Liberty Property Trust Signs More than 500,000 Square Feet of Leases in Arizona to Date in 2014

Liberty Property Trust today announced that it has signed a lease with Green Light Direct Services at Liberty Tolleson Center, bringing the 200,000 square foot project to 100% occupancy. Green Light Direct Services will move into its new location, 8601 W. Washington Street, in October. Rick Collins of CD Commercial Advisors represented Green Light Direct…

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Commercial Properties Inc. Announces Sale of 10,992-Square-Foot Retail Building in Mesa

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 10,992-square-foot freestanding, retail building located at 1021 E Main Street in Mesa, Arizona to Northern Partners Holding, LLC. Rex Griswold of CPI’s Tempe Office represented both the buyer and seller in this transaction. 1021 E Main…

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Glimcher Breaks Ground on +170,000-Square-Foot Mixed-Use Building at Scottsdale Quarter

Glimcher Realty Trust has broken ground on Block M at Scottsdale Quarter, a six-story, approximately ±170,000 SF Class A, mixed-use building in North Scottsdale, Ariz. 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 and…

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ARA Phoenix Closes $35 Million Deal on 385-Unit Villa Encanto

ARA Phoenix recently completed the sale of Villa Encanto, a 385-unit apartment community in Phoenix, Arizona. Brad Goff, Principal, and David Lord, Senior Vice President, represented the seller in the transaction. The investment highlights include a northeast Phoenix infill location with high barrier to entry and value-add opportunity for buyer to begin interior renovations. Villa…

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Colliers International Completes 1,166-Unit Portfolio Sale of Four Multifamily Value-Add Properties in Tucson

Colliers International in Greater Phoenix recently completed the sale of four Class B multifamily value-add properties in Tucson for $34.65 million for the 1,166-unit portfolio. Omninet Capital, LLC, of Beverly Hills, Calif., purchased the four properties from Gaines Investment Trust of La Jolla, Calif. The portfolio, Omninet’s first acquisition in Tucson, included: Sedona Springs, 373…

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Voit Real Estate Services Directs $9,275,000 Sale of 109,684-Square-Foot Industrial Property in Phoenix

Darren Tappen, Senior Vice President, Aric Adams, Vice President, and Mike Kasulaitis, Vice President of Voit Real Estate Services’ Phoenix office successfully directed the $9.275 million sale of a 109,684-square-foot industrial warehouse in Phoenix, on behalf of the buyer, Dunbar CBC, LLC, an affiliate of El Segundo, California-based Dunbar Real Estate Investment Management.  The buyer,…

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Cushman & Wakefield Negotiates 14,278 SF Office Lease at Camelhead Square

Cushman & Wakefield of Arizona, Inc. negotiated a 14,278 square foot lease at Camelhead Square, 3033 N. 44th St., bringing the property to 80 percent capacity. This is a new lease for DriveTime Automotive Group, Inc., the leading used vehicle retailer in the United States, providing additional office space for their expanding business. Other tenants…

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De Rito Partners Welcomes Christine Zeihen as Chief Operating Officer & President of De Rito Opportunity Investors, LLC.

De Rito Partners, comprised of five entities including one of Arizona’s largest retail brokerage firms, announced today that Christine Zeihen has joined the company as Chief Operating Officer & President of De Rito Opportunity Investors, LLC. For over 30 years, Ms. Zeihen has provided outstanding leadership and guidance for several of Arizona’s largest and most…

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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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