SimonCRE Purchases Retail Building in the Heart of the ASU Trade Area

Commercial real estate developer SimonCRE purchased a +/-3,300 SF freestanding retail building in the heart of the ASU trade area and will begin renovations immediately for Tempe’s newest chain, Blaze Pizza, set to open in the spring. The building, located at 105 W. University, sits just west of the intersection of Mill Avenue and University Drive and was purchased…

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HINES RENEWS LEASE FOR BRYAN CAVE, SIGNS BERKELEY RESEARCH GROUP LEASE AT RENAISSANCE SQUARE

Hines, the international real estate firm, today announced it has renewed Bryan Cave’s long-term 38,878-square-foot lease and signed a new 6,244-square-foot lease for Berkeley Research Group, LLC at Renaissance Square. Bryan Cave, a law firm with more than 135 employees, has been located at Renaissance Square for 17 years. “We are pleased to renew our…

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Ryan’s Marina Heights Project is Awarded AMCA 2015 Project of the Year

Ryan Companies US Inc.’s two million square foot Marina Heights project has been awarded the Associated Minority Contractors of America (AMCA) 2015 Project of the Year for the first of five office towers to open at Marina Heights, Building D. Ryan has a long-standing commitment to the inclusion of Minority and Women Business Enterprises (M/WBE) on its construction projects. Through Ryan’s…

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Dennis Williams of NorthMarq Capital’s San Francisco office negotiates $7.5M refinance of Somerset Apts. in Albuquerque

Dennis Williams, senior vice president/managing director of NorthMarq Capital’s San Francisco office finalized the $7.5 million refinance of Somerset Apartments, a 224-unit multifamily property located at 1101, 1201 and 1205 Madeira Drive SE in Albuquerque, New Mexico.   The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the…

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Douglas Allred Company Purchases Former Phoenix Industrial Building, Announces Plans to Develop New Office Property

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Dared 89 LLC (dba Douglas Allred Company) purchased a ±64,853 square foot industrial building at 4039 E. Raymond Street in Phoenix for $3.6 million. The San Diego-based full-service real estate firm announced plans to tear down the existing building and develop…

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Clarendon Place in Midtown Phoenix Sells for $9.37 Million

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Clarendon Place, located at 300 W. Clarendon Ave. in Phoenix, sold to California-based investor Brentwood Mortgage Rose Plaza/MKN for $9.37 million. The seller was the Burton Family Foundation (Daryl Burton and Jeffrey Sauter) of Phoenix. Cushman & Wakefield’s Eric Wichterman and…

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Matson Money to Expand Scottsdale Operations at La Curvata

Cushman & Wakefield, a global leader in commercial real estate services, announced today that Matson Money will significantly expand its Scottsdale operations with the lease of 47,482 square feet of office space at La Curvata in the Scottsdale Airpark. The Cincinnati-based company is a full-service Registered Investment Advisor firm offering asset management services through independent…

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DEVELOPMENT VETERAN JOINS VELOCITY RETAIL GROUP’S ACCELERATED DEVELOPMENT SERVICES DIVISION

Accelerated Development Services, a division of Velocity Retail Group, announces the hiring of Trey Eakin as Senior Vice President of Development Services effective immediately.  A 30 year veteran in the retail development arena, Trey’s experience includes acquisitions, oversight, strategic analysis, project management, and lease up of retail and mixed-use projects totaling over $1 billion in…

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