Tag Archives: CEO Lecture Series

Campbell Apartments

Marcus & Millichap Sells 24-Unit Campbell Apartments in Camelback Corridor

Marcus & Millichap Real Estate Investment Services has announced the sale of Campbell Apartments, a 24-unit apartment community located in the prestigious Biltmore area in Phoenix, Arizona. The asset commanded a sales price of $1,200,000 or $50,000 a unit.
Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing assignment to market the property and negotiated the transaction on behalf of the seller, a private individual from Southern California, and the buyer, a private capital investor out of Scottsdale, Ariz.
“Situated in one of the most prominent locations in the metro area, Campbell Apartments was acquired by the buyer due to its significant upside potential through the repositioning of the asset. Ultimately the buyer plans to leverage its vintage and urban midcentury architecture to appeal to the extensive rental pool of young professionals located throughout the Biltmore area, the epicenter of the city’s Financial District,” says Tranetzki.
Campbell Apartments is located on Campbell Avenue, just east of 24th Street and one-half mile south of Camelback Road in the picturesque Camelback Corridor, home to the city’s premier upscale shopping and dining destinations in the Biltmore Fashion Park, Camelback Colonnade and The Shops at Town & Country.
“Over the past 20 years, the Camelback Corridor has developed into one of the region’s premier urban centers, serving as Phoenix’s most well-known and desirable high-end office destination with more than 9 million square feet of multitenant office space. Notable area employers include Northwestern Mutual, Merrill Lynch, Northern Trust Bank, UBS, Alliance Residential Company and Fennemore Craig,” adds Butler.

Phoenix Pumps

LGE Announces Completion of Construction on the New Office / Warehouse for Phoenix Pumps

LGE Design Build recently completed construction on a 41,000 SF ground up office/warehouse building for Phoenix Pumps. This project showcases 9,000 SF of office, tilt construction, 24-foot clear height, one gib crane, two bridge cranes, one paint booth, four coiling doors, epoxy flooring in the warehouse and carpet and tile in the office areas. This project was designed and permitted in five months and was complete on time and under budget. Phoenix Pumps, Inc. is a full-service repair center for pumps, meters, filters, motors and controls. Phoenix Pumps, Inc. is a licensed contractor in Phoenix.


Cushman & Wakefield Completes $15M Sale of Versante Apartments in Tempe

Cushman & Wakefield of Arizona, Inc. has completed the $15 million sale of the Versante Apartments, 1330 W. Broadway Rd.

The apartment building was constructed in 1971 and contains 240 apartment units totaling 184,752 square feet. The property currently boasts 94 percent occupancy.

Gelt, Inc. of Tarzana, Calif., purchased the property from Principal Real Estate Investors, one of the largest institutional real estate managers in the United States.

“This sale is representative of a recent trend with older properties,” says Jim Crews, Senior Director with Cushman & Wakefield. “Investors seeking excellent returns and better locations are able to purchase great infill properties such as Versante. After a few modest interior improvements, this asset will provide residents and Gelt with an appealing apartment building in an outstanding location.”

Crews and Brett Polachek of Cushman & Wakefield successfully marketed the property for sale and procured the buyer.

CEO Lecture Series, AZ Business Magazine, GCU

CEO Lecture Series: Brig. Gen. Jerry D. Harris Jr.

Arizona Business Magazine in conjunction with Grand Canyon University would like to invite you to the CEO Lecture Series featuring some of the Valley’s most successful CEOs. Learn more about their leadership techniques and the best practices that took them to the top of their industry!

Presented By:
Arizona Business Magazine LogoGrand Canyon University Logo

Our next installment of the CEO Lecture Series will feature:
Brig. Gen. Jerry D. Harris Jr.
Commander, 56th Fighter Wing, Luke Air Force Base

Thursday, October 6, 2011
Registration: 8:30 a.m.
Lecture: 9-10 a.m.

Ethington Theatre
Grand Canyon University
3300 W. Camelback Rd.
Phoenix, AZ 85017
CEO Lecture Series: Brig. Gen. Jerry D. Harris Jr.

About Brig. Gen. Jerry D. Harris Jr. :

Brig. Gen. Jerry D. Harris Jr. is the Commander, 56th Fighter Wing, Luke Air Force Base, Ariz. The 56th Fighter Wing’s mission is to train F-16 pilots and maintainers while deploying mission-ready warfighters. As part of Air Education and Training Command, and home to more than 135 F-16 aircraft and 24 squadrons, the 56th is the largest fighter wing in the U.S. Air Force and graduates more than 400 F-16 pilots and 470 crew chiefs annually. The wing oversees the Gila Bend Air Force Auxiliary Field and is steward of the Barry M. Goldwater Range, a military training range spanning more than 1.7 million acres of Sonoran desert.The general has commanded at squadron, group and wing levels. Prior to his current assignment, he was Assistant Director of Operations, Plans, Requirements and Programs, Pacific Air Forces, Hickam AFB, Hawaii.

The CEO Lecture Series is a free event, but register soon because space is limited.

For questions, contact Stephen Smith at Stephen.Smith@gcu.edu or 602-639-6601