 business center sells for more than $41M

N  Loop 101 Photo

CBRE has announced the sale of North Loop 101 Business Center in Phoenix. The class A, multi-tenant business park is comprised of four buildings: 950, 960 West Behrend Drive and 19810, 19820 North 7th Avenue. The property commanded a sale price of $41.75 million. Dan Calihan, Ashley Brooks, Pat Feeney and Rusty Kennedy with CBRE’s… Read More →

The Standard is Old Town Scottsdale’s newest resident

The Standard Exterior Rendering

Experience innovative luxury living at Scottsdale’s newest apartment community, The Standard. Located in the heart of downtown Scottsdale’s thriving cultural and social hub, comes a host of unique apartment homes, drawing inspiration from mid-century modern style. Adjacent to the Hotel Valley Ho, an iconic 1950s landmark, The Standard blends design elements from the era with… Read More →

Lincoln Property signs 552,330 SF industrial lease


Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley. The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren Street in Phoenix. It will use… Read More →

RedFlex signs 2 leases to relocate operations

Talavi Corp Center Side Exterior, AZ
October 2, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Redflex Traffic Systems has signed two leases to relocate its Phoenix office operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ. Senior Directors Blaine Black, Sam Murik and Don Rodie and Associate Robb Vallier with Cushman & Wakefield represented… Read More →