CBRE Archives

LaneTerralever relocates to expanded office space at Missouri Falls

by in AZRE Magazine | Office

Nationally recognized marketing service agency LaneTerralever, is relocating from its 22,864 SF, Midtown headquarters at 725-733 W. McDowell Rd., Phoenix to a larger office at Missouri Falls, 645 E. Missouri Ave., Phoenix, where they signed a 7-plus year, 25,625 SF lease at the Class A office building. The firm will continue to lease back space… Read More →

CBRE: Big box leasing activity fuels Phoenix retail market

by in AZRE Magazine | Retail

CBRE Research has released its Q2 2017 Phoenix Retail Market View and Q2 Phoenix Retail Big Box Report, and healthy levels of positive net absorption, steady big box leasing activity and a notable decline in the market-wide vacancy rate all point to a strong retail market in the second quarter of 2017.  “With steady job… Read More →

Phoenix industrial market hits lowest vacancy rate since 2006

by in AZRE Magazine | Industrial

The Phoenix industrial market reflected strong growth and a healthy local economy during the second quarter, according to CBRE research. Net absorption increased from 1,673,016 square feet (sq. ft.) during the first quarter of 2017 to 3,118,456 sq. ft. during the second quarter of the year. Meanwhile, overall vacancy decreased from 8.2% to 7.7% during Q2… Read More →

Don’t miss the inside scoop on CRE at tomorrow’s AZRE Forum

AZRE Forum
by in AZRE Magazine

With more than half of 2017 behind us, it’s time for AZRE’s commercial real estate mid-year market update and forecast, AZRE Forum. The forum will be held at the Camby, along the Camelback Corridor, on Thursday, Aug. 3 from 3:30 p.m. to 6 p.m. Tickets can be purchased directly online. Three panels at the AZRE… Read More →

Meet AZRE Forum panelist: Jackie Orcutt of CBRE

Jackie Orcutt
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Jackie Orcutt, first vice president of CBRE, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

CBRE completes $32.5M sale of San Paulo Apartments

by in AZRE Magazine | Multi-Family

CBRE has completed the sale of San Paulo, a 208-unit Class A multifamily community located at 14625 South Mountain Parkway in Phoenix. The property commanded a sale price of $32.5 million. Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Seattle-based PrivatePortfolio Group. The buyer was New York… Read More →

CBRE will market and sell Containers on Grand

by in AZRE Magazine | Brokerage | Multi-Family

CBRE announces the firm has been selected as the exclusive agent to market and sell Containers on Grand, a sustainable apartment community made of repurposed shipping containers. The downtown Phoenix project was the first shipping container community in the Western U.S. and is the only shipping container community in the country on the market. Located… Read More →

Phoenix drops to No. 17 in CBRE’s tech talent report

technology

Job growth that wasn’t as “outstanding” in 2016 compared with 2010 lowered Phoenix’s ranking from No. 11 to to No. 17  in CBRE’s annual Scoring Tech Talent Report. CBRE Research rates tech job growth on a five-year rolling average, and the Phoenix area’s tech job growth was among the strongest in the country from 2010 to… Read More →

NAIOP Young Professional Group pitches Trotting Park development

by in AZRE Magazine

It was an evening of celebration recently as the NAIOP Arizona Developing Leaders Young Professional Group (YPG) Mentor Program hosted graduation for the 2016-2017 class at Andaz Scottsdale Resort & Spa.     Mentors and protégés gathered in a private dining room for a reception, presentations, and a dinner. The 15 protégés, grouped into four teams,… Read More →

North Phoenix apartments sell for $40.25M

North Phoenix apartments
by in AZRE Magazine | Multi-Family

CBRE Group Inc. arranged the $40.25 million sale of Avenue 25, a 254-unit, Class A multifamily community located at 18250 N. 25th Ave. in Phoenix, Arizona. Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Los Angeles-based TruAmerica Multifamily. The buyer was Salt Lake City-based Millburn & Company. “In addition to the North Phoenix… Read More →

CBRE completes sale of Enclave at Arrowhead

by in AZRE Magazine | Brokerage

CBRE Group, Inc., has completed the sale of Enclave at Arrowhead, a 240-unit, Class A multifamily community located at 8092 W. Paradise Lane in Peoria, Arizona. The community commanded a sale price of $39.25 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Denver-based Baron Properties. The… Read More →

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 →