CBRE Archives

CBRE to appraise Diamondbacks’ Chase Field

by in AZRE Magazine

CBRE has been retained by the Maricopa County Stadium District Board of Directors to appraise the value of Chase Field, home of Major League Baseball’s Arizona Diamondbacks. The Board voted to explore the option to sell Chase Field in downtown Phoenix to private, out-of-state investors last month. The proposed deal, which was made public in early… Read More →

CBRE will relocate its Phoenix office

by in AZRE Magazine

CBRE Group, Inc. announced plans to move its Phoenix office from its current location in Tower III to Tower IV of the iconic Esplanade complex in the Camelback Corridor. The new office is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to workplace strategy designed to promote flexibility, mobility and productivity through technology-enabled,… Read More →

Who earned the Most Admired Companies’ Spotlight Awards?

Brad and Heidi Jannenga are co-founders of WebPT.

A crowd of nearly 400 packed Chateau Luxe in Phoenix Thursday to honor 2016’s Most Admired Companies in Arizona.   Photos by Mike Mertes and Southwest Selfies “Our primary goal in developing the MAC program was to find and recognize those companies that set a standard of excellence that other businesses should aspire to achieve,”… Read More →

CBRE sells Arches at Hidden Creek Apartments for $55 million

by in AZRE Magazine | Brokerage

CBRE‘s Phoenix offices completed the $55 million sale of Arches at Hidden Creek, a 432-unit multifamily community located at 1586 W. Maggio Way in Chandler, Ariz. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. The seller was a venture between Hamilton Zanze of San Francisco, CA and New… Read More →

Valley Partnership announces new class of advocates

Valley Partnership advocate
by in AZRE Magazine | Events

Valley Partnership prides itself as the premier advocacy group for responsible development in Arizona, which is largely possible due to the proactivity and engagement of its members on development issues. Each year members share knowledge and experiences with a new class of aspiring professionals within various areas of the commercial real estate industry through the Valley Partnership Advocates Program.… Read More →

CBRE negotiates $40.4M sale of Four Gateway

Phoenix offices
by in AZRE Magazine | Brokerage | Office

VanTrust Real Estate, LLC sold a single-tenant office building, occupied by American retail and health care company CVS Health, for $40.4 million, or approximately $293 per square foot. The building, Four Gateway, is located at 444 N. 44th Street in Phoenix. The buyer is Crown Realty & Development. Jim Fijan and Will Mast of CBRE… Read More →

2016 Most Admired Company: CBRE

by in AZ Business Magazine

CBRE Most Admired Company: 2010, 2011, 2012, 2013, 2014, 2015, 2016 Top Arizona executive: Craig Henig, senior managing director, Southwest Region and Arizona market leader What it does: CBRE is  a full-service real estate services company. Admirable quality: CBRE’s workplace culture stems from its RISE values — respect, integrity, service and excellence — which are… Read More →

CBRE completes 10 Tucson lease transactions

by in AZRE Magazine | Brokerage

CBRE’s Tucson office has released the following recent transaction report: Farm Bureau Property & Casualty Insurance Company leased 3,047 square feet at 4732 N. Oracle Rd. The tenant was represented by Trevor Pratt with Jones Lang LaSalle. The landlord was represented by Jeff Casper with Tucson’s CBRE office. Achieve is More leased 1,779 square feet of… Read More →

5 multifamily properties sell for $10.8M

28 on Thomas is a 27-unit community located at 1225-1241 E. Thomas Road in Phoenix. (Photo courtesy of CBRE)
by in AZRE Magazine | Brokerage | Multi-Family

CBRE completed the sale of five multifamily properties in the metropolitan Phoenix area totaling more than $10.8 million. The firm’s Multifamily Investment Properties’ Brian Smuckler and Jeff Seaman brokered the following transactions: 28 on Thomas is a 27-unit community located at 1225-1241 E. Thomas Rd. in Phoenix. The buyer was 28 on Thomas, LLC of Cave… Read More →

CBRE completes 248-unit Chandler apartment sale

by in AZRE Magazine | Brokerage | Multi-Family

CBRE has completed the $29.5 million sale of Pheasant Run, a 248-unit multifamily community located at 2101 N. Evergreen Street in Chandler, Arizona. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. The seller was California-based Acacia Capital. The buyer was Texas-based Phoenix Property Company. “Pheasant Run is… Read More →

Construction on first Gilbert Spectrum Business Park office starts

Gilbert Spectrum
by in AZRE Magazine | Construction

SunCap Property Group has begun construction of a 60,000-square-foot office building in the Gilbert Spectrum Business Park in Gilbert, Arizona. This is the first of several planned buildings that SunCap is offering in the 63-acre park, located at the southwest corner of Elliot and McQueen roads. A total of 800,000 square feet of state-of-the-art office,… Read More →

Retail gains momentum in southeast valley

retail space avaialble sign in a window of a building
by in AZRE Magazine | Retail

Through the first half of 2016, the southeast Valley accounted for two-thirds of new retail product in the metro area, according to a recent MarketFlash report by CBRE’s Phoenix research team. As population growth occurs, new retail space is needed to meet demand from new residents. Currently, the southeast Valley is the most active new… Read More →

CBRE’s Chris Marchildon earns NAIOP Developing Leaders Award

by in AZRE Magazine | Newsmakers

CBRE announced Senior Associate Chris Marchildon has been honored with a prestigious NAIOP Developing Leaders Award for 2016. Now in its 11th year, the national award program honors up-and-coming commercial real estate professionals across the country, 35 years of age and under, for their valued contribution and commitment to the industry. “I am thrilled to… Read More →

Passco Companies acquires Phoenix multifamily community

Passco Companies
by in AZRE Magazine | Multi-Family

Passco Companies, LLC has acquired Almeria at Ocotillo, a 389-unit, Class A luxury multifamily community located within the Ocotillo Master Planned Community, an upscale master-planned community in the dynamic Phoenix submarket of Chandler, Arizona, for approximately $80 million. The apartment community is located at 2470 and 2471 W. Edgewater in Chandler, Arizona. Sean Cunningham at CBRE represented… Read More →