CBRE Archives

CBRE completes $66.4M sale of Camelback Commons

by in AZRE Magazine | Brokerage | Office

CBRE Group, Inc. has completed the sale of Camelback Commons, a ±322,406-square-foot office campus located at 4722 and 4742 N. 24th St. in Phoenix. The two building, Class A office property commanded a sale price of $66.4 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, a joint venture between California‐based… Read More →

6-story multifamily project in Central Phoenix secures financing

by in AZRE Magazine | Construction

Hunt Investment Management, a Hunt Companies affiliate, Tilton Development Company, Civitas Capital Group and Ryan Companies US, Inc. announced today the close of financing for a six-story multifamily project in central Phoenix. The partnership group of Hunt Investment Management, Tilton, Civitas and Ryan acquired  the 1.56-acre site located at Central Avenue and Willetta Street, south… Read More →

Henkel seeking buyer for iconic Scottsdale headquarters

The prestigious North Scottsdale office market — home to several of Arizona’s largest and most notable employers, including HonorHealth, Vanguard, Fender and Quicken Loans — now boasts one of the most desirable investment/occupier opportunities in the country with the Henkel headquarters now on the market. German-based consumer products global leader, Henkel, is seeking a buyer… Read More →

Seattle investors buy Ahwatukee apartments for $85.25M

Ahwatukee apartments Andante
by in AZRE Magazine | Brokerage | Multi-Family

A 576-unit, Class A multifamily complex, Andante, was sold to a Seattle-based real estate investment firm for $85.25 million, according to CBRE, the brokerage firm that worked on the deal. Andante is located at 15801 S. 48th St., in Phoenix’s Ahwatukee submarket. The apartments are located west of Interstate 10 with visibility along Chandler Boulevard. Tyler… Read More →

Carol Schillne joins CBRE as first vice president

CBRE Group, Inc., has announced that Carol Schillne has joined CBRE’s Phoenix office as a First Vice President. Ms. Schillne will focus on agency and landlord leasing for retail properties throughout the greater metro Phoenix area. An accomplished retail professional with 23 years of retail brokerage experience and nearly seven years of experience on the… Read More →

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 →

300,000 SF built-to-suit lease announced for 52-acre Tempe development

Tempe development at Rio2100
by in AZRE Magazine | Site Selection

Rio2100, a 52-acre mixed-use development under construction at the intersection of Loop 202 and Loop 101 in Tempe, Ariz., has the announced execution of a 300,000-square-foot build-to-suit lease with Freedom Financial Network. Bryan Taute and Charlie von Arentschildt with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, The Boyer Company. Freedom Financial… Read More →

Health tech firm leases space in warehouse district for new offices

Health tech firm in Downtown Phoenix warehouse district
by in AZRE Magazine | Brokerage

CBRE Group Inc. negotiated a 26,174-square-foot lease in the Downtown Phoenix Warehouse District. Arizona-based Scientific Technologies Corporation, a health technology innovation and services company, will occupy the warehouse-turned-office-space. Corey Hawley and Jimmy Cornish with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, 1st Buchanan LLC. Jim Sadler and Darius Green with Keyser represented Scientific… Read More →

Gilbert Orbital ATK offices sell for $5.5M

Orbital ATK offices in Gilbert
by in AZRE Magazine | Industrial

A California-based investment firm purchased the Orbital ATK offices in Gilbert near Baseline Road and Country Club Drive for $5.5 million. The 73,283-square-foot industrial facility at1405 N. Fiesta Blvd. in Gilbert was sold to Abington Emerson Investments by an undisclosed seller. The single-story industrial facility sits on a 5.2-acre site and was built in 1998. “Fiesta… Read More →

CBRE and ViaWest complete $23.3M sale in Chandler Midway Corporate Center

by in AZRE Magazine | Brokerage | Office

On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based ViaWest Group. The buyer was Encino-Calif.-based Kramer-Wilson Company,… Read More →

Scottsdale Executive Office Center sells for $37.5M

Scottsdale Executive Office Center
by in AZRE Magazine | Office

CBRE recently completed the sale of Scottsdale Executive Office Center, a 181,238-square-foot Class A office campus located at 15880, 15990 and 16100 N. Greenway-Hayden Loop in Scottsdale, Ariz. Total consideration for the sale was $37.5 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based Perry Investment Trust No.1 LLC. The… Read More →

CBRE promotes Rocco Mandala to vice chairman

Rocco Mandala
by in AZRE Magazine | Newsmakers

CBRE Group, Inc. promoted Rocco Mandala vice chairman with CBRE Capital Markets, Debt & Structured Finance, in Phoenix. Since joining CBRE in 1995, Mandala has become a perennial top-10 percent originator nationally for CBRE Capital Markets, completing debt and equity transactions in excess of $7 billion. In 2016, Rocco was in the top three percent originator for all… Read More →

Journey to the top: CRE expert goes from intern to founder of own firm

by in AZRE Magazine

Before he was 23 years old, Jon Rosenberg was actively leasing, selling and managing properties all over Arizona. He earned his real estate license while still in school at the University of Arizona in Tucson, which was also when he began his commercial real estate career, training at both CBRE as well as Tucson Realty… Read More →

Brokers, developers and projects honored at 2016 Best of NAIOP

by in AZRE Magazine | In The Spotlight

The Arizona chapter of NAIOP honored developers, projects and brokers at its 2016 Best of NAIOP awards. This year, Grady Gammage Jr., a real estate and zoning attorney who was a founder of Gammage & Burnham, received the Award of Excellence at the ceremony, which was held at the Arizona Biltmore. Gammage has had a long career, which… Read More →