CBRE Completes $44.15 Million Sale of Two Premier Class A Office Buildings Totaling ±223,131 SF in Scottsdale

CBRE has negotiated the sale of two premier class A office buildings in the Phoenix metro area for a total consideration of $44.15 million. The sale included the ±106,931-square-foot Scottsdale Gateway I, located at 9201 E. Mountain View Rd. in Scottsdale, and the ±116,200-square-foot 92 Mountain View, located at 10001 N. 92nd St. in Scottsdale.…

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Heart and Vascular Center of Arizona Purchases Talavi Business Park for $2.3M

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the $2.3 million ($98.12/psf) sale of Talavi Business Park, a Class B office development at 5810 West Beverly Lane in the Glendale Submarket. Ironwood Glendale, LLC purchased the property for from California-based Coneen Family Trust. Executive Managing Director Eric Wichterman and Senior…

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Trade Show Co. Signs 7-Year, 75,660 SF Lease at Phoenix Industrial Building

Conference Services International (CSI), a national trade show and exposition contractor, signed a 7-year lease for 75,660 SF at 4802 W. Van Buren St. in Phoenix. Move-in is expected on Sept. 1. Lee & Associates Arizona principals Stein Koss and Tom Louer worked diligently to secure this transaction by negotiating key concessions to bring about a mutually-agreeable outcome. The…

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John Strittmatter Named Chairman of Ryan Companies Southwest Division

Ryan Companies US, Inc. CEO Pat Ryan announced today the promotion of longtime SouthWest Division President John Strittmatter to Chairman of the SouthWest Division. Strittmatter opened Ryan’s Phoenix office as its President in 1994 with just two employees. Today the company employs 125 in its Phoenix and San Diego offices and has been responsible for the construction and development…

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Weebly Opens North American Customer Operations Headquarters, Leasing 25,000 SF In Scottsdale Office Building

Weebly, a website creation service based in San Francisco, has signed a 25,000-square-foot office lease at the Galleria Corporate Centre, 4301 N. Scottsdale Rd. The office space will serve as the company’s North American customer operations headquarters to support its growing customer base. Weebly’s expansion to Scottsdale will have a significant impact on the city’s…

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Lee & Associates Negotiates $6 Million Deer Valley Self-Storage Condo Facility

A 120,000 SF portion of Premier Storage, a 218,748 SF self-storage condominium development located at 22230 N. Black Canyon Highway, has been sold for $6 million, or $50 per square foot. The 180 unit, value-add property was lender-owned. Nate Bubeck and Jerry Marrell of Lee & Associates Arizona represented the buyer, Premier Storage Holdings, LLC. Paul Timm of Trust Realty…

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Plaza Companies Expands and Enhances Its Growing Brokerage Services Team to Meet Expanded Portfolio

  Plaza Companies has expanded and enhanced its Brokerage Services team to better serve the company’s growing portfolio.   Plaza Companies has a 32-year track record as a leader in development, acquisition, management and leasing of medical office, senior living and research and biotechnology properties. The expanded team has attracted significant new talent which will strengthen already established affiliations as well as draw…

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Commercial Properties Inc., Is Pleased To Announce The Sale Of A 74,514 SF Industrial Property In Gilbert

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 74,514 SF industrial property located at 1620 W. Sunrise Blvd., in Gilbert Arizona.  Jeff Hays, Chad Neppl, and Jim Stockwell and Mike Goldwater of CPI’s of Tempe Office handled both side of the deal. Jeff Hays…

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Parallel Capital Partners Leases Nearly 100,000 Square Feet of Commercial Space at Landmark Phoenix High Rise

    Following a nearly $3 million renovation of the landmark US Bank Center in downtown Phoenix, Parallel Capital Partners has renegotiated nearly 100,000 square feet and more than $25 million in total lease consideration with existing tenants Valley Metro Rail Inc. (57,074 square feet renewed to 2026); Xerox (31,861 square feet renewed to 2020);…

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CBRE Negotiates Sale of Southbank Business Center in Phoenix; Buyer to Renovate and Reposition Asset for Market

CBRE has completed the sale of a Southbank Business Center located at 3279, 3401, 3411 and 3421 E. Harbour Dr. in Phoenix. Financial terms of the sale of the four-building, 108,285-square-foot industrial/flex property were not disclosed. Mike Parker and Evan Koplan with CBRE’s Phoenix office represented the buyer, Newport Beach, Calif.-based Turner Real Estate Investments.…

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CBRE Releases Recent Leasing Transactions in Metropolitan Phoenix

CBRE’s Phoenix office has released the following recent leasing transactions for the metropolitan area: Wells Fargo Tenant Advisors has renewed a 5,000-square-foot lease for office space at 12515 W. Bell Rd. in Surprise, Ariz. Kevin Calihan with CBRE’s Phoenix office represented the tenant. The landlord, Nellis Family Investments, LLC, was represented by Alan Davidson with…

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Transwestern Expands Phoenix Multifamily Team With Addition Of Financial Analyst Derek Iannelli

Transwestern today announces Derek Iannelli has joined its Phoenix office as a financial analyst on the multifamily investment services team. Iannelli will bolster the firm’s capabilities by providing financial modeling, analytical and consultative services to Transwestern’s multifamily clients in the Greater Phoenix area. “We are incredibly excited to bring Derek’s talent and expertise to bear…

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