cushman wakefield Archives

New York Life Insurance Company buys Phoenix building

New York Life Insurance Company
by in AZRE Magazine | Industrial

Cushman & Wakefield completed the sale of Phase 1 at 10 West Logistics Center, 6200 W. Van Buren St. The buyer is an entity owned by New York Life Insurance Company. The sellers are Phoenix-based Wentworth Property Company (“WPC”) and Crow Holdings Capital of Dallas, joint venture partners in the development. Cushman & Wakefield Executive Managing Director Andy… Read More →

Cushman & Wakefield negotiates sale of Tempe lakefront property

Tempe lakefront property
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the $25.13 million sale of The Nines Apartments, on behalf of owner FPA Multifamily, LLC of San Francisco. The buyer acquired the property with a $19.522 million dollar loan provided by Brandon Harrington and Matt Steffen of Walker & Dunlop in Phoenix. Located at 999 E. Baseline Rd. in Tempe, Ariz., the… Read More →

CoreNet Global Arizona will host ‘Midyear Market Update’

CoreNet Global Arizona
by in AZRE Magazine | Events

The 2016 commercial real estate industry in the Valley is showing signs of growth at midyear. But what lies ahead for the next six months in regards to job creation, vacancy rates and available capital? These and other topics will be discussed at the “Midyear Market Update: Brokers’ Perspective,” presented by CoreNet Global Arizona, June… Read More →

Gilbert land will be developed into senior living facility

downtown Gilbert AZ
by in AZRE Magazine | Medical

Cushman & Wakefield announced that Kaplan Cheng Investment Group, LLC purchased ±3.81 acres at Lindsay and Williams Field Roads in Gilbert, Ariz. for $1.3 million. The developer plans to develop a ±79,869 square-foot two-story senior living facility with 92 beds, including 36 memory care units. Cushman & Wakefield Vice Presidents Will French and Brian Rosella… Read More →

Interstate Commerce Center sells for $6.74M

Interstate Commerce Center
by in AZRE Magazine | Industrial

Cushman & Wakefield announced that Interstate Commerce Center in Tempe sold to Phoenix-based investor RW Partners, LLC for $6.74 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley and Associate Ben Geelan with Cushman & Wakefield represented the seller in the transaction, Turner Real Estate, LLC. Located in the Tempe and Sky Harbor… Read More →

Katie Weeks joins ZELL Commercial

shopping
by in AZRE Magazine | Newsmakers

ZELL Commerical Real Estate Service Inc., a Phoenix-based full service shopping center management, leasing and brokerage firm, announced that Katie Weeks has joined its team. Weeks joins ZELL as a property manager. Her portfolio of retail properties consists of approximately 665,000 square-feet across Arizona. Prior to joining ZELL, Weeks worked in property management at Opus Property… Read More →

Homes by Towne purchases 10 acres for $1.99M

Homs by Towne
by in AZRE Magazine | Site Selection

Cushman & Wakefield announced Monday Homes by Towne purchased ±10 acres at 40th Street and Lone Mountain Road in Phoenix for $1.99 million. The homebuilder plans to develop 20 lots with an average size of 80-feet by 130-feet. Cushman & Wakefield Vice Presidents Brian Rosella and Will French represented the seller, 45 Lamar LLC of Phoenix.… Read More →

Arcadia Village Shopping Center sells for $19.65M

Arcadia Village Shopping Center
by in AZRE Magazine | Retail

Cushman & Wakefield announced Tuesday the purchase of Arcadia Village Shopping Center, a CVS pharmacy-anchored, retail center located on the southwest corner of Camelback Road and 40th Street for $19.65 million. The shopping center is located in Phoenix’s Arcadia neighborhood. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Arcadia Retail, LLC. “Arcadia… Read More →

New America School opens first Phoenix facility

New America School
by in AZRE Magazine | Education

Daum Commercial Real Estate Services negotiated the $1.3 million purchase by New America School of a 14,000-square-foot facility and parking lot on 2.26 acres at 3024 E. Fillmore St. in Phoenix. The Daum Phoenix team of Bob Lundstedt, Chris Rogers and Trevor McKendry represented the buyer, New America School. The seller was Vicki A. Romero High School… Read More →

JPI Companies acquires 10.79 acres for $11.28M

Rendering of the project on Chandler Blvd. & McClintock Rd.
by in AZRE Magazine | Multi-Family

Cushman & Wakefield announced Wednesday that JPI Companies acquired a ±10.79 acre permit-ready, 283-unit multifamily development site at the northeast corner of Chandler Boulevard and McClintock Road in Chandler for $11.28 million, $39,859 per unit. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented JPI Companies of Irving, Texas… Read More →

Phoenix-based investor purchases New Mexico apartments

123rf.com: Vadim Guzhva
by in AZRE Magazine | Multi-Family

Cushman & Wakefield announced, Monday, that 176-units of the Casas De Soledad apartment project in New Mexico have been sold to an Arizona investor. Phoenix-based Clear Sky Capital (Marcus Kurschat-Principal) purchased 176 units of the apartment development. The remaining 80 units were individually sold at an earlier date. The apartment complex was built in 2004 and is… Read More →

Mirage Estates acquires Scottsdale offices

Office Productivity, Interior Design
by in AZRE Magazine | Office

Cushman & Wakefield announced, Wednesday, that Mirage Estates, LLC purchased a 12,585 square-foot single-story office project at 15876 N. 76th St. in Scottsdale for $1.7 million. The new owner plans to occupy 8,855 square-feet of available space operating as Artisan Cinema & Sound. The property has an in-place tenant, RUHL Forensic that will continue to occupy the remaining… Read More →

Cushman & Wakefield negotiates sale of 2 industrial buildings

Phoenix industrial
by in AZRE Magazine | Industrial

Cushman & Wakefield announced, Wednesday, that Scottsdale-based 9024 Bahia sold two multi-tenant flex industrial buildings at 9024 and 9048 E. Bahia Dr. in Scottsdale for $3.1 million. The buyer was Devil Digs Properties, LLC, which will operate as Lusso Auto Group. Michael Kitlica with Cushman & Wakefield represented the seller in the transaction, Bahia 9024, LLC. Randy Shell… Read More →

Sycamore Square Apartments in Mesa Sell for $9.95 Million

Berkadia
by in AZRE Magazine | Multi-Family

Commercial real estate services firm Cushman & Wakefield announced, Monday, that Sycamore Square Apartments at 1120 S. Sycamore Dr. in Mesa, has been sold to an Oregon-based investor for $9.95 million. The 120-unit apartment complex contains 103,200 square feet of space and is currently 94 percent occupied. Built in 1978, the project is located near… Read More →