CBRE Multifamily Investment Group Completes $1.8 Million Sale of Rose Garden Apartments in East Phoenix

CBRE has negotiated the following multi-family sales transaction: • Arcadia Place Condominiums LLC from Scottsdale, Ariz. has purchased Arcadia Rose Garden condominiums, a 30-unit multi-family property located at 3445 North 36th Street in Phoenix from TSR, Inc., also of Scottsdale. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and the seller…

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NAIOP ARIZONA GARNERS THREE NATIONAL AWARDS, CREECY-HERMAN HONORED AS CHAIRMAN OF THE YEAR

Megan Creecy-Herman was named most outstanding chairman of the year and NAIOP Arizona earned two additional national awards Tuesday night at the industry organization’s annual meeting in Washington, D.C. Creecy-Herman, NAIOP Arizona’s 2014 chairman, was honored with the prestigious national award for Outstanding Leadership by A Chapter President. Creecy-Herman was the first woman to serve…

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NorthMarq Capital arranges $13 million refinance of 19th & Pinnacle Peak Commerceplex in Phoenix

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based office arranged refinancing of $13 million for 19th & Pinnacle Peak Commerceplex – Phase II, a 186,286 sq.ft. warehouse/distribution center located at 23610 and 23620 North 20th Drive in Phoenix.…

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Colliers International Completes $1.57 Million Land Transaction Designated for Multifamily Use in Chandler

Colliers International in Greater Phoenix recently completed the $1.575 million sale of 4.91 acres ($7.37 per square foot) of land zoned for multifamily in the heart of Chandler. MPC Development LLC of Phoenix purchased the land, located on Alma School Road between Chandler Boulevard and West Fry Road, from Grossman/Robson Associates of Phoenix. The seller…

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Redevelopment Draws National Tenants to Coralwood Center; HomeGoods and Ulta Join as Anchors

Stiles Realty, a division of Fort Lauderdale-based full-service real estate firm Stiles, announced 57,829 square feet of leasing activity at Coralwood Center, one of the largest power centers in Cape Coral, Florida. National retailers HomeGoods and Ulta signed new leases totaling 33,819 square feet in Q4 2014. At the same time, anchor tenant Bealls Outlet…

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Colliers International Completes $3.2 Million Sale of Siete II Building in Phoenix

Colliers International in Greater Phoenix recently completed the sale of the Class B, 54,072-square-foot Siete II building in Phoenix for $3.2 million. Orsett Acquisitions LLC of Phoenix purchased the building, located at 3707 North 7th Street, from UFB Development Corporation of Indianapolis. Both parties were represented by the Colliers Office Solutions Group: Phil Breidenbach, executive…

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Colliers International Hires Project Management Expert With 22 Years of Experience

Colliers International in Greater Phoenix has hired Bruce Herr to serve as its new Director of Project Management to streamline the design and construction of clients’ real estate projects. From start to finish, Herr will oversee the scheduling and budgeting of projects and coordinate efforts of team members including architects, general contractors and vendors. Herr…

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HINES RECYCLES 100% OF ELEVATION CHANDLER

Hines, the international real estate firm, has recycled 100 percent of the materials from Elevation Chandler after demolishing the unfinished structure in November. More than 9,300 tons of concrete and 130 tons of steel (rebar and wire cable) were recycled. BCS Enterprises of Gilbert oversaw the recycling and razing of Elevation Chandler. “Demolishing and recycling…

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Cushman & Wakefield Named Exclusive Leasing & Property Management Company for The Towers Emeryville

KBS Real Estate Investment Trust III (KBS REIT III), a real estate investment trust based in Newport Beach, Calif. has awarded Cushman & Wakefield the exclusive leasing and property management contracts for The Towers in Emeryville, Calif, located on Emeryville’s prestigious waterfront. Spearheading all leasing efforts for the 815,000-square-foot project are a seasoned C&W brokerage…

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