NGKF now operates as Newmark Cornish & Carey in Northern California

Newmark Grubb Knight Frank, one of the largest global commercial real estate services businesses, and part of BGC Partners, Inc. announce that BGC has completed its previously announced acquisition of Cornish & Carey Commercial (“Cornish & Carey”), Northern California’s premier commercial real estate brokerage firm. Financial details of the transaction were not disclosed. BGC expects…

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VP Breakfast: Scottsdale—The West’s Most ‘Developable’ Town

Valley Partnership has announced the topic for its upcoming monthly breakfast on Friday, August 22nd. This month’s program will feature an update on current real estate conditions in Scottsdale. Panelists will discuss what’s been happening in “The West’s Most ‘Western’ Town” as well as future opportunities for the commercial real estate and development community. The…

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Colliers Releases Q2 Investment Report

Colliers International has released its Q2 2014 Greater Phoenix Investment Report. Among other news, the report states: Sales activity during the second quarter was mixed, with industrial and office properties gaining momentum, while sales of shopping centers and multi-tenant medical office buildings retreated. Distress sales are slowing, with stabilized properties accounting for a greater share…

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Colliers International Completes $3.5 Million Sale of Office Building in Scottsdale

Colliers International in Greater Phoenix recently completed a sale of a Class A, 22,345-square-foot office building in Scottsdale for $3.5 million, or $156 per square foot. Spensa Management, LLC, of Minnesota purchased the building, located at 8525 E. Pinnacle Peak Road, from K2H Pinnacle Peak Place, LLC, of Vancouver, BC, Canada. Mike Milic, Vice President;…

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Glimcher Breaks Ground on 170,000SF, Mixed-Use Building at Scottsdale Quarter

Glimcher Realty Trust has broken ground on Block M at Scottsdale Quarter, a six-story, approximately 170,000 square foot Class A, mixed-use building in North Scottsdale, Arizona. Located at the southeast corner of the high-end lifestyle center, the new tower will feature premier office space, above ground-floor retail plus an additional parking garage for both tenants…

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Plaza Companies Lands Property Management Contract for Medical Plaza in Glendale

Plaza Companies has been selected to manage property and construction services for a busy medical office building in Glendale. American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare) has retained Plaza Companies for its 45,289-square-foot Energy-Star rated property known as Arrowhead Medical Plaza II.  The three-story medical office building is located on the campus of Arrowhead Hospital at 18700 N. 64th Drive in Glendale.  Over the…

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JLL Secures Benchmark Tenant Lease at Airport I-10 Business Park

Wentworth Property Company/Clarion Partners and the Phoenix office of JLL have secured a benchmark 63,000-square-foot tenant lease commitment this week at Airport I-10 Business Park—one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix history. The lease, made by Illinois-based Anixter International, Inc., fills almost half of Airport I-10’s “Building E” months before…

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Cresa Phoenix Expands with Top Producing Corporate Real Estate Advisory Team

The largest and fastest-growing commercial real-estate tenant representation firm in North America, just got larger. Cresa Phoenix welcomes one of the most successful corporate real estate advisers in the Valley, Chris Walton. Walton will join Cresa’s global platform as a Managing Principal, along with Ryan Burkett as Vice President and Chris Ellington as Advisor. Alongside…

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Commercial Properties Inc. Announces Sale of a 10,672 SF Industrial Building in Chandler

Commercial Properties, Inc. announces the sale of a 10,672-sqaure-foot, freestanding, industrial building located in Arizona Corporate Center at 3215 N. Nevada St. in Chandler to E&E Tradeshow Rentals and Properties. Eric Jones and Leroy Breinholt of CPI’s Tempe Office represented the seller in this transaction. 3215 N. Nevada St. is a single-tenant building with a…

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Colliers International Sells Fletcher Heights Marketplace in Peoria for $3.15M

Colliers International in Greater Phoenix recently sold the 26,658-square-foot Fletcher Heights Marketplace in Peoria for $3.15 million, or $118 per square foot. Daniel Ortega, a vice president, and Larry Ortega, an executive vice president; both of Colliers International, represented the seller, LB-UBS 2003-C7 Fletcher Heights Marketplace, LLC, of Phoenix. The buyer, Eleven Investments, LLC, of…

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Colliers International Leases a Chandler Build-to-Suit to Crown Castle International

Colliers International in Greater Phoenix has recently completed the long-term lease of a 70,000-square-foot build-to-suit, Class A office property in Chandler. Crown Castle International, one of the country’s largest independent owners and operators of shared wireless infrastructure, will lease the building on the southeast corner of Germann Road and Stearman Drive in Chandler from developer…

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