colliers international Archives

Valley Partnership to focus on multifamily market

Tempe apartments
by in AZRE Magazine | Events

Valley Partnership‘s September 23 monthly breakfast will focus on the Valley’s multi-housing market, which continues to hum along. What are the realities for residents? Are the types of projects being developed actually what the Valley needs? As Valley and state economic development leaders look to grow our economy, affordable, workforce-centric housing is key to employer attraction –… Read More →

5 property Tucson portfolio sold to Colorado firm

Tucson
by in AZRE Magazine | Multi-Family

Colliers International in Greater Phoenix has negotiated the sale of a portfolio containing five apartment communities in Tucson. The properties were the first Arizona acquisition for a Colorado-based investment group. California-based Hamilton Zanze sold the portfolio to Colorado-based Monarch Investment & Management Group, LLC. Cindy Cooke and Brad Cooke of Colliers International in Greater Phoenix… Read More →

The Money Source leases offices, plans to hire 250

The Money Source
by in AZRE Magazine | Office

The Money Source subleased approximately 20,000 square feet of Class A office space at 2355 E. Camelback Rd. This marks the company’s second office lease in Phoenix during 2016. “The Money Source is committed to attracting and retaining the best employees in the Valley and plans to hire approximately 450 employees this year in Metro Phoenix,”… Read More →

Bear Holdings Group makes first asset buy in Prescott area

Bear Holding Group
by in AZRE Magazine

Colliers International in Greater Phoenix negotiated the sale of The Terraces at Glassford Hill apartments at 5700 E. Market St. in Prescott Valley, AZ. “This remarkable asset is situated on Glassford Hill giving the tenants picturesque views of Prescott. The unique location and the quality of the apartment community created a highly desirable community among… Read More →

Canadian investor buys Tempe apartments for $21.3M

Tempe apartments
by in AZRE Magazine | Multi-Family

Colliers International of Greater Phoenix negotiated the $21.3 million sale of The Arbors at 5th Apartments located at 805 W. Brown St. in Tempe, AZ. The community was purchased by a private investor based out of Vancouver, Canada. Senior Executive Vice President Cindy Cooke and Senior Vice President Brad Cooke of Colliers International in Phoenix… Read More →

Tech firm Zenreach signs lease for office in Phoenix

Biltmore Center
by in AZRE Magazine | Brokerage

Zenreach, a San Francisco-based technology company, will open its first major office outside of its headquarters at Biltmore Center, 2390 E. Camelback Rd.  The company plans to employ approximately 350 people at the Camelback Corridor office.  “This makes a major win for Phoenix and the Biltmore Center property,” says Ryan Timpani, Vice President with Colliers… Read More →

Phoenix retail vacancy falls despite national tenant closures

shopping
by in AZRE Magazine | Industry Insiders

The Greater Phoenix retail market is improving at a steady pace with vacancy dropping, rents ticking higher and investment activity gaining momentum.  The city has seen positive trends despite the store closures of such national chains as The Room Store and Sports Authority. Retail vacancy fell 10 basis points in the second quarter, reaching 9.4… Read More →

Greater Phoenix commercial property sales mixed in Q2

Deal, WEB
by in AZRE Magazine

Sales of commercial properties in Greater Phoenix were uneven in the second quarter of 2016 with a surge in industrial buildings and shopping centers, while office properties and medical office condos dropped in volume.  This finding is part of the mid-year report from Colliers International in Greater Phoenix. Sales velocity, in most cases is ahead… Read More →

Colliers adds associate VP to retail group

Colliers
by in AZRE Magazine | Newsmakers

Summer Jackson joined Colliers International in Greater Phoenix as an associate vice president in the Retail Group. She joins Associate Vice Presidents John Jackson and Larry Miller on their team. “Mrs. Jackson came from a competitor where she started the retail leasing division eight years ago,” says Bob Mulhern, senior managing director of Colliers. “Her… Read More →

Canadian investors buy 2 Valley apartments for $34.96M

Arbors on 5th , at 805 W. Brown St. in Tempe, is located near Arizona State University and the light rail. (Photo courtesy of Western Wealth Capital)
by in AZRE Magazine | Multi-Family

Western Wealth Capital, a Vancouver, Canada-based multi-unit rental property investment firm, recently purchased the 197-unit Arbors on 5th in Tempe for $21.3 million ($108,000 per unit) and the 148-unit Arcadia Walk in Phoenix for $13.66 million ($92,000 per unit). After closing on these back-to-back multifamily deals in two days, Western Wealth Capital now owns 23 properties and… Read More →

CBRE completes more than 260KSF of industrial leases

CBRE
by in AZRE Magazine | Industrial

CBRE completed over 260,000 square feet of industrial leases at two new Trammell Crow Company industrial projects in the Deer Valley Airpark submarket of metropolitan Phoenix. The first of the two projects, Park Ladera at Spectrum Ridge, consisted of 220,000 square feet of warehouse space and was completed in August 2015. The CBRE team of Mitch… Read More →

Colliers negotiates $6.2M Central Phoenix apartment sale

Colliers
by in AZRE Magazine | Brokerage | Multi-Family

Colliers International of Greater Phoenix  negotiated the $6,175,000 sale of Lincoln Village apartments at 2211 W. Campbell Ave. in Central Phoenix. “Lincoln Village is a perfect example of a property purchased to take advantage of rapid rising rents in the recovering west side of Phoenix,” says Trevor Koskovich, executive vice president of Colliers International. “The… Read More →

Phoenix multifamily market hits strongest level in 10 years

Capital Place, Downtown Phoenix
by in AZRE Magazine | Multi-Family

Colliers International in Greater Phoenix released its mid-year 2016 Multifamily Statistics, which reports that the past three months were the strongest quarter in 10 years for property sales. The multifamily market is expected to continue its improvement during the second half of the year. Investment activity reached its highest point since 2007 this past quarter… Read More →

Colliers negotiates $5.45M west Phoenix apartment sale

Colliers
by in AZRE Magazine | Brokerage | Multi-Family

Colliers International of Greater Phoenix negotiated the $5.45 million sale of Bella Rio Apartments at 4903 W. Thomas Rd. in West Phoenix. The property was sold to a local investor who is adding the development to his existing portfolio of local apartment projects. “Bella Rio is a perfect example of a property purchased to take… Read More →