downtown phoenix Archives

$57M Downtown Phoenix apartments to open in February

Downtown Phoenix Apartments
by in AZRE Magazine | Multi-Family

Two Phoenix apartment complexes near Washington and 12th Streets will have a public grand opening on Feb. 25. Phoenix Mayor Greg Stanton will commemorate the grand opening of Capital Place, a $57 million 292-unit apartment complex. The open house event will showcase the new project and highlight downtown living. In partnership with neighboring businesses, the… Read More →

Historic Welnick Marketplace shaped into reuse project

After the original Welnick Bros. Marketplace closed in 1951, the building functioned as covered parking for businesses in the adjacent building, an auto repair shop and warehouse. (Photo courtesy of Joyce Reiff)
by in AZRE Magazine | Construction

The historic Welnick Bros. Marketplace building in downtown Phoenix has sat vacant for the past decade. But now, developers plan to restore it as an adaptive reuse project with restaurant, retail and entertainment space. Brothers Leo and Ed Welnick built Welnick Bros. Marketplace near Van Buren Street and Fourth Avenue in 1927. They operated a… Read More →

Gabriel Partners expands into Downtown Phoenix

Downtown Phoenix

An Ohio-based technology based anti-money laundering company, Gabriel Partners, expanded into Phoenix with plans of moving 20 employees downtown as well as up to 80 more by the end of the year. Savills Studley represented Gabriel Partners in its long-term lease agreement for the full 19,202 square-foot 22nd floor of 40 North Central Avenue in… Read More →

Collaborative work space opens in Downtown Phoenix

The Department

Local entrepreneurs and city officials gathered, Thursday, at the grand opening of The Department, a collaborative work space for emerging businesses and entrepreneurs. The Department had a soft opening in October and already has 20 businesses working within the space, including a record label, magazine and consulting groups, making up 60 people in the space.… Read More →

Hilton Garden Inn Phoenix Downtown reopens

Hilton Garden Inn
by in Experience AZ Magazine | Stay

Hilton Garden Inn, Hilton Worldwide’s (NYSE: HLT) award-winning brand of hotels, announced in December the opening of Hilton Garden Inn Phoenix Downtown, in the building that was once Phoenix’s historic Professional Building. This 12-story building, located on Central Avenue and Monroe Street, has 170 guest rooms while the entire building play homage to its origins. The building was constructed in… Read More →

Mayor Stanton to commemorate collaborative work space


Phoenix Mayor Greg Stanton will commemorate the opening of The Department, a new collaborative workspace for emerging businesses and leaders, on Thursday, Jan. 14. at 11:30 a.m. Entrepreneurs, small businesses, artists, investors and nonprofits can work within the space, and its commemoration will be held on the sixth floor of the Marketplace One building at… Read More →

Top 10 commercial real estate stories of the year

Bernards & Construction
by in Archives | AZRE Magazine | Construction

Here are the Top 10 commercial real estate stories of 2015, based strictly on the number of readers on The Top 10 stories of 2015 are not based on newsworthiness or importance — although each of these stories are important and newsworthy — but by the sheer number of readers who took the time to… Read More →

Hance Park chooses new executive director

Downtown Phoenix

The Hance Park Conservancy announced the selection of Marcia Karasek as its executive director as the park gets redesigned to become another Downtown Phoenix hotspot. The redesign of this urban park is key to the emerging identity of Phoenix as a new, open and attractive city. Community and business leaders support Hance Park as an… Read More →

Telemedicine will be showcased at Phoenix event

Health Nations Telemedicine

In response to the great success of the first Telemedicine and Telehealth Service Provider Showcase (SPS) in October 2014, the award-winning Arizona Telemedicine Program (ATP) is organizing the second SPS, to be held June 21-22 at the Hyatt Regency in Downtown Phoenix. SPS 2016  will focus on building partnerships for bringing quality medical specialty services directly into hospitals, clinics, private… Read More →

Black Cat Vintage opens in The Monroe Building

Downtown Phoenix, Photo: Flickr, squeaks2569

Online clothing retailer Black Cat Vintage relocated to 111 W. Monroe in Downtown Phoenix, and kicked off the relocation by unveiling a winter- themed display window along First Avenue south of Monroe. The 20 foot window depicts a vintage-clad mannequin riding a Russian Imperialist sleigh being drawn through a snowy forest by a black cat.… Read More →

Silicon Valley tech firm expands into downtown Phoenix

Downtown Phoenix

Silicon Valley tech firm, Gainsight, announced, Wednesday, its expansion of new corporate marketing headquarters into Downtown Phoenix at 111 W. Monroe St., the Monroe Building. Gainsight, a customer success tech company, was drawn to Phoenix because of its amazing talent pool, and entrepreneurial spirit, said Anthony Kennada, vice president of Marketing at Gainsight. “We are… Read More →

Lincoln, Invesco buy Phoenix’s historic Luhrs City Center

by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Lincoln Property Company (LPC) and Invesco Ltd. have purchased the historic Luhrs City Center in downtown Phoenix. The joint venture will next initiate a multi-million-dollar renovation that will evolve the landmark into a mixed-use blend of creative office space, ground floor restaurants and retail – part of a downtown resurgence that includes an active office market,… Read More →

Arizona Center sells for $126 million

Arizona Center
by in AZRE Magazine | New to Market | Office | Retail

Continuing to expand its downtown Phoenix presence, San Diego-based Parallel Capital Partners, in joint-venture with Angelo, Gordon and Co., announced today it has acquired Arizona Center – a Class A, 16-acre mixed-use campus in downtown Phoenix – for $126 million. Spanning over one million square feet, the Van Buren Street property – acquired from Equity… Read More →

Downtown Phoenix targets Millennial office workers

Photo: Conceptual images only, not a rendering/ The Monroe Building
by in AZRE Magazine | Careers | New to Market | Office

Downtown Phoenix has transformed over recent years with $4.6 billion dollars in public and private investments, including light rail, new hotel developments, restaurants, boutiques, Arizona State University and University of Arizona campus expansions, Phoenix Convention Center, and a growing number of residential developments. In concert with the downtown Phoenix renaissance, renovations have been completed at… Read More →