Northsight Village Shopping Center, an 88,031 square foot retail center built in 2001, sold for $11,500,000. The property is located on Northsight Boulevard just north of Raintree Drive adjacent to The Home Depot, Costco, Sam’s Club, Walmart Supercenter, and is surrounded by millions of square feet of retail, office and residential as well as the…Details
Institutional Investors’ desire to increase property values through the use of property management and agency leasing expertise has led JLL to add experienced talent to its roster. The firm today announced Mike Ruppert has joined its property management platform as Senior Managing Director, Southwest Region and property management lead for the Southwest region, including Phoenix.…Details
Colliers International in Greater Phoenix recently completed the investment sale of a Chuy’s Mesquite Broiler restaurant building in an active Tucson residential and shopping area for $1 million. The transaction also included a billboard lease with Eller Media Company. RR 22nd Street Tucson LLC of Honolulu, Hawaii, purchased the property, located at 7101 E. 22nd…Details
CBRE has negotiated the following multi-family sale transaction: • Old Republic Exchange Facilitator Company and Asset Preservation Inc. from San Francisco, Calif. have purchased Sun Ray, a 28-unit multi-family property located at 1621 West Denton Lane in Phoenix, Ariz. The seller was Duane Heldt and Stephanie Potter of Costa Mesa, Calif. Brian Smuckler and Jeff…Details
Jeffrey A. Banks has joined the Industrial Properties Division of Cushman & Wakefield of Arizona, Inc. as an Associate. Banks’ primary responsibilities at C&W will be to focus on tenant and agency leasing for industrial properties. Banks previously was Vice President of Business Development for Facto Express, a freight shipping and trucking company. Prior to…Details
Colliers International Completes Land Sale, Buyers Move forward on New Industrial Building in Tolleson
Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year. First Industrial Realty Trust Inc., a Chicago-based publically-traded REIT, purchased the land and teamed up with Merit Partners Inc. of Phoenix to…Details
CBRE has completed the sale of the Farmers Insurance Building, a ±106,397 SF single-tenant office building located at 16001 N. 28th Avenue in Phoenix. The property, which is located in the Arizona Business Park in the I-17 corridor, commanded a sale price of $16.85 million. Barry Gabel and Chris Marchildon, along with Ashley Brooks, Jim…Details
DTZ, a global leader in commercial real estate services, announced today the ground breaking of Tiburon @ Chandler Airport. Tiburon Companies executives Michael Burton, Robert Burton and Dwayne Burton were joined by Mayor Jay Tibshraeny, Chandler City Council members Nora Ellen, Terry Roe and Jack Sellers along with their project team and other local leaders…Details
LGE Design Build has completed construction on a 47,863-square-foot, two-story $9.5 million building for the Southwest College of Naturopathic Medicine (SCNM) in Tempe.
Called the Community Commons, the building offers state-of-the-art classrooms with study areas, exercise spaces and a library expansion four times larger than the previous space. The Community Commons’ 6,100-square-foot regenerative pain clinic and rehabilitation center will enable the college to pioneer an interdisciplinary approach. For the public, the building houses an organic café, teaching kitchen, yoga studio and a natural medicine dispensary.
The campus addition supports SCNM’s record-enrollment numbers, growing patient volume in the medical center and future plans to add new degree programs and community classes. In July, SCNM graduated its largest class of naturopathic physicians in the college’s 21-year history.
“Once in a generation the chance comes along to transform a college,” said Dr. Paul Mittman, president and CEO of SCNM. “Rarely can this happen by adding a single building, but that’s exactly what has happened with the addition of the SCNM Community Commons. The Commons is reshaping the SCNM experience by bringing a fully-realized naturopathic lifestyle to students, patients, staff and visitors.”
“LGE worked closely with SCNM to create a beautiful building that will stand the test of time and enable SCNM to expand its reach into the community,” said David Sellers, president of LGE Design Build.
SCNM is seeking LEED Platinum certification. Parking canopies include photovoltaic solar panels.
DTZ, a global leader in commercial real estate services, announced today that Andrew Snedeker has joined the firm’s Project and Development Services division as Vice President in the Phoenix office. Mr. Snedeker will be responsible for managing all phases of the development process, including ground-up projects, redevelopments and tenant improvements. “Having someone with Andrew’s knowledge…Details
Johnson Carlier, a locally-based general contractor, announced today that Jack Albert has joined the company as Senior Project Manager. Albert is a LEED® Accredited Professional with preconstruction and construction management expertise. He has 25+ years of experience in the Arizona construction industry. Albert has been involved in Construction Manager at Risk (CMAR) projects in Arizona…Details
CBRE Multifamily Investment Group Completes Sale of 23-Unit Apartment Complex for more than $1.87M in Midtown Phoenix
CBRE has completed the sale of 45 Lexington, a 23-unit apartment complex located at 45 East Lexington Avenue in Midtown Phoenix. The multifamily asset commanded a sale price of $1.875 million, or $81,522 per unit. Brian Smuckler and Jeff Seaman with CBRE’s Phoenix office negotiated the transaction on behalf the buyer, Continental Mountain LLC of…Details
Suntec Concrete, one of the largest concrete contractors in the Western United States, recently announced the addition of Rick Kratz, CPA, as the company’s CFO. Kratz is a 30-year veteran of construction accounting, including having served the past 22 years as a Principal for the CPA firm of Pittman & Murdough, PLLC, who merged with…Details
CBRE has negotiated the following multi-family sale transaction: Highland Villa, LLLP from Richmond B.C., Canada has purchased Highland Villas, a 36-unit multi-family property located at 1110 East Highland Avenue in Phoenix, Arizona from Mustard Seed Housing, LLC of Scottsdale, Arizona. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and the seller…Details
Approaching its first anniversary this July, Earnest has set the bar high for neighboring restaurants in the Chandler area at The Promenade at Fulton Ranch. Earnest opened in the space that formerly was Cork, an upscale restaurant that closed its doors. At the time, Chandler resident Danielle Morris saw an opportunity to redefine that space…Details