cushman wakefield Archives

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 →

Arrowhead Creekside in Glendale sells for $11.15M

Arrowhead Creekside
by in AZRE Magazine | Medical

An 11 building medical office campus, Arrowhead Creekside, sold for $11.15 million in Glendale at 7200 W. Bell Rd., according to Cushman & Wakefield on behalf of owner Washington D.C. based Starwood. Arrowhead Creekside is an 69,858 square-foot, medical office campus located in the prestigious Arrowhead Ranch area of Glendale. The project was 97 percent occupied at the… Read More →

Cushman & Wakefield sell Chandler apartments for $21.65M

Chandler Apartments
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the sale of Chandler apartments, which sold for $21.65 million. Park Tower Apartments, a 180-unit value-add multifamily investment at 1283 W. Parklane Blvd. in Chandler, was sold to Chicago-based 29th Street Capital. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented the seller, Scottsdale-based Clear Sky Park… Read More →

Andy Markham will chair WM Phoenix Open

Golfers practice Monday at TPC Scottsdale for the Waste Management Phoenix Open. Photo by Albert Gossie

The Thunderbirds, hosts of the Waste Management Phoenix Open Presented by The Ak-Chin Indian Community, have named Andy Markham Tournament Chairman for the 2017 edition of “The Greatest Show on Grass”, which will be played January 30 – February 5, 2017, at TPC Scottsdale.  Additionally, The Thunderbirds announced that Carlos Sugich has been named Assistant… Read More →

Cushman & Wakefield reps $75.5M sale in Phoenix

Saratoga Ridge
by in AZRE Magazine | Multi-Family

Cushman & Wakefield negotiated the $75.5 million sale of Saratoga Ridge, an 856-unit apartment complex located at 1450 E. Bell Rd. in Phoenix, to Utah-based Bridge Investment Group. Cushman & Wakefield Senior Director Jim Crews and Director Brett Polachek represented the owner, The Variable Annuity of Life Insurance Company (AIG Asset Management, LLC) of Los Angeles.… Read More →

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 →