CBRE Awarded Marketing & Leasing Assignment for Innovation Park

CBRE has been awarded the marketing and leasing assignment for Innovation Park in Tucson, Ariz. The 535-acre, master-planned business park in sits in the heart of Tucson’s bio-science region in Oro Valley, Ariz. A collaborative team of brokerage professionals with CBRE’s Tucson office will handle the marketing and leasing of the property for owner/developer, Venture…

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CBRE Completes $20.55 Million Sale of Fountain Hills Plaza in Fountain Hills, Ariz.

  CBRE has completed the sale of Fountain Hills Plaza in Fountain Hills, Ariz. The 111,289-square-foot grocer and hardware store anchored retail center commanded a sale price of $20.55 million. Glenn Smigiel, Bob Young, Steve Brabant and Rick Abraham of CBRE’s Phoenix office represented the seller, J & R Holdings XX LLC, an entity formed…

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CBRE Completes Sale of Palm Valley Pavilions East in Goodyear, Ariz.

CBRE has completed the sale of Palm Valley Pavilions East in Goodyear, Ariz. The 35,199-square-foot retail center commanded a sale price of $4.8 million. Andrew Fosberg, Steve Fernandez and Joseph Compagno of CBRE’s Phoenix office represented the seller, MEI Properties LLC of Buena Park, Calif. The international buyer, Toronto, Ontario-based Claxton Real Estate LP 1,…

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Community Leader Brad Wright Partners to Create Specialized Development Firm

Local attorney, real estate executive and community leader Bradley Wright has joined Nations Group as a principal to form Nations Wright, LLC.  Nations Group was founded by Chris Nations as Nations Consulting Group in 2007.  The new real estate development company will continue to specialize in project management and owners representation across many market segments both in…

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Fall Forum Cover Story

Catching the Next Big Wave A vibrant and dynamic economy depends on a multitude of factors, none more important than specialization and division of labor. For Commercial Executive Magazine‘s fourth annual Fall Forum, we have assembled a panel of experts from across the real estate landscape to explicate Arizona’s “Next Big Wave” forward. These industry…

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Land Advisors Organization-Tucson Closes $22.8 Million Maracay Homes Purchase of Rancho Vistoso

The Tucson office of the Land Advisors Organization, the nation’s largest land brokerage firm, announced today the successful closing of ±122 acres at the Rancho Vistoso ‘Donut Hole’, located northeast of North La Cañada Drive and West Moore Road in Oro Valley, Arizona. The ‘Donut Hole’ property, so named because of the way the golf…

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Vestar Announces New Tenants

Vestar, a leading privately held real estate company in the western United States that acquires and manages retail and entertainment destinations that serve as community focal points, announces a vast amount of new retailers at many of its centers. Noteworthy achievements for Vestar include the signing of new tenants totaling more than 240,000 square feet…

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