In The Spotlight Archives

Deer Valley Medical Buildings achieves maximum occupancy

6704 Deer Valley lll Photo Exterior

Ensemble Real Estate Solutions has closed three new leases totaling 25,000 square feet at Deer Valley Medical Office Buildings II & III on the campus of HonorHealth Deer Valley Medical Center. These new deals bring the two medical office buildings (totaling more than 154,000 square feet) to 100 percent occupancy. Recent transactions that brought the… Read More →

CBRE recent transaction report for Southern Arizona

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CBRE’s Tucson office has released the following recent transactions: Stewart Title & Trust of Tucson has leased 1,917 square-feet of office space at 3573 E. Sunrise Dr., La Paloma from DHS Property Investments. The tenant and landlord were represented by David Montijo and Bruce Suppes with CBRE’s Tucson office. Fidelity Brokerage Services LLC has leased… Read More →

Brentwood apartment property in Phoenix sells for $9.65M

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Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Brentwood, a 224-unit apartment property in Phoenix. The asset sold for $9,650,000. Cliff David, a Marcus & Millichap vice president investments, and Steve Gebing, a senior director with Institutional Property… Read More →

Acacia Health Center undergoes $13.2M expansion

Acacia Health Center Exterior

Sagewood, a Continuing Care Retirement Community (CCRC) is expanding its onsite Acacia Health Center to double in size, according to Sagewood’s Executive Director, Stewart Ingram. The $13.2 million expansion will include another 36,300 square feet to Acacia Health Center at Sagewood. The addition of 60 beds will include a 20-bed memory care neighborhood and 40… Read More →

Tempe office warehouse building trades at $3.3 Million

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A 33,400 SF warehouse at 1917-1965 W. First St., in Tempe near Rio Salado Pkwy. and Priest Dr. sold for $3,316,010 or $99.28 per square foot in an all-cash deal. Rick Robertson, Principal with Lee & Associates represented both the buyer and seller in this transaction. The buyer was Danari Temple, LLC an investment partnership… Read More →

Zenefits continues rapid growth with new Tempe office building

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Zenefits, the free, cloud-based human resources technology company that automates and eliminates HR administrative work for businesses, has announced that due to its rapid growth and hiring it has signed a 10-year lease for a large, new office in Tempe, which will be its second office site in greater Phoenix. The San Francisco-headquartered company will… Read More →

Alliance Residential named “Top Companies to Work For”

123rf.com:  Elnur Amikishiyev

Alliance Residential, the largest multifamily developer and seventh largest multifamily manager in the nation, has been named one of CareerBuilder’s Top Companies to Work for in Arizona by Republic Media (The Arizona Republic, azcentral.com, La Voz) and CareerBuilder. This is Alliance’s second year on the annual listing. Companies are evaluated and selected based on a combination… Read More →

AZRE Source: Breweries tap into adaptive reuse of retail

SanTan Brewing Company
Photo by Mike Mertes, Az Big Media

Fifty-four-year-old Walter Crutchfield, principal and co-founding member of Phoenix-based development company Vintage Partners, is sipping on Oskar Blues Breweries’ Dale’s Pale Ale. It’s one of the beers hooked up to his office’s commercial grade tap, where craft beer flows often. “It’s a true American industry,” Crutchfield says. In the last five years, the craft beer… Read More →

$7M JLL Hangar sale shows Phoenix aerospace is flying high

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The Phoenix office of JLL has closed the $7 million sale of The Hangars at 5615, a major, state-of-the-art office and hangar facility with direct runway access to Phoenix Mesa-Gateway Airport, the hub of Phoenix’s up-and-coming aerospace corridor. Although the property is currently 100 percent vacant, it is being acquired by an investor with an expected commitment for… Read More →

SimonCRE purchases retail building from Los Olivos Norte

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Commercial real estate developer SimonCRE purchases a +/- 7,000 SF retail building from a popular Scottsdale restaurant located within the Sonora Village Shopping Center. The building is located at 15544 N. Pima Road in Scottsdale, just off Frank Lloyd Wright and the Loop 101 in Scottsdale, AZ. After nearly 20 successful years in business, Los… Read More →

AZRE Forum enlists industry leaders for panels

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AZ Big Media is hosting prominent Arizona commercial real estate professionals at its inaugural AZRE Forum, a mid-year industry update and forecast. “AZRE is the leading commercial real estate magazine in the Valley,” says editor Amanda Ventura. “The AZRE Forum is a new way for AZ Big Media and AZRE to reach its readership and… Read More →

Gila River Indian Community files lawsuit against FHA/ADOT

Tribes Pursue Retail Projects

The Gila River Indian Community (the “Community”) filed a lawsuit today challenging the recent decision by the Federal Highway Administration and the Arizona Department of Transportation to build the South Mountain Freeway along a path that borders the Community and that runs directly through the South Mountain, land that is sacred to Community members. According… Read More →

Ryan Companies and Group Health Cooperative break ground

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Officials from Group Health Cooperative, Ryan Companies US, Inc., and the city of Renton broke ground for their new operations facility in Renton, Washington. Renton Mayor Denis Law joined Group Health President and CEO Scott Armstrong and Ryan Companies US President and CEO Pat Ryan to mark the beginning of the construction project. “Group Health… Read More →

Hines commences construction at Chandler Viridian

Chandler Viridian, CBRE

Hines, the international real estate firm, has commenced construction on the infrastructure at Chandler Viridian and is moving forward with the design of the Class-A, six-story office building for the mixed-use property’s master plan development. Chandler Viridian, located at the northwest corner of the Loop 101/Loop 202 interchange in the heart of the Price Corridor… Read More →