ABI Multifamily Brokers 212 Units for $22.3M in Phoenix Metro’s Silicon Valley for Seattle-Based Security Properties

ABI Multifamily, the Valley’s largest locally operated, dedicated multifamily brokerage and advisory services firm, is pleased to announce the $22,303,217 sale of the Lakeside Apartment Homes, a 212-unit (out of 230 total units) community located in the Price Technology Corridor of Chandler, Arizona.   Lakeside Apartment Homes is an all two-story, garden style community, originally…

Details

SimonCRE Purchases Former Dirty Drummer Restaurant in Scottsdale

Commercial real estate developer SimonCRE purchased a +/- 3,170 SF freestanding retail building formerly known as the popular Dirty Drummer Restaurant and Bar. The building is located at 2730 N. Scottsdale Road near the intersection of Thomas Road & Scottsdale Road in Scottsdale, AZ. SimonCRE will begin construction on substantial improvements to the exterior and…

Details

Lincoln Property Co., Invesco Buy Phoenix’s Historic Luhrs City Center

Lincoln Property Company (LPC) and Invesco Ltd. have purchased the historic Luhrs City Center in downtown Phoenix. The joint venture will next initiate a multi-million-dollar renovation that will evolve the landmark into a mixed-use blend of creative office space, ground floor restaurants and retail – part of a downtown resurgence that includes an active office market,…

Details

Alliance Bank of Arizona Donates $100K in Scholarships to Education Nonprofit, Urges Arizona Businesses to Support Higher Education

Alliance Bank of Arizona announced today a $100,000 scholarship donation to College Success Arizona, which will benefit  students in Phoenix-metro, Tucson and Northern Arizona enrolling in a Community College. Along with the scholarships that will be distributed by College Success Arizona to 20 students over a two-year period beginning in spring 2016, Alliance Bank is…

Details

Harvard Investments and GTIS Partners Announce New Cadence at Gateway Residential Community in Southeast Mesa

Arizona-based real estate investment and development company Harvard Investments (www.harvardinvestments.com), parent company The Hill Companies, of western Canada, and GTIS Partners LP (“GTIS”), an international real estate private equity firm headquartered in New York City, announced today they will soon break ground on Cadence at Gateway (http://cadenceaz.com), a new master-planned residential community in Mesa’s expanding…

Details

KENT CIRCLE INVESTMENTS ANNOUNCES NEW MANAGEMENT AT 5151 E. BROADWAY AND 250 S. WILLIAMS

Kent Circle Investments, owner of Tucson’s largest commercial building, has made a change in their onsite property management program. Cushman & Wakefield | PICOR has been hired to manage 5151 E. Broadway and 250 S. Williams comprising 369,075 SF of office space, effective January 1. “The decision to work with Cushman & Wakefield | PICOR was based…

Details

BMO Harris Bank Relocating to Central Arts Plaza; Secures Naming Rights for Iconic Central Arts District Tower

BMO Harris Bank will be the newest tenant in the tower at Central Arts Plaza located at 1850 N. Central Ave. The Chicago-based bank is relocating its regional headquarters from its current location at One Camelback at the southeast corner of Central Avenue and Camelback Road. As part of the lease transaction, the iconic office…

Details

Paul Saffo to Keynote ULI Arizona’s 2016 Real Estate Trends Day Focused on ‘The Next 10 Years’

The Urban Land Institute (ULI) has selected Paul Saffo, a highly respected forecaster of large-scale, long-term change as the 2016 Trends Day Keynote. Governor Doug Ducey and Arizona State University President Michael Crow will also lead compelling discussions centered on Arizona’s future. Saffo teaches at Stanford University and chairs the Future Studies and Forecasting track…

Details