Lincoln Property Co. Adds 2777 Camelback to Class A Phoenix Office Portfolio

With a $24.65 million purchase, Lincoln Property Company (LPC) has added 2777 Camelback to its Class A Phoenix office portfolio. The 104,618-square-foot building is located at 28th Street and Camelback Road, in a section of the Camelback Corridor undergoing a wave of new development. The acquisition brings LPC’s metro Phoenix Class A office portfolio to more than 3.5…

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BERKADIA COMPLETES $12,050,000 SALE OF PHOENIX MULTIFAMILY PROPERTY

Berkadia today announced the sale of The Monarch, a 120-unit multifamily property located at 77 West Coolidge Street, Phoenix, Arizona. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Senior Director Dan Cheyne, and Associate Tom Wolff of the Berkadia Phoenix office exclusively listed the property and completed the sale on February 24, 2017 for…

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IPA Sells Suburban Phoenix Multifamily Complex for $28.75 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Palm Trails Apartments, a 203-unit apartment community in Chandler, Arizona. The $28.75 million sales price equates to $141,626 per unit. “During the past year, the seller, Stratford Partners,…

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Phoenix-Based Vestar Selected to Manage Premier San Diego County Retail Center

Vestar, one of the leading privately held real estate companies in the western United States, has been retained as the property management firm for Plaza Paseo Real, a 147,848-square-foot grocery anchored neighborhood shopping center in Carlsbad.  Vestar is currently managing more than two million square feet of retail space in the San Diego area including…

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Vestis Group completed the sale of MODE @ 38th Street Apartments, a 15-unit multifamily community, located at 3122 N 38th Street in the Arcadia-area of East Phoenix for $2,500,000

Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 38th Street Apartments, a 15-unit apartment complex located at 3122 North 38th Street, in the Arcadia-area of East Phoenix for $2,500,000 or $166,667 per unit. “MODE Arcadia @ 38th Street is located near several Arcadia neighborhood restaurants, coffee…

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Lewis Roca Rothgerber Christie adds to litigation group

Roy Herrera has joined Lewis Roca Rothgerber Christie LLP as Of Counsel in the firm’s Litigation practice group. Herrera’s background includes representing clients in complex litigation, including matters involving class actions, securities and business disputes. He has also represented clients in white collar criminal defense matters and government enforcement actions.   His experience also includes…

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WARE MALCOMB ANNOUNCES PROMOTION OF KEVIN EVERNHAM TO PRINCIPAL OF PHOENIX OFFICE

Ware Malcomb, an award-winning international design firm, today announced Kevin Evernham has been promoted to Principal of the firm’s Phoenix office. In this role, Evernham will be responsible for the overall growth and management of the firm’s business in Phoenix.   “Kevin has done an outstanding job of maintaining Ware Macomb’s existing clients while adding new clients and project types to the…

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Daum Names Top Producers for 2016

David Wilson, Robert Lundstedt and Chris Rodgers of Daum Commercial Real Estate Services of Phoenix have been named top producers for 2016.   “Daum Phoenix had another great year and our top-performing executives provided expertise to advise corporations and investors with strategic and optimal real estate solutions,” said Steve McKendry, executive vice president/principal of Daum…

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CONSTRUCTION SPENDING SLIPS IN JANUARY AS PUBLIC INVESTMENTS IN INFRASTRUCTURE “TUMBLED” WHILE PRIVATE CONSTRUCTION DEMAND CONTINUES TO GROW SOLIDLY

Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America. Association officials said the January data indicates the need for new public investments in infrastructure along the lines of the…

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Cushman & Wakefield Sells Deer Valley Industrial Property for $4.75 Million

 Cushman & Wakefield announced today the $4.75 million sale of an industrial property located at 1733 W. Parkside Lane in Phoenix. Los Angeles-based West End Hotel, LLC purchased the 36,907-square-foot (SF) building from Accutron Real Estate Holdings, LLC of Phoenix. Cushman & Wakefield’s Executive Directors Rick Danis, Kent Hanson and Paul Boyle represented the seller.…

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Lee & Associates Negotiates 16,299 SF Lease at 2600 Tower in Midtown Phoenix

CMOC International has recently signed a 7-plus year, 16,299 SF offi  ce lease at 2600 Tower, 2600 N. Central Ave., Phoenix. Lee & Associates Associate Michael Marsh, Principals Craig Coppola and  Andrew Cheney and Associate, Gregg Kafka, negotiated the transaction on behalf of CMOC. JLL brokers represented the property ownership, Adler Realty Investments, Inc., Woodland…

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Insignia Commercial Real Estate Joins Sperry Commercial Global Affiliates as First Phoenix Affiliate

Sperry Commercial Global Affiliates, LLC has announced that Insignia Commercial Real Estate, a leading Phoenix- based brokerage firm, has joined as its newest affiliate in Phoenix. Under the direction of Neil Sherman, Managing Director, Insignia has garnered a highly successful track record of $2.7 billion in closed transactions throughout the Arizona market over the past…

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