Cushman & Wakefield Negotiates Black Canyon Location of Western Career Institute

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease bringing a new location of Western Career Institute to 7107 N. Black Canyon Highway. The educational institution has leased the entire 6,805-square-foot, freestanding building and plans to take occupancy at the end of this year. Western Career Institute of Tempe is among the leading teaching…

Details

Commercial Properties Inc. Announces Sale of 10,093 SF Industrial Warehouse Building In Mesa

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, recently brokered a 10,093 SF industrial warehouse building located at 1929 N. Rosemont in Mesa. Andy Jaffe, SIOR, and Rex Griswold of CPI’s Tempe Office represented both the buyer and the seller in this transaction. The reinforced concrete building was built in 2000, and…

Details

Colliers’ Forecast: Growing Renter Pool Fueling Investment Activity

The Greater Phoenix multifamily market recorded mixed performance in the second quarter, but the short-term volatility should not mask the favorable long-term strengthening in local operating conditions. Since 2000, the Phoenix market has experienced one of the steepest declines in homeownership among major markets in the U.S., creating tens of thousands of additional renter households.…

Details

Kitchell Development Acquires Site Near Sky Harbor Airport in Bid to Expand Presence

Kitchell Development Company acquired nearly 20 acres at Interstate 10 and 28th Street, just south of Sky Harbor Airport in Phoenix for an industrial development. “Over the years we have developed several types of commercial projects including retail business parks, and multifamily, depending on the market climate,” says Senior Director of Development Ryan Cochran. “We’re…

Details

Construction Employment Increases in 215 Metro Areas Between June 2013 & June 2014

Construction employment expanded in 215 metro areas, declined in 80 and was stagnant in 44 between June 2013 and June 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that uncertainty about a range of federal infrastructure and construction programs could weigh…

Details

Levrose/TCN Worldwide Releases Recent Transactions

Levrose Commercial Real Estate/TCN Worldwide has released the following list of completed sale and lease transactions. Sale Transactions: Zak Kottler negotiated the sale of a 38,806-square-foot office building located at 7722 E. Gray Road in Scottsdale. The buyer is Jett City, LLC. Lease Transactions: Kelly O’Dea facilitated the lease of 5,698 square feet of office…

Details