colliers international Archives

Tech firm Zenreach signs lease for office in Phoenix

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

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

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

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

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 →

Phoenix medical office space leasing faster than space is added

Healthcare Reform Impacting Healthcare Real Estate
by in AZRE Magazine | Medical

Colliers International in Greater Phoenix released its mid-year 2016 Medical Office Market Report for Greater Phoenix. Vacancy of Medical Office space in Greater Phoenix dropped in the second quarter to 16 percent, which is 180 basis points below mid-year 2015. Vacancy in both on-campus and off-campus locations has declined during second quarter. Net absorption of… Read More →

Phoenix industrial activity on the rise, according to reports

Phoenix Industrial
by in AZRE Magazine | Industrial

Phoenix industrial vacancies have been down, according to one report, as another report sites high activity in Phoenix’s third-smallest industrial submarket, northwest Phoenix. Colliers International Colliers International in Greater Phoenix released its mid-year 2016 Industrial Market Report for Greater Phoenix, and found an increase in leases for the second quarter. The Colliers report highlighted: Industrial… Read More →

Colliers International scores leasing rights for Biltmore Center

Biltmore Center

ViaWest Group selected Colliers International in Phoenix as the exclusive leasing agent for Biltmore Center, previously known as Biltmore Financial Center, a landmark Class-A office complex at the northwest corner of 24th Street and Camelback Road. “The new ownership of Biltmore Center has embraced the evolution of office tenancy and is activating an environment that… Read More →

Colliers goes collaborative with workspace renovations

Colliers
by in AZRE Magazine | Office

Colliers International in Greater Phoenix recently completed an office renovation at the Biltmore Financial Center, creating an inviting open concept that fosters collaboration and creativity, increases efficiency and enables brokers to better serve clients.   Photos courtesy of Colliers International Colliers held visioning sessions and conducted internal surveys during a two-year comprehensive workplace strategic review… Read More →

Deer Valley apartments sell for $33M

Deer Valley apartments
by in AZRE Magazine | Brokerage | Multi-Family

Colliers International in Greater Phoenix negotiated the sale of The Park at Deer Valley apartments at 17425 N. 19th Ave., in Phoenix, for $33 million or $75,688 per unit. Executive Vice Presidents Bill Hahn, Jeff Sherman and Trevor Koskovich with Colliers’ Phoenix office represented both the buyer and seller. The seller was Bruckal Properties, Inc.,… Read More →