colliers international Archives

Valley Partnership analyzes economic impact of Luke Air Force base

by in AZRE Magazine | Events

This month’s panel will discuss the economic impact of Luke Air Force base on the Valley and the state of Arizona. The panel will be held at the Phoenix Country Club on Friday, April 21 from 7 a.m. to 9 a.m. Brigadier General Brook Leonard, Luke’s new Commander of the 56th Fighter Wing, will provide… Read More →

Washington investor buys Glendale apartments for $19.5M

Glendale apartments
by in AZRE Magazine | Brokerage | Multi-Family

An apartment community near Luke Air Force Base in Glendale was purchased by a Washington-based investor for $19,500,000, according to Colliers International, the brokerage firm that worked on the deal. Desert Gardens V LLC, an Arizona limited liability company sold the Desert Gardens apartment complex to Del Marco LLC, a Washington limited liability company. The complex is… Read More →

Brokers, developers and projects honored at 2016 Best of NAIOP

by in AZRE Magazine | In The Spotlight

The Arizona chapter of NAIOP honored developers, projects and brokers at its 2016 Best of NAIOP awards. This year, Grady Gammage Jr., a real estate and zoning attorney who was a founder of Gammage & Burnham, received the Award of Excellence at the ceremony, which was held at the Arizona Biltmore. Gammage has had a long career, which… Read More →

Apartments near Alma School Road sell for $20M

Apartments near alma school road
by in AZRE Magazine | Multi-Family

Fiesta Park Apartments at 1033 S. Longmore Rd. has been sold for $20 million. A California-based real estate company acquired the property to expand its portfolio of apartment communities in the Phoenix area. The property consists of 10, three-story apartment buildings that contain 320 units totaling 234,696 square feet. Situated on 8.8 acres of land,… Read More →

Developers buy land along Central Avenue for mixed-use project

Central Avenue mixed-use project
by in AZRE Magazine | Brokerage

A partnership between three companies purchased 1.565 acres near Central Avenue and McDowell Road in Phoenix for $4.5 million, according to Colliers International. Ryan Companies, Tilton Development Company and Hunt Investment Company plan to develop a mixed-use project with residential and office components on the site, at the northeast corner of Willetta Street and Central… Read More →

Biltmore Corporate Park sold for $7M

Biltmore Corporate Park
by in AZRE Magazine | Office

Biltmore Corporate Park office project at 6245 N. 24th St. has been sold to a local investor for $7,075,000. The new owner plans to modernize the multi-story building. “Biltmore Corporate Park is a prime example of an existing asset that has been well maintained and only requires a repositioning to capture its full potential,” says… Read More →

Report: 2016 Phoenix land sales saw steady improvement

by in AZRE Magazine

The Greater Phoenix housing market maintained its pace of steady improvement in the last six months of 2016, which encouraged an acceleration in land sales. Total land activity was nearly identical to 2015 and projections indicate continued momentum throughout this year, according to a report released by Colliers International in Greater Phoenix. Permitting for both… Read More →

Deer Valley industrial facility sells for $4.75M

Deer Valley
by in AZRE Magazine | Industrial

A Deer Valley industrial facility sold for $4.75 million to a Los Angeles-based company, according to Cushman & Wakefield. West End Hotel LLC purchased the 36,907-square-foot property at 1733 W. Parkside Lane in Phoenix from Phoenix-based Accutron Real Estate Holdings. Cushman & Wakefield’s Executive Directors Rick Danis, Kent Hanson and Paul Boyle represented the seller. Bob Broyles… Read More →

Tempe data center sells for $16.4M

Tempe Data Center
by in AZRE Magazine

A Florida-based investment firm purchased a Tempe data center from a Scottsdale-based development company for $16,400,000, according to Colliers International. The data center includes 44,244 rentable square feet and was 100 percent leased at the time of the sale. Korth and Kirk Kuller of Colliers International in Greater Phoenix and Luke Denmon of CBRE handled… Read More →

Sky Harbor Towers redevelopment nearing completion

Sky Harbor Towers
by in AZRE Magazine | Office

The Muller Company, in a joint venture with investment firm Harbert Management Corporation, announced that the $20 million redevelopment of Sky Harbor Towers office complex is nearing completion of its first phase. The 13.6-acre, two-building office campus located at the intersection of Interstate 10 and State Route 143 is anticipated for move in this spring.… Read More →

Apartments near I-17 in Phoenix sell for $19M

apartments near I-17
by in AZRE Magazine | Multi-Family

Solano Terrace Apartments at 4715 N. Black Canyon Highway was sold to a California investor for $19 million, according to Colliers International. “This property offered a unique opportunity close to the major transportation sources of Interstate 17 and Light rail,” says Bill Hahn, executive vice president with Colliers International in Greater Phoenix. “The community is… Read More →

Congregation Or Tzion purchases Scottsdale church for $4.246M

Covenant Community Church
by in AZRE Magazine

Congregation Or Tzion purchased an industrial/flex building at 16415 N. 90th St. from Covenant Community Church for a price of $4,246,000, according to Colliers International. The well-known Scottsdale synagogue plans to accommodate future growth of its congregation and operations in the property. Congregation Or Tzion purchased the 21,230-square-foot building from Covenant Community Church of Scottsdale,… Read More →

Avnet headquarters sell for $32M

Avnet Headquarters
by in AZRE Magazine | Brokerage

The corporate headquarters of Avnet Inc. has been sold to Phoenix-based Cole Office & Industrial REIT (CCIT II) Inc. for $32 million. The Class A, 176,402-square-foot building at 2211 S. 47th St. has been the technology company’s worldwide headquarters since 1997. “This signature property provided an opportunity to acquire a global corporate headquarters with a long-term,… Read More →

What land development trends and issues will we see in 2017?

land development trends
by in AZRE Magazine

In “A Tale of Two Cities,” “It was the best of times, it was the worst of times.” A 2017 preview of land development for Phoenix and outlying regions may not be as dramatic as being best or worst, but it assuredly is a tale of two markets. Residential land development will call the shots… Read More →