Evergreen Development Expands into New Markets, Announces New President

In response to strategic growth and expansion into new markets, Phoenix-based Evergreen Development Company announced changes to its executive leadership structure. Effective April, 2017, Laura Ortiz will take the helm as the company’s new President. Ortiz has been a key member of Evergreen’s executive and leadership team since 2001 and assumes the role previously held…

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CBRE Completes $37.5 Million Sale of Scottsdale Executive Office Center

CBRE recently completed the sale of Scottsdale Executive Office Center, a 181,238-square-foot Class A office campus located at 15880, 15990 and 16100 North Greenway-Hayden Loop in Scottsdale, Ariz. Total consideration for the sale was $37.5 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Perry Investment Trust No.1, LLC, based in…

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Skanska Completing Work on New Dexcom Facility in Mesa

Skanska, one of the world’s leading construction and development firms, is finishing construction on phase one of Dexcom’s facility located at 232 S. Dobson Road in Mesa, Ariz. This 145,000-square-foot project is a build-out of an existing shell building. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space…

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Hilton Tucson East Hotel Celebrates Its 30-Year Anniversary With $8M Renovation Plan

The $8-million renovation for the Hilton Tucson Eastwas unveiled at a recent celebration commemorating its 30th anniversary. The Tucson Chamber of Commerce, Visit Tucson Tourism along with partners and guests were in attendance to mark this premier full-service business hotel’s three-decade milestone accommodating local and international guests to the Tucson region. Purchased in 2016 by a subsidiary of…

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Pondering President Trump’s Trade Policy and Impact on Industrial Real Estate

President Donald Trump’s focus on curbing the trade deficit by bolstering U.S. exports and reducing imports could drive policy changes that impact industrial real estate markets throughout the U.S., Cushman & Wakefield reported in a logistics and industrial research briefing released today. However, the report concludes that a trade war with China or U.S. withdrawal…

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Lincoln Property Co. Earns 2017 Best of NAIOP Honor for Luhrs City Center

Lincoln Property Company (LPC) has earned the 2017 Best of NAIOP “Redevelopment Project of the Year” for Luhrs City Center, a National Historic Landmark that incorporates 157,735 square feet of office and retail space, along with a Class A parking garage, at the southwest corner of 1st Avenue and Jefferson Street in the heart of downtown Phoenix. Since acquiring Luhrs…

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