SimonCRE Archives

40 Commercial real estate companies to watch in 2017

Scheduled to break ground in early 2017, the Arizona Center renovations will take approximately nine months to complete.  (Rendering courtesy of Parallel Capital Partners and Angelo, Gordon & Co.)
by in AZRE Magazine

This year, experts still see Arizona as a hotspot for commercial real estate activity and development. While activity in other markets across the nation is starting to fizzle out, Arizona has yet to enter the ninth inning of the business cycle as a result of its slow and steady recovery following the recession. AZRE identifies… Read More →

2017 Outlook: Retail shifts from ‘bricks to clicks’

retail
by in AZRE Magazine | Retail

The “shift from bricks to clicks” in the retail industry describes a growing trend of retailers who are selling products online instead of at brick-and-mortar stores and shopping centers. In retail, net absorption remains low and vacancy higher than expected, but the most growth is being concentrated in a few hot submarkets like Central Phoenix… Read More →

Bush’s Chicken coming to Old Town Scottsdale area

Bush's Chicken
by in AZRE Magazine | Retail

SimonCRE purchased a retail property located just outside of Old Town Scottsdale at Scottsdale and Thomas Roads, and is leasing the property out to a chicken restaurant. The 4,200-square-foot property was purchased from Astria Realty by SimonCRE for $1,492,460. SimonCRE plans to redevelop the property before its upcoming tenant, Bush’s Chicken moves in this summer. Bush’s Chicken… Read More →

North Scottsdale shopping center sells for $72.5M

Sonora Village
by in AZRE Magazine | Retail

The Fincham Dempsey Team at Lee & Associates brokered the sale of the Sonora Village retail shopping center for $72,500,000. The property is located at the southwest corner of Frank Lloyd Wright Boulevard and Loop 101 in North Scottsdale. Sonora Village is a Class A regional power and entertainment center built in 1986. The sale consists of 269,369… Read More →

3 retail buildings coming to Williams Field and Val Vista Roads

retail
by in AZRE Magazine

Scottsdale-based developer SimonCRE purchased ±3.04 acres of land at the southeast corner of Williams Field Road and Val Vista Road and will develop three retail buildings totaling ±15,000 square feet; a ±9,900-square-foot multi-tenant retail building, a 3,000-square-foot freestanding restaurant building, and a 3,009-square-foot freestanding building. The site is located approximately one mile west of SanTan… Read More →

SimonCRE to build Goodwill in Surprise

108696481
by in AZRE Magazine | Construction | Retail

Commercial real estate developer SimonCRE recently purchased 2.13 Acres of land on the southwest corner of Greenway Road and Cotton Lane to develop a 25,036-square-foot building for Goodwill. Goodwill will be joining Pet Club and CVS in the Sierra Montana Crossing Center across from Marketplace at Prasada. SimonCRE plans to break ground July 26th with… Read More →

SimonCRE names Blake Curtis director

promotion
by in AZRE Magazine | Newsmakers

Commercial real estate developer SimonCRE recently named Blake Curtis as Director of Capital Markets and Dispositions. This new position is intended to strengthen the company’s ability to develop relationships with equity partners and financial institutions. Prior to joining SimonCRE, Curtis served as Senior Analyst at VEREIT, Inc. During his tenure at the firm, Curtis led… Read More →

Meet us at the AZRE Forum

AZRE Forum_DSC_0906
by in AZRE Magazine | Events

As the summer months continue to bring the heat, AZRE magazine is doing the same with its commercial real estate mid-year update and forecast on Thursday, July 21 at the Camby from 3:30 p.m. to 6:30 p.m. The AZRE Forum will bring a panel of Arizona’s top commercial real estate experts, yielding in-depth discussions of economics, development… Read More →

Infill retail center coming to North Phoenix, near light rail

North Phoenix
by in AZRE Magazine | Construction | Retail

Scottsdale-based developer, SimonCRE, purchased 31,179-square-foot parcel of land at the northeast corner of 21st and Northern Avenues with plans to develop a 6,142-square-foot multi-tenant retail building. The building address is 2080 W. Northern Ave. The site is located less than half a mile east of the Interstate 17 Freeway and is in close proximity to the… Read More →

Tempe bike shop to turn into breakfast joint

bike shop
by in AZRE Magazine | Retail

CBRE completed the sale of a free-standing retail property located at 111 W. University Dr., the former location of Ehrhardt’s Schwinn Bikes. The 3,288 square-foot retail property is situated on approximately 14,117 square-feet of land and the property sold for $1.7 million ($517 per square foot). The new owners plan to turn the retail space into a… Read More →

SimonCRE to build multi-tenant retail building at Aspera

Aspera

Commercial real estate developer SimonCRE purchased +/-1.26 acres of land at the NWC of 75th Avenue and Loop 101 in Glendale and will build a +/-7,908 SF multi-tenant retail building in the mixed-use center called Aspera at Joy. Prior to closing, SimonCRE locked in signed leases with Starbucks, Herbal Nails & Spa and Fired Pie Pizza.… Read More →

Blaze Pizza comes to Tempe thanks to SimonCRE

Blaze Pizza

Commercial real estate developer SimonCRE purchased a +/-3,300 SF freestanding retail building in the heart of the ASU trade area and will begin renovations immediately for Tempe’s newest chain, Blaze Pizza, set to open in the spring. The building, located at 105 W. University, sits just west of the intersection of Mill Avenue and University… Read More →

SimonCRE reflects celebrates five years of success

Joshua Simon, Founder, SimonCRE

In five years, SimonCRE has grown from a three-person operation to a thriving commercial real estate development firm with fifteen employees and an extensive portfolio of projects purchased and developed stretching from Oregon to Florida. Founded in 2010 by Joshua Simon, the Scottsdale-based company celebrates its five year anniversary this month. SimonCRE specializes in retail… Read More →

SimonCRE purchases retail building from Los Olivos Norte

LosOlivos__SimonCRE

Commercial real estate developer SimonCRE purchases a +/- 7,000 SF retail building from a popular Scottsdale restaurant located within the Sonora Village Shopping Center. The building is located at 15544 N. Pima Road in Scottsdale, just off Frank Lloyd Wright and the Loop 101 in Scottsdale, AZ. After nearly 20 successful years in business, Los… Read More →