Workuity, Arizona’s Largest Co-Working Facility, Open for Business

Workuity, extraordinary workspaces for extraordinary companies, announces today the opening of its Phoenix space in March 2017. The 18,500-square-foot Class-A office space is ideally located at 24th and Camelback and will office nearly 250 people. Workuity provides companies a smarter way to work without the hassle of long-term leases.   Workuity was built on the…

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Valerie Ahyong, PLA, LEED AP, Joins The Planning Center as Lead Landscape Architect

Valerie Ahyong, PLA, LEED AP, joins The Planning Center’s Tempe location as the lead landscape architect. In her role, she will design and implement projects for parks, schools, streets, community gardens, and green roofs, and will also conduct work in the healthcare, mixed-use, residential and multi-family markets. In addition to having expertise in the fields…

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THIRTY-NINE STATES ADD CONSTRUCTION JOBS BETWEEN JANUARY 2016 & 2017 WHILE THIRTY-EIGHT STATES AND D.C. ADD JOBS FROM DECEMBER TO JANUARY

Thirty-nine states added construction jobs between January 2016 and January 2017 while 38 states and D.C. added construction jobs between December and January, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that many firms report they are having a hard time finding enough…

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TCC AND ARTIS REIT COMPLETE CONSTRUCTION ON PARK LUCERO PHASE II

Trammell Crow Company (TCC) and partner Artis REIT announce they have completed construction on Park Lucero Phase II, a Class A, speculative industrial building totaling 131,796 square feet. The project is situated adjacent to Phase 1 (completed in 2015) and Phase 3 (currently under construction), and fronts along the Santan Freeway (Loop 202) providing significant…

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CBRE Completes $48.5 Million Sale of The Highlands Multifamily Community in Scottsdale, Arizona

CBRE has completed the sale of The Highlands, a 272-unit multifamily community located at 15255 N. Frank Lloyd Wright Boulevard in Scottsdale, Arizona. The buyer was Newport Beach, California-based Olen Properties. The seller, Irvine, California-based Bascom Goup, was represented by Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch of CBRE Multifamily Institutional Properties in…

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Walker & Dunlop Executes $75.6 Million Green UpSM, Conversion to Fixed Rate Portfolio

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) announced today that it structured loans totaling $75,625,000 with Freddie Mac for four multifamily properties located in Arizona and Texas. Senior Vice President and Managing Director, Alex Inman, arranged the debt placement for the Class B, garden-style apartment complexes. The portfolio’s four loans were structured at competitive…

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MODE Commercial Property Management Hires Industry Veteran Gary Coley as Senior Real Estate Manager

MODE Commercial Property Management, a Scottsdale-based boutique commercial property management company, recently hired commercial property management veteran Gary Coley as its senior real estate manager. Coley joins MODE with more than 30 years of commercial real estate asset and property management experience in office, retail, industrial and data center assets in several markets in the…

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Daum Negotiates $11.22 Million in Sales with Three Industrial Buildings in Phoenix

Daum Commercial Real Estate Services has negotiated the $11.22 million sale of three industrial buildings located in Phoenix. In the first transaction, Zouras Trust of Santa Fe Springs, Calif. purchased two single-story industrial office buildings in Southbank Business Center located at 3249 and 3259 E. Harbour Drive in Phoenix for $4.8 million. The 3249 E.…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 5,247-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Big O Tires, a 5,247-square foot net-leased property located in Gilbert, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,850,000. Jamie…

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CONSTRUCTION EMPLOYMENT JUMPS BY 58,000 IN FEBRUARY TO HIGHEST LEVEL SINCE 2008; YEAR-OVER-YEAR GROWTH IS BROAD-BASED AND TOPS PRIVATE-SECTOR RATE

Construction employment increased by 58,000 jobs in February to the highest level since November 2008 with gains in both residential and nonresidential segments, according to an analysis of new government data by the Associated General Contractors of America. The association urged public officials to strengthen training and education programs to help students and current workers…

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