WEICHERT COMMERCIAL BROKERAGE LAUNCHES INVESTMENT DIVISION

James Sousa, president of Weichert Commercial Brokerage, Inc., is pleased to announce the launch of the Weichert Commercial Brokerage Investment Division, which will assist investor clients with property selection, acquisition, tenant lease negotiations and sophisticated disposition strategies. “This new division of Weichert Commercial Brokerage was designed specifically to support people and companies seeking to invest…

Details

Lee & Associates, RSP Architects, Wespac Tapped to Reposition Renaissance Square

Owners of Renaissance Square, Downtown Phoenix’s iconic offi ce towers at 2 and 40 N. Central Ave., have engaged Lee & Associates, RSP Architects and Wespac Construction to completely reimagine the nearly one million square foot Class A property. The ownership group, a joint-venture between funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and Cypress…

Details

El Pavon Apartments in El Paso Purchased by California Investor

The El Pavon apartments at 5130 Chromite St. have been sold to a California investor, marking this buyer’s first acquisition in the El Paso marketplace. “This investor currently holds a property in Arizona and is now expanding into the Texas market,” says Trevor Koskovich, executive vice president with Colliers International in Greater Phoenix.  “The El…

Details

Wentworth Storage Company Acquires 1.63-Acres in Phoenix

Glendale Avenue Self-Storage, LLC (Wentworth Storage Company, LLC) has purchased 1.63-acres west of the northwest corner of 19th Avenue and Glendale Avenue for $770,000.00. The Arizona-based development and acquisition company plans to develop a 100,000-square-foot self-storage facility on the property that is zoned C3. The seller was NRDP AZ III, LLC (Rick Sodja). “This property…

Details

Lee & Associates, RSP Architects, Wespac Tapped to Reposition Renaissance Square

Owners of Renaissance Square, Downtown Phoenix’s iconic office towers at 2 and 40 N. Central Ave., have engaged Lee & Associates, RSP Architects and Wespac Construction to completely re-imagine the nearly one million square foot Class A property. The ownership group, a joint-venture between funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and Cypress Offi…

Details

Roosevelt, Washington, Jefferson, and Jackson: Historic Downtown Streets setting New Urban Trends

You read the title and think what amazing history took place under the influences of these politicians.  Not so fast because these historic names are simply the street names in downtown Phoenix that are becoming the latest commercial real estate hot spots.  The population downtown continues to grow and the path is currently being paved…

Details

McShane Construction Completes Two-Building Speculative Industrial Development in Phoenix

Milt Elmer, Vice President of McShane Construction Company’s Southwest Region, is pleased to announce the construction delivery of Desert Gateway – a two-building light industrial development for a joint venture between Griffin Opportunities LLC, Adam Norvell and Walter Cale. Located within the growing Deer Valley submarket in Northwest Phoenix, Arizona, Desert Gateway is prominently positioned…

Details

Sun State Builders Announces the Completion of the Award Winning Vinyl Visions Office and Manufacturing Facility in Prescott

VINYL VISIONS and SUN STATE BUILDERS are proud to announce the completion of Vinyl Vision’s Prescott Arizona Office and Manufacturing facility. This project is the winner of multiple awards including the city of Prescott’s “Deal of the Year” and an Award of Merit from the Arizona Association for Economic Development (AAED), recognizing excellence, innovation, and…

Details

CONSTRUCTION FIRMS GETTING SQUEEZED BY INCREASING MATERIALS & LABOR COSTS AND SLOWER INCREASES IN WHAT THEY CHARGE TO BUILD PROJECTS

The cost of materials used in construction rose markedly faster than the price of completed buildings, according to a new analysis of federal producer price data released today by the Associated General Contractors of America. Association officials cautioned that potential restrictions on the use of imported construction materials threaten to drive up the price of…

Details

Structured Finance Expert Randy Pereira Joins Colliers International

Randy Pereira has joined Colliers International in Greater Phoenix as a senior vice president, where he will serve as a lead financial advisor to clients on financial strategies.   “Randy joins us with impressive expertise in advising domestic and international corporate occupier clients on matters of portfolio strategies, structured finance alternatives, transaction accounting, tax and…

Details

NAIOP ARIZONA RUNS NATIONAL-AWARD WINNING STREAK TO 12 YEARS AT ANNUAL MERIT GALA IN WASHINGTON, D.C.

NAIOP Arizona ran its winning streak of bringing home national awards to 12 years, earning large-chapter honors for both its Legislative and Communications initiatives. NAIOP Arizona was honored recently at the annual Merit Awards gala held during the 2017 NAIOP Chapter Leadership & Legislative Retreat at the Capital Hilton in Washington, D.C. Last year NAIOP…

Details