phoenix Archives

President Donald Trump plans rally in downtown Phoenix

Trump

President Donald Trump plans to rally supporters in downtown Phoenix next week. “I am disappointed that President Trump has chosen to hold a campaign rally as our nation is still healing from the tragic events in Charlottesville,” says Phoenix Mayor Greg Stanton. “If President Trump is coming to Phoenix to announce a pardon for former… Read More →

Here’s how many businesses sold in Phoenix area last quarter

BizBuySell.com, the Internet’s largest business-for-sale marketplace, reported today a record number of businesses changing hands in the second quarter of 2017. The full results are included in BizBuySell’s Q2 2017 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide. A total of 2,534 closed transactions were reported in the second quarter of… Read More →

Studio Ma cools streets by linking transit, shade and housing

by in AZRE Magazine

For the extreme heat of the desert Southwest, where temperatures are reaching 110°F and higher this summer, can transit-oriented development improve the quality of life? The answer is yes. Through collaborations on several new projects, the Phoenix-based firm Studio Ma — a specialist in environmental design and architecture — has shown how to cool streets… Read More →

Phoenix real estate investment market picks up after slow start

by in AZRE Magazine | Investment

The Greater Phoenix real estate investment market started the year slow, but reversed course during second quarter.  The most recent three months posted more property sales, higher prices and compressed cap rates, according to a report released by Colliers International in Greater Phoenix.  The full real estate investment report can be read by clicking Here.… Read More →

Creative tenants returning to downtown offices, according to JLL

Phoenix
by in AZRE Magazine | Office

When it comes to premium office space across the United States and Canada, creative firms are doing what they do best: driving change. JLL’s 2017 Skyline shows that creative’s boomerang to this coveted space and the eighth straight year of occupancy growth are contributing to record rents and a landlord-friendly market. In Phoenix, the 24/7 environment of… Read More →

7 historic Phoenix landmarks that no one remembers

by in AZRE Magazine

They are all historic Phoenix landmarks. They were centers for the community long before Phoenix became the fifth-biggest city in the country. They have all been replaced by various commercial real estate projects, but they created memories for all who visited them. Here are seven historic Phoenix landmarks that very few people remember. Weems Turkey… Read More →

BOMA Greater Phoenix executive director resigns

Sarah Osteen has resigned as the executive director of the Building Owners and Managers Association (BOMA) Greater Phoenix. Osteen took over as executive director last spring after the unexpected passing of her predecessor Mark Covington in December 2015. As executive director, Osteen is credited with helping inspire and empower board members, committee members and local… Read More →

Phoenix drops to No. 17 in CBRE’s tech talent report

technology

Job growth that wasn’t as “outstanding” in 2016 compared with 2010 lowered Phoenix’s ranking from No. 11 to to No. 17  in CBRE’s annual Scoring Tech Talent Report. CBRE Research rates tech job growth on a five-year rolling average, and the Phoenix area’s tech job growth was among the strongest in the country from 2010 to… Read More →

Market upside helps JLL sell Phoenix Logistics Center

Strong market performance and continued confidence in Phoenix’s industrial market future has spurred the $18.4 million sale of Phoenix Logistics Center – sold this week by the Phoenix office of JLL on behalf of a joint venture between Overton Moore Properties and PCCP LLC, and acquired by Colony Northstar. JLL Managing Directors Bo Mills and Mark Detmer, and Vice President Ryan Sitov represented… Read More →

Redevelopment plans will transform Phoenix hotel into senior housing

A partnership between Bruckal Developments and Ridgeline Properties has purchased the former Country Inn & Suites property at 20221 N. 29th Ave. for a price of $8,336,000. The buyer plans to convert the property into senior housing — assisted living and memory care. “This is one of the most creative and complex real estate transactions… Read More →

Phoenix Sky Harbor will offer nonstop flights to Frankfurt, Germany

As a result of tireless efforts by the Phoenix Mayor and Council, Phoenix Sky Harbor will soon offer nonstop flights between Phoenix and Frankfurt, Germany. Condor Airlines, part of the Thomas Cook Group, will fly on Mondays and Fridays from next May through September between Phoenix Sky Harbor and the Frankfurt Airport.  The Phoenix City… Read More →

301-unit apartment community in Phoenix sells for $12.7M

by in AZRE Magazine | Brokerage

Cushman & Wakefield announced the $12,742,000 sale of La Reserve at Forty-Fifth, a 301-unit apartment community located at 2627 N. 45th Avenue in Phoenix, to Phoenix-based Jevan Capital, PLLC. Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the seller, CEGOP-PHX 1, LLC of Fort Collins, Colo. Built in 1972, La… Read More →

Susan G. Komen Arizona will cease operations effective July 31

Susan G. Komen Arizona announced today its decision to cease operations effective July 31, 2017. Consequently, the Phoenix Race for the Cure event, previously scheduled for October, has been canceled.  Local organizations that were selected for Komen grants in March will be funded through March 31, 2018.  In addition, despite the closure of the local… Read More →

Berkadia secures $29.7M for Phoenix multifamily property

Berkadia announced the sale of the 152-unit Park 28 Apartments, a new luxury multifamily community located in Phoenix. Senior Managing Director Mark Forrester, Senior Managing Director Ric Holway and Senior Director Dan Cheyne closed the $29.7 million sale on behalf of the seller, an entity of Evergreen Development Company. The buyer was Pure US Apartments… Read More →