August – September 2006 Archives

Cassidy Turley Completes $1.07M Sale of Deer Valley Industrial Property

21601 21st Avenue_Pompay
by in Brokerage | Office

Cassidy Turley sold 21601 N. 21st Ave., a ±13,068-square-foot warehouse property in Phoenix. Bunker Hill, LLC. (Phoenix), purchased the property for $1,078,000 ($82.49/psf) from High Altitude Holdings, LLC (Anthem, Ariz.). John Pompay of Cassidy Turley’s Industrial Group represented the buyer. Eric Bell and Mike Ciosek, with VOIT Real Estate Services negotiated the transaction for the… Read More →

Liberty Center at Rio Salado Ready for Construction

Tempe Rendering - PR 9-9-13
by in Construction | Mixed-Use

Bulldozers and backhoes are in motion at Liberty Center at Rio Salado, the new sustainable mixed-use business park under development by Liberty Property Trust in Tempe at Priest Road and Rio Salado Parkway. The company is readying the location for construction with the recent approval of its site plan by the City of Tempe. “Rising… Read More →

CBRE Completes $23.5M Sale of Elliot Corporate Center in Tempe

Elliot Corp Center

CBRE arranged the sale of Elliot Corporate Center located at 875 W. Elliot Road in Tempe, Ariz. The 223,392 square-foot office building commanded a sale price of $23.5 million, or $105.20 per square-foot. Jim Fijan and Will Mast with CBRE’s Phoenix office represented the seller, tenants-in-common owners through Costa Mesa, Calif.-based Thompson National Properties LLC… Read More →

Sperry Van Ness Represents the Seller in a 16-Unit Office Condo Portfolio Sale in Surprise

The Offices at Reems.
by in Office

Justin Horwitz, Nicole Ridberg and Neil Sherman of Sperry Van Ness, LLC, in Phoenix represented Pacific Western Bank in the sale of the Offices at Reems, a 16-unit office condo portfolio located at 15515-15571 N. Reems Road in Surprise, Ariz. The bank-owned shell and built-out condo units sold for $1,350,000 or $56 per square foot… Read More →

Mike Mahoney Awarded Sundt Construction Lifetime Achievement Award

Michael Mahoney Cut
by in Newsmakers

Mike Mahoney, a general superintendent who most recently worked on Sundt Construction’s federal projects, was recently given a Lifetime Achievement award, underscoring Sundt’s core values of longevity and loyalty. The award is not given annually; instead, it is only presented when warranted. This is the third time in the company’s 123-year history the Lifetime Achievement… Read More →

CBRE Hosts City-Wide Clothing Drive

by in Business News

Commercial real estate services firm CBRE is holding its third annual, city-wide business clothing drive called PurSUIT of SUCCESS, benefiting two nonprofit organizations that provide job training and career counseling to women and men throughout the Phoenix area. The two beneficiaries of the business clothing drive are: Fresh Start Women’s Foundation, a nonprofit organization dedicated… Read More →

McCarthy Building Companies Announces A Pair Of Promotions

Scott Canada & Eric Doran
by in Business News | Newsmakers

Scott Canada, pre-construction director for solar installations at McCarthy Building Companies, was recently promoted to director of the company’s growing Renewable Energy team within the Southwest Division. In this role, Canada will use his 15 years of experience in the solar industry to oversee a diverse portfolio of solar and energy related projects in Arizona,… Read More →

Protecting Your Mexican Real Estate Investment

Mi Casa, Su Casa

Mi Casa, Su Casa Protecting your Mexican real estate investment By David M. Brown Contrary to what you may have heard, Americans, or any non-Mexican nationals, can purchase property fee simple (or direct deed) in Mexico except when the property is in the restricted zone: 32 miles from the shoreline or 62.5 miles from the… Read More →

Urban Living Trends and Design

Urban Living

Urban Living Trends and Design What do the experts say on the Valley’s latest housing fad? By David M. Brown Developers are investing billions of dollars into urban-living newbuilds and renovations. Lofts, condos, townhomes in a variety of configurations and high-rises are attracting an array of buyers, from Millennials and Gen Xers to Baby Boomer… Read More →

Surging Hispanic Population Growth Creates Opportunity, Challenges

Arizona Majority

Arizona’s Majority Minority Surging Hispanic population growth creates opportunity, challenges   Arizona’s population is changing as fast as its landscape. At present, approximately 1.6 million Hispanics, or one in four Arizonans, call the Grand Canyon State home. Since 40 percent of the state’s population now consists of Hispanic and other minority residents, the U.S. Census… Read More →

Mega Retailers Provide Optimum Outdoor Opportunities

Mega Retailers

Gone Fishing Mega retailers provide optimum outdoor opportunities, but how do cities lure them here in the first place? By Mica Thomas Mulloy Glendale and Mesa may as well be bringing amusement parks into their respective towns. Upcoming additions to the cities are expected to draw millions of visitors each year—many traveling from hours away—and… Read More →

Schools Feel The Pinch When It Comes To Growth In West Valley

AZ schools

Growing Pains Schools feel the pinch when it comes to growth in the West Valley By Lori K. Baker It’s back-to-school time. Will the children in the West Valley’s new residential developments have a neighborhood school to attend? At first, that question might strike you as odd. After all, many consider school the cornerstone of… Read More →

West Valley Looks To Improve Transportation Efforts


Finding Solutions to Gridlock West Valley looks to improve transportation efforts By Debra Gelbart Transportation issues affect the entire Valley of the Sun, of course, but they are particularly weighty in the West Valley, where lack of sufficient freeway miles and the dearth of motorist-friendly roadways are taking a toll on commerce, economic development, tempers… Read More →

Hispanic Chamber To Push For Guest Worker Program

Baby Steps

Baby Steps Hispanic Chamber to push for guest worker program By David Schwartz They are the lessons pulled from the history books and reinforced in the mind of a 12-year-old boy working in the picking fields of Holtville, a small agricultural enclave in Imperial Valley, Calif. It was there that young, macho Harry Garewal learned… Read More →