Chip Kloppenburg Joins the Multifamily Team at Sperry Van Ness

Chip Kloppenburg has joined the successful multifamily team at Sperry Van Ness, LLC as a Senior Advisor. Kloppenburg brings over ten years of commercial real estate experience to the team, having worked previously with CBRE in Rochester, New York and Marcus and Millichap in Phoenix. Kloppenburg holds both the Certified Commercial Investment Member and Certified Exchange Advisor…

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Cushman and Wakefield: Phoenix Industrial Market Hits Healthy Equilibrium

The Metro Phoenix industrial market has reached a point of healthy equilibrium with overall vacancy at 11.8 percent and steady absorption, according to a report released today by Cushman & Wakefield of Arizona, Inc. “Transactions have become far more cooperative in this environment where landlords and tenants have reached a position of more equivalent expectations,”…

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Colliers International Completes $950K Office Sale in Phoenix

Colliers International in Greater Phoenix has recently completed the sale of a Class B office building in Phoenix for $950,000, or $79.40 per square foot. Phoenix-based John F. Long Properties LLP purchased the building, located at 1118 E. Missouri Ave., from Gillman, Kawecki, McCluskey and Windes Investment Partnership of Phoenix. Peter Nieman, an Executive Vice…

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NXP Semiconductors Leases 32,988 SF at Chandler Midway from ViaWest Group

The ViaWest Group announced today that NXP Semiconductors has signed a 10-year lease for 32,988 square feet of office space at Chandler Midway Corporate Center, 5670 W. Chandler Blvd. Built in 2007, the project is comprised of two class-A office buildings totaling 111,800 SF. ViaWest originally purchased Chandler Midway in December 2012. At the time…

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Geoffrey Harris Joins CBRE Capital Markets Division as Senior Vice President

CBRE Group, Inc. today announced that Geoffrey Harris has joined the firm’s Capital Markets’ Debt and Structured Finance team as Senior Vice President. Harris is a high performing financial services professional with more than 15 years of mortgage banking experience. Based in Phoenix, Harris will play a key role in originating net-leased transactions for the…

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Online Advertising Co-Op is Latest Progressive, Innovative Company to Sign Lease at SkySong 3

An advertising innovator changing the way companies advertise online will set up shop at SkySong 3 early next year. The company, adhesive.co, is relocating from east Indian School Road and will begin its five-year lease at SkySong on January 1. The layout of the space will be in line with the online ad company’s philosophy…

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Stephanie Sandro Named Director of Operations for Cushman & Wakefield of Arizona

Stephanie Sandro has been named Director of Operations for Cushman & Wakefield of Arizona. A proven administrative leader in a variety of industries, Sandro will oversee the financial, administrative and human resources operations for the company in Arizona. Sandro brings to Cushman & Wakefield more than 12 years of operational leadership, having most recently served…

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ZELL Commercial Real Estate Services Inc. Announces Big Retail Lease Transactions

ZELL Commercial Real Estate Services Inc. announces the following retail lease transactions: Real Estate Company Leases Office in Alma School Town Center Shops in Chandler Better Homes and Gardens Real Estate Move Time Realty, a residential realty company, has leased 2,273 square feet in Alma School Town Center Shoppes located at the northwest corner of…

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Gilbert Tuscany Village Welcomes Goodnight Pediatrics

Whitestone REIT, a fully integrated real estate company that owns, operates and re-develops Community Centered Properties, announced the opening of the fifth location of Goodnight Pediatrics, an all-night children’s urgent care facility, at its Gilbert Tuscany Village Property. Gilbert Tuscany Village is a family-focused center surrounded by young family residential developments with household incomes over…

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ORION Investment Real Estate Negotiates Sale of Former Cox Communications Building

ORION Investment Real Estate announced the closing of a single-story office/warehouse building, located at 160 S. MacDonald in Mesa, for $750,000 to Cardinal Capital Management, Inc. “The buyer plans to redevelop the site into an apartment community and wanted to be close to the future light rail stations,” says Nick Miner, Vice President at ORION.…

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Colliers International Completes $1.9M Sale-Leaseback for Arrowhead Health Centers

Colliers International in Greater Phoenix recently completed a sale-leaseback transaction for Arrowhead Health Centers’ location in Surprise for $1.9 million, or $309 per square foot. A buyer from Brooklyn, N.Y., purchased the property, 17061 N. Avenue of the Arts, Suite 100, from Scottsdale Office Properties (formed by Arrowhead Health Centers). Marc Bonilla, vice president of…

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TradeCor Purchases SAARS Building for $2.1M

U.S. commercial real estate services provider Cassidy Turley completed the $2.1 million ($247.06 per square foot) sale of Scottsdale Area Association of Realtors Building, a Class B office building at 4221 N. Scottsdale Road in the Scottsdale submarket. Cassidy Turley Managing Director Mark Bramlett, Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover…

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