CBRE Archives

CBRE completes $42.65M sale of apartment communities

CBRE
by in AZRE Magazine | Brokerage | Multi-Family

CBRE finalized the sale of Highland Park and Park View, two multifamily communities totaling 472 units and located in Tempe. Together, the properties sold for $42.65 million. A joint venture sponsored by Scottsdale-based Everest Holdings purchased the communities from San Diego-based Stratford Partners. Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch negotiated the transaction with CBRE’s… Read More →

Valley Partnership leaders weigh in on the future of development

Photo: eutoch / 123RF Stock Photo

Valley Partnership’s mission is advocating responsible development. The advocacy group represents the commercial, industrial and masterplanned real estate development industry by presenting a balanced, pro-development perspective and the Valley’s best industry education and networking opportunities. But what should be the 25- or 30-year vision for Valley Partnership? What role do Valley Partnership’s leaders think the… Read More →

CBRE sells Courtney Village Apartments for $45.5M

Courtney Village
by in AZRE Magazine | Multi-Family

CBRE completed the sale of Courtney Village, a 368-unit multifamily community located at 4848 E. Roosevelt St. in Phoenix, Arizona. The property sold for $45.5 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, California-based PASSCO. The buyer was Denver-based Continental Realty Advisors. Developed in 2002,… Read More →

CBRE completes sale of Tamarron Apartments

Tamarron Apartments
by in AZRE Magazine | Brokerage | Multi-Family

CBRE completed the sale of the Tamarron apartments, a 328-unit multifamily community located at 4410 N. 99th Avenue in Phoenix, Arizona. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller. Joseph Dietz with Orion Investment Real Estate represented the buyer. “Tamarron is ideally… Read More →

How brokers convinced a manufacturer to move to Phoenix

Kierland One, where Carlisle Companies will be headquartered by the end of the year
by in AZRE Magazine | Brokerage

It’s not often that an Arizona broker can convince a North Carolina manufacturer to relocate its corporate headquarters to Phoenix. But that’s exactly what happened when Tom Adelson, executive vice president at CBRE, represented Carlisle Companies, a Fortune 1000 business that makes products that range from commercial roofing to cookware to aerospace components and generates… Read More →

CBRE completes sale of Gilbert manufacturing facility

Manufacturing
by in AZRE Magazine | Industrial

CBRE recently completed the sale of a ±124,144-sqare-foot manufacturing facility on 23.23 acres located near the full diamond interchange at US Highway 60 and Stapley Drive. The property is located at 619 N. Cooper Road in Gilbert. Evan Koplan and Mike Parker with CBRE’s Phoenix office negotiated the transaction. The seller was Phoenix-based Schuff Steel Company sold… Read More →

CBRE will market mixed-use Block 23 project

Block 23
by in AZRE Magazine | Office

CBRE will be marketing the three-story, 155,000 square-feet office portion of Block 23 at CityScape, the mixed-used project being developed by RED Development in downtown Phoenix. The property, located at the southeast corner of Washington and First Streets, is referred to as Block 23 because of its location in the original city plan. Jerry Roberts and… Read More →

Tempe bike shop to turn into breakfast joint

bike shop
by in AZRE Magazine | Retail

CBRE completed the sale of a free-standing retail property located at 111 W. University Dr., the former location of Ehrhardt’s Schwinn Bikes. The 3,288 square-foot retail property is situated on approximately 14,117 square-feet of land and the property sold for $1.7 million ($517 per square foot). The new owners plan to turn the retail space into a… Read More →

Jackie Orcutt and John Grady join CBRE

Esperança
by in AZRE Magazine | Newsmakers

CBRE announced today that Jackie Orcutt and John Grady have joined the firm’s Phoenix office as First Vice Presidents. Ms. Orcutt and Mr. Grady are two of the top industrial professionals in the metro area. Now part of CBRE’s market-leading Industrial & Logistics Services group, the duo will continue to focus their attention on providing… Read More →

CBRE completes sale of Stratford Plaza

Corporate and Commercial Photography  
by Mark Skalny 1-888-658-3686  
www.markskalny.com
#MSP1207
by in AZRE Magazine | Brokerage

CBRE has completed the sale Stratford Plaza located at 1219 E. Glendale Avenue in Phoenix. The ±20,400-sq.-ft. retail strip center was 84 percent occupied at time of sale and commanded a sale price of more than $2.27 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction. The seller was La Crescenta… Read More →

CBRE brings Troon North Golf Club to market

Troon North Golf Club
Overview, Pinnacle Course
Scottsdale, Arizona
by in AZRE Magazine | Brokerage

CBRE has been tapped to market the iconic Troon North Golf Club for sale in Scottsdale, Arizona. Designed by golf icons Tom Weiskopf and Jay Morrish, both courses at Troon North have been ranked by Golf Magazine as one of the “Top 100 Golf Courses You Can Play” and considered by many to be a… Read More →

CBRE closes sale of Shops at Arrowhead Gateway

Arrowhead Gateway
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale of the Shops at Arrowhead Gateway located at 17560 and 17570 N. 75th Ave. in Glendale, Arizona. The ±35,684 square-foot shops on an outparcel of Arrowhead Towne Center Mall commanded a sale price of $10.1 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction on behalf of… Read More →

Stratford Plaza sells for $2.27M

Stratford Plaza
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale of Stratford Plaza located at 1219 E. Glendale Ave. in Phoenix. The ±20,400 square-foot retail strip center was 84 percent occupied at time of sale and commanded a sale price of more than $2.27 million. Steve Julius and Jesse Goldsmith with CBRE’s Phoenix office negotiated the transaction. The seller was La… Read More →

CBRE appoints Darin Mellott to director of research

Tyler Smith
by in AZRE Magazine | Newsmakers

CBRE announced Wednesday that Darin Mellott has been promoted to Director of Research and Analysis for the Southwest Region. As part of CBRE’s industry-leading Research and Consulting group, Mellott joins a team of senior analysts around the country who develop in-depth insight and analysis on a variety of topics and trends impacting commercial real estate clients… Read More →