CBRE Multifamily Investment Group Negotiates $1.7 Million Sale of Desert Arbor Apartments in North Phoenix

CBRE has negotiated the following multi-family sales transaction: • Stardom Apartments, LLC from Woodside, California has purchased Desert Arbor apartment complex, a 73-unit multi-family property located at 725 West Vogel Avenue and 726 West Hatcher Road in Phoenix, Arizona from Las Salas, INC of Phoenix, Arizona. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office…

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Technology Consulting Company Solugenix and Safari Books Online Moving to SkySong

Two new key tech additions are coming to the newest building in SkySong, The ASU Scottsdale Innovation Center. A trailblazing information technology solutions firm and an online technology and business library provider are going to call SkySong 3 their new home. Solugenix Corporation is the longest-serving IT consulting firm in the nation, doing pioneering work…

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LAW FIRMS SEE NEW #1 ISSUE AFFECTING BUSINESS COMPETITION

Cushman & Wakefield’s Legal Sector Advisory Group (LSAG) today released the results of its second National Legal Sector Benchmark Survey. Among its key findings, and in stark contrast to last year’s results, is a 17% increase in respondents who believe that traditional partnership structures will be completely reorganized. In addition, competitive fee structures overtook recruitment…

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CBRE Negotiates Sale of Target and US Bank in Tempe, Ariz. for $11.9 Million

CBRE has completed the sale of two single-tenant net leased investment properties in Tempe, Ariz. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road. The properties are located on a 10.02-acre corner parcel and commanded a sale price of $11.9 million representing a 5.35…

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Daum Negotiates $1.721 Million Sale of Industrial Building in Tempe, Ariz.

Daum Commercial Real Estate Services has negotiated the $1.721 million sale of a 27,872-square-foot industrial building located at 819 W. Fairmont Avenue in Phoenix. Rich Sica and Jay Krew with Daum Phoenix represented the seller. Justin LeMaster of Cushman & Wakefield represented the buyer in the transaction. The buyer, SPCLO IV, LLC of Phoenix bought…

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Shareholder Albert Acken Named Ryley Carlock & Applewhite’s Water and Environmental Practice Group Leader

Ryley Carlock & Applewhite is pleased to announce that Albert “Bert” H. Acken has been named Practice Group Leader of the firm’s Water, Energy, Resources and Environmental Law Practice Group. Acken will oversee 12 attorneys in our Phoenix and Denver offices, which provide a full range of knowledge in water law, environmental regulation, environmental litigation,…

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Colliers International Completes $2.15 Million Sale of Two Office Buildings in Surprise, Ariz.

Colliers International in Greater Phoenix recently completed the sale of two office buildings in Surprise, for $2.15 million, or $182.17 a square foot, which are presently leased to One Step Beyond Inc., a nonprofit of Peoria, Ariz. Richards Family Trust of San Diego purchased the buildings, located at 15527 and 15331 North Reems Road, from…

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LGE Design Build Constructs 50,000 SF Glendale Operations Center for NPL Construction Co.

LGE Design Build has constructed a 50,000-square-foot regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale, including office space, a training facility, and a warehouse storage area plus several acres of land for NPL’s large fleet…

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