CPI Announces Sale of 10 Acres in Maricopa to Expected End Ministries

Commercial Properties Incorporated (CPI) announced the sale of 10 acres of land for in Maricopa to Expected End Ministries, a Maricopa-based nonprofit 501(c)(3) prison ministry. The group will develop the land at 16540 N. Porter Road as the future international headquarters for its global outreach programs. CPI’s Trent Rustan and Josh Gosnell represented KDJJ Industries, the…


NorthMarq Arranges $17.15M Mortgage for Pinnacle Peak Commerceplex I in Phoenix

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…


Colliers International Recruits Investment Specialist

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…


Douglas Allred Company Breaks Ground on 100,622 SF Office Building in Chandler

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…


Alliance Residential Debuts First of Three Luxury Rental Communities

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…


Construction Kicks Off Today For 2M SF, $600M Development in Tempe

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…


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…


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,…


Q&A: Legal

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…


NAI Horizon Recent Sale, Lease Transactions

  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.


Top of the List: Denver’s biggest property managers

“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 sells Gilroy-to-Hollister track

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…