CBRE Archives

CBRE completes 3 multifamily sales totaling $199.4M

by in AZRE Magazine | Brokerage

CBRE completed three multifamily property deals across the metro Phoenix area in the past five days, totaling in $199.4 million worth of transactions. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE worked on all three of the multifamily property sales. The three deals were completed in the last five business days, according to CBRE.… Read More →

CBRE completes $14.7M sale of Cornwell Corporate Centre

Cornwell Corporate Centre, a 63,071-square-foot office development located at 14851 N. Scottsdale Road. (Photo courtesy of CBRE Phoenix)
by in AZRE Magazine | Brokerage

CBRE has completed the sale of Cornwell Corporate Centre, a 63,071-square-foot office development located in Scottsdale for $14.7 million. The transaction includes one two-story building and two one-story office buildings located on approximately five acres. The property, south of the southeast corner of Scottsdale Road and Greenway Parkway along 73rd Street, is positioned squarely in… Read More →

2016 TOBY Award winners announced

TOBY Award

This year’s BOMA Greater Phoenix TOBY Awards were presented on Nov. 4 at the Arizona Biltmore, which are among the highest honors bestowed by the association. 2016 TOBY Award winners:   Photos courtesy of BOMA Greater Phoenix The annual association awards recognize quality of buildings and excellence in building management. Buildings are judged on all… Read More →

NAIOP Arizona announces mentor program protégés

NAIOP Arizona
by in AZRE Magazine

The 2016-2017 NAIOP Arizona Developing Leaders Mentor Program protégés have been announced, and the 16 young professionals come from all corners of the Valley’s commercial real estate industry. Each protégé was selected to participate in the year-long program in which they will attend educational seminars and complete a full scale development project by the end… Read More →

Phoenix lands at No. 2 on CBRE’s annual Tech-Thirty Report

Copyright: markskalny / 123RF Stock Photo

Phoenix lands at number two on CBRE’s annual Tech-Thirty list, which analyzes the 30 leading technology markets in the U.S. and Canada in terms of high-tech software/services job growth. Second only to San Francisco, the Valley continues to see the strongest tech-sector job growth in North America, reporting 44.5 percent job growth and more than… Read More →

NAIOP-AZ board elects news officers and board members

nonprofit board member
by in AZRE Magazine | Newsmakers

The Arizona chapter of NAIOP, the commercial real estate voice for the state, elected its 2017 officers and board members at its annual board meeting held November 1. The 2017 NAIOP-AZ officers are Chairman of the Board Larry Pobuda, Opus Group; Vice Chairman Matt Mooney, Cousins Properties; Programs Chair Andrew Cheney, Lee & Associates; and… Read More →

CBRE report identifies Phoenix as ‘new city of finance’

Photo: eutoch / 123RF Stock Photo

The U.S. financial services industry, faced with heightened regulations and competition for skilled labor from technology companies, increasingly is finding the workers it needs by expanding to cities like Phoenix, according to a new report from CBRE Group, Inc. In its inaugural annual report on the financial services industry, CBRE examines markets across the U.S.… Read More →

‘Arizona Republic’ built-to-suit sold for $4.5M

Arizona Republic
by in AZRE Magazine | Industrial

A 35,328-square-foot distribution facility at 18808 N. 32nd St., Phoenix was sold to a Tustin, CA-based firm for $4,500,000 or $127.37 per-square-foot. Phoenix Newspapers Inc., parent company to The Arizona Republic, occupies the facility. Lee & Associates principal, Matt Hobaica, represented the buyer, Greenwood & McKenzie Real Estate Investments. The owner, E & H Smith &… Read More →

CBRE selected to lease Tucson’s tallest building

Tucson's tallest building

CBRE has been chosen to oversee the leasing of space at One South Church, the tallest and most recognizable building in Tucson. Located at 1 S. Church Ave. in Tucson, the 240,811-square-foot Class A office space offers a wide spectrum of flexible leasing options for tenants ranging in size from 1,000 square feet to over 40,000… Read More →

CBRE completes $7.15M sale of apartments in Tempe

by in AZRE Magazine | Multi-Family

CBRE recently completed the sale of 1133 West Fifth, a 44-unit multifamily property located at 1133 W. 5th St in Tempe, Ariz. Brian Smuckler and Jeff Seaman of CBRE Multifamily Investment Properties in Phoenix negotiated the property on behalf of both buyer and seller. The seller was Alchemy Partners LLC. The buyer was Trimark-2016 Arizona… Read More →

CBRE completes $7.33 million sale of industrial property

by in AZRE Magazine | Industrial

CBRE completed the sale of a 97,500-square-foot industrial property located at 440 N. 51st Ave. in Phoenix, Ariz. Bill Bayless with CBRE’s Phoenix office represented the buyer, Dolphin Manufacturing. The seller, Kalyx, was represented by Steve Sayre with JLL. The total consideration for the transaction was $7.33 million. “Dolphin Manufacturing’s current facility is being displaced due… Read More →

Chandler Viridian PrimeGate secures first tenant

Chandler Viridian
by in AZRE Magazine

WINLEE Development, the real estate development division of locally based investment firm Winfield Lee Investments, commenced construction this week on Chandler Viridian PrimeGate at Fashion Square. PrimeGate is the 24,000 sf distinctive restaurant and retail component of the 25-acre Chandler Viridian mixed-use project being developed by the consortium of Hines, Alliance Residential, Concord Hospitality and WINLEE.  The… Read More →

Urbanization drives luxury multifamily market


Multifamily construction in Greater Phoenix returned to record level highs for completed number of units, rental rates and investment activity for the first time in over a decade. This year marks one of the highest rates of completion of multifamily developments since 2000. It also exceeds investment activity levels not seen since 2007. In turn,… Read More →

Liberty Property Trust fills nearly finished Rio Salado office

by in AZRE Magazine | Office

Liberty Property Trust today announced that it has executed two new leases, filling its nearly complete 135,663 square foot speculative office building at 1930 West Rio Salado Parkway in Tempe. DriveTime Automotive Group, an existing tenant in 1720 West Rio Salado Parkway at Liberty Center at Rio Salado, will expand into 65,889 square feet of… Read More →