cushman wakefield Archives

Gilbert retail center sells for $17.97M

Gilbert
by in AZRE Magazine | Brokerage | Retail

Cushman & Wakefield negotiated the sale of Lakeview Village, a grocery-anchored neighborhood shopping center located in the Morrison Ranch master-planned community, at the southeast corner of Elliot and Higley Roads in Gilbert, Ariz. for $17.97 million. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller, Lakeview Village Center, LLC, which is… Read More →

NAI Horizon reports $16.74M worth of sales, 11 lease transactions

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

NAI Horizon recently announced several of its sales and leases that were finished by late July. During that time period, NAI Horizon reported $16.74 million worth of sales, and eleven lease transactions. Sale Transactions: Russ Warner negotiated the sale of a 20.09 AC Mobile Home & RV Park property, representing the seller, Destiny-Phoenix West, LLC,… Read More →

Downtown Tucson development creating Southern Arizona hotspot

An Aerial Shot of Downtown Tucson, Arizona

The recent rejuvenation of Tucson’s downtown district helps attract Millennials and outside interests to Southern Arizona where the climate is ripening for growth and economic development. “The climate is swinging towards a more predevelopment attitude and a lot of it has to do with the national economy,” said David Ollanik, Sundt Construction project director in… Read More →

AZRE names Most Influential Women in CRE for 2016

women

The 12 women who made AZRE’s Most Influential Women in Commercial Real Estate list are an extraordinary bunch. While that seems implied in the recognition, it’s something that goes beyond their professional achievements. Many of these women had to work their way through the ranks to a C-suite. One was a dealer in a casino.… Read More →

Meet us at the AZRE Forum

AZRE Forum_DSC_0906
by in AZRE Magazine | Events

As the summer months continue to bring the heat, AZRE magazine is doing the same with its commercial real estate mid-year update and forecast on Thursday, July 21 at the Camby from 3:30 p.m. to 6:30 p.m. The AZRE Forum will bring a panel of Arizona’s top commercial real estate experts, yielding in-depth discussions of economics, development… Read More →

Jon Zimmerman joins Cushman & Wakefield

Contractor
by in AZRE Magazine | Newsmakers

Nationally accredited architect Jon Zimmerman has joined Cushman & Wakefield‘s Project and Development Services (PDS) in the West as a Managing Director.   Zimmerman will be based in Cushman & Wakefield’s office in Irvine (Southern California). In his role as Managing Director he will be responsible for the firm’s PDS activities in the Los Angeles, Orange County, San Diego, Inland… Read More →

Report: Phoenix offices making biggest gains since 2006

Photo: eutoch / 123RF Stock Photo
by in AZRE Magazine | Office

A Cushman & Wakefield report showed the Metro Phoenix office market posted the largest midyear net gain since 2006, with just over 1 million square feet during second quarter 2016. At the 2016 midyear point, office vacancy in the Metro Phoenix office market stood at 18.0 percent, a 20-basis-point reduction from first quarter 2016, and an even more significant… Read More →

Tenant demand shows signs of cooling, report says

tempe
by in AZRE Magazine | Office

A recent report released by Cushman & Wakefield Thursday revealed tenant demand for U.S. office space slowed in the first half of the year as businesses recalibrate and react to global economic uncertainty. Despite the deceleration, vacancy remained steady and rents jumped to the strongest growth rate in seven years. The U.S. office sector absorbed 14.7… Read More →

NAI Horizon negotiates Planet Fitness lease

NAI Horizon
by in AZRE Magazine | Brokerage

NAI Horizon negotiated a long-term lease on behalf of the tenant, Planet Fitness, at 20924 N. John Wayne Pkwy. in Maricopa, Ariz. The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega and Retail Specialist Patrick Anthon represented PF Maricopa City LLC in the transaction totaling… Read More →

ViaWest Group sells Phoenix offices for $5.98M

UEI College
by in AZRE Magazine | Office

Cushman & Wakefield announced today that 9215 N. Black Canyon Highway in Phoenix sold by ViaWest Group for $5.98 million. Located in the Northwest Phoenix submarket, 9215 N. Black Canyon Highway is a two-story, 38,086 sf office building. At the time of sale the building was 100% leased to UEI College, which offers specialized, short-term focused… Read More →

ViaWest buys downtown Phoenix industrial facility

downtown Phoenix
by in AZRE Magazine | Industrial

Phoenix-based ViaWest Group closed on its sixth industrial acquisition in the past eighteen months, further expanding its Southwestern U.S. focused industrial platform. ViaWest purchased an 89,423-square-foot industrial building for $5.76 million. The building is located directly across from Chase Field near the corner of 7th Street and Jackson Street centered in the heart of downtown Phoenix. The seller was… Read More →

KBS REIT III renews lease at Anchor Centre

Anchor Centre
by in AZRE Magazine | Brokerage | Office

KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced the renewal of a 16,194-square-foot lease by Northwestern Mutual, a financial planning company, at Anchor Centre. The Class A, two-building office complex totals 333,014 square feet and is located in Phoenix’s Camelback Corridor. Northwester Mutual’s… Read More →

Cushman & Wakefield sells Zocallo Plaza for $15.55M

Zocallo Plaza
by in AZRE Magazine | Retail

Zocallo Plaza, a 51,195 square-foot retail center located near Scottsdale Road and Frank Lloyd Wright Boulevard in Scottsdale, sold for $15.55 million. Built in 1999, Zocallo Plaza is currently 100 percent occupied by a diverse, specialty tenant roster, including Corner Bakery Café, Pella Windows, Desert Schools Credit Union and Classy Closets to name a few. The… Read More →

North Scottsdale office portfolio sells for $122M

Scottsdale
by in AZRE Magazine | Office

A North Scottsdale Class-A office portfolio was sold by its developers for $122 million to a Phoenix-based property company. Wentworth Property Company purchased the 640,000 square-foot portfolio from Desert Troon Companies with plans to renovated the offices, and add two parking garages to the area, according to Cushman & Wakefield. The 640,000 square-foot office portfolio is… Read More →