James DuMars, SVP and managing director of NorthMarq’s Phoenix regional office, and Michael Elmore, SVP and managing director of NorthMarq’s Los Angeles office, arranged first mortgage refinancing of $17.15 million for Pinnacle Peak Commerceplex I, a 302,254 sq. ft. warehouse distribution property located in Phoenix, Arizona. Financing was based on a 10-year term and a…Details
Colliers International in Greater Phoenix announced that Greg Guglielmino, senior associate, has joined the Phoenix office. Guglielmino specializes in the acquisition and disposition of single- and multi-tenant office and medical investment properties for private and institutional clients. He partners with Marcus Muirhead, associate vice president of investments. Guglielmino is also a member of Colliers’ National…Details
CBRE has completed the $9 million sale of 41.5 acres at 9801 W. Bethany Home Road in Glendale, Ariz. John Werstler, Jerry McCormick and Cooper Fratt of CBRE’s Phoenix office represented the seller, Stearns Bank of Scottsdale, Ariz., American Furniture Warehouse, Englewood, Colo., was represented by Jeff Jennings of ProStar Realty in Phoenix, Ariz. “The…Details
Douglas Allred Company has started construction on another office building at Allred Park Place, a 100,622-square-foot, two-story office building located east of Price and Willis roads in Chandler, Ariz. The structure, which broke ground July 29, is the sixth speculative office building at Allred Park Place. Mark Krison, Brad Anderson and Bryan Taute of CBRE’s…Details
Phoenix-based Alliance Residential Company is nearing completion of Broadstone Camelback in the Biltmore area, its first of three high-profile apartment projects delivering in the Valley. Two additional area communities, Broadstone Lincoln and Broadstone Waterfront, are also underway and making strides toward completion in well-known Scottsdale locations. The three developments are branded under Alliance’s luxury Broadstone…Details
Development partners Sunbelt Holdings and Ryan Companies joined Arizona State University (ASU), State Farm executives, government officials and local business leaders to celebrate the start of construction of Marina Heights, the 2 million square foot project along Tempe Town Lake. State Farm will lease approximately 1.9 million square feet in the development. “We are so proud to be a…Details
Major $350M Mixed-Use Commercial Development Planned for Downtown Tempe, Includes USA Basketball National Headquarters
USA Place, LLC, has been selected to develop a new 330-room Omni Hotel and 30,000-square-foot conference center on a 10.5-acre site located at the southeast corner of Mill Avenue and University Drive, subject to Tempe City Council and Arizona Board of Regents final approval of development agreements. In addition to the hotel and conference…Details
Colliers International Expands Team Specializing in Investment Sales and Corporate Tenant Representation
Colliers International in Greater Phoenix announced Peter Bauman, senior associate, has joined its Phoenix office. Bauman specializes in investment sales and corporate tenant representation. Client services include dispositions, acquisitions, site selection, financial analysis and strategic planning. Bauman partners with Tivon Moffitt, vice president. “Peter is a welcome addition to the Colliers team,” said Bob Mulhern,…Details
I’m thinking of transferring my real estate license from my personal name to a P.C. or P.L.L.C. for liability protection. What do you recommend? You should start by speaking with your accountant or C.P.A. to determine the potential tax advantages of holding your license in an entity rather than personally. Although you are permitted to…Details
ORION Investment Real Estate announced its sale of the Silver Tree Apartments, located at 4336 N. 35th Avenue in Phoenix. The 98-unit, individually metered, 1986 vintage property sold for $2,940,000 ($30,000 per unit, $49.70 per sq. ft.). The property was in the mid 80’s percent occupancy at close of escrow and did have additional value add…Details
By Tim J. Randall “The First Law of Economists: For every economist, there exists an equal and opposite economist. The Second Law of Economists: They’re both wrong!” No doubt readers have heard a joke about economists such as this, or perhaps like this: “If you laid all the economists in the world end to end,…Details
Recent sale and lease transactions by NAI Horizon: Sale Transactions: >>Mark Wilcke negotiated the sale of a 3,768 SF industrial property, representing the buyer DLC Southwest LLC, for $240,500. … CONTINUE READING →
The post NAI Horizon Recent Sale, Lease Transactions appeared first on AZRE Magazine.Details
“Top of the List” highlights one of our exclusive lists that appear in the weekly print edition of the Denver Business Journal. The weekly lists rank Colorado businesses and other entities in a host of categories, from law firms to lenders.
Online, we give you basic information on the top five from each weekly list. The full list, including additional data on the top five, is available to DBJ subscribers only, either in our print edition or in our digital edition here.
And the lists are compiled…
Union Pacific Railroad has closed on the sale of its Hollister-to-Gilroy track to Palo Alto-based San Benito Railroad LLC, according to public records.
The so-called Hollister Branch Line runs about 12.5 miles mostly through San Benito County. No price was recorded on the deed.
The track had been considered a linchpin in a plan to develop thousands of homes northwest of Hollister. That’s because the line could provide passenger rail service from a proposed community there to Gilroy, where passengers…
Gov. Neil Abercrombie has released more than $41 million for capital improvement projects in Hawaii, including $6.5 million for the design and construction of improvements to dams and reservoirs on Kauai and Maui.
“Since taking office, this administration has released more than $1.5 billion for capital improvement projects across the state, investing in priority improvement and upgrades that will directly benefit the people of Hawaii,” Abercrombie said in a statement. “These projects are contributing…