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…

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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…

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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…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,185-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Bahama Buck’s – 20 Yr. Ground Lease, a 2,185-square foot net-leased property located in Laveen, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for…

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Daum Negotiates 41,300-square-foot ABUS USA Lease for Office/Warehouse Operations in Phoenix

Daum Commercial Real Estate Services has negotiated the lease of a 41,300-square-foot office/warehouse facility located at 23910 N. 19th Avenue in Phoenix. Chris Rogers, Trevor McKendry and Jerry Hillery of Daum Phoenix, represented the lessee, ABUS USA LLC with headquarters in Wetter, Germany. ABUS provides a range of innovative solutions for home security, safety lockout,…

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New $25M, 77,000 SF Retail & Dining Destination To Redefine Downtown Chandler Intersection

Sharp, modish curb appeal is underway at Overstreet, Downtown Chandler’s imminent shopping, dining and entertainment destination expected to open in December 2017, injecting an invigorating new lineup of restaurants, retailers and entertainment options plus an influx of new jobs to the area. “With a signed agreement in place, we’re now ready to move forward with…

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Phoenix Apartment Complex Trades for $11.3M in Off Market Transaction

Desert Place Apartments recently sold for $11,300,000 ($43,462/unit). The 260-unit property spans across ±7.83 acres with excellent frontage along 27th Avenue. Near the I-17 Black Canyon Freeway, Desert Place has easy access to freeways, schools (Grand Canyon University), hospitals (Abrazo Medical Group – Bethany), shopping (Christown Spectrum Mall) and dining. The property is located in…

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