phoenix Archives

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 →

Polsinelli earns Export Service Provider of the Year Award

Export service provider

National law firm Polsinelli has been named the recipient of the Mayor’s 2016 Export Services Provider of the Year Award. The firm was recognized at the Sisters Cities 17th Annual Global Links Business Outlook luncheon this past week for its “tireless generosity in supporting every aspect of all export and international related activities in the city… Read More →

Marcus & Millichap sells Phoenix multifamily complex

multifamily
by in AZRE Magazine | Multi-Family

The Phoenix office of commercial real estate investment services firm, Marcus & Millichap (NYSE: MMI), completed the sale of The Shorewood, a recently renovated mid-century art deco style apartment building in the Midtown Phoenix corridor. The apartments sold for $2,650,000 or $126,190 a unit, and are located at 3601 N. 5th Ave. in Phoenix. Brian Tranetzki and Rich Butler, multifamily investment… Read More →

Valley Partnership examines airports as economic engines

Sky Harbor
by in AZRE Magazine | Events

Valley Partnership’s monthly breakfast for June will cover a panel who will feature presentations from economic development officials on three of the Valley’s municipal airports. Experts will share their strategic plans and outline upcoming opportunities for the real estate and development communities. The panel will feature Shea Joachim, business development director at the Phoenix-Mesa Gateway… Read More →

Paul Johnson moves from politics to healthcare innovator

Politics

Paul Johnson has always been a groundbreaker. In 1990, he became the youngest mayor of a major American city when he became mayor of Phoenix at age 30. Under his leadership, Phoenix was voted Best Run City in the World. Since leaving politics, Johnson has turned his attention to healthcare, founding Redirect Health, which helps… Read More →

Metrocenter rezoning approved by city

rsz_metrocenter_pic
by in AZRE Magazine

The Phoenix City Council has unanimously approved a Planned Unit Development (PUD) application for 130 acres in and around the iconic Metrocenter Mall development, located on Interstate 17 between Peoria and Dunlap roads in Phoenix. The new zoning allows for multiple new uses besides retail, such as office, senior housing, multifamily housing and healthcare. It also allows… Read More →

Slideshow: Downtown’s latest hip apartments, Proxy333

Proxy333 is one of Phoenix's luxury apartments that is expected to come online soon.
by in AZRE Magazine | Multi-Family

Some were miffed when the the original building where Proxy333 now stands was torn down, but they’d be excited to hear the upcoming luxury apartments are still paying homage to what once was. The Tilton Development Company and Goodman Real Estate developers commissioned local muralist Such Styles to work on murals at the new apartments,… Read More →

Berkadia completes midtown Phoenix multifamily sale

by in AZRE Magazine | Multi-Family

Berkadia completed, Wednesday, the sale of Barrington Regent, a Class B rental community in Phoenix. The $11 million sale was completed on May 18, and reflects a $88,709 per-unit price. Located at 825 W. Osborn Road, Barrington Regent is less than a mile from the Metro Light Rail and approximately one mile from the Downtown… Read More →

BKM acquires 3-property industrial portfolio in Phoenix

BKM
by in AZRE Magazine | Industrial

BKM Capital Partners, an institutional fund manager, acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio, in an off-market transaction. The three properties are located in Tempe. The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which is 34 percent below replacement cost. This portfolio was acquired as… Read More →