Transwestern Archives

Health Choice Arizona expands headquarters by 40%

Gateway ext 14, WEB

Transwestern brokered a lease renewal and expansion at Gateway Center on behalf of the building owner, a joint venture between an Oaktree Capital Management LP affiliate and Pearlmark Real Estate Partners LLC. Health Choice Arizona leased an additional 21,669 square feet for a total of 74,000 square feet in the Class A building at 410… Read More →

Andrina Shields Joins Transwestern

Shields_Andrina, WEB
by in AZRE Magazine | Newsmakers

Transwestern announced Andrina Shields has joined its Phoenix office as vice president of multifamily investment services. Shields is an expert in multifamily operations and revitalizing troubled assets. The co-founder of Heads on Beds, a consulting group that advises multifamily property owners on ways to add value to their holdings, Shields brings more than 25 years… Read More →

Luke Lee Joins Transwestern


Transwestern announced the addition of investment services expert Luke Lee to its capital markets group on Thursday. As a vice president based in Phoenix, Lee will offer investment services to institutional and private investors for the acquisition, disposition and recapitalization of commercial real estate assets. Specializing in the healthcare and office sectors, Lee will also… Read More →

Rural/Metro Corp. Selects Pima Office Pavilion in Scottsdale for HQ

PimaCM, Transwestern
by in Brokerage | Business News

Transwestern announced Wednesday it brokered a long-term lease with Rural/Metro Corp. for 90,500 SF of Class-A space in the Pima Office Pavilion. The Scottsdale-based provider of private ambulance and fire protection services in 21 states and nearly 700 communities will establish its new national headquarters at the Pavilion, located at 8465 N. Pima Rd. “Rural/Metro… Read More →

Dorsey Place Sells for $15M to Joint Venture in Phoenix

by in Business News

Transwestern brokered the sale of Dorsey Place, an 84-unit, condominium-style apartment building on East University Drive in Tempe, for nearly $15M. San Diego, Calif.-based Stratford Partners and Pathfinder Partners, which had purchased the building in 2011, sold the building to a joint venture between Diversified International Partners and Alliance Residential of Phoenix. The sellers were… Read More →

Leadership spotlight: Jim Achen, Jr.

by in Az Business Leaders

Jim Achen, Jr. Senior vice president Transwestern Jim specializes primarily in the leasing and sales of office properties on behalf of private, institutional, entrepreneurial and developer clients. Active in Phoenix commercial real estate brokerage since 1992, Jim has been a consistent top producer and a recipient of numerous awards for exceptional achievement. Best advice… Read More →

Relocation, Relocation, Relocation: How Executives Move to New Markets

by in Newsmakers

By Kurt Schellenbach     All real estate is local. Or is it? In an industry where markets compete nationally and trends move globally, professionals are increasingly crossing geographic borders. So what are the best ways to successfully relocate from one part of the country to another? A good case study is the recent move… Read More →

Transwestern Brokers $50M Sale of Phoenix Multi-Family Community

by in Brokerage | Business News

  Transwestern brokered the sale of The Canyons, a 629-unit apartment community at 19940 N. 23rd Ave. in Phoenix. An entity formed by Alliance Residential Co. purchased the property for $50M, or approximately $80,000 per unit. It was sold by Denver-based Continental Realty Advisors, which purchased the property in 2010 for $45.5M and infused $1.3M… Read More →

Transwestern Closes Lease Renewal of Phoenix Health Plan HQ

by in Brokerage | Business News

Transwestern has secured a lease renewal and 40% expansion for Phoenix Health Plan’s corporate headquarters space in the Catalina Terraces complex, 7878 N. 16th St. In the long-term renewal, Phoenix Health Plan has leased an additional 19,000 SF to accommodate new personnel for two of its medical plans: Phoenix Health Plan and Abrazo Advantage Health… Read More →

NAIOP Roundtable 2010: Q&A With Members of NAIOP

NAIOP, AZRE Magazine September/October 2010
by in Associations

NAIOP Roundtable 2010: Q&A With Members of NAIOP Members of NAIOP-AZ sat down with AZRE magazine in a roundtable discussion, discussing the state of the local commercial real estate industry. NAIOP Roundtable 2010 Participants: 1 — DW: Deron Webb, Managing Principal, Wentworth Webb & Postal 5 — BM: Bob Mulhern, Managing Director Greater Phoenix, Colliers… Read More →