GPE Archives

Medical office condo sells in Avondale for $750K

Courtesy of GPE Commercial Advisors
by in AZRE Magazine | Brokerage

GPE Commercial Advisors announced the sale of a 3,756 SF medical office condo located at 10750 W. McDonald Rd., Ste. F600 in Avondale. The property sold for $750,000 ($192/SF).Senior Vice President Bret Isbell represented the seller, McDowell Asset Management, L.L.C.. Doug Searle of Strategic Commercial represented the buyers, Paul and Linda Gentilotti. Sheila Hunter with First American Title… Read More →

Technology carries real estate through healthcare changes

A nurse sits at the iCare ICU Program at Banner Desert in Mesa.

A patient sits in the ICU at Banner Health’s Fairbanks Memorial Hospital in Alaska. It’s late, many of the staff have gone home. He watches the glowing blinks of the machines monitoring his vital signs lighting the room in little blue and green bursts. Suddenly, a nurse is beckoned to his bedside by an abnormal… Read More →

GPE closes deal on Scottsdale medical office building

by in AZRE Magazine | Brokerage | In The Spotlight

GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured the sale of a 5,274 SF one-story medical office building located at 7700 East Indian School Road in Scottsdale. The building sold for $975,000 ($185/SF). Executive Vice President, Julie A. Johnson, CCIM, and Senior Vice President, Alexandra Loye worked… Read More →

90th Street Medical Campus planned for SRPMIC

Proposed rendering courtesy of GPE

A state-of-the-art medical campus will soon be built at the northeast corner of Loop 101 and 90th Street, on the Salt River Pima-Maricopa Indian Community, less than two miles from the Scottsdale Healthcare Shea Medical Center. The 43-acre, mixed-use development will be named 90th Street Medical Campus. “We have had tremendous interest for this extraordinary… Read More →

Op-Ed: A healthy advantage

Ron Genovese, founder and designated broker of GPE.
by in AZRE Magazine | Blogs | Industry Insiders

The Affordable Care Act has upended the healthcare landscape, and along with it, the office footprint for many physician practices. Fast-changing technology and related healthcare reform requirements are also shaping tomorrow’s medical spaces. Meanwhile, demand for medical office buildings will increase up to 20 percent by the middle of this decade, estimates the Urban Land… Read More →

Askew-Rossi Named GPE’s Chief People Officer

Brooke_Askew-Rossi, WEB
by in AZRE Magazine | Featured | Newsmakers

GPE Companies announced Monday the decision to appoint Brooke Askew-Rossi to chief people officer. Askew-Rossi, who joined the firm in 2007, was formerly the director of business development and employee engagement. In her new role, Askew-Rossi will manage human resources, and oversee talent management and acquisition. She will also continue her previous work maintaining property… Read More →

GPE Philanthropy Provides Critical Supplies to Valley Nonprofits

Backpacks, GPE, WEB
by in Business News

Twenty-thirteen marked GPE Companies’ 40th anniversary, and to celebrate, the company mounted a yearlong campaign of giving, called 40 for 40. The effort resulted in a cornucopia of critical supplies delivered to multiple Valley charities. “The community has supported us wholeheartedly throughout GPE Companies’ 40 years, and we’re grateful for the opportunity to give back,”… Read More →

GPE Releases Metro Phoenix Healthcare RE Market Overview

by in Business News

As we end 2013 and begin 2014, the question healthcare landlords and tenants are asking is, “How is the Affordable Care Act (ACA) going to affect me as it is implemented?” Providers continue to remain uncertain of their practice’s future by requesting shorter lease terms and renewal terms. Healthcare organizations such as Banner Health (“Banner”)… Read More →

GPE Exceeds $100M Revenue for 2013

Offices at McDowell Mountain
by in Business News

GPE Commercial Advisors, one of the oldest commercial real estate firms in Arizona, has many reasons to celebrate another strong year of absorption. Its 2013 results are as follows: • Approximately 380,000 SF of leased space • Approaching 2.9 MSF in real estate sales • Exceeding $70M in generated revenue President of GPE, David M.… Read More →

Alexandra Loye Joins GPE Commercial Advisors

Alexandra Loye, GPE, WEB
by in Newsmakers

GPE Commercial Advisors welcomed Senior Vice President Alexandra Loye to its brokerage team on Wednesday. Loye brings more than five years of commercial real estate experience throughout the Metro Phoenix area. She specializes in seller, buyer and tenant representation for medical office and office users. Loye closely tracks the medical office and office market and… Read More →

GPE Health Care Forum Explores ACA Effect on Patient Care, Real Estate

by in Events | Industry Insiders

Fundamental shifts underway in health care, influenced by the Affordable Care Act and senior citizens’ changing needs, are shaping not only the care people receive, but the buildings in which they receive it, panel members said at the inaugural GPE Health Care Forum held on Oct. 24. Big trends involve hospitals and health systems buying… Read More →

Lease Rates Drop, Vacancy Steady in Medical Office Buildings


GPE Commercial Advisors released its 3Q healthcare report for the Phoenix Metro. At the end of the 3Q 2013, the government had shut down and the debate over the debt ceiling was at an impasse over the funding of the Affordable Care Act (ACA). Not only are healthcare providers trying to understand the impact ACA… Read More →

GPE Release Recent Transaction List

Offices at McDowell Mountain
by in Brokerage | In The Spotlight

Sales Scottsdale, AZ – TL Holdings purchased Suite 140 at Offices at McDowell Mountain (1,547 SF) for $185,640 at 16700 N. Thompson Peak Pkwy. Bret Isbell represented the seller. Phoenix, AZ – Coronado Commons PHX, LLC purchased 1.37 acres (59,874 SF) for $544,000 at 325 E. Coronado. Julie A. Johnson, CCIM represented the seller. Tonopah, AZ – 411th… Read More →

GPE Companies Announces Commercial Transactions

Vista Bonita
by in Brokerage | Business News

  GPE Companies reports the following transactions: Sales >> Scottsdale: Franklin & Dawn Boxberge (Trustees) purchased 2,730 SF for $232,500 at Vista Bonita, 8701 E. Vista Bonita Dr. Bret Isbell and Russell Fine represented the Seller. >> Phoenix: Paramount Skyline purchased Skyline Ridge at the Preserve Condominiums for $2.2M at 1502 E. Dunlap Rd. This… Read More →