Andrew Cheney Archives

NAIOP Arizona names chairman, board for 2016

by in AZRE Magazine

NAIOP Arizona named Bob Hubbard of LBA Realty as its Chairman for 2016. The commercial real estate industry group also named its new officers, five new board members and re-nominated an existing board member. Hubbard, Vice President at LBA, will be joined by officers Larry Probuba, Vice Chairman, The Opus Group; Matt Mooney, Programs Chair,… Read More →

Where obsolescence ends, new trend begins


A flour mill, a bowling alley, a former shopping mall. All of these retail centers have one thing in common — they’re fated to become creative office space. The life expectancy of older office buildings hangs in the balance along the streets of Midtown and other sub-markets in Arizona that saw extensive growth in the mid-80s.… Read More →

Construction begins on 4th SkySong office building


A new building is set to rise at SkySong, The ASU Scottsdale Innovation Center. It’s a necessity to keep up with market demand— the other three office buildings are now almost full with some of the Valley’s most exciting businesses. Construction on SkySong 4 began last week and is expected to be completed in about a year. Like SkySong 3, which opened in… Read More →

Desert Ridge Corporate Center reaches 95% occupancy

Desert Ridge-1
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Two office leases totalling 47,372 SF were leased at Desert Ridge Corporate Center I and II, 20830-20860 N. Tatum Blvd., in Phoenix. These transactions bring occupancy in both buildings to 95 percent. Lee & Associates principals Craig Coppola, Bill Blake, Colton Trauter, Andrew Cheney and Associate Gregg Kafka, represented the landlord in both of these… Read More →

Papago Arroyo sells for $40.85M

Papago Arroyo, courtesy of CBRE

CBRE announced Tuesday the sale of Papago Arroyo, a three-building office complex in Tempe. The 279,503 square foot, two-story office buildings are located at 1255, 1275, and 1295 W. Washington St. in the geographic heart of metropolitan Phoenix and Tempe office market. The asset commanded a sale price of $40.85 million. Bob Young, Glenn Smigiel, Steve… Read More →

Sights Are Set On Speculative Office

by in AZRE Magazine | Executive Q&A | Featured

Speculative office buildings are making their way back into the market, says Lee & Associates’ Andrew Cheney. “As of the end of Q1, 18 percent of the 2 MSF we had under construction is speculative,” he says. “Since then, a few notable projects including Hayden Ferry Lakeside III have kicked off 100 percent speculative. Where… Read More →

Online advertising co-op signs lease at SkySong 3

SkySong III

An advertising innovator changing the way companies advertise online will set up shop at SkySong 3 early next year. The company,, is relocating from east Indian School Road and will begin its five-year lease at SkySong on January 1, 2015. The layout of the space will be in line with the online ad company’s philosophy of a creative and collaborative environment.… Read More →

Gregg Kafka Promoted at Lee & Associates

Kafka, WEB
by in AZRE Magazine | Brokerage | Newsmakers

Gregg Kafka has been promoted to associate at Lee & Associates Arizona. He was a Runner with The Coppola Cheney Group for 30 months and will now join the team as a broker. Kafka specializes in the representation of office landlords and tenants in the leasing and sales of offi ce properties in the metropolitan… Read More →