colliers international Archives

Colliers completes high price-per-square-foot sale

margrave celmins

Colliers International in Greater Phoenix recently completed the sale of a 6,000-square-foot freestanding office building for $1.5 million, or $250 a square foot. The Scottsdale office building located in the Indian Bend Corporate Centre currently houses the Law Offices of Margrave Celmins, P.C. 8171 E. Indian Bend Rd, LLLP of Scottsdale traded the property, 8171… Read More →

Colliers completes Thunderbird Wellness Centre sale

Thunderbird Wellness
by in AZRE Magazine | Brokerage | Medical | New to Market

Colliers International in Greater Phoenix recently completed the sale of the Class A, 56,413-square-foot Thunderbird Wellness Centre in Peoria, Arizona. The institutional-quality medical and wellness complex was 88-percent occupied at the time of the sale. MedProperties in Northbrook, Illinois purchased the center, located at 6750-6790 W. Thunderbird Rd., from Second City Real Estate in Vancouver,… Read More →

Colliers assists Veterans Affairs with health center lease

Jonathan Ammon of OffTheGroundAZ.com

Colliers International in Greater Phoenix recently assisted the U.S. Department of Veterans Affairs in securing a long-term office lease in the 80,814-square foot Estrella Health Center in Phoenix. The Phoenix VA leased the 4th floor of the building, located at 9250 W. Thomas Road, from Legend Real Estate Management with corporate offices in Los Angeles.… Read More →

Colliers’ ASU-UA survey turns into Duel in the Desert

OLYMPUS DIGITAL CAMERA
by in AZRE Magazine | Events | In The Spotlight

Colliers International in Greater Phoenix conducted an unscientific survey of whether it has more ASU or U of A fans in advance of the annual football matchup, to be held this year on Nov. 21 at Sun Devil Stadium in Tempe. The result turned into another Duel in the Desert with Ramey Peru, who served as UofA’s punter from… Read More →

Colliers completes $6.5M lease and sale for Rae Family Trust

Rae Family Trust

Colliers International in Greater Phoenix recently completed a $1.96 million office lease and a $4.525 million sale of the same multi-tenant industrial office building for the James A. Rae Family Trust of Phoenix, which is exclusively represented by Colliers Vice Presidents Kim Soulé and Tom Knaub. The property, owned by the Rae Family Trust, is… Read More →

Colliers International completes $2.175M combined sale

Sleep Consultants

Colliers International in Greater Phoenix recently completed two separate medical office condominium sales totalling $2.175 million in a triple net leaseback deal for Desert Pulmonary and Sleep Consultants in Gilbert. The combined square footage is 8,396. Both transactions were led by Steve Gonzalez, senior vice president; Marcus Muirhead, vice president; and Greg Guglielmino, senior associate;… Read More →

Colliers completes $13.25M sale of Biltmore property

The District at Biltmore
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed the $13.25 million sale of 150,000 square feet of buildings located on 4.4-acres of property in Phoenix. The property will be razed and a new upscale multifamily community constructed on the land. Kaplan Acquisitions LLC of Scottsdale purchased the property, located at 4602 N. 24th St. Colliers International… Read More →

P.B. Bell acquires Siena Apartments in Phoenix

Siena Apartments

P.B. Bell, a leader in multi-family housing development, management and acquisitions, has acquired the Siena apartment community in Phoenix in a joint venture purchase with New York City-based Stonecutter Capital Management LLC. P.B. Bell and Stonecutter Capital Management purchased the 352-unit community from Siena Baseline Partners LLC for just over $31 million.  Cindy and Brad… Read More →

Colliers completes the sales of multifamily complex

123rf.com: Tim Wege

Colliers International in Greater Phoenix recently completed two sales for one buyer, Investment Property Associates (IPA) of Grand Haven, Mich. The buyer purchased the 395-unit Sienna Springs apartment complex for $20.5 million and the adjacent Willowick Square office building for $5.9 million, both in Phoenix. Both properties are located on the southwest corner of North… Read More →

Colliers International completes sale of 1,114-Unit portfolio

rsz_propertymanagement

The Cooke Multifamily Team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, AZ 3 multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56. The size of this Class A and Class B+ portfolio attracted attention from investors around the world. The deal was awarded to an… Read More →

Colliers International completes $20 million investor sale

colliers

Colliers International in Greater Phoenix recently completed the sale of a 313,600-square-foot cross-dock distribution warehouse in Phoenix for $20.32 million, or $64.80 per square foot. CAM Industrial Fund Acquisition Fund, LLC, an affiliate of Cohen Asset Management Inc., of Los Angeles, Calif., purchased the property, located at 4550 West Watkins Street, from Kansas City Life… Read More →

Second quarter 2015 brokerage reports

National League of Cities Gathering

With the closing of the second quarter and first half of 2015, brokerages around the Valley provided their numbers and predictions for the last and next six months in various commercial sectors. Q2 OFFICE REPORTS Cushman & Wakefield CBRE C&W|PICOR Marcus & Millichap DTZ Colliers (Office) Colliers (Medical Office) JLL Q2 INDUSTRIAL REPORTS C&W|PICOR CBRE… Read More →

Colliers completes long-term lease for Avesis Incorporated

123rf:  Andriy Popov
by in AZRE Magazine | Brokerage

Colliers International in Greater Phoenix recently represented Avesis Incorporated in a long-term office lease totaling +/- 55,501 square feet at the Corporate Center, located at 10400 North 25th Avenue in Phoenix. The tenant was represented by Todd Noel, CCIM, executive vice president with Colliers International. The landlord, Bob Olshan, vice president and Phoenix office head… Read More →

Big Deals: Retail/Sales, July-August 2015

El Pedregal, Scottsdale
Photo by Robin Sendele, Az Big Media

It’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar. 1. El Pedregal, Scottsdale 62,310… Read More →