Colliers International in Greater Phoenix recently represented Avesis Incorporated in a long-term office lease totaling +/- 55,501 square feet at the Corporate Center, located at 10400 North 25th Avenue in Phoenix. The tenant was represented by Todd Noel, CCIM, executive vice president with Colliers International. The landlord, Bob Olshan, vice president and Phoenix office head…Details
DTZ, a global leader in commercial real estate services, announced today the $4.6 million sale of a single-tenant industrial property occupied by United State Gypsum Corp. (NYSE: USG) at 5061 N. 51st Avenue in Phoenix. R&H Investments of Los Angeles purchased the ±99,923 square foot manufacturing and distribution building from Camelback Industrial, LLC of Santee,…Details
DTZ, a global leader in commercial real estate services, announced today the $13.7 million sale of Pioneer Shopping Center in Yuma, AZ, on behalf of the seller, Realty Resolution Advisors, LLC (RRA) of Phoenix. The buyer was Los Angeles-based Pioneer Shopping Center, LLC (dba Kornwasser Shopping Center Properties). Pioneer Shopping Center is located on the…Details
In five years, SimonCRE has grown from a three-person operation to a thriving commercial real estate development firm with 15 employees and an extensive portfolio of projects purchased and developed stretching from Oregon to Florida. Founded in 2010 by Joshua Simon, the Scottsdale-based company celebrates its five-year anniversary this month. SimonCRE specializes in retail ground-up…Details
DTZ, a global leader in commercial real estate services, announced today that American Realty Capital Healthcare Trust II, Inc., a New York-based REIT, purchased Plaza Medical & Research Center Phase II for $5.35 million. The seller was Plaza Medical Research Center Phase II, LLC (dba Plaza Companies, Sharon Harper, President). Located at 13090 N 94th…Details
Walker & Dunlop, Inc. (NYSE: WD) announced today that it has hired Eric Magnuson as senior vice president in its Western Region Capital Markets team in La Jolla, California. Mr. Magnuson is a senior commercial real estate professional, responsible for debt and equity placement for commercial real estate finance, asset management, income property sales, project…Details
Natural Grocers by Vitamin Cottage, a rapidly expanding retailer of specialty, high-quality food and dietary supplements, signed a 27,827 SF lease at Scottsdale Towne Square. The anchor space was formerly occupied by Smart and Final and is located at 13802 N. Scottsdale Road in Scottsdale, Ariz. Greg Saltz, President of GPS Retail Advisors, is the…Details
Leasing activity is up 31.3 percent year over year in Metro Phoenix and large blocks of Class A office space are nearly sold out, according to Cushman & Wakefield of Arizona. “Demand for office space in Phoenix has returned and the East Valley continues to be the beneficiary,” says Jerry Noble, Market Leader of Cushman…Details
The Fincham Dempsey team were successful in selling two Glendale, Ariz. shopping centers in the final week of July. Glendale Market Square & Arrowhead Plaza were sold satisfying 1031 exchanges for the buyers for a total of $38,600,000. The Lee & Associates Fincham Dempsey Team, led by Jan Fincham and Patrick Dempsey, facilitated the transaction…Details
Levrose Commercial Real Estate/TCN Worldwide is pleased to announce its recent hire of Mark Cassell, who will join the team as Associate at their Scottsdale office. Mark’s primary focus will be multi-tenant retail investment sales and leasing. Under the leadership and guidance from Trenton McCullough, Peter McQuaid, and Greg Vanlerberghe, Mark will learn to perfect…Details
Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of La Ville Apartments, a 20-unit apartment complex located at 4231 North 27th Street in the Biltmore-area of Phoenix. The multifamily asset commanded a sale price of $1,230,000 or $61,500 per unit. The Phoenix-based Vestis Group multifamily brokerage team of Natan…Details
Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of East Morningside Apartments, a 10-unit apartment complex located at 4116-4120 North 21st Street in the Biltmore-area of Phoenix. The multifamily asset commanded a sale price of $560,000 or $56,000 per unit. The Phoenix based Vestis Group multifamily brokerage team of…Details
Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of Ben Pines Apartments, a 15-unit apartment complex located at 3122 North 38th Street in the Arcadia-area of Phoenix. The multifamily asset commanded a sale price of $937,500 or $62,500 per unit. The Phoenix based Vestis Group multifamily brokerage team of…Details
The Phoenix office of Skanska has started work on Phase One of the 8,675-acre Skyline Regional Park in Buckeye, Ariz. The $3.95 million project for the City of Buckeye includes roadway construction, park features including entry gate house, entry gate monument and gates, ramadas, rest rooms and a pedestrian/equestrian bridge across the Skyline Wash. The…Details
Liberty Property Trust has sold 1170, 1180 and 1190 Devon Park Drive, a fully-leased, three-building complex comprising 250,185 square feet of office space in Wayne, PA, for $63.5 million. The transaction closed yesterday.
Liberty was represented by Newmark Grubb Knight Frank in the transaction.