California Investor Purchases Palm Glen Shopping Center for $14.35 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that Los Angeles-based Primestor Development acquired Palm Glen Shopping Center, 3500-3636 W. Glendale Avenue, for $14.35 million ($81.67 PSF). The seller was Phoenix-based Palm Glen Investors, LLC. Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group…

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Hines Expands Strategic Phoenix Market Team

Hines announces the hire of four employees and the promotion of four employees who have decades of experience in development, property management and construction, building a robust and strategic Phoenix team. “We’re cultivating a talented team to reflect Hines’ strong commitment and further investment in the Phoenix marketplace,” said Chris Anderson, Managing Director of Hines.…

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Booming First Quarter Catapults SimonCRE into Strong 2014

National commercial real estate developer SimonCRE is experiencing a surge in shopping center projects already this year with a 85 percent revenue increase in the first quarter compared to last year. Having just inked its sixth shopping center purchase and renovation venture this quarter, the firm is on track for a record-breaking year. SimonCRE is a preferred developer for…

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Marcus & Millichap Just Closed A 7,000-Square-Foot Net-Leased Property In Phoenix

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of O’Reilly Auto Parts, a 7,000-square-foot net-leased property located in Phoenix, AZ, according to John Vorsheck, regional manager of the firm’s San Diego office. The asset sold for $1,750,000. Robb…

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Jones Lang LaSalle Completes $24.9 Million Sale of Camelback Arboleda

Capital Markets experts in the Phoenix office of JLL have completed the $24.9 million sale of Camelback Arboleda, a 178,792-square-foot, multi-tenant office building located at 16th Street and Camelback Road, in the heart of Phoenix’s prestigious Camelback Corridor. JLL Senior Managing Director Dennis Desmond and JLL Senior Vice President Brian Ackerman represented the property seller,…

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EPA Recognizes Hines with 2014 ENERGY STAR® Partner of the Year – Sustained Excellence Award

Hines, the international real estate firm, announced today that it has been recognized by the U.S. Environmental Protection Agency (EPA) with the 2014 ENERGY STAR Partner of the Year – Sustained Excellence Award in recognition of continued leadership in protecting the environment through energy efficiency.  Hines will be recognized at an awards ceremony in Washington,…

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Cresa Expands its Tenant-Focused Service Delivery Platform Internationally

Cresa, North America’s leading tenant representation firm, announced today that it has expanded its tenant-focused service delivery platform into London, with plans to shortly expand in Hong Kong as well. The expansion into global markets solidifies Cresa’s position as the largest firm to exclusively provide service to occupiers of office and industrial real estate in…

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Colliers International Completes $43.1 Million Sale of 183,000 SF Office in Chandler Price Corridor

Colliers International in Greater Phoenix recently completed the sale of a 183,000-square-foot, Class A office building in Chandler for $43.1 million, or $235.50 a square foot. W. P. Carey Inc., a global net-lease REIT based in New York City, purchased the building at 2700 W. Frye Road in Chandler from Regent Properties of Los Angeles.…

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