camelback corridor Archives

Demand for Class A office space improves vacancy


Cushman & Wakefield announced that the Metro Phoenix office vacancy dropped to 18.9% in the third quarter, largely due to demand for prestigious, Class A space. The metropolitan area has added nearly 45,000 jobs in the past 12 months with almost one-third of those being office sector jobs. Demand for office space led to the overall vacancy… Read More →

Colliers completes the sales of multifamily complex Tim Wege

Colliers International in Greater Phoenix recently completed two sales for one buyer, Investment Property Associates (IPA) of Grand Haven, Mich. The buyer purchased the 395-unit Sienna Springs apartment complex for $20.5 million and the adjacent Willowick Square office building for $5.9 million, both in Phoenix. Both properties are located on the southwest corner of North… Read More →

Phoenix Children’s expands to Biltmore Commerce Center

Best Public, Commercial Buildings - AZRE Magazine September/October 2011

Phoenix Children’s Hospital has committed to a 27,265-square-foot office lease at Biltmore Commerce Center, a Class A Camelback Corridor office building that was purchased just months ago by office investment and management expert Lincoln Property Company (LPC) and a fund managed by Oaktree Capital Management, L.P. (Oaktree). The company will move into Biltmore Commerce Center next month,… Read More →

$18.25M financing secured for development of Edison Midtown

Edison Midtown rendering

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured $18.247 million in non-recourse construction financing for the development of Edison Midtown, a $30.5 million, 110-unit for-sale condominium project in Phoenix’s Midtown neighborhood. HFF worked on behalf of the developer, Deco Communities (Deco), to place the 60-percent loan-to-cost, non-recourse, three-year construction loan with a commercial… Read More →

Wetta Ventures redevelops prime Camelback Corridor site

Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade. Caldwell & Ober law firm currently occupies the 12,130 square foot, two-story building that will be redeveloped into retail and… Read More →

Dan Mann launches 3engineering

by in AZRE Magazine | Featured | In The Spotlight

In just over one year, young civil engineer, Dan Mann, PE, started a new multi-disciplined firm, takes office space in the Camelback Corridor and gains multiple clients in his area of specialization. Mann, who has been practicing civil engineering in Phoenix for more than 13 years, believes the success he has experienced in this short… Read More →

Chris Toci named top producer at Cushman & Wakefield


Cushman & Wakefield of Arizona, Inc. has announced its top producers for 2014.  For the second straight year, Chris Toci, executive director in the Capital Markets group, led the Phoenix office. Toci negotiated investment sales totaling $290.4 million and approximately two million square feet in a variety of property types, including corporate campuses, Class A… Read More →

Intravest Title adds sixth Arizona location


Intravest Title Agency, Inc. has officially secured its sixth location: the Scottsdale Area Association of Realtors® (SAAR) new headquarters. The title company has been rapidly expanding since March 2014 and was chosen by SAAR to be one of only four carefully selected tenants to join its new building. Intravest Title is one of the premier… Read More →

UMB Bank opens Biltmore location


In the back of a large, architecturally beautiful, glass building on Camelback and 28th Street resides the newest bank to the Biltmore area, UMB Bank. UMB Bank, a previous resident to the Biltmore area, has returned and brought with them hopes of improving their community. “We want to become focused and help the community. Most… Read More →

UMB Bank Announces New Camelback Location

Jim Patterson, CEO of UMB Bank in Arizona.

UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), announces the opening of a new full-service banking center in Phoenix, Ariz. The new center will be located in the prestigious Camelback Corridor at 2777 E. Camelback Road and will replace the company’s current Raintree location. UMB plans to move into the new location… Read More →

ViaWest Group completes $5.2M sale of Northbank Office Building

Northbank Office
by in AZRE Magazine | Brokerage

ViaWest Group announced the sale of Northbank Office Building, a two-story suburban office building in Phoenix, for $5.2 million. The ±31,231 square foot, multi-tenant property located at 5110 North 40th St., was built in 1983 and completely renovated in 2005, with additional upgrades in 2013. It is part of the master-planned Northbank Office Park, which… Read More →

Latest leasing deals bring 3131 & 3133 Camelback to full occupancy

by in AZRE Magazine | Brokerage | Featured

Cassidy Turley announced that it completed leases of 13,782 square feet with Kforce, Inc., 7,468 square feet with Lawyers Title, 6,293 square feet with GL Legacy Commercial Advisors, Inc., and 2,250 square feet for Newmark Realty Capital at 3131 and 3133 East Camelback Road in Phoenix. Cassidy Turley Managing Director Trevor Klinkhamer and Senior Vice… Read More →

JLL earns exclusive leasing assignment for Esplanade office towers

The Esplanade

After an extensive vetting process, the Phoenix office of JLL has been selected as the exclusive leasing agent for the four Class A office towers at The Esplanade.

NB|AZ Announces Opening of Camelback Wealth Center


National Bank of Arizona (NB|AZ) announced the opening of its new Camelback Wealth Center, which strengthens its commitment to the community and clients around the Camelback Corridor. The existing branch location at 4040 East Camelback Road was remodeled into the new wealth center, which blends executive banking and private banking under one roof. As one… Read More →