±116,890 SF LEASE OF AN INDUSTRIAL WAREHOUSE IN PHOENIX, AZ

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of an industrial warehouse building located at 3555 W Washington Street in Phoenix, Arizona. The building was built in 1991 and consists of approximately 116,890 square feet.  Located just off 37th Avenue and Washington Street, the…

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Meridian Buys Historic Grunow Memorial Medical Center in Phoenix

Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Grunow Memorial Medical Center, a landmark 51,150-square-foot two-story medical office building located at 926 East McDowell Road in Phoenix, Arizona. The seller was PacVentures, a real estate investment firm based in San Diego, California. Meridian paid nearly $5…

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Elements Message Continues Expansion; Patriot Commercial Lists Redevelopment Opportunity in Phoenix

Elements Message is continuing their expansion in the Greater Phoenix Metro Area with a 2,400 square foot commercial lease at Red Mountain Promenade at 6663 E McDowell Road, Mesa, AZ. Peter McSorley, CCIM, of Patriot Commercial Properties represented Massage Elements in the transaction and has negotiated 15 transactions on their behalf since 2014. Steve Bonnell of De Rito…

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Carl Wood Joins CBC Advisors

Coldwell Banker Commercial Advisors (CBC Advisors) today announced that Carl Wood has joined the firm as an associate. Before joining CBC Advisors, Wood founded PinPoint Real Estate, LLC, a national real estate development company that offered full-service real estate brokerage services in Scottsdale, Arizona.   “In addition to adding Jason and Kalen to the firm,…

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JLL arranges sale of Phoenix industrial portfolio

JLL’s Capital Markets experts today announced the company arranged the sale of a 266,607-square-foot industrial portfolio on behalf of The Hewson Company. TA Realty purchased the portfolio, located in Scottsdale, Arizona and Tempe, Arizona, for $24.5 million. Managing Directors Mark Detmer, Bo Mills and Bill Honsaker, Senior Vice President Steve Larsen and Vice President Ryan…

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Woodcreek Apartment Homes in Las Vegas Sell for $16 Million

The Woodcreek Apartment Homes at 4485 Pennwood Ave.  in Las Vegas have been purchased by an Idaho investor for $16,000,000.     “This low-income housing community provides an appealing opportunity for investment due to the in-place, above-market yield and strong location near The Las Vegas Strip,” says Thomas Olivetti, associate vice president of Colliers International…

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JLL Adds 1.2M SF, New Expert to Phoenix PM Team

The JLL Phoenix Corporate Solutions Group is in expansion mode, earning 1.2 million square feet of new leasing assignments and prompting the addition of industry veteran Stacey Prentice as Retail Property Manager in charge of retail properties. “Commercial real estate buyers are definitely back in Phoenix, looking for assets that they can acquire and stabilize,” said Jackie Hines, Vice…

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CBRE Expands Phoenix Retail Services Practice with Addition of Kerry Linthicum

CBRE announced today that Kerry Linthicum, a retail leasing professional, has joined the firm’s Phoenix retail services practice as a Vice President. Ms. Linthicum will partner with First Vice President Carol Schillne and will focus on agency and landlord leasing for retail properties throughout the greater metro Phoenix area. “Kerry is the perfect complement to…

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Wade Nelson Named Senior Vice President of Property Tax Services – Colliers Int.

Wade Nelson has been named senior vice president of Property Tax Services for Colliers International.  This marks an expansion of client services for the real estate company.   Nelson, a seasoned veteran of the property tax industry, will be responsible for growing real estate tax services and tax appeal resources within the United States, serving…

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