Mortenson Taps Company Veteran to Lead Real Estate Development in Phoenix

Mortenson, a leading construction and real estate development company, today announced that George Forristall has been promoted to development executive and will oversee its real estate development services in Phoenix. Forristall is a 20-year Mortenson veteran and previously worked as a principal for the company’s construction business. Mortenson’s latest project is the development of an…

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Lee & Associates Brings on Investment Team, Adding More Talent to Seasoned Group

Lee & Associates in Phoenix is pleased to announce the addition of Steven Gonzalez, Marcus Muirhead and Greg Guglielmino as Investment Principals joining Lee’s existing Investment Group. Prior to joining Lee, the veteran group most recently worked as investment brokers at Colliers International and at Marcus & Millichap, both in Phoenix. The team specializes in…

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LGE Design Build Completes Mora Italian, Latest Restaurant on Seventh Street Stretch

LGE Design Build recently completed construction on Mora Italian, a much-anticipated Italian osteria that will serve as celebrity Chef, Restaurateur and TV Personality Scott Conant’s first official introduction to the Valley. The eatery opened to considerable fanfare in early February, with Conant and his modern, elegant addition to 7th St. gracing the pages of everything…

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Lee & Associates Runs the Bases With 94,885 SF, $7 Million Industrial Sale

A 94,885 SF industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50 per SF to a national moving and storage company. Lee & Associates Principal Matt McDougall represented the building owners, Cohen Asset Management, Los Angeles, while Principal Steve Farrell represented the buyer, S&M Moving Systems, Phoenix. The company is…

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SHOW APPEAL REALTY JOINS REALTY EXECUTIVES PHOENIX

Chandler-based Show Appeal Realty is joining Realty Executives in an alignment of residential real estate firms. Show Appeal Realty, which was founded by Phoenix-based investor Brandon Hunt, has joined forces with one of the largest and most respected real estate brokerages in Arizona, Realty Executives. Show Appeal Realty will rebrand as Realty Executives and will bring nearly 1​6​0…

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Lincoln Property Co. Adds 2777 Camelback to Class A Phoenix Office Portfolio

With a $24.65 million purchase, Lincoln Property Company (LPC) has added 2777 Camelback to its Class A Phoenix office portfolio. The 104,618-square-foot building is located at 28th Street and Camelback Road, in a section of the Camelback Corridor undergoing a wave of new development. The acquisition brings LPC’s metro Phoenix Class A office portfolio to more than 3.5…

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BERKADIA COMPLETES $12,050,000 SALE OF PHOENIX MULTIFAMILY PROPERTY

Berkadia today announced the sale of The Monarch, a 120-unit multifamily property located at 77 West Coolidge Street, Phoenix, Arizona. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne, and Associate Tom Wolff of the Berkadia Phoenix office exclusively listed the property and completed the sale on February 24, 2017 for…

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IPA Sells Suburban Phoenix Multifamily Complex for $28.75 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Palm Trails Apartments, a 203-unit apartment community in Chandler, Arizona. The $28.75 million sales price equates to $141,626 per unit. “During the past year, the seller, Stratford Partners,…

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Phoenix-Based Vestar Selected to Manage Premier San Diego County Retail Center

Vestar, one of the leading privately held real estate companies in the western United States, has been retained as the property management firm for Plaza Paseo Real, a 147,848-square-foot grocery anchored neighborhood shopping center in Carlsbad.  Vestar is currently managing more than two million square feet of retail space in the San Diego area including…

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