cushman wakefield Archives

Hunter Engineering acquires Gold Dust Corporate Center

by in AZRE Magazine | Office

Cushman & Wakefield and SalCohn, LLC completed the sale of Gold Dust Corporate Center, located at 10446 N. 74th Street in Scottsdale, Ariz., for $5.35 million. Michael Kitlica, Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller. Adam Tolson of Lee & Associates represented the buyer, Hunter Engineering. Built in 2002, Gold… Read More →

Maricopa’s rebound continues with Edison Pointe groundbreaking

by in AZRE Magazine | Construction

Back in the depths of the Great Recession, Maricopa was in the national spotlight for all the wrong reasons, including being dubbed “A Paradise Lost” by the Wall Street Journal due to all the abandoned home developments. Now this booming city of 50,000 is once again the state’s fastest growing community, and also boasts one… Read More →

New to Market: 6 projects you need to know

Downtown Phoenix at night
by in AZRE Magazine

There are a lot of cranes operating in Arizona as developers pursue new projects that are creating a more diverse state. Here are six projects that were recently finished or broke ground in Arizona, as seen in the July/August issue of AZRE magazine. The Watermark | Tempe DEVELOPER: Fenix Development GENERAL CONTRACTOR: Okland Construction ARCHITECT:… Read More →

2017 AZRE Forum recap

by in AZRE Magazine

Last night, AZRE magazine hosted the AZRE Forum at the Camby, where three panelists of commercial real estate experts discussed the hottest trends and topics for 2017. The mid-year market update was informative, as panelists talked about how Arizona’s multifamily, retail, office and industrial sectors are performing. Click on slideshow to view photos in full… Read More →

Camelback Corridor Shopping Center sold

by in AZRE Magazine | Brokerage

Cushman & Wakefield completed the sale of Camelback Center, a CVS/Pharmacy anchored, neighborhood shopping center located on the northeast corner of Camelback Road and 16th Street in Phoenix, on behalf of an undisclosed seller. Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller. Perry Investment Trust purchased the property for an undisclosed… Read More →

Don’t miss the inside scoop on CRE at tomorrow’s AZRE Forum

AZRE Forum
by in AZRE Magazine

With more than half of 2017 behind us, it’s time for AZRE’s commercial real estate mid-year market update and forecast, AZRE Forum. The forum will be held at the Camby, along the Camelback Corridor, on Thursday, Aug. 3 from 3:30 p.m. to 6 p.m. Tickets can be purchased directly online. Three panels at the AZRE… Read More →

Meet AZRE Forum Panelist: Mark Stratz

Mart Stratz
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Mark Stratz, director of Cushman & Wakefield, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

3.88 acres at The Watermark | Tempe sell for $14.7M

by in AZRE Magazine | Brokerage

Fenix Development and Cushman & Wakefield announced today that 3.88 acres at The Watermark | Tempe sold to Dallas-based Trinsic Residential Group for $14.7 million. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the seller, Los Angeles-based Fenix Development in the transaction. Aura at Watermark, the high-rise apartment tower… Read More →

Phoenix’s rise as a secondary and tertiary market

GoDaddy
by in AZRE Magazine

Foreign investors are taking measured risks in secondary and tertiary markets in order to secure yield premiums on their investments that are unavailable in more traditional gateway markets. Historically, foreign investments into the United States real estate market have predominately involved assets and projects in gateway markets like, San Francisco, Los Angeles, New York and Boston.… Read More →

Pacific Real Estate Partners buys Phoenix Apartments for $9.3M

by in AZRE Magazine | Brokerage

Cushman & Wakefield announced the $9.3 million sale of Summerhill Apartments, a 130-unit apartment community located at 2925 N. Greenfield Road in Phoenix, to Phoenix-based Pacific Real Estate Partners. Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the seller, Summer Hill URMTA LLC of Mesa, Ariz. Summerhill Apartments is a… Read More →

California-based buyer acquires Thunderbird Village for $12.5M

by in AZRE Magazine | Brokerage | Retail

Brokers from LevRose Commercial Real Estate closed the sale of Thunderbird Village in Peoria for $12.5 million. Located at 7518 W. Thunderbird Road, the 82,099 square-foot building includes a 90 percent leased retail center. California-based company, Deerwood Retail Opportunities AZ, LLC, purchased the property from CAZCO Asset Management Inc. The brokers for the buyer were… Read More →

Tempe industrial park sold for $19.1M

Cushman & Wakefield completed the sale of Kachina Industrial Park, located at 1805-1850 W. Drake Drive in Tempe on behalf of Northern California-based Kieckhefer Properties. Libitzky Holdings LP of Emeryville, Calif. purchased the property for $19.1 million. Bob Buckley, Tracy Cartledge, Steve Lindley and Ben Geelan of Cushman & Wakefield represented the seller. Kachina Industrial… Read More →

301-unit apartment community in Phoenix sells for $12.7M

by in AZRE Magazine | Brokerage

Cushman & Wakefield announced the $12,742,000 sale of La Reserve at Forty-Fifth, a 301-unit apartment community located at 2627 N. 45th Avenue in Phoenix, to Phoenix-based Jevan Capital, PLLC. Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the seller, CEGOP-PHX 1, LLC of Fort Collins, Colo. Built in 1972, La… Read More →

Cushman & Wakefield sells The Vig Fillmore for $2.3 million

by in AZRE Magazine

Cushman & Wakefield announced that The Vig Fillmore, located at 606 N. 4th Avenue in Phoenix, has been sold for $2.3 million to 4th & Fillmore Place, LLC. The owners sold the property as a long-term sale leaseback and will continue to occupy the space.  Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller.… Read More →