Liberty Property Trust Closes Seven Deals in Arizona in the First Quarter 2014 as Activity Remains High

Liberty Property Trust today announced it has closed seven lease agreements totaling approximately 425,000 square feet during a very strong first quarter of 2014. “We are extremely pleased to announce this record level of lease transactions in Arizona,” said John DiVall, senior vice president at Liberty. “Our high volume of activity includes new leases and tenant…

Details

Parkway Properties Commences Construction on Hayden Ferry III

Parkway Properties, Inc. (NYSE: PKY) announced today that it has commenced construction of Hayden Ferry III, a 261,000 square foot, Class A development in the Tempe submarket of Phoenix, Arizona.    Hayden Ferry III will be the final phase in Parkway’s 780,000 square foot master planned office community.  The 10-story property will be located along the south shore of…

Details

Construction Complete and Grand Opening Taking Place on Tuesday at SkySong Apartments Scottsdale

Construction has been completed on the SkySong Apartments Scottsdale, with a Grand Opening Event taking place on Tuesday evening.   The final phase of the 325-unit community is now available for lease, completing the approximately 19-month construction period. The apartments are already enjoying strong leasing both to people who work within the project and those who want to live in this dynamic area…

Details

GPE Companies’ Growth Prompts Appointment of Brooke Askew-Rossi to Chief People Officer

To keep pace with expanding business operations, GPE Companies today appointed Brooke Askew-Rossi to Chief People Officer. Askew-Rossi, who joined the firm in 2007, was formerly the director of business development and employee engagement. In her new role, Askew-Rossi will manage human resources, and oversee talent management and acquisition. She will also continue her previous…

Details

AVANA Capital To Serve as Gold Sponsor of 2014 National Association of Certified Development Companies Annual Meeting (NADCO)

AVANA Capital will serve as a Gold Sponsor of the 2014 NADCO Annual Meeting, and will have a significant presence at the important event.   The conference, which will be held from April 30 to May 3, 2014 at the historic Broadmoor Hotel in Colorado Springs, Colorado, is a key gathering for information and education surrounding the Small Business Administration’s Real Estate…

Details

CBRE Multi-Housing Private Capital Group Negotiates Sale of Missouri Breaks Apartment Complex in Phoenix, Ariz.

CBRE has negotiated the following multi-family sales transaction. EQ Missouri 51, LLC of Tempe, Ariz. has purchased the Missouri Breaks apartment complex, a 52-unit multi-family property located at 1637 E. Missouri Ave. in Phoenix, from 1637 E. Missouri Avenue, LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating the $2.1…

Details

113,880 SF Industrial Showroom Project to Break Ground in May in Deer Valley

The 17/Union Hills Business Center, a two-building, 113,880 SF industrial and showroom project is expected to break ground in May 2014 at 2350-2400 West Union Hills Drive in Phoenix. The multi-tenant project consisting of 61,320 SF and 52,560 SF buildings will feature 24’ clear height, dock and grade level loading, ESFR fi re protection and fenced truck courts. Space…

Details

Land Advisors Organization’s Recent Closed Deals

POMEGRANATE FARMS | Marana, Arizona   Offering: 580 acres Location: South of Ryan Field and State Highway 86 (Ajo Way), Marana, Arizona Sales Price: $4,200,000 Seller: IMH Special Asset NT 140 Buyer: Pomerol Land II Agents: Will White, Greg Vogel WALDRON FARMS AT SOUTH MOUNTAIN | Phoenix, Arizona   Offering: ±43.5 acres Location: S/SEC Southern Avenue and 24th Street, Phoenix, Arizona Sales Price: $4,065,500 Seller: Waldron’s…

Details

Alliance Residential Continues To Earn Industry Accolades For Growth As A Top Multifamily Owner/Manager

Alliance Residential was recently named to the National Multi Housing Council’s (NMHC) 2014 NMHC 50 list of the nation’s largest apartment owners and managers.   Moving up a spot from last year’s NMHC 50 ranking, Alliance is the 9th largest apartment management company in the nation with more than 71,000 units. Now in its 25th year, the…

Details

NorthMarq Capital Negotiates $3.2 Million Acquisition of Calle Central Apartments in Phoenix, Ariz.

John M. Stewart, senior vice president and Dan Zale, investment analyst of NorthMarq Capital’s Denver based regional office secured the $3.2 million acquisition of Calle Central Apartments, a 128-unit multifamily property located at 8818 South Central Avenue, Phoenix, Ariz. The transaction was structured with a 3-year term and 20 year amortization schedule and was arranged…

Details

Jewelry Design Firm Takes 30,500 SF of Flex Space in Scottsdale Airpark

South Hill Design Corp., a jewelry design and marketing fi rm has leased 30,500 SF of fl ex industrial space on a 5-year term at 7400 E. Tierra Buena Ln., Scottsdale. The landlord, Hewson Development Corp. and GH Scottsdale I was represented by Mark Linsalata, Principal with Lee & Associates. John Quatrini with Shell Commercial secured the tenant. The newly…

Details

Newmark Grubb Knight Frank Completes $1.8 Million Industrial Sale

    Newmark Grubb Knight Frank (NGKF) negotiated the $1.8 million sale of 4250 East Broadway Rd, a 38,000 square-foot Industrial building, in Phoenix, AZ. Rob Stephens, Managing Director and Tricia Gumulka, Associate Director with NGKF’s Phoenix office represented the seller, Sorenson Group Management. The buyer, Forever Nutraceuticals, a worldwide distributor of vitamins was represented…

Details