Falling Vacancies, Positive Rental Outlook Spur $26.25 Million Phoenix Industrial Sale

Dec. 10, 2013 – Phoenix industrial absorption rates may have hiccupped mid year, but investors are not deterred, as illustrated by the sale of 7200 West Buckeye Road in Southwest Phoenix. Jones Lang LaSalle’s Capital Markets experts facilitated the sale on behalf of the owner this week. 7200 West Buckeye Road Industrial Investors, LLC purchased the 400,000-square-foot…

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Velocity Retail Group Appoints Veteran Real Estate Executive Phil Kwiecinski as Director of Operations

Velocity Retail Group announces that Phil Kwiecinski has joined the firm as Director of Operations and for its affiliated development services company Accelerated Development Services. Kwiecinski, brings his vast experience as a 10-year veteran of CBRE’s Phoenix office where he was the Senior Operations Manager and most recently the Regional Operations Manager for the states…

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Cassidy Turley Completes $8.5 Million Sale of Country Club Manor

Dec. 6, 2013 – Cassidy Turley, a leading commercial real estate provider in the U.S., announced they successfully sold Country Club Manor, a ±89,214-square-foot class A office project at 1221 and 1313 E. Osborn Rd. in Phoenix. Hyperion Fund (Santa Monica, CA) purchased the REO property for $8,500,000 ($95.28/psf) from Aetna Health Insurance, Co. Executive…

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Activity Remains Strong in the Fourth Quarter for Sperry Van Ness Advisors

RETAIL LEASES: Momentum Salon leased 1,600 SF at Landis Crossing, located at 1006 E. Warner Road in Tempe. Mary Ridberg, Rommie Mojahed and Trenton McCullough represented the landlord. Central Arizona College Subleased 1,307 SF of space at the Shops at Maricopa Fiesta, located at 20800 N. John Wayne Parkway in Maricopa. Mary Ridberg and Rommie…

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New Development Coordinator and Project Manager Join Silver Fern Companies

Continuing to strengthen the team, Silver Fern Companies has added Barbara Nieves as Development Coordinator and Jason Meyers as Project Manager. Barbara joins Silver Fern with 13 years of experience in the industry at Standard Pacific Homes and First American Title Company. As Development Coordinator, Barbara provides coordination and administrative support to Land and Project…

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Marcus & Millichap Arranges The Sale of a 4,200-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Panera Bread Ground Lease, a 4,200-square-foot net-leased property located in Chandler, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,123,000. Mark Ruble and Jamie Medress, investment specialists…

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CBRE Completes Sale of Prescott Gateway Mall in Prescott, Ariz.

Dec. 3, 2013 – CBRE has completed the sale of the Prescott Gateway Mall located at 3250 Gateway Blvd. in Prescott, Ariz., a 578,666-square-foot (324,690-square-feet owned) regional mall. A collaborative team of brokerage professionals from CBRE, including Mindy Korth in Phoenix, Ariz., Philip D. Voorhees in Newport Beach, Calif., George Good in Chicago, Ill. and…

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Alliance Residential Acquires $160 Million Waterfront Community in Coronado, Calif.

Dec. 4, 2013— Alliance Residential is pleased to announce its acquisition of Coronado Bay Club, a 549-unit, garden-style apartment community located on the water in Coronado, Calif., an affluent “island” adjacent to downtown San Diego. The deal was brokered by Jones Lang LaSalle on behalf of LaSalle Investment Management. Alliance’s JV partner in the transaction…

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Arizona State Trust Land in Desert Ridge Sold at Auction for $28.1 Million

Dec. 3, 2013- On Tuesday, Dec. 3, 2013, the Arizona State Land Department successfully auctioned 105.72 acres of State Trust land located on the southwest corner of Tatum Boulevard and Pinnacle Peak Road in Phoenix. The minimum bid requirement was $26.7 million and the winning bid was $28.1 million. The successful bidder was the Taylor Morrison/Arizona…

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Cassidy Turley Completes 23,500 SF Lease for Vision Air America, Inc.

Dec. 2, 2013- Cassidy Turley announced that it completed a 23,500-square-foot lease for Vision Air America, Inc. (Phoenix, AZ) at 7239 North El Mirage Rd. in Phoenix. Mike Gilbert, Gary Anderson and Justin LeMaster with Cassidy Turley’s Industrial Group represented the tenant. Sam Sorensen of Sorensen & Black, Inc. represented the landlord, El Mirage Road, LLC.…

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