Mesa Archives

Vestar adds 350K SF to Phoenix portfolio

Vestar
by in AZRE Magazine

Vestar, one of the leading privately held real estate companies in the western United States, has been retained by a family owned company as the property management firm for Superstition Springs Center, a 186,766-square-foot community retail center located in Mesa, Ariz. and Ancala Village, a 173,185-square-foot community retail center located in Scottsdale, Ariz. Vestar now manages more than 26 million square feet. Vestar’s team brings a… Read More →

Salt River Tubing to open early, celebrates 35 years

Salt River Tubing

Salt River Tubing‘s opening day is April 30, 2016, Saturday, 9:00 a.m. – 6:30 p.m., on the Lower Salt River. The cost is only $17 per person or tube which includes tube rental, shuttle bus ride and free customer parking at Salt River Tubing. Salt River Tubing is located in the Tonto National Forest, just… Read More →

Mesa apartments sell for $27.25M

Mesa apartments
by in AZRE Magazine | Multi-Family

Berkadia announced the recent sale of Valencia Crossing, a multifamily property located in Mesa. The $27.25 million sale – completed on April 8 – reflected a per-unit price of $68,640. Valencia Crossing is located at 111 N. Gilbert Rd., near U.S. Route 60 and Loop 202. It is less than five miles from Hohokam Stadium, spring… Read More →

CBRE completes $13.1M sale of Tri-City Pavilions

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by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.… Read More →

IASIS Healthcare names Nate Malcolm as COO

Horizon

IASIS Healthcare has announced a new addition to its leadership team as Nathaniel Malcolm takes on the role of Chief Operating Officer for Mountain Vista Medical Center a full-service hospital in east Mesa. As COO of the medical center, Malcolm will oversee financial and operating performance of the 178-bed acute care hospital, its more than… Read More →

Dobson Ranch multifamily complex sells for $19.5M

sold
by in AZRE Magazine | Multi-Family

Berkadia announced the recent sale of La Costa at Dobson Ranch, a multifamily property located in Mesa. The $19.5 million sale was completed on March 15, reflecting a $100,515 per-unit price. Senior Managing Director Mark Forrester, Managing Director Ric Holway and Vice President Dan Cheyne of the Phoenix office all helped facilitate the sale. The… Read More →

Orbital ATK will expand operations in Gilbert, add jobs

orbital

Arizona Gov. Doug Ducey and Orbital ATK, one of the Valley’s leading aerospace and defense technology firms, announced, Friday, the expansion of the company’s engineering operations in Gilbert. The expansion will add 60,000 square feet to the site that includes Orbital ATK’s Satellite Manufacturing Facility, one of the largest and most advanced spacecraft assembly and… Read More →

Eastmark passes more than 1,000 homes sold

Eastmark

Home sales continue at a strong pace in Arizona’s fastest selling community and this month Eastmark celebrated 1,000 home sales since opening in 2013. By the end of 2015, Eastmark earned a top spot in two of the nation’s real estate reports, RCLCO and John Burns Real Estate Consulting, ranking number seven and eight among… Read More →

Spring Training boosts some cities while others wait

Spring Training

Building spring training facilities for big-league clubs is considered an investment by Valley cities that will spur development. Some of the 10 Cactus League venues have come through, with one city manager calling March the city’s “second Christmas.” Others are struggling. Here’s a look at how some Cactus League stadiums are doing: Sloan Park, Mesa … Read More →

Report: East Valley hotbed of leasing activity

East Valley
by in AZRE Magazine

Known for its pro-business climate, high quality of life, diversified economy with a skilled workforce, robust infrastructure and public-private collaboration, the PHX East Valley region continues to experience significant growth fueled by emerging local business and national corporate relocations. Comprised of the cities of Chandler, Gilbert, Mesa, Tempe, Apache Junction and Queen Creek, the region offers a… Read More →

Shea Homes announces grand opening at Eastmark

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Shea Homes Arizona opened three new model homes, Saturday, featuring Shea3D innovation in Eastmark, a master-planned community in Mesa. Ambition at Eastmark, located Ray and Ellsworth Roads at Eastmark Parkway, will offer 99 home sites, with minimum lot sizes of 45 feet by 120 feet and homes ranging from 1,723-2,869 square feet. The Shea3D plans… Read More →

State Farm plans to hire 1,000 new employees

Marina Heights rendering courtesy of DAVIS.

In the first half of 2016, State Farm plans to hire 1,000 employees in the greater Phoenix area, and will hold a job fair on Tuesday, Jan. 12 in Mesa. The insurance firm plans to add more employees as it expands in the Phoenix area throughout the year. State Farm announced earlier in January it… Read More →

SVN Phoenix closes 2015 with $4.5M in deals

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by in AZRE Magazine | Brokerage

SVN’s Phoenix office closed out 2015 with $4.5 million worth of sales and leases through collaborative efforts by its retail, office and multifamily teams. SALES Michael Gustafson sold 18,585 square-feet to Pete Coury with Jabbel Holdings, LLC for $2,565,555. The retail property is located at 2737 W. Thunderbird Rd. The Best Buy shops are well-known… Read More →

Mesa Airlines adding 18 Embraer 175 aircraft

E175 330 Phoenix

Mesa Airlines, Inc. today announced the expansion of its agreement with United Airlines to operate three additional Embraer 175 aircraft, bringing the total number of United Express aircraft operated by Mesa to 68. In October, the company announced an agreement for the addition of 15 new aircraft scheduled for delivery in 2016, which has now… Read More →