CBRE Archives

CBRE elevates three to executive vice presidents

by in AZRE Magazine | Newsmakers

On Wednesday, commercial real estate group, CBRE, promoted Jim Trobaugh, Rob Marsh and Chris Hook to executive vice presidents. The three executives lead the firm’s award winning labor analytics group, a global specialty-consulting group that provides advisory services on projects including site selection for new or expanding markets, existing market evaluation and assessment and economic and financial… Read More →

Valley Partnership event focuses on creating vibrant downtowns

Coldwell Banker Commercial Advisors
by in AZRE Magazine | Events

Valley Partnership’s March 18th breakfast topic will hot a discussion featuring city leaders on the evolution of downtown Phoenix. City leaders will share insights into how both public and private leaders are addressing the challenges that are unique to downtown. The panel will feature a discussion between City of Phoenix Vice Mayor Kate Gallego, David Krumwiede, executive vice… Read More →

CBRE Completes $14M Industrial Sale

by in AZRE Magazine | Industrial

CBRE completed the sale of an off-market industrial property located at 4707 E. Baseline Road in Phoenix. The property sold for $14 million. Mike Parker and Evan Koplan with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, Dallas-based Dalfen America Corp. The buyer was Denver-based Industrial Property Trust. “This institutional buyer aggressively pursued… Read More →

Hensley Beverage expanding into new logistics center

Santa Fe Rendering
by in AZRE Magazine | Brokerage | Industrial

Hensley Beverage Company pre-leased 112,669 square-feet of new speculative product at Sante Fe Logistics Center, which is located at 4450 N. 45th Ave. in Phoenix, and will total 367,963 square-feet upon completion. “Warehouse distribution operations have become much more sophisticated in recent years. Users have a need for higher clear heights, larger concrete maneuverability areas, and… Read More →

Chris Marchildon of CBRE will chair NAIOP group Jakub Jirsak
by in AZRE Magazine

Chris Marchildon of CBRE was named 2016 Chairman for the NAIOP Arizona Developing Leaders. Marchildon, a senior associate in Capital Markets, has been a NAIOP member for 8 years. “We have an exciting year ahead, and we look to build on the successes of previous years,” Marchildon said. “Our goals, as always, include improving the communities… Read More →

CBRE hires new director of property tax services

ABI Multifamily

CBRE hired Mark Whitney as its director of property tax services where he will work with clients on any property tax needs. Whitney brings experience in minimizing property and excise tax burdens, which will be critical to CBRE’s Agency Services offering. “Mark is an expert in property tax advisory services and he will be instrumental… Read More →

Redeveloped Phoenix office space sells for $3.9M

Retinal Consultants of Arizona
by in AZRE Magazine | Office

CBRE completed the sale of a commercial property that had been redeveloped into an office space for $3.9 million. The property was formerly a Bally Total Fitness facility, and is located in the Arizona Business Park at 15401 N. 29th Avenue in Phoenix. Ashley Brooks and Jim Bayless with CBRE’s Phoenix office negotiated the transaction.… Read More →

CBRE completes $24.35M sale of Gilbert apartments

by in AZRE Magazine | Brokerage | Multi-Family

CBRE  completed the sale of Cambria, a 174-unit apartment community located at 130 W. Guadalupe Road in Gilbert, for $24.35 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. “Cambria is a well-located asset in highly desirable Downtown Gilbert,” Cunningham said. “The buyer was able to purchase… Read More →

CBRE completes $33.6M sale of Tucson apartments

by in AZRE Magazine | Brokerage | Multi-Family

CBRE has completed the sale of Centrepoint, a 320-unit multifamily community located at 3220 West Ina Rd in Tucson, for $33.6 million. The complex was 96 percent occupied at the time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office, along with Mike Sandahl with the firm’s Tucson office,… Read More →

BMO Harris moves regional headquarters

Central Arts Plaza

BMO Harris Bank will be the newest tenant in the tower at Central Arts Plaza located at 1850 N. Central Ave. The Chicago-based bank is relocating its regional headquarters from its current location at One Camelback at the southeast corner of Central Avenue and Camelback Road. As part of the lease transaction, the iconic office… Read More →

What will be impact of interest rate increase on CRE?

Arizona Economic Forecast 2011, Economic Recovery
by in AZRE Magazine | Finance & RE Law

In a move that heralds modestly higher rates on some loans, The Federal Reserve is raising interest rates from record lows set at the depths of the financial crisis. The Fed coupled its first rate hike in nine years with a signal that further increases will likely be made slowly as the economy strengthens further… Read More →

Redevelopment site in Old Town Scottsdale sells for $22.6M


CBRE has completed the sale of a commercial property poised for redevelopment, which is located at the southeast corner of Camelback and Scottsdale Roads in Old Town Scottsdale. The sale of the ±2.72-acre site (±118,630 square feet) included the ±67,691-square-foot multi-tenant office property at 7201 E. Camelback Road and the ±1,020-square-foot retail property located at… Read More →

CBRE’s McClure named ‘Woman of Influence’

business woman power, influential Millennials
by in AZRE Magazine | Newsmakers

CBRE has announce that Nancy McClure, first vice president in the firm’s Tucson office has been named to Real Estate Forum’s list of Women of Influence in the Southwest. The annual list acknowledges and honors professionals that have contributed significantly to the real estate industry in the Southwest region. “We are very proud of Nancy. She… Read More →

CBRE completes $24.75M sale of Village Center


CBRE has completed the sale of Village Center, a 171,129-square-foot shopping center located at 4304 E. Cactus Road in Phoenix. The asset, which is highlighted by a unique Target ground-lease, commanded a sale price of $24.75 million. A team of brokers including Jesse Goldsmith and Steve Julius with CBRE’s Phoenix office and George Good and… Read More →