chandler Archives

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 →

CyrusOne completes new data hall in Chandler

digital data flow through optical wire

Global colocation solutions provider CyrusOne (NASDAQ: CONE) has completed construction of a new data hall on its data center campus in the Phoenix suburb of Chandler. The data hall added 36,000 colocation square feet (CSF) to the Chandler campus with 2 megawatts of power capacity. “Phoenix remains one of our fastest-growing markets, and with 57… Read More →

Cushman & Wakefield sell Chandler apartments for $21.65M

Chandler Apartments
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the sale of Chandler apartments, which sold for $21.65 million. Park Tower Apartments, a 180-unit value-add multifamily investment at 1283 W. Parklane Blvd. in Chandler, was sold to Chicago-based 29th Street Capital. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented the seller, Scottsdale-based Clear Sky Park… Read More →

Valley Partnership examines airports as economic engines

Sky Harbor
by in AZRE Magazine | Events

Valley Partnership’s monthly breakfast for June will cover a panel who will feature presentations from economic development officials on three of the Valley’s municipal airports. Experts will share their strategic plans and outline upcoming opportunities for the real estate and development communities. The panel will feature Shea Joachim, business development director at the Phoenix-Mesa Gateway… Read More →

29th Street Capital acquires 6th Valley property

acquires
by in AZRE Magazine | Multi-Family

29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Park Tower Apartments, a 180-unit multifamily community in Chandler. 29SC’s strategy is to invest $883,000 into renovations to significantly upgrade the interiors and to enhance the exterior of the apartments. This is the sixth acquisition 29SC has made in the Phoenix/East… Read More →

Thomas Title & Escrow office opens in Rivulon

Rivulon Building

Thomas Title & Escrow is opening its new offices on Monday, June 6 at a 3,000 square-foot space in Gilbert’s 250-acre Rivulon project at the northeast corner of South Loop 202 and Gilbert Road. Currently the team is opening escrows to be closed at this location. TT&E will be the only title and escrow agency in the Rivulon… Read More →

Daum negotiates $5.6M industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $5.6 million sale of two industrial buildings located in Price Road Industrial Park in Chandler. The sale includes a 43,549 square-foot facility located at 2805 W. Frye Rd. and a 25,184-square-foot building located at 315 S. Bracken Ln., across five acres. Rich Sica with Daum Phoenix represented the seller,… Read More →

Fulton Homes provides 200th free pool fence

Fulton Homes

The Fulton Homes Fence Patrol reached a milestone on Tuesday when a Chandler family received the program’s 200th free pool fence from the Tempe-based homebuilder. Fulton Homes Fence Patrol, now in its 14th consecutive year, has provided 15 free pool fences during the spring and summer for Valley residents in need. Tuesday’s install was the program’s fifth… Read More →

New home starts up 60% from last year in Phoenix

homes

Metrostudy’s 1Q16 survey of the Phoenix housing market shows annual home starts, attached and detached, in the Phoenix area numbered 16,687 over the past four quarters ending 1Q16, a 60% increase YoY and up 13% from 4Q15. Quarterly starts in 1Q16 numbered 3,928 units, up 47%% from 1Q15. Annual closings numbered 12,651, up 20% YoY,… Read More →

Pieceful Solutions hosts camps for autistic kids

Educational Partnership - Maricopa Community Colleges & University of Phoenix

Summer’s almost here, and Pieceful Solutions will host a summer camp for school-aged children, especially for those on the autism spectrum who seek structure and routine. Pieceful Solutions, which operates three East Valley schools for students on the autism spectrum, is holding “Camp Discovery 2016” Summer Camps to help children and teens enjoy their time off from… Read More →

Chandler office building sells for $6.5M

Chandler office
by in AZRE Magazine | Office

Commercial Properties Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 66,756 square-foot Class A office/flex building located at 2225 S. Price Rd. in Chandler. John G. Soldo, SIOR of CPI’s Tempe office represented the buyer, Ross Mitchell of Dunbar Real Estate Investment Management from El Segundo, CA, in this $6.5 million sale. “Dunbar… Read More →

JPI Companies acquires 10.79 acres for $11.28M

Rendering of the project on Chandler Blvd. & McClintock Rd.
by in AZRE Magazine | Multi-Family

Cushman & Wakefield announced Wednesday that JPI Companies acquired a ±10.79 acre permit-ready, 283-unit multifamily development site at the northeast corner of Chandler Boulevard and McClintock Road in Chandler for $11.28 million, $39,859 per unit. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented JPI Companies of Irving, Texas… Read More →

United Air Ambulance moves into Chandler

United Air Ambulance

United Air Ambulance stands strong at the forefront of the emergency medical-transport industry, and the Arizona-based medevac service provider is about to expand its footprint even further with the opening of a new, 5,839-square foot facility in Chandler. United Air Ambulance and its industry partner, Air Ambulance Billing, will occupy the new space at 2,301… Read More →

Chandler multifamily complex sells for $47M

Colliers International
by in AZRE Magazine | Multi-Family

Colliers International in Greater Phoenix completed the sale of The Fairways, a 352-unit, Class A apartment community at 777 W. Chandler Blvd., in Chandler, Arizona, for $47 million or $133,523 per unit. The seller was BAZV Fairways LLC, of Scottsdale, Arizona, a company formed by The Bascom Group of Irvine, California. Cindy Cooke, senior executive vice… Read More →