Holualoa Companies and Plaza Companies Leads Resurgence of Key Glendale Commercial/Medical Office Complex

A 100,000-square-foot commercial and medical office complex has received a jolt of energy that is helping to bring new business to Glendale and grow the economy. Arrowhead Executive Center, located at 17325 N. 75th Avenue in Glendale, was only at 80 percent occupancy a little less than a year ago when it was purchased by…

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Midtown Central Avenue Site Sells for $4.5 Million for Development of Residential/Office Project

A partnership of Ryan Companies, Tilton Development Company and Hunt Investment Company has purchased 1.565 acres at the northeast corner of Willetta and Central avenues for development of a mixed-use residential and office project.   The property, which is located just north of the Burton Barr Library and across the street from The Spaghetti Company…

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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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Valley Partnership Announces New Chair, Board Members for 2017

Valley Partnership named Brett Hopper, Development Consultant at The OPUS Group, as its 2017 Chair. The commercial real estate industry group also named new board members representing Pederson Group, Land Advisors, Hines, City of Phoenix, and Macerich . “Valley Partnership’s mission is powered by the collaboration of some of the best minds in our industry,”…

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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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