AIM Brokerage Services Negotiates $8M in Multifamily Transactions

AIM Brokerage Services, the brokerage division of Arizona Investment & Management Professional Real Estate Services, closed three investment sale transactions totaling $8,075,000 in Phoenix multi-family apartment projects. The transactions included brokering the sale of Solano Park (5350 N 17th Ave.) and The Estates (310 W. Medlock Dr.) and representing buyers in the purchase of MODE@Arcadia…

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CONSTRUCTION SPENDING INCREASES IN FEBRUARY AS PRIVATE RESIDENTIAL AND PUBLIC-SECTOR INVESTMENTS OFFSET MODEST PRIVATE NONRESIDENTIAL DECLINE

Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America. Association officials said the February data indicates the need for Congress and the Trump administration…

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ABA’s Leadership Development Forum Completes Community Project at Rehoboth Children’s Learning Center

The Arizona Builders Alliance’s (ABA) Leadership Development Forum (LDF) has completed more than $55,000 worth of significant upgrades to Rehoboth Children’s Learning Center in Phoenix, the 2016 LDF community service project recipient. Rehoboth provides affordable childcare to low income families.     Work on the project began in late May 2016. The LDF replaced exterior…

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VESTIS GROUP COMPLETES BILTMORE PHOENIX APARTMENTS SALE FOR $140,000 PER UNIT

Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 21st Street Apartments, an 11-unit apartment community located at 4120 North 21st Street, in the Biltmore-area of East Phoenix for $1,540,000 or $140,000 per unit. “MODE Biltmore @ 21st Street is located near Biltmore neighborhood restaurants, coffee shops,…

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Greater Scottsdale Airpark Report Forecasts Shift to Live/Work/Play

Jim Keeley, SIOR, CCIM, founding partner of Colliers International’s Scottsdale office, released his annual Greater Scottsdale Airpark 2030 Report for the year ending December 2016.  The 2030 Report was first published in 1989 as the 2010 Report and provides a current and historical perspective on economic activity, growth and trends for the Greater Scottsdale Airpark…

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Greater Scottsdale Airpark Report Forecasts Shift to Live/Work/Play

Jim Keeley, SIOR, CCIM, founding partner of Colliers International’s Scottsdale office, released his annual Greater Scottsdale Airpark 2030 Report for the year ending December 2016.  The 2030 Report was first published in 1989 as the 2010 Report and provides a current and historical perspective on economic activity, growth and trends for the Greater Scottsdale Airpark…

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Green Ideas Achieves LEED Certification for PayPal Data Center Project

Tempe based Green Ideas Building Science Consultants is excited to announce the certification of the PayPal Epsilon Data Center Expansion Project!  The project demonstrates PayPal’s commitment to sustainable, employee-centric and energy efficient business operations. The addition is a 25,600 SF, two story mixed use building comprised of office and warehouse space.  Located on the existing…

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Thinking Inside The Box: E-Commerce Gives Rise To Taller Warehouses, New Focus on Three-Dimensional Space

The rapid growth of e-commerce fulfillment networks in recent years has resulted in a steady increase in the height and volume of warehouses and distribution centers, likely necessitating a shift to three-dimensional measurement of industrial space, according to a new research report from CBRE Group, Inc. The average height of warehouses built in the U.S.…

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Olafson earns CIPP/US data privacy certification

Shane Olafson, Of Counsel at Lewis Roca Rothgerber Christie LLP, has earned the ANSI-accredited Certified Information Privacy Professional/United States (CIPP/US) credential through the International Association of Privacy Professionals. The CIPP/US credential reflects a strong foundation in U.S. privacy laws and regulations, and an understanding of the legal requirements for the responsible transfer of data internationally. …

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Phoenix Developer Revolutionizes Valley Rental Options With “Horizontal Living”

Christopher Todd Communities, a new Arizona-based developer of private single-family, luxury rental homes, has kicked off the company’s first innovative “horizontal” rental community located at the southwest corner of Greenway Road and Litchfield Drive in Surprise, Arizona.   Horizontal rental living is a new trend, now seen only in a few other markets. Unlike the typical…

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Avison Young brokers 6.87-acre land sale for senior living development project in Phoenix

Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $2.7-million sale of a 6.87-acre land parcel for the development of a senior assisted living and memory care community in Phoenix.   Named Mariposa Point at Algodon Center, the fully entitled site is anticipated to begin construction in…

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Emerald Industries, LLC Purchases $9.5 Million Gilbert School Campus

Emerald Industries, LLC has purchased the 9.39-acre school campus at 1305 S. Gilbert Rd. in Phoenix for $9,500,000.  The site is home to Lauren’s Institute for Education (L.I.F.E.), which has leased the property since 2015. “This is yet another sale further validating educational based real estate as a defined institutional asset class,” says Todd Noel,…

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CONSTRUCTION ASSOCIATION CALLS ON CALIFORNIA & LOCAL LAWMAKERS TO REJECT BANS ON EMPLOYERS WORKING ON BORDER SECURITY PROJECTS

The Associated General Contractors of America urged state and local officials in California to reject or repeal proposals to punish companies and their employees for working on border security projects on behalf of the United States government. Association officials also noted, in a letter to the state and local lawmakers, that the federal courts will…

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