Bob Young Archives

Popular Scottsdale shopping center sells for $31M

Scottsdale shopping center
by in AZRE Magazine | Brokerage

CBRE Group, Inc., completed the sale of Scottsdale Towne Square, a 162,259-square-foot grocer-anchored center at 13802 N. Scottsdale Rd. in Scottsdale, Ariz. The seller, Holualoa Scottsdale Retail LLC, based in Tucson, Ariz., was represented by CBRE’s Phoenix Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham. The buyer is Salt Lake City-based Woodbury Corporation, a full-service… Read More →

CBRE completes $13.1M sale of Tri-City Pavilions

by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.… Read More →

Papago Arroyo sells for $40.85M

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 →

Cover Story – Subprime Shake Out

Subprime Shake Out Will a house of cards trump Arizona’s economy?   Fallout from the subprime mortgage lending mess is roiling Wall Street and roughing up the national economy. But in Arizona, at least so far, experts say its impact has been mostly psychological. “There is a perspective that we are in a crisis due… Read More →