Café Rio Expands with Five New Phoenix-Area Restaurant Locations

The Phoenix office of JLL has completed five new leases for Café Rio, expanding the fast casual Southwestern-style restaurant into multiple new locations across the metro Phoenix market. The new restaurants have opening dates ranging from October 2016 to summer 2017. JLL Senior Vice President Tyson Switzenberg represented Café Rio in the lease negotiations, which include: 4095 S. Gilbert Rd. (at Ocotillo…

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COMMERCIAL PROPERTIES INC., ANNOUNCES THE SALE OF A ±81,060-SF INDUSTRIAL WAREHOUSE IN PEORIA

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of an industrial warehouse located at 10857 North 95th Avenue in Peoria, Arizona. The building is approximately 81,060 square feet, located just north of Peoria Avenue and visible from the Loop 101 Freeway. Chad Ackerley of…

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JLL Boosts Phoenix Investment & Finance Platform with Two New Hires

In an effort to strengthen its already broad suite of finance and investment capabilities, JLL today announced the addition of two market experts in the firm’s Capital Markets group. Industry veteran Robert Kline has joined JLL’s Capital Markets, Finance unit as a Managing Director in the Phoenix office. Dan Postal has joined the firm as a Senior Vice President. Kline will…

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NAI Horizon finds amenity-rich site in Chandler for software firm

With an office in Tempe, a Washington-based software company was looking for another location in the Valley that would offer walkable amenities to its employees. It found such a location within downtown Chandler’s urban redevelopment area. NAI Horizon Senior Vice President Laurel Lewis represented the buyer in the $1 million sale of a 6,725-square-foot building…

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Alta Paradise Ridge Event Raises Funds for Local Animal Shelter

Alta Paradise Ridge, a 278-unit luxury community located between Phoenix and Scottsdale, hosted a unique animal-focused fundraiser last week benefiting the Maricopa County Animal Shelter.   Over a hundred people attended the event at the Alta Paradise Ridge clubhouse on Friday, December 2 where they could interact with animals, donate pet supplies and learn about…

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North Scottsdale Synagogue Purchases $4.2M Building from Covenant Community Church

Congregation Or Tzion has purchased an industrial/flex building at 16415 N. 90th St. from Covenant Community Church for a price of $4,246,000. The well-known Scottsdale synagogue plans to accommodate future growth of its congregation and operations in the property.   “This buyer was very interested in the commercial property because it is situated just one…

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The Opus Group Announces Start of Construction on Mixed-Use Apartment Development in Tempe

The Opus Group (Opus) announced today the start of construction on a 407-unit residential and retail mixed-use development in Tempe. The project covers nearly an entire city block on the northwest corner of University Drive and Forest Avenue and will transform a surface parking lot into high-rise apartments and retail. “We’re thrilled that this vibrant,…

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Pete King Construction helps nonprofit provide gifts to 500 children, Relatives at PCH

On Dec. 2, Pete King Construction opened up their warehouse to the Jaydie Lynn King Foundation and 75 volunteers who supported the foundation’s Adopt-a-Family event. Well into the evening, gifts, household items and toiletries were dropped-off and wrapped for 102 families with children receiving treatment at Phoenix Children’s Hospital (PCH) Center for Cancer and Blood…

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NAI Horizon closes on $14M self-storage investment property

The sale of Arizona self-storage investment properties continues to hit all-time highs. Gateway Mini-Storage LLC, located at 5750 S. Power Rd., in Gilbert, Ariz., recently closed for $14 million. NAI Horizon Senior Vice President Denise Nunez exclusively marketed the property on behalf of the seller, Circle G Property Development of Gilbert, Ariz. Nunez also secured…

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