CBRE SELLS EL PASO INDUSTRIAL PORTFOLIO TO PHOENIX FIRM

CBRE announces the sale of a four-building, 245,745-square-foot industrial portfolio in El Paso, Texas, on behalf of New York-based Sullivan Crosby Trust. Phoenix, Arizona-based ViaWest Group purchased the portfolio in an off-market transaction for an undisclosed price. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora, with CBRE’s El Paso office, represented…

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VanTrust Hires Tracy Hammer as Senior Director, Development Services

VanTrust Real Estate, LLC is excited to announce that Tracy Hammer has joined the firm as its new Senior Director of Development Services, supporting VanTrust Real Estate’s projects across the southwest. Prior to joining VanTrust, Hammer spent ten years with McShane Construction Company as Vice President overseeing their western region including expansion into California and…

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Laurus Corporation Acquires Scottsdale Trophy Office Building

Laurus Corporation, a U.S.-based private real estate investment and development firm, has acquired Canyon Village, a 93,890-square-foot, four-building, institutional quality office park, occupying approximately 5.6 acres in the heart of DC Ranch, a mixed-use development, in North Scottsdale, Arizona. The building is approximately five minutes from the Loop 101 Pima Freeway, the primary Scottsdale access…

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Local Developers Team Up to Renovate 1950’s Era Building into “The Colony,” a Vibrant Restaurant & Retail Destination in the Emerging

Western Vertical Holdings, a company formed by Bob Agahi and David Sellers, has begun construction on Phase 1 of The Colony, an adaptive re-use project located on 7th Street just north of Missouri Avenue in Phoenix. The Herb Box, innovative world cuisine with locations in Old Town Scottsdale and North Scottsdale; Stock & Stable, an…

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Investors Warranty of America, Inc. Sells Security Title Plaza in Phoenix for $18 Million

DTZ, a global leader in commercial real estate services, announced today that Investors Warranty of America, Inc., a subsidiary of AEGON USA, has sold Security Title Plaza, 3636 N. Central Avenue in Phoenix. Heckethorn Towers, LLC, a unit of Reven Capital of La Jolla, CA, purchased the 219,032 square foot, 12-story office tower for $18…

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Colliers International Hires Senior Associate in National Investments Sector

Colliers International in Greater Phoenix recently hired Norah Brennan as a senior associate in the area of national institutional investment sales and single tenant net leased assets. Brennan has worked in commercial real estate for four years, three of those years with Colliers International’s Sacramento office. Her transactions totalled more than $65 million last year.…

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LGE Design Build Appoints Swen Anderson VP of Business Development

LGE Design Build has hired Swen Anderson to serve as vice president of business development to grow the company’s relationships with current and potential clients, economic development officials and industry leaders. Anderson also will cultivate projects in existing sectors such as healthcare, industrial/warehouse, office, medical, education restaurant and retail while helping LGE expand in the…

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Cushman & Wakefield Advises TIBCO Software in Biggest Sale in Palo Alto History

Cushman & Wakefield announced today that it closed on the sale-leaseback of a 292,000-square foot office / R&D campus located at 3301-3307 Hillview Avenue in Palo Alto’s Stanford Research Park. Morgan Stanley’s Prime Property Fund purchased the property in what was the largest sale transaction in Palo Alto history. Universally recognized as the birthplace of…

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