Colliers International Completes $3.5M Sale of a Net Lease Property in Glendale Occupied by Drive Time Automotive Group Inc.

Colliers International in New York City, supported by Greater Phoenix, sold a single-tenant, net-leased retail site located at 5104 W. Glendale for $3.5 million.   Proinvest 99 Glendale AZ, LLC purchased the fully leased property from Verde Investments Inc. Dmitry Levkov, managing director Colliers NYC, in collaboration with local broker Marc Bonilla of Colliers Scottsdale,…

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Robson Resort Communities Wins Top Honors at Eliant Homebuyers’ Choice Awards

For the fifth consecutive year, the Robson Communities, Inc. and its affiliated companies have been recognized with a first place award for Overall First-Year Quality in the High Volume Builder segment at the annual Eliant Homebuyers’ Choice Awards competition. In addition to receiving the Overall First-Year Quality in the High Volume Builder segment, Robson Communities,…

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Sports grill helps Chandler site get back in the game Sigma Contracting, DPA Architects breathe life into area

The ownership team of Blue 32 Sports Grill continued its business plan of expansion by engaging a pair of locally owned companies to design and construct its fourth location, bringing life to a Southeast Valley corner that has been a blight for Chandler residents. Scottsdale-based firms Sigma Contracting and DPA Architects collaborated on the 4,000…

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LGE Design Build Starts Construction on 15,000 SF Retail Store for Guitar Center, Business Expands in Tempe

LGE Design Build recently began construction on a new, 15,000 square-foot addition to the Emerald Center, a sprawling, 2 million square-foot mixed-use project that will bring countless jobs and considerable retail traffic to the area.   The groundbreaking for the new addition, which will house Guitar Center, the world’s single-largest supplier of guitars, amplifiers, drums,…

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CBRE’s Kristin Sexton Promoted to Senior Managing Director, Labor Analytics

CBRE Group, Inc. announced that Kristin Sexton has been promoted to Senior Managing Director with CBRE Labor Analytics, based out of Phoenix. In this new role, Ms. Sexton will oversee the development of innovative technologies designed to revolutionize companies’ real estate and growth strategies by incorporating their talent needs. “Kristin is a game changer in…

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Washington Federal Signs Long-term, 9,793 SF Lease at Scottsdale Spectrum

Washington Federal signed a 10-year, 9,793 SF lease at Scottsdale Spectrum, 6720 N. Scottsdale Rd., Scottsdale. Lease commencement is scheduled for Q3 2017. Lee & Associates Principals Adam Tolson and Jim Watkins represented the landlord, Globe Corporation, Scottsdale. Glenn Smigiel of CBRE procured Washington Federal., Seattle, WA. Washington Federal has 238 branches in the 9…

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SRPMIC Projects Have Big Impact on Valley Development Landscape

Valley Partnership has announced the topic for its March 17 breakfast. This month’s panel will discuss the Salt River Pima-Maricopa Indian Community’s (SRPMIC) impact on the Valley’s development landscape. Most recently, Ryan Companies US broke ground on a 271,000-square-foot, twinned office tower on 32 acres that will be the corporate regional headquarters for San Franciscobased…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,616-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Raising Cane’s – 20 Yr. NNN, a 3,616-square foot net-leased property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold…

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Pivotal Growth: Arizona Polymer Flooring Relocates Headquarters into State-of-the-Art Manufacturing Facility in Phoenix

Arizona Polymer Flooring (APF), a manufacturer of high-performance flooring products and concrete coating systems, is thrilled to announce it has relocated into a state-of-the-art, 50,000-square-foot manufacturing facility in Phoenix.   The mixed-use building, located near 43rd Avenue and Buckeye Road (4565 West Watkins Street), will feature an 18,000-square-foot production area, 18,000 square feet set aside…

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Two Albuquerque Apartment Communities Sold to Local Investor

Two Albuquerque apartment communities have been sold to a local, private investor.  The Continental Arms and Laurels at Uptown were purchased together as a portfolio in what real estate experts believe is an improving Albuquerque market for multifamily properties.   “The city’s economy is expanding with increases in job growth and multifamily vacancies have dipped…

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North Phoenix Apartment Community Trades for $14.35 Million

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Sterling on 28th, a 224-unit apartment community in Phoenix, Arizona. The sales price is $14.35 million. “Sterling on 28th is a well-positioned asset that recently received a multi-tiered capital plan…

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