colliers international Archives

Colliers negotiates $4.6M multifamily sale

Villas at Montebella in Peoria, Arizona (Photo provided by Colliers International)
by in AZRE Magazine | Multi-Family

Colliers International in greater Phoenix negotiated the sale of Villas at Montebella, a 100-unit apartment asset at 10860 N. 85th Ave. in Peoria, Arizona, for $4.6 million or $46,000 per unit. Executive Vice Presidents Bill Hahn, Jeff Sherman and Trevor Koskovich with Colliers represented both the seller and buyer. The seller was WE Villas at Montebella… Read More →

Sonoma Terrace apartments sell for $15M

Sonoma Terrace Apartments
by in AZRE Magazine | Multi-Family

Colliers International in Greater Phoenix completed the sale of the Sonoma Terrace apartments at 5220 W. Northern Ave., in Glendale, Arizona, for $15.35 million or approximately $59,038 per unit. Executive Vice Presidents Trevor Koskovich, Bill Hahn and Jeff Sherman, with Colliers’ Phoenix office, represented both the seller and buyer. The seller was Mentor Properties, Inc., of… Read More →

CRE leader Bob Mulhern also leads education

Bob Mulhern, managing director of Colliers International in Greater Phoenix (Photo: Mike Mertes)
by in After Hours | AZRE Magazine

There are most likely a lot of surprises in the lives of commercial real estate executives with 30 years in the business. But there are some surprises that are more unexplained than others. “It may surprise many people that I am a co-founder of Great Hearts Academies,” says Bob Mulhern, managing director of Colliers International… Read More →

Chandler multifamily complex sells for $47M

Colliers International
by in AZRE Magazine | Multi-Family

Colliers International in Greater Phoenix completed the sale of The Fairways, a 352-unit, Class A apartment community at 777 W. Chandler Blvd., in Chandler, Arizona, for $47 million or $133,523 per unit. The seller was BAZV Fairways LLC, of Scottsdale, Arizona, a company formed by The Bascom Group of Irvine, California. Cindy Cooke, senior executive vice… Read More →

CRE leaders win big at 2015 Best of NAIOP

NAIOP
by in AZRE Magazine | Brokerage

Bob Mulhern, senior managing director at Colliers International, was honored with the Award of Excellence at the 2015 Best of NAIOP last week at the Arizona Biltmore. A NAIOP member since 1994, Mulhern served on the Arizona Board of Directors for 14 years, including stints as president and chairman in 1996. He is currently chair… Read More →

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

arizona.desert
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

Downtown
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

123rf.com:  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

sold
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 →