CBRE Negotiates $22.825 Million Sale of Northgate Corporate

CBRE has negotiated the sale of Northgate Corporate Centre located at 2625 W. Grandview Rd. in Phoenix, Ariz. The ±131,850-square-foot, single tenant class A office building commanded a sale price of $22.825 million. Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the transaction. The seller was Najafi Companies, an international private investment firm…

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Real Estate Capital Advisory Firm Expands Practice with Metro Phoenix Industry Veteran

Land Advisors Capital, a Scottsdale-based real estate capital advisory firm, proudly welcomes Jeff Carlson, bringing over 30 years of experience in real estate asset and loan portfolio management, investment and valuation.   Carlson brings a valuable combination of significant loan portfolio management and homebuilding expertise to the firm. As former Managing Partner for ParCap, Jeff…

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24 Brokers Promoted at Colliers International

Colliers International in Greater Phoenix has promoted 24 brokers, including three to senior executive vice president and 10 to executive vice president. Colliers announced the new positions and titles during a January 15 company meeting. Each year, Colliers promotes brokers in the first quarter. “The promotions recognize the dedication, talent and expertise of our brokers…

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Lee & Associates Sells Tucson Whole Foods-Anchored Shopping Center for $24.8 Million

  River Center, a 117,563 SF Whole-Foods and Petco anchored shopping center at 555 E. River Rd. in Tucson, has sold for $24.775 million. The sale posted a cap rate of 5.5 percent. The January 9 closing was led by Lee & Associates Arizona principals Patrick Dempsey and Jan Fincham. The buyer was Global Retail Investors, LLC, a subsidiary of…

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David Kross to Oversee Project Management of Regional Development Efforts for Irgens Regional Development Team

Irgens is pleased to announce the addition of David Kross to the position of Development Director. Kross will apply his more than 15 years of experience in commercial real estate to help Irgens expand its development efforts in the greater Phoenix market and the southwest region. Kross will be responsible for overseeing all elements of…

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Plaza Companies’ Brokerage Services Team Ends Strong Year With $28 Million in New Leases for 2013

Plaza Companies’ Brokerage Services Team, which expanded dramatically in 2013, ended the year with strong leasing numbers that bode well for continued momentum in 2014.   The leasing activity included a total $28 million in new deals from 13 new and renewed leases comprising of almost 320,000 total square feet, as the commercial and medical office real estate market continued its recovery…

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ORION Investment Real Estate Negotiates Sale of Retail Shopping Center for $2.82 Million

ORION Investment Real Estate is pleased to announce the closing of Desert Sky Station shopping center located at 7920 West Thomas Road in Phoenix, Arizona for $2,820,000 ($155 per SF) to the Strough Family Trust based in the San Francisco, CA. “This property sale is a perfect example of a recovering investment market in Phoenix” explains…

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City of Tucson to Sell Surplus Land for Development; First Three Major Parcels Brought to Market by CBRE

CBRE has been awarded the marketing assignment for several major land parcels in Tucson Arizona owned by the City of Tucson which have been declared surplus by Mayor and Council. The first three parcels, located at the northeast, southeast and southwest corners of the new Kino Parkway Overpass and 22nd Street intersection, were brought to…

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Momentum Continues For SkySong as 2014 Begins

SkySong, The ASU Scottsdale Innovation Center is off to a strong start in 2014, with a new addition and significant construction progress on its third office building. LearnVest (www.learnvest.com) has become the latest addition to SkySong. The company, which provides personalized online financial planning services, has leased a 5,160 RSF space on the third floor of SkySong 2, bringing the total occupancy of…

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