tempe Archives

HFF closes $21.13M sale of office building in Tempe

by in AZRE Magazine | Brokerage

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $21.13 million sale of 1616 West 17th Street, a 111,349-square-foot, newly renovated office building that is fully leased to Home Depot U.S.A., Inc. in Tempe, Arizona. HFF marketed the property on behalf of the seller, Tempe One Investors, LLC, and procured the buyer,… Read More →

Lowe’s ground lease trades hands for $22.7 million

by in AZRE Magazine

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 119,336-square-foot, triple-net Lowe’s ground lease in Tempe, Arizona. The sales price is $22.7 million.             “Highlighting the strength of the asset’s positioning within two of the area’s largest urban centers, central… 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 →

Cul-de-sac living comes to the city

urban cul-de-sac

Tempe-based LVA Urban Design Studio broke ground in mid-December on a luxury, mid-rise condominium complex designed to feel like an urban cul-de-sac located in Downtown Scottsdale. The concept originated from LVA President Steven Voss and his wife Wendy, who will be among the community’s first residents. The direction given to architects, Allen + Philp Architects,… Read More →

400 artists gathered for Tempe Festival of the Arts

Tempe Festival of the Arts

Artists and craftsmen from around the country came together once again this past weekend for the 40th Annual Tempe Festival of the Arts, showing off talents in every visual medium from painting to glass blowing. The festival’s spring and fall events attracts hundreds of thousands of visitors of all ages, providing a variety of activities and food… Read More →

Chase Bank buys 67-acre campus in Tempe

Chase Bank purchased 67 acres at the Discovery Business Park in Tempe near Elliot Road and Loop 101, according to an announcement from the bank on Thursday. Chase plans to have more than 4,000 employees on the 800,000-square-foot office campus and will be moving the first wave of employees onto the campus during the first… Read More →

Tourism in Tempe generates $1 billion in business sales

Tempe

The Tempe Tourism Office released the findings from a comprehensive research project, conducted by Tourism Economics, that details the economic impact of the tourism industry in Tempe. This study, which quantifies the importance of tourism in Tempe, found that 3.7 million visitors to Tempe in 2015 spent $730.6 million in direct expenditures. When combining that… Read More →

Arizona Coyotes arena in Tempe? Not happening

Arizona Coyotes arena

The plan to build a proposed Arizona Coyotes arena in Tempe, near Tempe Marketplace, has been killed. On Friday, ASU released a statement saying that is has no intention of signing a development agreement, an option to lease, or any other agreement with the Coyotes. ASU did not give a reason for why it has… Read More →

Two tech firms looking to hire 700 in Tempe

Two technology companies are expanding in Tempe, with plans to add about 700 jobs between the two firms, according to an announcement from the City of Tempe. After hiring nearly 200 people in Tempe recently, ZipRecruiter is planning to expand its Tempe workforce by adding more jobs through 2017. The firm hopes to have a… Read More →

ADP plans to add 250 jobs in Tucson

Looking for a job? New Jersey-based Human resources management software firm, ADP, is adding 250 jobs to its Tucson location. The company will now have 400 employees in Tucson and nearly 2,000 in Arizona with the additional 250 employees who will work at the 49,543-square-foot space at the company’s facility at 5451 E. Williams Blvd.,… Read More →

ABI Multifamily negotiates $10.85M Mesa apartment sale

ABI Multifamily
by in AZRE Magazine | Multi-Family

ABI Multifamily negotiated the $10,850,000 sale of the 155-unit, Broadway Heights Apartments, located in Mesa, Ariz. The sale turns out to $70,000-per-unit and $100.20-per-square-foot. Originally built in 1983, the property features a mix of Studio, 1 and 2- bedroom unit types, with a weighted average unit size of approximately 700 square feet. “It’s amazing to see… Read More →

Humana plans to hire more than 100 in Tempe

QBE First - Call Center

Humana Inc. (NYSE: HUM) is hiring more than 100 new, full-time jobs this month. Humana Pharmacy, Humana’s mail-order pharmacy service, is hiring now for more than 100 Customer Care Specialist and Pharmacy Customer Care Advocates positions at its Tempe call center, located at 7333 S. Hardy Drive, Suite 102 in Tempe. Customer Care Specialists respond directly… Read More →

Liberty Property Trust fills nearly finished Rio Salado office

by in AZRE Magazine | Office

Liberty Property Trust today announced that it has executed two new leases, filling its nearly complete 135,663 square foot speculative office building at 1930 West Rio Salado Parkway in Tempe. DriveTime Automotive Group, an existing tenant in 1720 West Rio Salado Parkway at Liberty Center at Rio Salado, will expand into 65,889 square feet of… Read More →

Revitalized Pedal Haus Brewery will reopen on Nov. 3

by in Experience AZ Magazine

The anticipated re-grand opening of Pedal Haus Brewery in downtown Tempe, the resident brewpub and beer garden on Mill Ave., is scheduled on Nov. 3. After an expansive remodel, Julian Wright of Fork & Dagger Inc., 2016 Arizona Culinary Hall of Fame Restaurateur of the Year award winner and creative visionary behind Tempe concepts such… Read More →