Tag Archives: apartment hunters

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CBRE Negotiates Sale of Single-Tenant Building in Glendale

 

CBRE negotiated the sale of a 16,632 SF building at Glendale Corporate Center, a Class A office park north of the NEC of 99th Ave. and Camelback Rd. in Glendale.

The building is 100% occupied by the United States Marshals Service.

Barry Gabel, Mindy Korth and Ashley Brooks of CBRE’s Phoenix office represented the seller, HR GCC LLC, an entity controlled and managed by Los Angeles-based Regent Properties. The buyer was Glendale GSA LLC, an entity controlled by Titanium Real Estate Advisors in Chicago. The purchase price was not disclosed.

“This was the perfect match between buyer and seller,” Gabel said. “The seller originally purchased the building as part of a vacant three-building campus acquisition and successfully leased the building for 10 years to a tenant that the buyer is very familiar with. In fact, the buyer specializes in GSA properties, and this purchase marks their fourth GSA-leased asset acquisition in Arizona.”

Located at 5365 N. 99th Ave., the single-tenant office building sits in an amenity-rich area, minutes from Jobing.com Arena and the University of Phoenix Stadium, as well as numerous shops, restaurants and hotels. Its close proximity to the Loop 101 freeway offers easy access to many parts of the Valley via its connected highway system.

Kitchen designed by Faizi Urban Design

Have A Small Kitchen? Learn How To Make It Look Larger

Phoenix Metro is the 5th largest city in the United States, and we are seeing that more urban living optionsKitchen designed by Faizi Urban Design are growing. Unfortunately, these new smaller, urban living options — like lofts, condos and townhouses — are not as roomy as a traditional single-family home in the suburbs.

So, we end up compromising on some things — two bedrooms instead of three, tiny bathrooms, no wall space for your 32-inch plasma, and/or just enough room for a sink in the kitchen.

The kitchen is the heart of our home. Candlelit dinners, family brunches and birthday parties – they all begin here. A well laid out kitchen allows us to spend more time with loved ones; and a beautiful kitchen turns the cooking and baking hours into an enjoyable, warm experience.

Making the best use of a small space is tough, but it’s definitely achievable and well worth the initial planning you put into it. Smaller spaces just mean that you need to think a bit more creatively.

    TIPS TO MAKE YOUR KITCHEN LOOK LARGER

  • Think about choice of color.
  • Keeping walls and ceilings light and bright is always a top tip, especially if you have no windows.
  • Pay attention to the right type of flooring.
  • Sticking to the basics, choosing light cabinetry and opting for a darker bench top will create a flow between the walls, flooring and bench space and create an illusion of space.
  • The most expensive aspect of the kitchen is the appliances; try to stick with stainless steel or stainless steel finish products.
  • Think simple. Avoid cluttering this small space with too many counter-top appliances and accessories.

The exterior appearance of a small and well functioning kitchen is important. It is also just as important to feel happy in the space. The essentials to a kitchen are sometimes minimal, but without things like adequate bench space and the correct placement of appliances, you can become fairly dissatisfied pretty quickly.

Kitchen designed by Faizi Urban Design

Keep things simple and functional through cabinetry that has multi-leveled capabilities. Choose a trim-lined fridge and freezer systems, or chic, well-designed ovens and gas tops. Or, try open shelving with space for hooks and pot racks; these ideas are just the tip of the iceberg when it comes to selecting the fun stuff for your small kitchen.

So, if you don’t have the imagination or time to lay out your smaller kitchen, let an interior designer do the work so you can save, enjoy and have endless family meals in your new kitchen space.

For more articles by Omer, please visit www.faiziurbandesign.com/blog

Omer Faizi Room 3

Sellers Beware: Staging Can Help Sell Your Home!

It wasn’t just the tall cheetah print chairs, luminous red and green chandeliers strung from the ceiling, that were distracting. When apartment hunters stepped into the 5-floor studio for sale, they found a white leather upholstered bed with red and orange shimmering pillows, funky artwork and a hanging L.E.D. lamp giving off different shades of colors. Some said it reminded them of a set out of a science fiction movie.

Omer Faizi Room 4“Some would laugh,” said one of the listing brokers for the building. This was the model apartment for a condominium conversion project, and it was not selling itself, much less helping to sell other units in the same building as it was intended to do.

“They quickly realized that it hurt more than it helped,” the broker said.

I knew it would take more than replacing towels to make buyers feel comfortable in a space where even Lady Gaga might crave beige walls and cream couches.

With help from an interior designer, he had the white wood floors stained a darker shade and installed furniture more commonly found in Manhattan apartments, like a rectangular bed. He strategically placed on the kitchen counter martini glasses, a bowl of lemons and a shaker primed for after-work cocktails and left around reading material like the Sotheby’s catalog.

“This is the where I would live: said most of the people viewing the model, and a lot of people can identify with this,” said the new management team members as the owner walked through the new model unit.

The designer’s efforts had paid off.
 During the real estate boom, eager buyers bought units requiring enormous imagination to picture as homes: They bought un-built condos or empty spaces with blank walls. Today, buyers are much less likely to take risks on apartments, lofts, condos and single-family homes where they cannot figure out how to fit in their sofa bed or sideboard. So, brokers have been redecorating old model units or filling unfurnished apartments by doing it themselves, which can back fire if you don’t have the eye for design (to save cash), or by doing the smart thing, hiring a interior designer.

Omer Faizi Room 2The difference between three years ago and now is that you could have actually shown an empty apartment without much staging, the market was great, but now – we all know what is happening do I need to go any further?

For some high-end listings, the brokers will fill cabinets with fine china, not just “dishes in there from Kmart.” He has even had brokers fill closets of for-sale apartments with clothing like “Louis Vuitton, Prada, Chanel, and Paul Smith.”

If you’re going to hang anything in the closet, it should be a name brand that the buyer can relate to
. The clothing and accessories do not go to waste, they get moved to the next condo project.

But we must remember nothing comes cheap. There is a price to pay to hire a creative designer/team to execute a amazing sexy retro to traditional styles. So hire a designer who has the vision and can turn a blank canvas into a home – ”your home.”