arizona Archives

ABI Multifamily hires VP to Phoenix HQ

ABI Multifamily

The expansion of the ABI Multifamily‘s Phoenix Headquarters continues with the welcoming of Royce Munroe as Vice President of the Mid/Small Apartment Group. “Royce provides an extremely unique and valuable perspective to our organization; specifically, he co-founded and led Southwest Realty and Property Management prior to its acquisition and was responsible for over 1,200-plus residential… Read More →

Glendale Manor Apartment Homes sold for $10M

Glendale Manor Apartment Homes (Photo courtesy of ABI Multifamily)

ABI Multifamily, a multifamily brokerage and advisory service firm, announced the sale of the Glendale Manor Apartment Homes for $10 million on Monday. The 328-unit complex sits on 11.71-acres of land less than one mile from Downtown Glendale and includes 39 total buildings plus the leasing center. The property, built in phases between 1963 and… Read More →

Tyler Smith joins NAI Horizon office property team

Tyler Smith

NAI Horizon welcomed Tyler Smith to the company’s office property team as the Senior Vice President. His experience stems back 19 years including work on commercial land sales, marketing office buildings and condominiums for sale and lease in addition to tenant and buyer representation. Tyler previously worked at Colliers International, Cavan Commercial and the former… Read More →

Gardner Capital develops $18M senior housing community

Gardner Capital

Gardner Capital Development moves forward on plans to develop the El Caro Senior Residences in Phoenix after being awarded a reservation of Low Income Housing Tax Credits from the Arizona Department of Housing. The $18 million affordable senior housing project consists of 102 energy-efficient one- and two-bedroom apartments on 5-acres of land located at 19th… Read More →

How Arizona hikers can avoid bee attacks

Extreme Sport, Arizona Adventures

Recent bee attacks turned a normal summer day into a deadly encounter. Last month, a 22-year-old Louisiana man died after being stung more than 1,000 times while hiking in Usery Mountain Park in Mesa. Alex Bestler was walking with a friend when bees attacked. Bestler’s friend was able to escape the bees by running into… Read More →

Large tech companies are critical to a startup community

Self-Service Technologies, Technology
by in AZ Business Magazine | Tech

During a recent interview on the local tech startup community, I was asked to list the features of a vibrant startup ecosystem. I ticked off the standard items like access to capital, research universities, smart people, support, and a positive regulatory and tax environment. But I felt like something was missing. Later that week, I… Read More →

CBRE brings Troon North Golf Club to market

Troon North Golf Club
Overview, Pinnacle Course
Scottsdale, Arizona
by in AZRE Magazine | Brokerage

CBRE has been tapped to market the iconic Troon North Golf Club for sale in Scottsdale, Arizona. Designed by golf icons Tom Weiskopf and Jay Morrish, both courses at Troon North have been ranked by Golf Magazine as one of the “Top 100 Golf Courses You Can Play” and considered by many to be a… Read More →

IPA starts building Generations at Ahwatukee

Flagstaff lost the highest percentage of construction jobs
by in AZRE Magazine | Construction | Medical

Investment Property Associates LLC (IPA) and Retirement Community Specialists (RCS) announced construction is now underway on its senior living community, Generations at Ahwatukee. The project, located at the southeast corner of Chandler Boulevard and 50th Street is targeted for completion by mid-summer 2017. The community will include a total of 137 units, comprised of 97 independent/assisted living… Read More →

The rise of the home-owning tourist

house

It’s no secret that Arizona is the place to be in the wintertime. The warm, sunny days coupled with a variety of events around the Valley often entice tourists to call Arizona their home for part of the year. As one of the top “snowbird” states in the nation, when should tourists consider transitioning from… Read More →

Mortenson Construction expands East Coast footprint

construction industry
by in AZRE Magazine | Construction

Mortenson Construction announced Wednesday it has expanded its operations in the Washington, D.C. area with the addition of a new office in McLean, VA. Mortenson has been serving the mission needs of the Federal Government across the United States for more than 30 years and currently has several projects underway in the Washington, D.C. area. “The expansion of our… Read More →

Sun State Builders completes Flagstaff DES

Sun State Builders
by in AZRE Magazine | Office

Sun State Builders announced the completion of the Department of Economic Security project in Flagstaff, Arizona. The single tenant office project is 50,000 square feet, three-Stories, and is beautifully incorporated into the pines of Northern Arizona. The fully occupied office space houses eight different departments for the State of Arizona, including Child Protective Services, Economic Security, Attorney… Read More →

Kingman hotel sells for $7.1M

Kingman hotel
by in AZRE Magazine | Hospitality

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Best Western Plus Kings Inn & Suites, a 100-room hotel property located in Kingman, Arizona. The asset sold for $7,100,000, according to Todd Manning, sales manager of the firm’s Las… Read More →

Skepticism and excitement in Tucson over potential hockey team

119906495

Hockey in the desert may be continuing to grow. On Tuesday, the Arizona Coyotes announced plans to purchase their American Hockey League affiliate, the Springfield Falcons, and move the team from Massachusetts to Tucson, pending approval of the league’s board of governors. The announcement said the relocated team would play at the Tucson Convention Center,… Read More →

Realtor.com says Gilbert is biggest boom town

downtown Gilbert AZ

Realtor.com® today released its list of America’s Top ‘Boom Towns’. Led by Gilbert, Ariz. (85297); Los Angeles (90012), and Dallas (75201), these neighborhoods are striking it rich when it comes to new home construction, job creation and an increasing number of households – the gold mine for housing market growth. “The strength of the residential… Read More →