phoenix Archives

Impress Labs and Duo PR merge, form KiteRocket

Content Marketing

Impress Labs and Duo Public Relations Inc., both flourishing U.S. West Coast public relations and marketing firms, today announced the two agencies have merged. For the immediate future, the two brands will continue to operate under their existing agency names, though now they are part of the newly formed parent company KiteRocket LLC. The move… Read More →

CBRE completes $10.85M sale of JCPenney

JCPenny
by in AZRE Magazine | Brokerage

CBRE has completed the sale of a single-tenant, JCPenney located in the Ahwatukee Foothills, on East Ray Road and the I-10 freeway. Joseph R. Compagno with CBRE’s Phoenix office represented the seller, Yorktown Corporation of Santa Cruz, Calif., and the buyer, GRT Ray JCP, LLC of Santa Monica, Calif. The 104,880-square-foot retail property commanded a… Read More →

Stanton says immigration reform should be a priority

Greg Stanton, Kaci Demarest, WEB

Phoenix Mayor Greg Stanton told a panel of mayors here that immigration reform needs to be Hillary Clinton’s “No. 1 domestic priority” if she is elected in November. Stanton stressed the importance of “young, bilingual, entrepreneurial” Latinos to Arizona’s economy, saying that comprehensive immigration reform would give the city a boost. “It would be an… Read More →

Phoenix Suns, city and state officials see great opportunity in Mexico City games

Phoenix Suns will try and make a playoff appearance, without Amare

When people think of sports in Mexico, they usually think about soccer, but the Phoenix Suns are hoping to grow the game of basketball with the Mexican people. On Wednesday, the team announced it will have two consecutive games in Mexico City in January 2017 and be the host team. The first game will be versus the… Read More →

ABI Multifamily negotiates Biltmore Corridor sale

ABI Multifamily
by in AZRE Magazine | Brokerage | Multi-Family

Brokerage firm ABI Multifamily negotiated the $6,045,000 ($118,529/Unit) sale of the 18 at Biltmore Apartments, a 51-unit apartment community located in Phoenix, Arizona. 18 at Biltmore is a low density, one and two-story apartment community built from 1957 to 1962 of concrete construction and sits on approximately 3.5 acres of land. The property consists of… Read More →

The Villas at Baker Park launch as $35M Phoenix infill project

barker

The Villas at Baker Park, a gated community of 44 new semi-custom homes, is currently under construction at the NW corner of Osborn and 40th street in East Phoenix, on what was formerly the site of Baker Nursery. Richard Felker and Rich Zacher, Principals of Empire Residential, the newly-launched community development component of The Empire… Read More →

Tucson business leader will match $1M for Arizona Theatre Company

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Tucson business leader and Arizona Theatre Company (ATC) board member Mike Kasser will guarantee $1 million toward ATC’s $2 million fund-raising goal if an equal amount can be raised through the outreach effort now underway. As a result, the ATC Board of Trustees has extended the fund-raising deadline for this effort from Friday, July 1… Read More →

ViaWest buys downtown Phoenix industrial facility

downtown Phoenix
by in AZRE Magazine | Industrial

Phoenix-based ViaWest Group closed on its sixth industrial acquisition in the past eighteen months, further expanding its Southwestern U.S. focused industrial platform. ViaWest purchased an 89,423-square-foot industrial building for $5.76 million. The building is located directly across from Chase Field near the corner of 7th Street and Jackson Street centered in the heart of downtown Phoenix. The seller was… Read More →

Daum negotiates sales in Phoenix and Scottsdale

Office building at 33765 N. Scottsdale Rd.
by in AZRE Magazine | Brokerage

Daum Commercial Real Estate Services has negotiated the $5.362 million sale-leaseback of a large medical practice group of west valley properties – the 19,679-square-foot medical office complex, Fountains Medical Center located at 5620 W. Thunderbird Road in Glendale and the 5,262-square-foot medical office center, Indian School Professional Plaza at 9150 W. Indian School Road in… Read More →

AC Hotel in Tempe sells to Pacific Hospitality Group

phxac_main01_r
by in AZRE Magazine

PHG Hotel Fund I, LLC, an affiliate of Pacific Hospitality Group (PHG), announced the purchase of AC Hotel® Phoenix Tempe/Downtown in Tempe and AC Hotel® Irvine in Irvine, Calif. from Woodbine Development Corporation and USAA. “We are excited to welcome AC Tempe as our company’s first hotel in the Phoenix area, and eager to unveil… Read More →

Club Pilates expands to Downtown Phoenix

Club Pilates

One of the nation’s fastest growing and most popular fitness franchises has expanded to Downtown Phoenix with a brand new location in The Monroe Building, near Monroe Street and First Avenue. San Diego-based Club Pilates is now open on the ground floor of the building located at 111 W. Monroe Street bringing an extensive array of Pilates… 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 →

ABI Multifamily hires VP to Phoenix HQ

ABI Multifamily

The expansion of the ABI Multifamily‘s Phoenix Headquarters continues with the welcoming of Royce Munroe as Vice President of the Mid/Small Apartment Group. “Royce provides an extremely unique and valuable perspective to our organization; specifically, he co-founded and led Southwest Realty and Property Management prior to its acquisition and was responsible for over 1,200-plus residential… Read More →

Gardner Capital develops $18M senior housing community

Gardner Capital

Gardner Capital Development moves forward on plans to develop the El Caro Senior Residences in Phoenix after being awarded a reservation of Low Income Housing Tax Credits from the Arizona Department of Housing. The $18 million affordable senior housing project consists of 102 energy-efficient one- and two-bedroom apartments on 5-acres of land located at 19th… Read More →