camelback corridor Archives

CBRE completes sale of $39M office project

park one
by in AZRE Magazine | Office

Velocis, a private equity real estate fund, purchased Park One, a three-building, multi-tenant, Class A office development totaling 205,000 square feet in the Camelback Corridor in metropolitan Phoenix. A team of brokers including Barry Gabel, Chris Marchildon, and Kevin Shannon represented the seller, a joint venture between California-based McCarthy Cook & Co. and New York-based… Read More →

KBS REIT III renews lease at Anchor Centre

Anchor Centre
by in AZRE Magazine | Brokerage | Office

KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced the renewal of a 16,194-square-foot lease by Northwestern Mutual, a financial planning company, at Anchor Centre. The Class A, two-building office complex totals 333,014 square feet and is located in Phoenix’s Camelback Corridor. Northwester Mutual’s… Read More →

Colliers International scores leasing rights for Biltmore Center

Biltmore Center

ViaWest Group selected Colliers International in Phoenix as the exclusive leasing agent for Biltmore Center, previously known as Biltmore Financial Center, a landmark Class-A office complex at the northwest corner of 24th Street and Camelback Road. “The new ownership of Biltmore Center has embraced the evolution of office tenancy and is activating an environment that… Read More →

$5M SkySong restaurants project breaks ground

SkySong
by in AZRE Magazine | Construction

Wetta Ventures broke ground last week on a $5 million, multiple-restaurant development at SkySong, The ASU Scottsdale Innovation Center with completion expected by the end of the year. Prominently located at the northeast corner of Scottsdale Road and SkySong Boulevard, the new 12,000 square-foot development is expected to include three to four restaurants, one of… Read More →

FirstBank continues Arizona growth with new branch

123rf.com: qvist

FirstBank Holding Company, a holding company with 17 banking locations throughout Arizona, announced the opening of its newest branch in Phoenix at 4925 N. 20th St., Phoenix, AZ 85016. The 4,200 square-foot location officially opened in late December, near 20th Street and Camelback Road, and replaces a nearby older local branch. Across Arizona, Colorado and California, FirstBank has more than 120 branches. To celebrate its opening, the public… Read More →

Marcus & Millichap sells CenPho multifamily portfolio

Marcus & Millichap
by in AZRE Magazine | Brokerage | Multi-Family

Commercial real estate investment firm, Marcus & Millichap (NYSE: MMI), announced the sale of its Lin Lor Portfolio, a 71-unit portfolio with four properties located in the Camelback Corridor and Biltmore area, for $5,112,000. Rich Butler and Brian Tranetzki, multifamily investment specialists in Marcus & Millichap’s Phoenix office had the exclusive listing and negotiated the… Read More →

Demand for Class A office space improves vacancy

152504631

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

123rf.com: 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

3EngineeringReshoot_resized-1013x672
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

OLYMPUS DIGITAL CAMERA

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

housing.prices

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 →