ARA Announces $103M Sale of The Hub on Campus In Tempe

Apartment Realty Advisors National Student Housing Group (ARA Student Housing) in conjunction with ARA’s Arizona office announces the sale of Hub on Campus in Tempe, AZ. Built in 2013, Hub on Campus is a 19-story, 269-unit/637-bed newly developed core student housing property located adjacent to the Arizona State University. The asset consists of 410,416 gross square feet, including 241,097…

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Colliers International Names Scott D. German Vice President of Scottsdale Office

Colliers International Greater Phoenix has named Scott D. German vice president of office properties for its Scottsdale office. German is leasing and selling Scottsdale office buildings, and providing consultation on development and land acquisition for clients. During his 28 years in the Greater Phoenix commercial real estate industry, German has completed more than 2,000 lease…

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Lawrence Pobuda Joins Transwestern Phoenix Team

Lawrence (Larry) Pobuda has joined Transwestern’s Phoenix office, increasing its role in the leasing and sales of office buildings and providing in-depth expertise in development and investment. As Senior Vice President, Pobuda serves institutional, corporate and private owners, as well as corporate users. “It is exciting to make strategic expansions in our range of services…

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Transwestern Announces Four Lease Transactions

In a series of transactions that reflects the continuing recovery of the Phoenix office market, Transwestern brokered four long-term leases throughout the region, highlighted by a more than 52,000-square-foot renewal and expansion for Health Choice Arizona Inc. in Three Gateway, located at 410 North 44th St. in Phoenix. Health Choice Arizona, one of the state’s leading…

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Jimmy John’s Leases Three New Spaces

SRS Real Estate Partners has leased three new spaces for Jimmy John’s Gourmet Sandwiches.  The first location is a 1,896-square-foot space at Fountain Square Plaza located at the northwest corner of Bell Road and 7th Street in Phoenix, Ariz.  This Safeway anchored center includes Planet Fitness, McDonald’s and Payless Shoes. The second location is a…

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NorthMarq Arranges $6.45M Mortgage for Sprouts Distribution Facility in Glendale

 James DuMars, senior vice president and managing director of NorthMarq’s Phoenix regional office, arranged acquisition financing of $6.45 million for 5445 W. Missouri Avenue (Missouri/55th Avenue) in Glendale, Arizona.  This asset is a 106,000 sq. ft. office/warehouse building 100% leased to Sprouts.  Financing was based on a 7-year term and a 21-year amortization schedule.  NorthMarq…

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SmithGroupJJR-Designed Project Certified By ILFI As Largest Net Zero Energy Building In the World

The new Phoenix Regional Office of DPR Construction, designed by SmithGroupJJR, has been officially certified as a Net Zero Energy Building by the International Living Future Institute (ILFI). It’s the largest building in the world to achieve Net Zero Energy Building Certification through the Institute to-date. SmithGroupJJR designed the comprehensive renovation of the windowless, 1970’s…

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GPE Announces 8 Commercial Transactions

GPE Companies reports the following transactions: Sales Scottsdale, AZ – Franklin & Dawn Boxberge (Trustees) purchased 2,730 SF for $232,500 at Vista Bonita, 8701 East Vista Bonita Drive. Bret Isbell and Russell Fine represented the seller. Phoenix, AZ – Paramount Skyline purchased Skyline Ridge at the Preserve Condominiums for $2,200,000 at 1502 East Dunlap Road. This property…

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