commercial real estate Archives

Tucson apartments sell for $3.12M

sold
by in AZRE Magazine | Multi-Family

Marcus & Millichap (NYSE: MMI), a commercial real estate investment services firm with Phoenix offices, completed the sale of Tucson apartments, the Desert Cove, a 70-unit apartment property. Don Morrow, regional manager of the firm’s Phoenix office, said the asset sold for $3,120,000. Hamid Panahi, James Crawley, Cliff David and Steve Gebing, investment specialists in Marcus &… Read More →

P.B. Bell adds marketing director and project managers

123rf.com: Jakub Jirsak
by in AZRE Magazine | Brokerage

Real estate management firm, P.B. Bell, added a trio of industry professionals to its corporate team based in Scottsdale. Arian Ploszaj has joined P.B. Bell as marketing director, while Tim Donhauser and Trey Brandt have been named as new development project managers. Ploszaj brings more than 10 years of commercial marketing experience to P.B. Bell, a… Read More →

Commercial Real Estate Tech Trends

Tech trends

Technology has been integrated throughout the real estate spectrum for some time. It may come as little surprise then, to learn that property managers in Phoenix are utilizing the very latest and lasting trends in technology-managment enhancement systems. “The property management job has become much more technical,” says Sue Cannon, LEED green associate and senior… 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 →

James Underhill named CEO of Cresa

phoenix
by in AZRE Magazine | Newsmakers

James M. Underhill has been named chief executive officer of Cresa, the world’s largest commercial real estate firm focused solely on advising tenants and occupiers of space.  Setting a bold objective of doubling Cresa’s staff and revenue within five years, Underhill will focus on the firm’s growth in key domestic and global markets, bolstering capabilities… Read More →

Velocity Retail Group promotes Michael Clark to SVP

Velocity Retail Group
by in AZRE Magazine | Newsmakers

Velocity Retail Group LLC promoted Michael Clark to senior vice president. With nearly 18 years of experience working with prominent national clients, Clark built a track record negotiating transactions for investment properties while also representing landlord’s and tenant’s. Over the past decade Clark has worked with national shopping center owners such as NorthStar Realty Finance Corp., Evergreen… Read More →

Desert Commercial Advisors announces sales, leases

123rf.com: Vadim Guzhva
by in AZRE Magazine | Brokerage

Desert Commercial Advisors announced its recent sales and leases, totaling $1,515,000 million in sales across the Valley, and 21,915 square-feet worth of leased out space. Sales: Office advisors, Justin Horwitz and Paul Borgesen III sold 8,643 square-feet to Michael Smith, who was represented by SRM Development for $635,000.00. The retail property is located at 2722 N.… Read More →

Colliers International adds associate vice president

JLL

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 →

40 companies to watch in 2016

40 Companies to Watch
by in AZRE Magazine | In The Spotlight

Experts say Arizona has said goodbye to the recession and the commercial real estate industry can expect slow, steady growth in 2016. But it takes innovative companies with creative leaders to be catalysts to that growth. AZRE magazine casts a spotlight on 40 leading-edge companies — in alphabetical order — who will likely leave their… Read More →

IREM and CCIM host 2016 economic forecast

Arizona Commercial Real Estate Development
by in AZRE Magazine | Brokerage | Industry Insiders

With an overall growth in the commercial real estate industry in 2015, what lies ahead in 2016 for Metro Phoenix? Find out Friday, Jan. 22, at the Tempe Center for the Arts at the 2016 Institute of Real Estate Management and Certified Commercial Investment Member Institute Economic Forecast and get the real scoop from the… Read More →

Knight Management adds Ed Valerio to leadership team

Fennemore Craig
by in AZRE Magazine | Newsmakers

Knight Management, a Phoenix-based commercial property management firm,  expanded its executive leadership team  by appointing Edward Valerio as director of property management. Valerio will  handle the operations and client service for the company’s wide range of customers and properties throughout the valley. He brings more than 17 years of professional real estate experience to Knight… Read More →

PICOR announces Tucson sales, leases

123rf.com: feverpitched
by in AZRE Magazine | Brokerage

Tucson-based commercial real estate firm, PICOR announced a string of sales and leases in Tucson on Thursday. DNJ Holdings LLC purchased a 74,300 square foot industrial building for $1,557,750 on 8.25 acres at 4001 E. Irvington Rd. in Tucson from SCB Properties LLC. PICOR represented the seller and Tom Hunt and Bob Davis with Tango… Read More →

IPA sells Tempe multifamily property for $16.6M

Sold Sign
by in AZRE Magazine | Brokerage | Multi-Family

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of Cabana on McClintock, a 181-unit multifamily property in Tempe for $16.6 million. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller, Deco Communities,… Read More →