office Archives

Corporate Center returns to market for resale with full occupancy

Corporate Center is a 2-story, Class-A office building located in the heart of the Metrocenter submarket, alongside Interstate 17. (Photo by Cohen Equities)

Cohen Equities acquired Corporate Center in January of 2016 with 50-percent vacancy and has brought the property to full occupancy in under a year. Now it plans to resell the asset. The national real estate investment firm pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. After bringing the… Read More →

EverWest sells Great American Tower to DPC Companies

great-american-tower-online
by in AZRE Magazine

EverWest Real Estate Partners and American Realty Advisors have completed the sale of the Great American Tower, a landmark high-rise office building at 3200 N. Central Ave., in the heart of Phoenix’s Midtown office submarket for $49 million. Great American Tower, acquired in 2007, has been recapitalized and improved with a series of upgrades that, among other things, have… Read More →

CBRE completes $14.7M sale of Cornwell Corporate Centre

Cornwell Corporate Centre, a 63,071-square-foot office development located at 14851 N. Scottsdale Road. (Photo courtesy of CBRE Phoenix)
by in AZRE Magazine | Brokerage

CBRE has completed the sale of Cornwell Corporate Centre, a 63,071-square-foot office development located in Scottsdale for $14.7 million. The transaction includes one two-story building and two one-story office buildings located on approximately five acres. The property, south of the southeast corner of Scottsdale Road and Greenway Parkway along 73rd Street, is positioned squarely in… Read More →

LGE, Revelation Real Estate team up on $5M project

The $5 million mixed-use project planned for Revelation Real Estate broke ground today at 2301 South Stearman Drive, Chandler, AZ 85286.
by in AZRE Magazine | Construction | Mixed-Use | Office

LGE Design Build broke ground today on a massive $5 million mixed-use project for Revelation Real Estate in Chandler. Revelation Real Estate sets the gold standard when it comes to offering top-notch residential properties and employing the Valley’s most award-winning professionals, and LGE Design Build, too, sets the bar when it comes to designing and… Read More →

Q3 Phoenix office report shows vacancies falling, rents rising

Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, where WFG National Title Insurance is opening its new offices. (Photo courtesy of JLL Phoenix)
by in AZRE Magazine | Multi-Family

The Phoenix office of JLL released its Q3 2016 Phoenix Office Report, highlighting benchmarks and includes the lowest vacancies since 2008 and still-rising rents. Still, Phoenix remains one of the most affordable office markets on the West Coast. “More companies are recognizing that Phoenix has an extremely strong labor pool and very affordable cost of living,” said… Read More →

Galleria offers relief for Downtown Scottsdale office market

Galleria
by in AZRE Magazine | Office

The Galleria, an office complex in Downtown Scottsdale, just got a little roomier. The property has newly available space that will offer relief to an office market that is currently the tightest in the metro Phoenix area. Galleria can now accommodate users with requirements greater than 50,000 square feet. This new availability at the office project marks… Read More →

Trends to watch in 5 commercial real estate markets

Phoenix

It’s that time of year again when commercial real estate firms analyze market activity based on numbers and reports from the first two quarters of the year, and predict how that will impact the rest of 2016 through next year. Experts in their respective markets weighed in on the findings from quarter two reports in… Read More →

Clearlink selects Downtown Scottsdale for expansion

Clearlink CEO Phil Hansen (with scissors), Scottsdale Mayor Jim Lane (on Phil’s left) and other area business and civic leaders gathered in Downtown Scottsdale at the ribbon cutting celebration for the grand opening of the company's newest offices. (Photo provided by Saville Studley)
by in AZRE Magazine

A ribbon-cutting celebration and grand opening Wednesday officially marked Clearlink as the latest company to lease class A office space at the Galleria Corporate Centre in Downtown Scottsdale, which is also the company’s first office outside of its headquarters in Utah. Clearlink, a SYKES company offering inbound demand generation and sales conversion services, takes over 40,000 square feet of office space recently vacated… Read More →

Economic expansion resilient, Cushman & Wakefield forcecast says

economy
by in AZRE Magazine

Global commercial real estate services firm Cushman & Wakefield Monday released its latest U.S. Macro Forecast, confirming that the economy weathered rough headwinds in the first half of 2016. The key demand drivers that support property markets—consumer confidence, job growth, low interest rates and consumer spending—all remain firmly intact. “There is no doubt that slowing global demand… Read More →

Tucson mid-year reports show market health

Photo: neilld / 123RF Stock Photo
by in AZRE Magazine | Blogs | Brokerage

According to recently released reports from Cushman & Wakefield | PICOR, the Tucson commercial real estate market continues to see widespread activity across all markets at various levels. These quarter two reports analyze business in the multifamily, industrial, retail and office markets. The cliff notes version of the Q2 reports from Cushman & Wakefield |… Read More →

New hires bring new level of service to healthcare market

Healthcare

With more than 40 years of combined experience in commercial real estate, brokerage and healthcare, Patti Gentry and Chelsea Maddox aim to take Keyser’s healthcare division to the next level with their senior leadership and selfless service mentality. Jonathan Keyser, founder of the company, calls both hires a “great cultural fit with extraordinary commitment to… Read More →

Commercial Properties Inc. reports on Q2 market activity

Commercial Properties Inc.
by in AZRE Magazine | Brokerage

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, released a brief overview of Phoenix’s commercial real estate activity, and reports on the top five transactions in June from second quarter. Jeff Hays, senior vice president of Corporate Services commented on the Phoenix industrial sector”  “In general, the industrial market continues to improve in… Read More →

Colliers International scores leasing rights for Biltmore Center

Biltmore Center

ViaWest Group selected Colliers International in Phoenix as the exclusive leasing agent for Biltmore Center, previously known as Biltmore Financial Center, a landmark Class-A office complex at the northwest corner of 24th Street and Camelback Road. “The new ownership of Biltmore Center has embraced the evolution of office tenancy and is activating an environment that… Read More →

Chandler office building sells for $6.5M

Chandler office
by in AZRE Magazine | Office

Commercial Properties Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 66,756 square-foot Class A office/flex building located at 2225 S. Price Rd. in Chandler. John G. Soldo, SIOR of CPI’s Tempe office represented the buyer, Ross Mitchell of Dunbar Real Estate Investment Management from El Segundo, CA, in this $6.5 million sale. “Dunbar… Read More →