colliers international Archives

Scottsdale Airpark value continues to increase

Scottsdale Airpark II, WEB
by in AZRE Magazine | Mixed-Use

Land and building sales volume at the Scottsdale Airpark increased from 2014 to 2015 while vacancy rates continued to decline, according to a Colliers International Greater Scottsdale Airpark 2030 report. Land sales volume saw a sharp rise at the business park in 2015, with 88.85 acres sold for a total of $94.8 million compared to 37.57 acres for… Read More →

Residential and commercial land sales on rise

by in AZRE Magazine

Colliers International’s Second Half 2015 Land Research and Forecast report shows the pace of land sales accelerated through the end of last year, with double-digit gains recorded across proposed land uses. From the first half of 2015 to the second half of the year, sales of land parcels rose by 12 percent for residential construction, 36… Read More →

New York firm purchases Phoenix Corporate Center

Corporate Center
by in AZRE Magazine | Brokerage | Office

Cohen Equities, a New York City-based real estate investment and management firm, purchased the Corporate Center located at 10400 N. 25th Ave. in Phoenix. The acquisition marks the firm’s second deal within the submarket since November 2015. Cohen Equities secured Corporate Center from CWSP-I-J, LLC, a company formed by Crown West Realty of Phoenix ­and owner… Read More →

Sorrento Apartments in Mesa sell for $18M

Sorrento Apartments
by in AZRE Magazine | Multi-Family

Colliers International in Phoenix completed the sale of the 226-unit Sorrento Apartments for $18 million, or approximately $79,646 per unit. The community is located at 901 S. Dobson Road in Mesa. Cindy Cooke, senior executive vice president and Brad Cooke, senior vice president, with Colliers’ Phoenix office, represented the seller, San Francisco-based Hamilton Zanze. The Cooke… Read More →

EDU3 Ventures buys land near Tempe Town Lake

by in AZRE Magazine | Brokerage | Mixed-Use

Colliers International in Greater Phoenix negotiated the $1.4 million purchase of 1.5 acres at 942 and 946 W. First St. in Tempe, near Arizona State University and Tempe Town Lake. The site, which consists of two parcels and a 10,200-square-foot warehouse building, is planned for a mixed-use, live/work redevelopment. Mike Milic, vice president with Colliers, represented the buyer,… Read More →

NAIOP honors Bob Mulhern with award of excellence  Elnur Amikishiyev
by in AZRE Magazine

Bob Mulhern, senior managing director of Colliers International in Greater Phoenix, will be honored with the Award of Excellence from NAIOP Arizona at its 2016 Best of NAIOP event on March 24 at the Arizona Biltmore. The NAIOP Award of Excellence recognizes an individual who has made a significant, positive impact on the office and… Read More →

Colliers sells Chandler 396-unit apartment complex

by in AZRE Magazine | Multi-Family

Colliers International negotiated the sale of Country Brook, a 396-unit Class A apartment community at 4909 W Joshua Blvd., in Chandler. The seller was BAZV Country Brook, LLC, of Scottsdale, Arizona, a company formed by The Bascom Group of Irvine, California. The seller was represented by Cindy Cooke, senior executive vice president; and Brad Cooke,… Read More →

Colliers International honors eight Phoenix brokers

Coldwell Banker Commercial Advisors
by in AZRE Magazine | Brokerage

At its annual awards banquet, commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) recognized eight brokers in the Greater Phoenix region as being among the company’s top performers for 2015 across the United States, Canada and Latin America. These professionals were honored in Washington, D.C., during Colliers International’s largest annual meeting, the… Read More →

2015 medical office vacancy lowest since 2008

medical office vacancy
by in AZRE Magazine | Medical

The Greater Phoenix medical office market strengthened in 2015, particularly in the second half of the year, according to Colliers International‘s fourth quarter 2015 medical office market report. Vacancy ended the year below 17 percent, the lowest figure since mid-2008. Local vacancy is expected to continue this gradual pace of improvement, even as a few new… Read More →

Phoenix Mountain Park Plaza sells for $9.7M

Mountain Park Plaza
by in AZRE Magazine | Retail

Colliers International in Greater Phoenix negotiated the sale of Mountain Park Plaza on 7th Street and Baseline Road in Phoenix, for $9,665,000. Mindy Korth, executive vice president; and Kirk Kuller, vice president, with Colliers’ Phoenix office represented the seller, Western America Commercial, which is a 19-member Tenant in Common based in Issaquah, Washington. The seller… Read More →

Colliers International adds associate vice president


The Colliers International Phoenix office announced the appointment of Associate Vice President Nick Ault, who specializes in retail and restaurant real estate services with a focus on tenant representation. Ault will partner with Daniel Ortega, vice president, a highly-regarded retail specialist. The team represents local, regional and national tenants, buyers and sellers in the leasing,… Read More →

Colliers International promotes six brokers


Colliers International in Greater Phoenix promoted six brokerage professionals to executive positions. “Colliers is pleased to announce the well-deserved promotions of six key professionals, who represent best-in-class in our industry,” said Bob Mulhern, managing director of Colliers International in Greater Phoenix. “Their promotions reflect their expertise, achievements and commitment to the success of our clients.”… Read More →

Colliers adds Rachael Thompson to team

Tyler Smith

Colliers International’s Phoenix office added Rachael Thompson as its senior associate, and she will specialize in healthcare real estate services while focusing on landlord representation. Thompson joined the healthcare services team of Michael Dupuy and Fletcher Perry, both associate vice presidents; and Sean Westfall, associate. She is also a member of Colliers’ Healthcare Services Group,… Read More →

Old Town property sells for $1.25M

Funding Startup Companies Jumpstart Economy
by in AZRE Magazine | Brokerage

Colliers International negotiated the $1.25 million investment sale of the former Pottery Paradise property located in Old Town at 4338 N. Scottsdale Rd. The site is currently fully leased to a Mexican food restaurant, Diego Pops. Stan Sanchez, senior vice president with Colliers, represented the seller, Scottsdale-based Pottery Paradise, Inc. The property was acquired jointly… Read More →