Melcor Lands 195 Acres in Goodyear, AZ for $10,000,000

Land Advisors Organization recently brokered the $10,186,000 purchase of 196 acres located in Buckeye, Arizona. Land Advisors Organization represented the buyer, Melcor Developments Arizona Inc. in Tempe, a subsidiary of Melcor Developments Ltd. in Edmonton, Alberta, Canada in this transaction. The seller in the cash sale was SBH La Privada LP, a limited partnership formed…

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Goettl Air Conditioning and The Sunny Plumber Welcome New Vice President of Operations

Daniel Bonner has joined Goettl Air Conditioning and The Sunny Plumber as vice president of operations.   Bonner will be based out of Goettl’s Tempe office and will be responsible for all plumbing and HVAC operations in the markets Goettl and Sunny Plumber serve including Phoenix, Tucson, Las Vegas and Southern California. Bonner brings with…

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Christopher Todd Communities Retains Mark-Taylor Residential for Property Management

Christopher Todd Communities, a Valley-based creator of luxury horizontal rental living, has retained Mark-Taylor Residential to oversee leasing and property management of the company’s innovative single-story, single-family home gated communities.  To date, Christopher Todd Communities has begun work on two communities – one in Surprise and the other in west Phoenix – and it has…

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CBRE Negotiates $85.25 Million Sale of Ahwatukee Multifamily Development

CBRE Group, Inc., has arranged the sale of Andante, a 576-unit, Class A multifamily community located at 15801 S. 48th Street in Phoenix’s Ahwatukee submarket. The community sold for $85.25 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Chicago-based Waterton. The buyer was Seattle, WA-based Security…

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Colliers International Negotiates $40+ Million Sale of Discount Tire Corporate Headquarters in Scottsdale

Marc Bonilla and Jim Keeley of Colliers International in Greater Phoenix have negotiated the $40.18 million sale of the Discount Tire Corporate Headquarters project located at 20225 N Scottsdale Rd. The two-story Class “A” office project was developed by Opus West Corp. in 2002 through a structured build-to-suit agreement with Discount Tire Company’s founder, Bruce Halle. …

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CBRE Completes Two Metro Phoenix Apartment Sales Totaling $2.1 Million

CBRE Group Inc., has arranged the sales of two multifamily properties in the Phoenix metropolitan area in two separate transactions totaling $2.1 million. Brian Smuckler and Jeff Seaman with CBRE’s Multifamily Investment Properties team in Phoenix represented the buyers and sellers in the following transactions.   Delana is a 21-unit, garden-style apartment community located at…

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HFF closes $26.45 million sale of The Village at Hayden in Scottsdale, Arizona

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $26.45 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development in Scottsdale, Arizona. HFF marketed the property on behalf of the seller, Village at Hayden, LLC, a partnership comprising AEW Capital Management, L.P. and The Muller Company, and procured the buyer,…

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THIRTY-NINE STATES ADD CONSTRUCTION JOBS BETWEEN APRIL 2016 & 2017 BUT 27 STATES LOST JOBS BETWEEN MARCH AND APRIL AMID WORKER SHORTAGES

California & Nevada Add Most Jobs for the Year; Illinois & Mississippi Have Largest Drops; California & Connecticut Top Monthly List; Texas & Montana Have Biggest Drops for the Month Thirty-nine states added construction jobs between April 2016 and April 2017 amid growing demand for construction services, yet more than half the states lost construction…

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MESA FIESTA MALL SOLD

The beleaguered Fiesta Mall located at the U.S. 60 and Alma School Road changed hands to a local Developer with plans to immediately design the Mall into a “Campus”.   The new Owners, Dimension Financial & Realty Investments, Inc. (“DFRI”) and its Principals, Jerry Tokoph and Wayne Howard, have developed many substantial projects throughout Metropolitan…

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NAI Horizon negotiates acquisition of Chandler industrial building

NAI Horizon Senior Vice President Mark Wilcke represented the buyer in a $1.786 million acquisition of a 15,097-square foot industrial building at 4148 W. Venus Way at Stellar Airpark in Chandler, Ariz. Wilcke represented Executive Investment, LLC, dba East Valley Precision of Gilbert, Ariz. The free-standing industrial building will be utilized as a manufacturing machine…

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Wayne Einbinder named leader of Kitchell Arizona

Construction industry veteran has been named Arizona Regional Executive for Kitchell Contractors, marking a return to the company that sparked his longtime career in the building industry. “Wayne has a great resumé in markets where we want to grow, including higher education, hospitality and Native American,” said Kitchell Contractors President Steve Whitworth. “His decades of…

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