Plaza Companies Selected By CNL Healthcare Properties to Lease Three Key Properties on HonorHealth John C. Lincoln Medical Center Campus

Plaza Companies has been selected by CNL Healthcare Properties to provide leasing services for three buildings on the HonorHealth John C. Lincoln Medical Center campus in Phoenix. The three buildings — Lincoln Medical Plaza I, Lincoln Medical Plaza II and North Mountain Medical Plaza — combined total more than 73,000 square feet of medical office…

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ABI Multifamily Brokers the $9.3M Value-Add Sale of Quail Canyon Apartment Homes to Canada-based Investor, Living Well Homes

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $9,300,000 sale of the 112-Unit, Quail Canyon Apartment Homes located on McClintock Drive, just South of Broadway Road, less than one mile from Tempe Light Rail. The sale marks the 5th transaction brokered by ABI Multifamily since June 1st with…

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Parallel Capital Partners Acquires Class A Phoenix Tower for $93.75 Million

Expanding its Phoenix area footprint, San Diego-based Parallel Capital Partners announced today it has acquired One North Central – a 20-story, trophy office building in downtown Phoenix – for $93.75 million. The 410,000-square-foot Class A, LEED Silver, Energy Star-rated tower was acquired from One North Central LLC. Eastdil Secured represented the seller and Parallel represented…

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Liberty Property Trust Employees Pack Emergency Food Boxes for Saint Mary’s Food Bank on the 12th Annual Bill Rouse Day of Caring

On Liberty Property Trust’s annual national day of service in honor of its founder, Willard “Bill” G. Rouse III, the company’s Arizona office came together in support of Saint Mary’s Food Bank, a non-profit organization that provides an array of programs designed to help those in need receive food and other types of assistance. “As…

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Preliminary Master Development Plan for ASU Athletic Facilities District In Development

Arizona State University (ASU) and Catellus Development Corporation, a nationally recognized master developer, are taking an important step toward creating a world-class urban community immediately adjacent to ASU’s Tempe Campus. Following several months of due diligence and market analysis, Catellus worked in collaboration with ASU to develop a preliminary master development plan to transform the…

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De Rito Partners, Inc. Welcomes Three New Professionals, Jeff Schonberger, Chris Evjen and Michael Franks to the Company

Jeff Schonberger joins De Rito Partners, Inc. with 32 years’ experience as a commercial real estate professional. Mr. Schonberger has worked with several prominent real estate firms in Arizona and has represented numerous national retail tenants and landlords throughout the Western United States such as Chase, McDonald’s; Native New Yorker; Jack in the Box and…

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Ipro Signs 33,958-Sq.-Ft. Lease, Relocating Headquarters to Papago Technology Center

CBRE has negotiated a 33,958-square-foot office lease at Papago Technology Center located at 1700 N. Desert Drive in Tempe, Ariz. Ipro Tech, LLC (Ipro), a worldwide leader in the design of eDiscovery workflow software, has leased the space to accommodate the company’s growing operations. “Ipro has experienced over 35 percent employee growth in the past…

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SimonCRE Continues to Grow, Adds Krahenbuhl as Project Manager

Commercial real estate developer SimonCRE adds Peter Krahenbuhl as Project Manager to assist with the development responsibilities of SimonCRE’s growing portfolio of projects. SimonCRE currently has over 50 projects in the pipeline valued at over $100 Million, creating thousands of jobs across the country. Krahenbuhl will work closely with the Vice President of Development coordinating…

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Not Everyone Gets a Trophy: Phoenix’s Trophy Office Rental Rates Continue to Rise

There’s no space like Trophy space. The premiere office towers that make up Phoenix’s skyline boast—by far—the most expensive office space to rent, garnering asking rents that are 33.5 percent higher than non-Trophy space, according to JLL’s 2015 Digital Skyline. Average Phoenix Trophy rates in the first quarter of 2015 were $26.53 per square foot,…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF ±32,221 SF FLEX INDUSTRIAL BUILDING IN PHOENIX

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 1911 W Parkside Lane, a ±32,221 SF building in Parkside Business Center in Phoenix. Tyson Breinholt of CPI’s Investment Specialists Team represented the buyer, OPNS, LLC in this transaction. Tyson Breinholt commented, “Parkside Business Center was a…

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