phoenix Archives

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 →

U2’s The Joshua Tree Tour 2017 adds Phoenix show

Following Live Nation’s announcement last week that due to incredible demand, select new stadium shows have been added to U2 The Joshua Tree Tour 2017, an additional concert was confirmed today in Phoenix, Arizona on September 19th at University of Phoenix Stadium. Today’s announcement adds to the shows already announced in Detroit, Buffalo, Minneapolis, Indianapolis,… Read More →

Phoenix approves historic Colorado River conservation agreement

Mayor Greg Stanton and the Phoenix City Council unanimously approved an agreement with tribal, state, federal and philanthropic leaders to help protect the Colorado River and preserve water levels in Lake Mead.  The agreement with State of Arizona, the Gila River Indian Community, the U.S. Bureau of Reclamation, and the Walton Family Foundation will save… Read More →

Girls in Tech launches a Phoenix chapter

women in tech

Girls in Tech, an organization focused on the empowerment, entrepreneurship, engagement, and education of women in technology, has launched a Phoenix Chapter to help young women in the community understand their potential as future leaders in the technology sector. However, Girls in Tech exists for anyone with an interest in technology, startups and promoting the… Read More →

Downtown Phoenix building wins architecture award for top copper project

In 2007, Arizona was the top copper-producing state the nation, which was a pillar of the state’s early economy along with cattle, cotton, citrus and climate. Since then, Arizona’s diversifying economy has overshadowed the “Five C’s,” but copper’s influence can still be seen through project’s like the Biomedical Sciences Partnership Building at the University of… Read More →

JPMorgan Chase announces $150,000 grant for export assistance

Phoenix Mayor Greg Stanton joined Curtis Reed of JPMorgan Chase and other members of the Metro Phoenix Export Alliance (MPEXA) to announce new export assistance programs, which will be administered by the nonprofit organization, Partnership for Economic Innovation (PEI). Curtis Reed also announced that JPMorgan Chase has provided a $150,000 grant to support PEI’s implementation… Read More →

Watt Communities sees domino effect of success

Watt Communities of Arizona today announced that it has reached 100 percent sold out at Dorsey Lane, the residential townhome community near downtown Tempe that marked the company’s entrance into Arizona’s upscale urban infill housing market. Today, Watt’s presence has expanded into a $73 million project pipeline, with six properties either under construction or now… Read More →

Report: Phoenix multifamily market marks stellar first quarter

Multifamily

The Phoenix metropolitan statistical area (MSA) multifamily market had another stellar first quarter fueled by both robust jobs and population growth. In fact, Maricopa overtook Texas’ Harris County as top spot for population growth adding 81,000 people, an average of 222 new residents per day, between July 1, 2105 to July 1, 2016. Total nonfarm employment… Read More →

Cushman & Wakefield recognizes top Phoenix producers

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors… Read More →

Phoenix is selling off surplus real estate … what are the deals?

Phoenix

It has been found that the City of Phoenix owns a lot of excess vacant land and as a result, Phoenix is hoping to sell the land parcels it doesn’t need to developers. The City of Phoenix owns about 1,400 plots of land, which is worth more than $150 million in total, according to a report by the… Read More →