Cassidy Turley Completes $2.975 Million Sale of Warehouse Building

Cassidy Turley, a leading commercial real estate provider in the U.S., announced that it completed the sale of a ±30,240-square-foot industrial warehouse building at 5010 South 48th Street in Phoenix. Northcom 44, LLC (Logan, UT) purchased the property for $2,975,000 ($98.37 psf) from Sandy Point Partners, L.P. (El Paso, TX). Cassidy Turley Arizona’s Michael Haenel…

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Cassidy Turley Completes $12.1 Million Sale of Sky Harbor Towers

Nov. 21, 2013- Cassidy Turley, a leading commercial real estate provider in the U.S., announced they successfully sold Sky Harbor Towers, a ±273,623-square-foot class A office project at 4605, 4615, 4635 East Elwood Street in Phoenix. Orsett Properties, Ltd (Phoenix, AZ), purchased the property for $12,100,000.00 ($42.66/psf) from REO Asset Manager, John Mitchell, of LNR…

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DSW Designer Shoe Warehouse Signs 20,000-Square-Foot Lease at Tempe Marketplace

Nov. 20, 2013 – CBRE has negotiated a 20,000-square-foot lease at Tempe Marketplace in Tempe, Ariz on behalf of DSW Designer Shoe Warehouse. Todd Folger with CBRE’s Phoenix office negotiated on behalf of DSW. David Malin, director of acquisitions and development for Vestar, Inc. represented Tempe Marketplace. “This transaction continues to show the overall improvement…

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Infill Residential Opportunities Attract Out-of-State Builder/Investor

Nov. 20, 2013- The recovering Phoenix homebuilding market has flexed its muscle once again, prompting a new joint venture that links local real estate development veterans Steven Pritulsky and Paul Timm, and their company New Leaf Communities, with long-time Southern California-based builder Watt Communities. The venture, Watt Communities of Arizona, has closed on two infill…

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CBRE Negotiates 65,502-Square-Foot Lease at Desert Canyon Campus

Nov. 20, 2013- CBRE has negotiated a 65,502-sqare-foot office lease at Desert Canyon 200 in Phoenix, Ariz. The three-story, class A office building located on Desert Canyon Campus will be the new home of Matrix Absence Management’s U.S. headquarters. Jim Bayless, Ashley Brooks and Jenny Aust of CBRE’s Phoenix office represented the landlord, REEF Desert Canyon,…

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Arizona State Land Department Sells Trust Land to City of Scottsdale for $21.3 Million

Nov. 19, 2013-  The Arizona State Land Department auctioned 2,365 acres of State Trust land to the City of Scottsdale for $21.3 million. Scottsdale purchased the land, located south of the Bell Road alignment, between the 120th and 136th street alignments to add to its McDowell Sonoran Preserve.  “This is one of several significant auctions…

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Lincoln Property Company Earns Honors; Grows Management Portfolio to Highest Point in Office’s History

Nov. 19, 2013- The Desert West Region of Lincoln Property Company (LPC) this week pushed its management portfolio to the highest point in the office’s history with the assignment of 7025 North Scottsdale. Under the leadership of new Director of Management Services Alisa Timm, the firm also retained 100 percent of its nearly 6 million-square-foot…

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Lee & Associates Arizona Promotes Industrial Broker McDougall To Principal

Nov. 19, 2013– Lee & Associates Arizona is pleased to announce the promotion of Matt McDougall to Principal. Matt joined Lee as an Associate nearly three years ago and has garnered the respect of his peers as well as having achieved several sales benchmarks to achieve his promotion. Matt’s extensive knowledge of the Phoenix industrial market is complemented through analysis and…

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Colliers International Completes $6.53 Million Sale of Sonoma Place Apartments in Peoria

Nov. 18, 2013- Colliers International in Greater Phoenix recently completed the $6.53 million sale of the 100-unit Sonoma Place, located at 11600 N. 75th Ave. in Peoria, for $65,300 a unit, or $80.33 a square foot. Denver-based Investment Property Exchange Services acquired Sonoma Place from Mentor Properties of Scottsdale. Bill Hahn, Jeffrey Sherman and Trevor…

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Colliers International Expands Investment Services Platform

Nov. 15, 2013- Colliers International in Greater Phoenix has expanded its investment services platform with the addition of Steven Gonzalez, senior vice president of investments. Gonzalez is partnering with Marcus Muirhead, associate vice president; and Greg Guglielmino, senior associate, to form an investment team, specializing in the disposition of single- and multi-tenant office and medical…

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