Phoenix Apartment Complex Trades for $11.3M in Off Market Transaction

Desert Place Apartments recently sold for $11,300,000 ($43,462/unit). The 260-unit property spans across ±7.83 acres with excellent frontage along 27th Avenue. Near the I-17 Black Canyon Freeway, Desert Place has easy access to freeways, schools (Grand Canyon University), hospitals (Abrazo Medical Group – Bethany), shopping (Christown Spectrum Mall) and dining. The property is located in…

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LevRose Commercial Real Estate Hires Industry Veteran Mike Baumgardner as Sales Director

LevRose Commercial Real Estate, one of the Valley’s top commercial real estate brokerage and management companies, recently hired commercial real estate veteran Mike Baumgardner as its sales director. Baumgardner began his career in 2003 with Costar and became well known in the Arizona commercial real estate industry and later the western region. After being named…

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Colliers International in Greater Phoenix Completes Sale of Two Apartment Communities in Mesa

Colliers International in Greater Phoenix has completed the sale of a multifamily portfolio comprised of Argenta Apartments and Verona Apartments in the growing East Valley submarket. “East Valley 2 Portfolio was a true value-add investment opportunity, providing a buyer the opportunity to renovate not only the unit interiors but also the common areas,” says Cindy…

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LGE Design Build Starts Construction on $1.6M Distribution Facility for Crescent Crown

Crescent Crown Distributing is one of the nation’s largest beer and beverage distributors, and the company will soon boast an expansive new cooler and fleet shop in order to accommodate continued growth. Phoenix-based LGE Design Build broke ground on the nearly 18,000 square-foot facility earlier this month, and the job is expected to be completed…

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Grand Opening and Pre-Leasing Announced for 7160 Optima Kierland Boutique Leasing Tower

7160 Optima Kierland, a 10-story boutique leasing tower in the north Scottsdale Kierland neighborhood, is hosting its grand opening on February 16, 2017, and pre-leasing for priority list registrants is now underway for the luxury high-rise community where residents will begin moving in late April 2017. Located at 7160 East Kierland Boulevard, 7160 Optima Kierland…

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LGE Design Build Completes Grubstak; New Restaurant Now Open in Gilbert

Gilbert’s Heritage Marketplace has seen an influx of new restaurants in recent months, and its latest addition, GRUBSTAK™, does what other eateries have only hoped to do: it brings something entirely different to the table. Designed and developed by LGE Design Build, GRUBSTAK™ officially opened for business in late 2016, giving Gilbert-area residents and visitors…

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Landscape Architect Professional Kim Kleski Launches Valley Firm

Kimberly A. Kleski, a registered landscape architect with more than 20 years of experience, has launched her own firm, Kleski & Associates. Kleski, PLA, LEED BD+C, previously was head of the Landscape Architecture Department at Olsson Associates. She was responsible for marketing, contracts, conceptual and final designs, managing her team, project billings, and tracking future…

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1784 Capital Holdings Purchases Land for Development of Scottsdale Promenade Self Storage

Scottsdale-based 1784 Capital Holdings LLC has announced the acquisition of 2.52 acres near Scottsdale Road and Frank Lloyd Wright Blvd. for development of Scottsdale Promenade Self Storage. The property, located at 7550 E. Paradise Ln., is situated immediately to the south of Promenade Power Center within the master-planned Scottsdale Promenade development. The site is adjacent…

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WASHINGTON STREET CORRIDOR ASPIRANT DEVELOPMENT PURCHASES 8.5 ACRES

 The “Washington Street Corridor” continues to experience revitalization and significant new development. This new infill development corridor uniquely combines the joint resources of the cities of Phoenix and Tempe.  Major developments include The Grand at Papago Park Center, a new 56 acre mixed-use development located at the SWC of Washington and Priest which includes 2.5 million…

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