CBRE Archives

40 Commercial real estate companies to watch in 2017

Scheduled to break ground in early 2017, the Arizona Center renovations will take approximately nine months to complete.  (Rendering courtesy of Parallel Capital Partners and Angelo, Gordon & Co.)
by in AZRE Magazine

This year, experts still see Arizona as a hotspot for commercial real estate activity and development. While activity in other markets across the nation is starting to fizzle out, Arizona has yet to enter the ninth inning of the business cycle as a result of its slow and steady recovery following the recession. AZRE identifies… Read More →

10 Millennial leaders in commercial real estate

Millennial leaders
by in AZRE Magazine

Entitled. Narcissistic. Detached. If this were a game of Jeopardy! your response might be: What are the three most common words used to describe the Millennial generation? That doesn’t paint a pretty picture considering Millennials are now the nation’s largest living generation. Yet with every raincloud, there is a silver lining. In this case, they… Read More →

HFF expands Phoenix team with hiring of Brad Miner

Brad Miner
by in AZRE Magazine

Holliday Fenoglio Fowler L.P. (HFF) expanded its Phoenix office with the hiring of Brad Miner as a director. Miner will focus on debt and equity placement transactions in Arizona with an emphasis on multi-housing transactions, among other asset classes. Miner has more than 11 years of experience in commercial real estate finance and most recently… Read More →

Multi-property double-escrow transaction completed by CBRE

CBRE
by in AZRE Magazine | Brokerage

A four property exchange with three double escrows was completed by CBRE’s Bill Bayless and Helix Properties LLC’s Ryan Spiekerman, Adam Feldman and Marc Altieri, negotiating on behalf of a single-entity LLC controlled by Helix. The multi-property, double-escrow transaction also involved Phoenix-based Verde Investments. Verde was represented by Scott Ellsworth of SRS Real Estate Partners. Through… Read More →

CBRE promotes Jesse Blum to senior associate

Eric Forshee
by in AZRE Magazine

CBRE promoted Jesse Blum, an advisory and transaction professional at the firm’s Tucson office, to senior associate. Blum specializes in utilizing market research and database implementation to create proprietary, market-specific knowledge. These strategies are designed to solve regional and national location needs and create local competitive advantages. “We are delighted to promote Jesse and recognize his… Read More →

CBRE completes sale of 2 Avondale apartments

CBRE
by in AZRE Magazine | Multi-Family

CBRE completed the sale of Mirabella and 3800 Lux, two adjacent multifamily communities totaling 715 units. The two Class A communities are located at 3800 N. El Mirage Rd. in Avondale. The buyer was Priderock Capital Management and the seller, FPA Multifamily, was represented by Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with… Read More →

Tractor Supply Co. location sells for $5.88M

CBRE
by in AZRE Magazine | Brokerage

CBRE completed the sale of a newly constructed, single-tenant Tractor Supply Co. location at 24930 S. Ellsworth Rd. in Queen Creek, Arizona. The 21,702-square-foot Tractor Supply Co. opened for business on October 8, 2016. Total consideration for the transaction was nearly $5.88 million. Joseph R. Compagno with CBRE’s Phoenix office represented the seller and buyer; Long Development… Read More →

CBRE completes 5 apartment deals worth $6.8M

CBRE
by in AZRE Magazine | Brokerage

CBRE Multifamily Investment Group recently completed five transactions of multifamily properties located in Northern and Central Phoenix—Mountain View, Heritage Park, Palm Vista, Morningside Pointe and The Wells—with a total consideration of approximately $7 million. Mountain View: A 26-unit complex located at 9633 N. 17th Ave. in Phoenix, Arizona. Total consideration for the transaction was $1.33 million,… Read More →

CBRE promotes Cooper Fratt after 13 months

CBRE
by in AZRE Magazine

After just 13 months, CBRE’s Cooper Fratt is getting another title change to vice president at the firm’s Phoenix office. Fratt works in the firm’s industrial and logistics practice as an advisory and transaction professional. “I am very proud of Cooper and thrilled to congratulate him on his promotion to vice president,” said Craig Henig,… Read More →

CBRE completes double escrow sale near South Mountain

CBRE
by in AZRE Magazine | Brokerage

CBRE completed the sale of CVS Plaza at South Mountain at 1615 – 1635 E. Baseline Rd. in Phoenix, Arizona and negotiated the spinoff of the CVS Pharmacy, which closed the same day. The sale included an approximately 14,000-square-foot. retail strip center and a 14,169-square-foot CVS Pharmacy. The first sale commanded a price of $5.9… Read More →

Single-tenant industrial property sells for $3.03M

industrial property
by in AZRE Magazine | Industrial

CBRE completed the $3.03 million sale of Turner Crossing at Southbank, a 20,103-square-foot single-tenant flex industrial property located at 3401 E. Harbour Dr. in Phoenix, Arizona. California-based Turner Real Estate Investments, sold the property to California-based Portex Partners. Kelly Betpolice and Peter Steigleder of Brookfield Partners represented the buyer. The seller was represented by Mike Parker, Evan… Read More →

CBRE helps Liftable Media buy new corporate HQ

CBRE
by in AZRE Magazine | Office

Digital publisher Liftable Media Inc. purchased approximately 27,000 square feet of office space at Venture Court, located in the heart of Anthem, Arizona, for $1.98 million, according to CBRE. Originally constructed in 2008, Venture Court Building F is a 2-story office space that prior to being purchased by Liftable Media remained in shell condition. West Coast… Read More →

Orcutt | Winslow relocates HQ next door on Central Corridor

Orcutt | Winslow
by in AZRE Magazine | Brokerage | Office

The Phoenix office of JLL has completed a 21,390-square-foot, long-term lease that relocates the corporate headquarters of Orcutt | Winslow into a new building on the Central Corridor, continuing the architecture, planning and interior design firm’s decades-long presence in metro Phoenix’s Central Business District. The new lease moves Orcutt | Winslow from Phoenix Corporate Center, at 3003 N. Central Ave., into… Read More →

Camelback Corridor office building sells for $42.6 million

Camelback Corridor
by in AZRE Magazine | Office

A Class A 175,835-square-foot office building in Phoenix’s Camelback Corridor area sold for $42.6 million, or approximately $242 per square foot, according to CBRE. The office complex is located at 5090 N. 40th St., and Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the transaction. The seller was a joint venture between Lowe Enterprises and J.P.… Read More →