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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Will Strong Joins Cassidy Turley as Vice President of Industrial Group

Cassidy Turley announced Will Strong has joined the firm’s Arizona office as a Vice President in the Industrial Group. Strong will be combining his brokerage practice with one of the companies top producing Industrial teams, Mike Haenel and Andy Markham, SIOR. The new team will focus on all aspects of Industrial brokerage services including development, project leasing…

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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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