HINES ANNOUNCES MANAGEMENT PROMOTION AND HIRE AT RENAISSANCE SQUARE

Hines, the international real estate firm, recently promoted Steve Hamel to General Property Manager and hired Lindy Mertins as Property Manager. Both positions are located at Renaissance Square. Hamel oversees a staff of 18 at Renaissance Square. He previously served as Property Manager of Renaissance Square. Through his leadership, Hamel has improved tenant satisfaction, accounting…

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Westcore Properties Acquires $69.4 Million MetLife Southern California Industrial Portfolio

Increasing its already strong presence throughout California’s well-established industrial markets, Westcore Properties is purchasing an infill industrial portfolio from MetLife for $69.4 million. The core-plus acquisition includes eight buildings in four projects consisting of 634,289 square feet of well-located, highly functional properties in the robust industrial markets of Orange County and Inland Empire. Properties included…

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WHERE RETRO MEETS SOPHISTICATION, THE STANDARD IS OLD TOWN SCOTTSDALE’S NEWEST RESIDENT

Experience innovative luxury living at Scottsdale’s newest apartment community, The Standard. Located in the heart of downtown Scottsdale’s thriving cultural and social hub, comes a host of unique apartment homes, drawing inspiration from mid-century modern style.   Adjacent to the Hotel Valley Ho, an iconic 1950s landmark, The Standard blends design elements from the era…

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Lincoln Property Co. Leases 552,330 SF to Distribution User

Investment, development, leasing and management expert Lincoln Property Company (LPC) has completed a 552,330-square-foot lease that will fully occupy a Phoenix industrial building and bring approximately 200 new jobs to the Southwest Valley.   The undisclosed distribution user will move into its new space in October and will fully occupy the project, located 7037 W. Van Buren…

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Colliers International Completes $13.25 Million Sale Of Property in Biltmore Area of Phoenix

Colliers International in Greater Phoenix recently completed the $13.25 million sale of 150,000 square feet of buildings located on 4.4-acres of property in Phoenix. The property will be razed and a new upscale multifamily community constructed on the land. Kaplan Acquisitions LLC of Scottsdale purchased the property, located at 4602 N. 24th St.   Colliers…

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CBRE Completes Sale of Shade at Desert Ridge Apartments

CBRE has completed the sale of Shade at Desert Ridge Village, a 342-unit apartment community located at 21150 North Tatum Boulevard in Phoenix. Financial details of the transaction were not disclosed. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. The seller was LaSalle Investment Management of Chicago,…

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