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
Commercial real estate developer SimonCRE adds David Friedberg 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 $100 Million, creating thousands of jobs across the country. Friedberg will work closely with the Vice President of Development coordinating and…Details
GPE Commercial Advisors, one of the oldest privately owned commercial real estate firms in Arizona, secured the sale of a 2,800 SF medical office condo located at 10750 West McDonald Road, Suite B210 in Avondale. The property sold for $700,000 ($250/SF), at an 8.2% CAP rate on current income. Rubystone, L.L.C. closed escrow with a…Details
Cushman & Wakefield Represents KBS Reit II on State of California’s Board of Equalization’s Renewal at Gateway Corporate Center
The Board of Equalization, the state of California’s elected tax commission, will maintain offices within the Gateway Corporate Center after renewing its 66,593-square-foot lease at 160 Promenade Circle near downtown Sacramento. With a combined 235,193 square feet of rentable office space, Gateway Corporate Center includes two, three-story, Class A office buildings. The center is owned…Details
Cook Remodeling & Custom Construction announces the appointment of J.J. Levenske to Chief Operating Officer and a move to new larger office space. Levenske brings more than 20 years of construction industry experience to Cook Remodeling, including work for a large international construction company. Levenske is charged with improving business processes and positioning the company…Details
Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced the promotion of Senior Vice President, Brian Casey to head the Company’s Mid-Atlantic Capital Markets team. Mr. Casey has been with Walker & Dunlop for two years building the Company’s balance sheet lending activities which now includes over $250 million of loans on multifamily properties across…Details
Amkor Technology, a leading provider of semiconductor packaging and test services, joined Tempe Mayor Mark Mitchell, Ryan Companies US, Inc., ASU representatives and other community leaders to officially open the doors of Amkor’s new corporate headquarters today. Located in the Arizona State University Research Park (ASURP), the 101,949 square foot, two-story office building at 2045…Details