Grand Canyon University Archives

GCU considers return to nonprofit status

GCU - TNA Wrestling

Grand Canyon University announced Wednesday that its Board of Directors has formed a committee of independent directors to explore strategic alternatives to its investment-based business model, including a return to the nonprofit status it held from 1949 to 2004. In particular, the Board chose to form the committee after the university’s management expressed a desire… Read More →

Experts say quality education equals quality jobs for Arizona

The formula is simple: W = $. A well-qualified, educated workforce equals high-paying, deeply entrenched Arizona jobs and statewide economic growth. “There are too many buzzwords and not enough solutions,” muses Rick Heumann, Chandler’s vice-mayor and a passionate education advocate. “If we don’t do something now, we’re going to lose an entire generation. The legislature… Read More →

Mueller uses hybrid model to turn GCU into a winner

Brian Mueller has created the most successful business model in education. When he took over as Grand Canyon University’s CEO in 2008, there were less than 1,000 students on campus and about 10,000 online. Today, GCU has 8,500 students on campus and 50,000 online, with a new East Valley campus coming in 2015. Mueller has… Read More →

GCU naming business college after Valley icon Colangelo

Grand Canyon University is renaming its business college after former Phoenix Suns and Arizona Diamondbacks executive Jerry Colangelo. Officials at the for-profit Christian school announced Thursday that the Colangelo College of Business is intended to provide “real-world relevance” to future generations of “values-driven business leaders. The 74-year-old Colangelo already was the namesake of GCU’s school… Read More →

126-unit Briarwood Apartments sell for $4.05M

by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield of Arizona, Inc. negotiated the $4.05 million sale of the Briarwood Apartments, a multi-family property located at 3450 W. Missouri Ave., in Phoenix. Briarwood was built in 1983 and contains seven buildings and 126 units. The property was 90 percent occupied at the time of the sale. Edward Sibley of Phoenix sold… Read More →

Grand Canyon University buys Phoenix apartment complex

Marcus & Millichap announced the sale of Camelback Vista, a 200-unit apartment property located in Phoenix, according to Don Morrow, Regional Manager of the firms Phoenix office. The asset commanded a sales price of $5,125,000. Rich Butler, Brian Tranetzki, Cliff David and Steve Gebing multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the… Read More →

New to Market: The Landing at Gateway

The Landing at Gateway Developer: Streamline Construction and Development Corporation General Contractor: TBD Architect: Saemisch + Di Bella Architects Location: SEC of Power and Warner roads, Mesa, Ariz. Size: 520KSF Brokerage Firm: KW Commercial Value: $110M Estimated start and completion dates: May 2014 to December 2015 The Landing at Gateway is a development within a… Read More →

Two new tenants for College Park Shopping Center

by in AZRE Magazine | Brokerage

SRS Real Estate Partners is pleased to announce two new leases at College Park, a neighborhood shopping center adjacent to Grand Canyon University located at the northeast corner of Camelback Road and 35th Avenue in Phoenix, Ariz. Epic Thrift has leased approximately 15,000-square-feet of space in the shopping center. Epic Thrift has five locations in… Read More →

Tutor Perini renovating GCU arena

by in AZRE Magazine | Construction | Featured

Tutor Perini Building Corp. is expanding Grand Canyon University Arena’s seating capacity from approximately 4,300 to 7,000 seats. The expansion takes place just two and a half years after Tutor Perini originally built the arena. The most challenging part of the renovation is the aggressive 190-day deadline put in place to meet previously booked university… Read More →

Industry Leaders of Arizona take spotlight

Az Business magazine is proud to present the Industry Leaders of Arizona (ILoA) Awards, which recognize  the contributions and impact of Arizona‐based companies in five key industries — commercial real estate, education, entertainment, manufacturing and technology. The 30 finalists for this year’s ILoA Awards are profiled on the following pages. Winners will be recognized at… Read More →

Educators say executives can increase workplace value

by in Careers | Economy | Education | Featured

Despite signs of what most people view as a recovering economy, more than half of Arizona’s workforce stresses over job security. A recent University of Phoenix survey revealed that 61 percent of working adults worry about losing their jobs in the current economic climate and 20 percent anguish over it at least once a week.… Read More →

Marcus & Millichap Sells 24-Unit Campbell Apartments in Camelback Corridor

by in Business News | Multi-Family

Marcus & Millichap Real Estate Investment Services has announced the sale of Campbell Apartments, a 24-unit apartment community located in the prestigious Biltmore area in Phoenix, Arizona. The asset commanded a sales price of $1,200,000 or $50,000 a unit. Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the… Read More →

LGE Announces Completion of Construction on the New Office / Warehouse for Phoenix Pumps

by in Business News | Construction

LGE Design Build recently completed construction on a 41,000 SF ground up office/warehouse building for Phoenix Pumps. This project showcases 9,000 SF of office, tilt construction, 24-foot clear height, one gib crane, two bridge cranes, one paint booth, four coiling doors, epoxy flooring in the warehouse and carpet and tile in the office areas. This… Read More →

Cushman & Wakefield Completes $15M Sale of Versante Apartments in Tempe

by in Brokerage | Business News

Cushman & Wakefield of Arizona, Inc. has completed the $15 million sale of the Versante Apartments, 1330 W. Broadway Rd. The apartment building was constructed in 1971 and contains 240 apartment units totaling 184,752 square feet. The property currently boasts 94 percent occupancy. Gelt, Inc. of Tarzana, Calif., purchased the property from Principal Real Estate… Read More →