phoenix Archives

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 →

Stanton: Phoenix is writing greatest chapter in its history

Water conservation

Mayor Greg Stanton today said Phoenix is “writing the greatest chapter” in the city’s history through its pivot toward an innovation economy, turnaround on sustainability, improved trade relations with Mexico and transformative investments in transit. At his sixth State of the City address, Stanton reported that the city’s investment in a more innovative economy is… Read More →

The Opus Group appoints 2 new associates for Phoenix market expansion

by in AZRE Magazine | In The Spotlight

 The Opus Group (Opus) announced today that two new associates have been appointed to Opus Development Company, L.L.C. Brett Hopper has joined as senior director, real estate development and Matthew Visnansky has joined as real estate manager, real estate development. In their new roles, Hopper will be responsible for sourcing new development opportunities and Visnansky will… Read More →

Waymo offers self-driving car trial to public

Waymo self-driving car

Self-driving cars are increasingly becoming just another part of the future and the Google spin-off Waymo is helping that happen by offering its early rider program to the public in the Phoenix area. Waymo is giving folks in the Phoenix area the first chance to ride in its early rider program. Those who are accepted… Read More →

Cushman & Wakefield recognizes top Phoenix producers for 2016

Phoenix
by in AZRE Magazine | Brokerage

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 Michael… Read More →

Evergreen Development announces new president and expansion to new markets

SmithGroupJJR
by in AZRE Magazine

Having completed more than 500 projects including single-tenant and shopping center developments in more than 175 municipalities across the United States, Phoenix-based Evergreen Development Company has made changes to its executive leadership structure as it expands to new markets. Effective this April, Laura Ortiz will take the helm as the company’s new president. Ortiz has been… Read More →

Growing Kansas-based law firm signs lease at Esplanade

Cushman & Wakefield announced that Spencer Fane has leased 8,502 square feet at Esplanade, located at 2425 E. Camelback Road in Phoenix. The tenant signed an 18-month full-service gross lease for $38.00 per square foot from LBA Realty. The 11-story, 235,077-square-foot office building is phase one within the mixed-use Camelback Esplanade, located at the southeast… Read More →

Gino’s East of Chicago opens in Phoenix April 24

Gino’s East of Chicago announces its first Arizona location will open in Phoenix on Monday, April 24 at 4 p.m. The Chicago-based restaurant is located at 3626 E. Indian School Road in Arcadia.  Ten percent of all proceeds earned during grand opening day will be donated to Phoenix Children’s Hospital. In addition, Gino’s East is… Read More →

Greater Phoenix SCORE announces annual symposium

The Greater Phoenix Chapter of SCORE announced its annual event – The 2017 SCORE Annual Business Symposium. As in previous years, this year’s symposium is focused on bringing current and meaningful business information and training to its attendees specifically around digital trends. Scheduled presenters and speakers will be covering topics including: • Keynote Session: The… Read More →

How to protect your intellectual property

technology

The Phoenix startup scene is hot right now, and not just from our months of 100-degree days. According to the founders of Tuft & Needle, who chose Phoenix over Silicon Valley for their startup mattress company, Phoenix is “unusually attractive—and more than a little underrated” for startups due to low costs, access to investors, and,… Read More →

Phoenix retail report: more demand, less vacancies, higher rents

Arizona Polymer Flooring

The Phoenix retail market started 2017 with strong leasing activity, rising net absorption and steady rental rates, according to Kidder Mathews’ Phoenix retail Q1 2017 report. The overall retail vacancy level of 8.6 percent represents the lowest vacancy rate recorded since the third quarter of 2008. Total vacancy decreased by 20 basis points, a result of 803,000… Read More →

Phoenix industrial report: total vacancy remains unchanged

Dexcom

The Phoenix industrial real estate market started the year with strong leasing activity, increasing development and steady rental rates. Despite 1.6 million square feet of positive absorption, new deliveries of over two million square feet caused vacancy to remain unchanged at 9.8 percent. Kidder Mathew, an independent commercial real estate firm, expects increased competition for space… Read More →

CBRE completes $3 Million sale of Kneaders Bakery

Kneaders
by in AZ Business Magazine

CBRE completed the sale of a single-tenant, Kneaders Bakery & Café, located at 1150 E. Bell Rd. within the brand new Trellis on Bell mixed-use development in Phoenix. Four Foods Group (FFG Development, LLC) bought the land and just completed construction on the 4,050-square-foot retail property. The property commanded a sale price of $3 million. Kneaders Bakery… Read More →

Phoenix office report: total vacancy drops to 9-year low

Phoenix

The Phoenix office real estate market experienced over a million square feet of positive net absorption, strong leasing activity and steady rental rates during the first quarter of 2017, according to Kidder Mathews’ Phoenix office Q1 2017 report. Direct vacancy decreased to 15.9 percent, a 120 basis point decrease from this time last year. The… Read More →