CBRE Archives

‘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

CBRE
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

CBRE
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

Downtown_Phoenix_Aerial_Sketch-on

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

1930westriosaladopkwy
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 →

CBRE sells Holiday Inn Express & Suites in Tempe

holiday-inn
by in AZRE Magazine

CBRE Hotels announces the sale of the Holiday Inn Express & Suites Phoenix-Tempe-University, a 72-room, limited-service hotel located at 1031 East Apache Boulevard in Tempe, Arizona. The hotel features modern design accents and is within proximity to Arizona State University and the popular Mill Avenue District.  Eric Guerrero, Michael Yu, Rahul Bijlani and Pravin Boteju… Read More →

Camelback Collective will be redeveloped at 28th and Camelback

Camelback Collective will be a $75 million office-hotel project at 28th Street and Camelback Road. (Photo courtesy of Camelback Collective)
by in AZRE Magazine

A prominent ±3.62 acre infill, redevelopment site located in the prestigious Camelback Corridor area of Phoenix has sold for $17.475 million, or $111 per sq. ft. of land. The property, located at 2801 and 2845 E. Camelback Road, was acquired by a joint venture of  Las Vegas-based developer LaPour Partners, Inc. and Holualoa Companies, headquartered… Read More →

Camelback Corridor redevelopment property sells for $17M

Camelback Collective rendering (Courtesy of CBRE)

Obsolete Office Project Slated for Redevelopment into High-end Mixed-use Project  A prominent ±3.62 acre infill, redevelopment site located in the prestigious Camelback Corridor area of Phoenix has sold for $17.475 million, or $111 per sq. ft. of land. The property, located at 2801 and 2845 E. Camelback Road, was acquired by a joint venture of… Read More →

CBRE kicks off 6th annual PurSUIT of Success Clothing Drive

123rf.com: Waldemar Milz
by in Blogs

Commercial real estate firm CBRE is launching its sixth annual, city-wide business clothing drive. The PurSUIT of SUCCESS initiative helps women and men across the Phoenix area to access the clothing they need to excel as professionals. The clothing drive will benefit four non-profit organizations that make job training and career counseling more accessible to Valley… Read More →

CBRE Tucson releases transaction report

123rf.com: Vitaliy Vodolazskyy
by in Blogs

CBRE’s Tucson office has released the following recent transaction report: USAVA Lending leased 1,521 square feet of office space at La Paloma Corporate Center. The tenant was represented by Tim DeNiro with Commercial Group of Tucson. The landlord was represented by David Montijo and Jeff Casper with CBRE. TMC Holdings, Inc. purchased a 13,001-square-foot office project… Read More →

Galleria offers relief for Downtown Scottsdale office market

Galleria
by in AZRE Magazine | Office

The Galleria, an office complex in Downtown Scottsdale, just got a little roomier. The property has newly available space that will offer relief to an office market that is currently the tightest in the metro Phoenix area. Galleria can now accommodate users with requirements greater than 50,000 square feet. This new availability at the office project marks… Read More →

CBRE completes $46M sale of Cantera Apartment Homes

Cantera Apartment Homes
by in AZRE Magazine | Multi-Family

CBRE completed the sale of Cantera, a 288-unit multifamily community located at 2475 W. Pecos Rd. in Chandler, Arizona. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office handled the transaction. The seller was Rockwood Capital and the buyer was Aukum Management. “Strong demand for multifamily housing in Chandler is reflective… Read More →