CBRE Archives

Fox Restaurant Concepts expands corporate headquarters

by in AZRE Magazine | Blogs | Brokerage

Since 2012, Sam Fox’s corporate headquarters for Fox Restaurant Concepts has sat above The Henry, one of his signature restaurants, in a multi-tenant office complex called The Park located at 4455 E. Camelback Road in Phoenix. Recently, Fox announced the expansion of their corporate offices at The Park. Fox Restaurant Concepts and True Foods Kitchen,… Read More →

2017 RED Awards: And the winner is…

2017 RED Awards
by in AZRE Magazine

This year at the 12th annual Real Estate and Development (RED) Awards, AZRE recognized the top commercial real estate projects completed in 2016 along with the companies and people who made each one possible. Each year, AZRE receives hundreds of project nominations to be considered for a RED Award. Ultimately, three finalists projects are selected for each… Read More →

Scottsdale Airpark hangar and offices sell for $4.5M

Scottsdale airpark hangar
by in AZRE Magazine | Office

An executive office and hangar facility at the Scottsdale Airpark were sold for $4.5 million to Potts Properties LLC, according to CBRE, which worked on the Scottsdale sale. The newly purchased facilities are located at 15834 N. 80th St. in Scottsdale, and were sold by Hill Valley Real Estate Holdings LLC. Bill Bayless with CBRE’s Phoenix office… Read More →

Developers buy land along Central Avenue for mixed-use project

Central Avenue mixed-use project
by in AZRE Magazine | Brokerage

A partnership between three companies purchased 1.565 acres near Central Avenue and McDowell Road in Phoenix for $4.5 million, according to Colliers International. Ryan Companies, Tilton Development Company and Hunt Investment Company plan to develop a mixed-use project with residential and office components on the site, at the northeast corner of Willetta Street and Central… Read More →

The Highlands in Scottsdale sell for $48.5M

The Highlands
by in AZRE Magazine | Multi-Family

A 272-unit Scottsdale multifamily community was sold by its California-based owners to another California-based firm for $48.5 million, according to CBRE, which worked on the deal. The Highlands, a garden-style community with one, two and three-bedroom floor plans, was bought by Newport Beach-based Olen Properties from Irvine-based Bascom Group. Bascom Group was represented by Tyler Anderson, Sean… Read More →

CBRE to lease and market Buckeye Business Center

CBRE

Five Star Development enlisted CBRE to lease and market its 698,853 square-foot, multi-tenant Buckeye Business Center in Phoenix. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office will lead the marketing and leasing efforts for the Class A facility (8585 W. Buckeye Road) located along Buckeye Road between 83rd and 87th Avenues. Built… Read More →

BestCompaniesAZ names 100 Best Companies in Arizona

It is the purpose of BestCompaniesAZ and our calling – and has been for 15 years. We knew that better workplaces would create better lives, better communities, and more profitable businesses. Although it wasn’t about the money, the financial success was proven to be a benefit for best companies. Ten years ago, we were excited… Read More →

Casa Grande retail center sells for $4.45M

Casa Grande
by in AZRE Magazine | Retail

A two-tenant retail center in Casa Grande sold for $4.45 million to Amir Fateh Amirian by an entity formed by the Hinkson Company LLC, according to CBRE who represented the sellers in the transaction. The 45,327-square-foot retail center is home to a Dollar Tree and Mor Furniture For Less at 1314 E. Florence Blvd., in… Read More →

Tempe data center sells for $16.4M

Tempe Data Center
by in AZRE Magazine

A Florida-based investment firm purchased a Tempe data center from a Scottsdale-based development company for $16,400,000, according to Colliers International. The data center includes 44,244 rentable square feet and was 100 percent leased at the time of the sale. Korth and Kirk Kuller of Colliers International in Greater Phoenix and Luke Denmon of CBRE handled… Read More →

Peoria Avenue office space sells for $10.55M

Peoria Avenue
by in AZRE Magazine | Office

Desert Canyon 200, a 98,761-square-foot office space located at 2421 W. Peoria Ave. in Phoenix, was sold to Scottsdale-based G2 Capital for $10.55 million, according to CBRE. The seller was REEF Desert Canyon LLC, managed by Seattle-based Washington Capital Management. Barry Gabel, Chris Marchildon, Jim Bayless and Ashley Brooks with CBRE’s Phoenix office represented the… Read More →

Report: 2016 gross retail lease activity beats out 2015

by in AZRE Magazine | Retail

CBRE Research released its Q4 2016 Phoenix Retail MarketView and Big Box reports, and overall the Valley’s retail market performed well to close out the year. Top-level highlights included: Overall market fundamentals & general leasing activity: Q4 was highlighted by roughly 600,000 square feet of positive net absorption, which was the greatest amount of any… Read More →

Report: Phoenix office market ends 2016 with ‘strong momentum’

Phoenix
by in AZRE Magazine | Office

CBRE Research released its Q4 2016 Phoenix Office MarketView report, and overall the Valley’s office market finished the year much the way it started – with strong momentum and healthy lease activity. Driven by improving economic fundamentals and steady job growth, demand from office users can be seen in the significant amount of net absorption… Read More →

Yavapai County medical office sale breaks record

Yavapai County medical office
by in AZRE Magazine | Medical

CBRE has completed the sale of Thumb Butte Medical Center, a 12,000-square-foot Class A medical office building located at 3124 Willow Creek Rd., in Prescott. The property sold for $4.5 million, or $375-per-square-foot, a new high-water mark for a medical office building sale in Yavapai County, Arizona. The building is 100 percent leased to Thumb Butte… Read More →

Phoenix logistics center sells for $22.4M

Phoenix Logistics Center
by in AZRE Magazine | Industrial

An LEED Certified distribution center, the Santa Fe Logistics Center, in Phoenix was sold by Phoenix-based development and investment firm Tratt Properties for $22.4 million to national food distributor Greco & Sons Inc., according to CBRE. The local distributor of Budweiser, Hensley Beverage Company, occupies 112,669 square feet of the 367,963-square-foot industrial center located at 4450 N. 45th… Read More →